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Distribution, gentle squeeze, then... is the CRASH imminent?


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#81 dTraderB

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Posted 27 May 2021 - 04:17 PM

$164 Profit today, all because of that second ES hedge

Low risk today & tomorrow to close off another great month. 4 Profitable and 1 losing month in 2021. 

Should have opened 2 ES HEDGE LONG lower but was focused on NQ daytrading

Difficult trading week, lower intraday ATR, choppy, lower volume etc etc etc translate into lower profits

 

25 VXX CALLS

49 SPY PUTS

ES HEDGE LONG 4198.5

ES HEDGE LONG 4202.25

 

hate to do this but must open another ES hedge long 4198 or lower

 

25 VXX CALLS

48 SPY PUTS

 2 ES HEDGE LONG



#82 dTraderB

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Posted 28 May 2021 - 07:18 AM

Surprisingly brisk market on a pre-Mem Day Friday

This pullback gives another opportunity to add extra lot to NQ LONG daytrades

 

BUY dips after any pullback after 8:30 reports released? 

ES 4180 still the strongest support for ES at these levels

 

RISK OFF Friday for me, want to end this week and month with profits preserved, RISK ON again on TUESDAY


Edited by dTraderB, 28 May 2021 - 07:18 AM.


#83 12SPX

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Posted 28 May 2021 - 07:49 AM

I love celebrating two holidays lol!!  Got my overnight fills bringing my average short to 4112!  May add a bit more as we go into the cash market.  Not sure the market is being affected much about bitcoin but they sure seem to be moving close together lately as its getting sold again.  Wonder if someone could put up a tracking chart on the two....   Looks like were selling a bit here, profit stop 4111, sell above with the cash open....



#84 12SPX

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Posted 28 May 2021 - 08:31 AM

Out for 1 point profit, starting a short build again at 4213...



#85 12SPX

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Posted 28 May 2021 - 08:33 AM

Boy oh boy all these gap opens this week have been sold interesting....  profit stop 4212, sell higher would like 4215....



#86 12SPX

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Posted 28 May 2021 - 08:42 AM

Took profits for 3 points, resell higher or lower depending if and I do mean if we move at all here lol!!  Pretty sure volume will be done in about 10 minutes lol!! 



#87 12SPX

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Posted 28 May 2021 - 09:02 AM

Shoulda gone long but short feels better, starting my short build at 4213...



#88 redfoliage2

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Posted 28 May 2021 - 09:03 AM

We should see SPX at new highs in early June .....................


Edited by redfoliage2, 28 May 2021 - 09:03 AM.


#89 12SPX

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Posted 28 May 2021 - 09:16 AM

profit stop 4210, another grind day yay, cmon bulls get out there, I need this thing higher to sell it, these gap ups are getting boring this month lol!! 



#90 12SPX

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Posted 28 May 2021 - 09:22 AM

Ok took profits for 7 points, flipped to long at 4206....