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THE BOUNCE: Trappy & Treacherous, then retest 2022 LOW


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#21 dTraderB

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Posted 16 May 2022 - 08:21 AM

WILL CLOSE 300 IWM, ABOVE 180

 

market wants to test some important levels lower ... it appears so, ES 3980-90 important strong support zone

 

USD/YEN is stuck .... not much movement, potential for trades last week or so

I am going to look at the EUSD market, EURO plunged, near 104, could go to parity and then rise

I think it rallies soon as the USD backs off from recent highs



#22 12SPX

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Posted 16 May 2022 - 08:38 AM

Darn was adjusting to a nice even 4000 and was taken out for a 5 point profit but back in starting my long build at 3999....



#23 K Wave

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Posted 16 May 2022 - 08:46 AM

Trannies right back to gettin' hammered again...

 

14K is HUGE...


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#24 K Wave

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Posted 16 May 2022 - 08:48 AM

BTC tryin' to get short term stuff synced up downside again...

 

Man O Man...if it actually let's go here.....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#25 dTraderB

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Posted 16 May 2022 - 08:51 AM

closed .... order still not filled , .... 29.5 points

NQ + 119.5 points

 Will reopen later ...

 

Added 4th hedge shorts

ES 4013.5
NQ 1235O

WILL ADD another ABOVE ES 4050

WANT to lower risks on this rally, gradually close LONGS except TLT CALLS



#26 K Wave

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Posted 16 May 2022 - 08:51 AM

TZA tryin' to launch off the pivot from the big breakout back test....

 

pretty clear where the stop is now...in the meantime, could explode upwards....

 

tza.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#27 12SPX

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Posted 16 May 2022 - 08:52 AM

Well that was easy, average long 3994.....



#28 K Wave

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Posted 16 May 2022 - 09:09 AM

Bull holding their ground after the dip....

 

If Trannies get a foothold back above 14.4, could still be some upside left...


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#29 dTraderB

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Posted 16 May 2022 - 09:09 AM

is THAT the LOW of the day, and of this week?   
Maybe, in OPEX week... too volatile... so rally from here, then down again Thursday, Friday? 

 

Whatever, will trade it

 

Will close a few longs above ES 4030

 

and add 4th ES & NQ Hedge shorts



#30 redfoliage2

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Posted 16 May 2022 - 09:13 AM

In this monthly OpEx week we should see SPX going higher, likely to 4150 - 4200 .............................


Edited by redfoliage2, 16 May 2022 - 09:21 AM.