16 replies to this topic

[jjc]

Added more DJX puts at 1.05

Nav,
I must say I'm a bit confused by your trade as I watch the tape and run my models; I'm flat since the
morning short; The 10:30 fade was just shy of being stong enough move for me to take it, so I'm resting on my morning's earnings; but I'm curious as hell to see how this turns out for you. May I ask what your
looking at?

jjc,

I don't look at 5-min trends. They don't mean anything to me. I am hourly swing trader. Hourly trend is still down and we are approaching the 1453.75 resitance on the 30-min charts. The 30-min momentum is overbought. What would you do ?

If my analysis told me to take the trade I would take the trade... 30-min oversold conditions usually have
a Time of Day component for resolution. I do see 1455 as an important as a potential entry short but
only if I see buying peeks.

I'm not questioning your judgement here. Just trying to see what I'm missing.



Thx.

[GOOSE2]

"if" you wanted to get short.... the 1455-56 area is the spot. it's a back kiss of an upward slopping Gann line That not my cup of tea however. I made my 8pts and now I'm going to hit some golf balls

[NAV]

I am out. Lost 3 points. Every time I take a bearish bet I feel stupid even when I make money.

Denleo

Looks like they cleaned us out before they take this thing down.

[eminimee]

I was long es a few times and took 9 from todays low.....now short NQ at 1829...stop 31.75...looking for 1820

[NAV]

Added more DJX puts at 1.05

Nav,
I must say I'm a bit confused by your trade as I watch the tape and run my models; I'm flat since the
morning short; The 10:30 fade was just shy of being stong enough move for me to take it, so I'm resting on my morning's earnings; but I'm curious as hell to see how this turns out for you. May I ask what your
looking at?

jjc,

I don't look at 5-min trends. They don't mean anything to me. I am hourly swing trader. Hourly trend is still down and we are approaching the 1453.75 resitance on the 30-min charts. The 30-min momentum is overbought. What would you do ?

If my analysis told me to take the trade I would take the trade... 30-min oversold conditions usually have
a Time of Day component for resolution. I do see 1455 as an important as a potential entry short but
only if I see buying peeks.

I'm not questioning your judgement here. Just trying to see what I'm missing.



Thx.

You are not missing anything here. You have your methods and i have mine.

[S.I.M.O.N.]

you guys should really stop by my blog more often, tomorrow's prices today and free what a deal

http://www.fibo-count.blogspot.com/

[GOOSE2]

also have a little inv H&S on intraday $SPX support around 1444.00