10 replies to this topic

[OEXCHAOS]

I'm just pleased as punch. I'm using a fine tuned method for day trading for my premium subs and it's working very well, as IronCross can attest, I think. I'm watching sentiment for fuel, and trend turns to reduce risk, and volume to both confirm and to give targets.

I don't normally like to magically show a profitable trade after the fact, but since I know there are two witnesses on the board, and because I'm so pleased, I'm sharing it.

This is the flow of messages that we sent out to subs this afternoon.


>>Short-term trend is now down. We'll look for a bounce to short. If it's low volume, we'll advise of specific action. We're not trying to tear the cover off the ball here, but this trade might last overnight.
> We're getting a bounce, albeit from lower than we'd have thought. I say hit them at 147800 and stop it at 148500. We'll hold it over night if filled. We'll not update at 4:00 but a bit later as we have an appointment. Target for now is 146500. We'll adjust it as time allows.

We got short at 147800 and we covered, unexpectedly, at 146500. That's a 13 point profit gang! And while we might have snagged another 5, I'm happy to not have to worry about it tonight. The late volume, however, suggests that we were fortunate to close this position out. We ought to see some buying tomorrow, or even tonight.

In this case I just used a higher target to be conservative. The real target was 145900ish but I'd rather go to bed flat than squeeze the last penny out.

Anyway, I'm very pleased.

NAV, this tweak of my stuff is based upon the style (but not the specifics) of what I've been watching you do. Thanks.

Mark

[hiker]

great work, Mark! was not 1484 SPX horizontal retest a simple tell when the rally failed there at the 15:12 candle? just curious how you read that at the time

[Jnavin]

Cool. I had a good day as well and one of my best months.

[OEXCHAOS]

great work, Mark! was not 1484 SPX horizontal retest a simple tell when the rally failed there at the 15:12 candle? just curious how you read that at the time

Hiker, interestingly, I wasn't looking at that line, at all. Basically, the market pulled back at a volume target, and then rallied on lame volume and a high-ish ARMS. Then the short-term trend turned down, and we got supporting volume, so I eyeballed what resistance might be on a bounce that would get us short-term overbought (5') and put a limit order in there.

I figured it was worth a shot. It was.

BTW, mss also deserves an "atta" and a thank you, as I also incorporate some stuff he has shared with us here.

Mark

[NAV]

I'm just pleased as punch. I'm using a fine tuned method for day trading for my premium subs and it's working very well, as IronCross can attest, I think. I'm watching sentiment for fuel, and trend turns to reduce risk, and volume to both confirm and to give targets.

I don't normally like to magically show a profitable trade after the fact, but since I know there are two witnesses on the board, and because I'm so pleased, I'm sharing it.

This is the flow of messages that we sent out to subs this afternoon.


>>Short-term trend is now down. We'll look for a bounce to short. If it's low volume, we'll advise of specific action. We're not trying to tear the cover off the ball here, but this trade might last overnight.
> We're getting a bounce, albeit from lower than we'd have thought. I say hit them at 147800 and stop it at 148500. We'll hold it over night if filled. We'll not update at 4:00 but a bit later as we have an appointment. Target for now is 146500. We'll adjust it as time allows.

We got short at 147800 and we covered, unexpectedly, at 146500. That's a 13 point profit gang! And while we might have snagged another 5, I'm happy to not have to worry about it tonight. The late volume, however, suggests that we were fortunate to close this position out. We ought to see some buying tomorrow, or even tonight.

In this case I just used a higher target to be conservative. The real target was 145900ish but I'd rather go to bed flat than squeeze the last penny out.

Anyway, I'm very pleased.

NAV, this tweak of my stuff is based upon the style (but not the specifics) of what I've been watching you do. Thanks.

Mark

Mark,

I am glad my style works for others as well.

I had a bad day today. Got stopped out by stupidly trailing the stop. My internet had problems. I am just enjoying a bottle of red now

[SemiBizz]

So... you liking those volume targets eh? hehehe... Needless to say I had a great day of trading...

[OEXCHAOS]

Volume is a valuable piece of the puzzle. Folks, right here, you have some great people to learn from. I'm PERSONALLY profiting from stuff I've learned from observing Semi, NAV, and mss. I add indicator TA, experience, feel, and sentiment. I'm not saying that I haven't learned from others here, either, like Hiker or John. Nor that there aren't others I'm going to learn from, but I AM saying, if you're looking to improve your trading, the folks posting in here are a great place to start. Mark

[SemiBizz]

Per our messages on Sunday nite... did you notice how ES got to 1495 and couldn't get over it?

[OEXCHAOS]

Per our messages on Sunday nite... did you notice how ES got to 1495 and couldn't get over it?

EXACTLY!

THAT was the tell that we might have trouble. Then the High ARMS. Then the turn. The just enough selling volume to convince me and on goes the short on the first rally.

Mark

[SemiBizz]

Man that is one ugly confirmed ABC Down on the Nasdaq, Mark... 2425 target We had STRONG VOLUME at the B point on the way back down - this momentum does not usually get reversed...