Jump to content



Photo

Change in market character


  • Please log in to reply
38 replies to this topic

#21 NAV

NAV

    Member

  • Traders-Talk User
  • 16,087 posts

Posted 31 January 2018 - 09:40 AM

Made 10 points on 1/3rd and lost 7 on 2/3rd. Pretty much a breakeven trade. Will wait for the next setup.


"It's not the knowing that is difficult, but the doing"

 

https://twitter.com/Trader_NAV

 

 


#22 SemiBizz

SemiBizz

    Volume Dynamics Specialist

  • Traders-Talk User
  • 23,208 posts

Posted 31 January 2018 - 09:43 AM

It seems to work well, give the bears an inch, then take a mile...

 

nasdaq013118d.thumb.JPG.6bcb6d7b6e8d286c

 

This time was more than an "inch"

 

So, the size of this pullback is pretty large...

 

We're either going to push a little higher, maybe test the high and tank...

 

Or we're going to see another very fast move here about 300 points higher targeting 7700...


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#23 NAV

NAV

    Member

  • Traders-Talk User
  • 16,087 posts

Posted 31 January 2018 - 10:00 AM

Gap fill at 2851.7 is possible. If we don't fill the gap and collapse here, it could get very busy on the downside.


"It's not the knowing that is difficult, but the doing"

 

https://twitter.com/Trader_NAV

 

 


#24 NAV

NAV

    Member

  • Traders-Talk User
  • 16,087 posts

Posted 31 January 2018 - 10:01 AM

Shorted SPX 2833 with 2840.5 STOP


"It's not the knowing that is difficult, but the doing"

 

https://twitter.com/Trader_NAV

 

 


#25 NAV

NAV

    Member

  • Traders-Talk User
  • 16,087 posts

Posted 31 January 2018 - 12:23 PM

No follow thru. Looks like a consolidation day.  Moved Stop to breakeven.


"It's not the knowing that is difficult, but the doing"

 

https://twitter.com/Trader_NAV

 

 


#26 salam

salam

    Member

  • Traders-Talk User
  • 1,579 posts

Posted 31 January 2018 - 12:38 PM

My trailing stop hit @2830 flat


I'm not sure what my future holds... But I know who holds it.

#27 CLK

CLK

    Member

  • Traders-Talk User
  • 10,787 posts

Posted 31 January 2018 - 01:32 PM

The last brick volume is high enough that even if the trend has turned down, it should print at least one up brick

if not more from here.

 



#28 SemiBizz

SemiBizz

    Volume Dynamics Specialist

  • Traders-Talk User
  • 23,208 posts

Posted 31 January 2018 - 01:37 PM

I would not be surprised at all to see the market go into a BUYING PANIC before this is done...

 

Sort of it's own little "bitcoin blowoff" move.

 

There are a lot of ducks out there lining up.

 

FOMC 20 min

 

FB/MSFT tonight

 

Superbowl of Earnings Tomorrow Night AMZN, AAPL, GOOGL etc.

 

Friday Jobs report...


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#29 NAV

NAV

    Member

  • Traders-Talk User
  • 16,087 posts

Posted 31 January 2018 - 02:36 PM

Once 2818 breaks, there will be selling panic. Buying panic is over - it's been going on for over a month now.


Edited by NAV, 31 January 2018 - 02:44 PM.

"It's not the knowing that is difficult, but the doing"

 

https://twitter.com/Trader_NAV

 

 


#30 CLK

CLK

    Member

  • Traders-Talk User
  • 10,787 posts

Posted 31 January 2018 - 03:05 PM

Five waves down from the top, they can still turn it here. I'm neutral on the market, but 2600 wouldn't surprise me either.