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06/09/2017 Live Update

Re: 06/09/2017 Live Update

Postby fehro » Fri Jun 09, 2017 12:50 pm

fehro wrote:
fehro wrote:As per yesterday .. AAPL key time at 20d SMA 154ish on major uptrend.. it goes.. bombs away QQQ nLOD QQQs RED



bombs dropped… may under cut June lows 152.22 near support
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Screen Shot 2017-06-09 at 9.49.47 AM.png
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Re: 06/09/2017 Live Update

Postby Al_Dente » Fri Jun 09, 2017 12:53 pm

Mr. Big, MSFT, daily
Big red stick (biggest red stick since the election??)
Check the volume EOD
69msft.png.png
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Re: 06/09/2017 Live Update

Postby Al_Dente » Fri Jun 09, 2017 1:03 pm

See what I mean?
However the smalls and banks remain up there; even the VIX-futures traders (XIV) are not tooooo bearish... for now...
1min, overlay not percent
69one overlay.png.png
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Re: 06/09/2017 Live Update

Postby fehro » Fri Jun 09, 2017 1:12 pm

Houston.. we have a problem :roll: :lol: *corrected image
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Last edited by fehro on Fri Jun 09, 2017 1:21 pm, edited 1 time in total.
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Re: 06/09/2017 Live Update

Postby Cobra » Fri Jun 09, 2017 1:14 pm

possible 100% mm to test yesterday's low. this was unexpected.
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Re: 06/09/2017 Live Update

Postby te_fern » Fri Jun 09, 2017 1:31 pm

The levered Semi's fell 15 points top to bottom...Wow!
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Re: 06/09/2017 Live Update

Postby Al_Dente » Fri Jun 09, 2017 1:39 pm

so WTF is keeping the dow up
intraday
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Re: 06/09/2017 Live Update

Postby Al_Dente » Fri Jun 09, 2017 1:45 pm

te_fern wrote:The levered Semi's fell 15 points top to bottom...Wow!

hi boss, glad u r back :D
is there a 3x bear semis ETF?
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Re: 06/09/2017 Live Update

Postby te_fern » Fri Jun 09, 2017 1:51 pm

Al_Dente wrote:
te_fern wrote:The levered Semi's fell 15 points top to bottom...Wow!

hi boss, glad u r back :D
is there a 3x bear semis ETF?


Glad to be back. Went to England for a wedding, so still adjusting for the time zones!! LOL!

Yes, SOXS.
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Re: 06/09/2017 Live Update

Postby te_fern » Fri Jun 09, 2017 1:53 pm

Good move today!
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Re: 06/09/2017 Live Update

Postby te_fern » Fri Jun 09, 2017 1:55 pm

Today proved that stop losses are required for day trading. Lost 1 point on SOXL, expecting a bounce. SOXL is now down almost 9 points where I exited the trade!
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Re: 06/09/2017 Live Update

Postby Trades with cats » Fri Jun 09, 2017 1:57 pm

te_fern wrote:Today proved that stop losses are required for day trading. Lost 1 point on SOXL, expecting a bounce. SOXL is now down almost 9 points where I exited the trade!

Yes, that is why I have a volatility based long and short stop on all my charts. The best loss is always the first and smallest loss.
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Re: 06/09/2017 Live Update

Postby Cobra » Fri Jun 09, 2017 2:04 pm

testing yesterday's low as expected. if consolidation here instead of sharp rebound (as usual) then breakdown is more likely. let's see.
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Re: 06/09/2017 Live Update

Postby Al_Dente » Fri Jun 09, 2017 2:06 pm

UPDATE ON “Lately QQQ has been leading intraday”
Now even the VIX-futures traders (XIV, dashed purple) are bear-spy-ing
You’d think with everybody scared to death they’d pile into gold and gdx……. not so much…. instead they’re piling into GS and banks…… go fig…..

69overlay3.png.png
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Re: 06/09/2017 Live Update

Postby Al_Dente » Fri Jun 09, 2017 2:09 pm

Trades with cats wrote:
te_fern wrote:Today proved that stop losses are required for day trading. Lost 1 point on SOXL, expecting a bounce. SOXL is now down almost 9 points where I exited the trade!

Yes, that is why I have a volatility based long and short stop on all my charts. The best loss is always the first and smallest loss.

boss, can u show/explain your ""volatility based long and short stop""
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Re: 06/09/2017 Live Update

Postby cletus » Fri Jun 09, 2017 2:39 pm

Cobra wrote:possible 100% mm to test yesterday's low. this was unexpected.


No, it really wasn't. You were calling for more price acceleration with the VIX < 10. Do you realize how bad of a call that is, statistically and historically?
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Re: 06/09/2017 Live Update

Postby Daniel » Fri Jun 09, 2017 2:39 pm

DJT, XLI, QQQ, EEM lod
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Re: 06/09/2017 Live Update

Postby Trades with cats » Fri Jun 09, 2017 2:40 pm

TF 06-17 (750 Tick)  6_9_2017C.jpg


I use the stop as my initial risk or R for calculating maximum position size. I am very aware that experienced traders like the people on this board will use price action support and resistance. But when the futures start moving I don't have the time to think and consider so this works as a fast and dirty. :lol:
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Re: 06/09/2017 Live Update

Postby Cobra » Fri Jun 09, 2017 2:45 pm

valid breakdown. this bear may have legs.
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Re: 06/09/2017 Live Update

Postby Trades with cats » Fri Jun 09, 2017 2:46 pm

Here we go scrambling for collateral. Hope there is no AIG in the woodwork this time
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