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Re: 06/09/2017 Live Update

PostPosted: Fri Jun 09, 2017 12:50 pm
by fehro
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

Re: 06/09/2017 Live Update

PostPosted: Fri Jun 09, 2017 12:53 pm
by Al_Dente
Mr. Big, MSFT, daily
Big red stick (biggest red stick since the election??)
Check the volume EOD
69msft.png.png

Re: 06/09/2017 Live Update

PostPosted: Fri Jun 09, 2017 1:03 pm
by Al_Dente
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

Re: 06/09/2017 Live Update

PostPosted: Fri Jun 09, 2017 1:12 pm
by fehro
Houston.. we have a problem :roll: :lol: *corrected image

Re: 06/09/2017 Live Update

PostPosted: Fri Jun 09, 2017 1:14 pm
by Cobra
possible 100% mm to test yesterday's low. this was unexpected.

Re: 06/09/2017 Live Update

PostPosted: Fri Jun 09, 2017 1:31 pm
by te_fern
The levered Semi's fell 15 points top to bottom...Wow!

Re: 06/09/2017 Live Update

PostPosted: Fri Jun 09, 2017 1:39 pm
by Al_Dente
so WTF is keeping the dow up
intraday
69dow.png.png

Re: 06/09/2017 Live Update

PostPosted: Fri Jun 09, 2017 1:45 pm
by Al_Dente
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?

Re: 06/09/2017 Live Update

PostPosted: Fri Jun 09, 2017 1:51 pm
by te_fern
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.

Re: 06/09/2017 Live Update

PostPosted: Fri Jun 09, 2017 1:53 pm
by te_fern
Good move today!

Re: 06/09/2017 Live Update

PostPosted: Fri Jun 09, 2017 1:55 pm
by te_fern
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!

Re: 06/09/2017 Live Update

PostPosted: Fri Jun 09, 2017 1:57 pm
by Trades with cats
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.

Re: 06/09/2017 Live Update

PostPosted: Fri Jun 09, 2017 2:04 pm
by Cobra
testing yesterday's low as expected. if consolidation here instead of sharp rebound (as usual) then breakdown is more likely. let's see.

Re: 06/09/2017 Live Update

PostPosted: Fri Jun 09, 2017 2:06 pm
by Al_Dente
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

Re: 06/09/2017 Live Update

PostPosted: Fri Jun 09, 2017 2:09 pm
by Al_Dente
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""

Re: 06/09/2017 Live Update

PostPosted: Fri Jun 09, 2017 2:39 pm
by cletus
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?

Re: 06/09/2017 Live Update

PostPosted: Fri Jun 09, 2017 2:39 pm
by Daniel
DJT, XLI, QQQ, EEM lod

Re: 06/09/2017 Live Update

PostPosted: Fri Jun 09, 2017 2:40 pm
by Trades with cats
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:

Re: 06/09/2017 Live Update

PostPosted: Fri Jun 09, 2017 2:45 pm
by Cobra
valid breakdown. this bear may have legs.

Re: 06/09/2017 Live Update

PostPosted: Fri Jun 09, 2017 2:46 pm
by Trades with cats
Here we go scrambling for collateral. Hope there is no AIG in the woodwork this time
from Twitter/Zerohedge
ISDA Rules Banco Populare Credit Event Took Place: BBG