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Re: 12/21/2017 Live Update

PostPosted: Thu Dec 21, 2017 11:52 am
by Trades with cats
ES 03-18 (2 BetterRenko(17)) 2017_12_21B.png

Mondays Point of Control at 2694 is an obvious target. Also that rip up was a strong impulsive up wave so something must have happened.

Re: 12/21/2017 Live Update

PostPosted: Thu Dec 21, 2017 12:12 pm
by Al_Dente
YESTERDAY:
T announced that once tax reform is signed into law, AT&T will not only invest an additional $1 billion in CapEx in the US in 2018, but also pay a "special bonus" of $1,000 to its more than 200,000 U.S. employees…
LAST NIGHT/TODAY:
Comcast announced Wednesday that it would award one-time $1,000 bonuses to more than 100,000 employees, which would include frontline and non-executive employees.
Others including Fifth Third Bancorp, Wells Fargo and Boeing, also announced that they would pass along tax savings to their workers.

Re: 12/21/2017 Live Update

PostPosted: Thu Dec 21, 2017 12:21 pm
by te_fern
Bouncing along the first resistance pivot...

Re: 12/21/2017 Live Update

PostPosted: Thu Dec 21, 2017 12:29 pm
by Al_Dente
GBTC
A couple days ago we noted [via zh and other sources] the enormous premium to NAV, and that it was shortable depending on your broker
[edit: at that time GBTC was roughly 3200 and the NAV was roughly 1600]

Re: 12/21/2017 Live Update

PostPosted: Thu Dec 21, 2017 12:34 pm
by te_fern
And to finish your sentence Pasta Boss, if you don't mind, 'you'd made a lot of money if you'd shorted it!!'. :D :D :D

Re: 12/21/2017 Live Update

PostPosted: Thu Dec 21, 2017 12:46 pm
by Al_Dente
And its inverse correlation with GLD and GDX seems to be playing out too :shock:

Re: 12/21/2017 Live Update

PostPosted: Thu Dec 21, 2017 12:55 pm
by Trades with cats
So I am on record as saying this whole crypto mania rhymes a lot with dotcom mania. I am not purposefully looking for news to confirm my bias but really you just can not make this stuff up.
https://www.marketwatch.com/story/long-island-iced-tea-soars-after-saying-it-will-change-its-focus-to-blockchain-2017-12-21 :lol: :twisted:

Re: 12/21/2017 Live Update

PostPosted: Thu Dec 21, 2017 1:04 pm
by Cobra

Re: 12/21/2017 Live Update

PostPosted: Thu Dec 21, 2017 1:04 pm
by Al_Dente
Trades with cats wrote:So I am on record as saying this whole crypto mania rhymes a lot with dotcom mania. I am not purposefully looking for news to confirm my bias but really you just can not make this stuff up.
https://www.marketwatch.com/story/long-island-iced-tea-soars-after-saying-it-will-change-its-focus-to-blockchain-2017-12-21 :lol: :twisted:

incredible
"Here Are The Latest Stocks Joining The Bitcoin Frenzy"
https://www.investors.com/news/e-trade- ... yptr=yahoo

Re: 12/21/2017 Live Update

PostPosted: Thu Dec 21, 2017 1:05 pm
by Cobra
the pullback will be bought.

Re: 12/21/2017 Live Update

PostPosted: Thu Dec 21, 2017 1:15 pm
by Al_Dente
Short term, NOT INTRADAY
TNA and NUGT 15min
1221st tna nugt.png.png

Re: 12/21/2017 Live Update

PostPosted: Thu Dec 21, 2017 1:32 pm
by te_fern
Al_Dente wrote:Short term, NOT INTRADAY
TNA and NUGT 15min
1221st tna nugt.png.png


A little frustrating to be knocked out of TNA!! :D

Re: 12/21/2017 Live Update

PostPosted: Thu Dec 21, 2017 1:34 pm
by Al_Dente
Sure winners are/will be the brokerage firms that allow all bitcoin trading and get tons of commish
Fidelity, AMTD, ETFC and others
$XBD
IAI (all broker/dealer ETF)

Re: 12/21/2017 Live Update

PostPosted: Thu Dec 21, 2017 1:34 pm
by Al_Dente
te_fern wrote:
Al_Dente wrote:Short term, NOT INTRADAY
TNA and NUGT 15min
1221st tna nugt.png.png


A little frustrating to be knocked out of TNA!! :D

intraday vs swing

Re: 12/21/2017 Live Update

PostPosted: Thu Dec 21, 2017 1:42 pm
by Al_Dente
VIX up
SPY up
where's fehro?

Re: 12/21/2017 Live Update

PostPosted: Thu Dec 21, 2017 1:47 pm
by te_fern
Al_Dente wrote:
te_fern wrote:
Al_Dente wrote:Short term, NOT INTRADAY
TNA and NUGT 15min
1221st tna nugt.png.png


A little frustrating to be knocked out of TNA!! :D

intraday vs swing


So, do you use different stop loss points depending on intraday vs. swing? Thanks, Boss!

Re: 12/21/2017 Live Update

PostPosted: Thu Dec 21, 2017 1:50 pm
by Al_Dente
Jefferies gives employees a choice to receive bonuses now or next year
[bloomb]

Re: 12/21/2017 Live Update

PostPosted: Thu Dec 21, 2017 1:58 pm
by Al_Dente
te_fern wrote:So, do you use different stop loss points depending on intraday vs. swing? Thanks, Boss!

All I want is HIGHER LOWS boss
The higher low SWING STOP on TNA is in the 70.20 zone
Problem is TNA is notorious for overshooting and undershooting… so… grain of salt…

Re: 12/21/2017 Live Update

PostPosted: Thu Dec 21, 2017 2:03 pm
by te_fern
Al_Dente wrote:
te_fern wrote:So, do you use different stop loss points depending on intraday vs. swing? Thanks, Boss!

All I want is HIGHER LOWS boss
The higher low SWING STOP on TNA is in the 70.20 zone
Problem is TNA is notorious for overshooting and undershooting… so… grain of salt…


Gotcha, the life of a trader!! :D

Re: 12/21/2017 Live Update

PostPosted: Thu Dec 21, 2017 2:20 pm
by Al_Dente
Here’s what I mean boss
Pinks are swing stops
Overshoots and undershoots are TRAPS. Once traders realize it’s a trap they scramble to reverse or at least close out and await better opportunity.
That’s just me boss; everybody is different, with different timeframes. This is swing, 15 min

1221swing2.png.png