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Re: 09/16/2015 Live Update

Posted: Wed Sep 16, 2015 11:01 am
by Unique
Trading psychology snippet:

It’s incredibly important to know when to walk away, this is especially true for even veteran traders because they are so ingrained with their old ways/rulebook.
Obviously, this is also a very complicated problem for new traders to tackle on.

For example, we’ve nailed AMZN on Monday, GOOGL on Tuesday and now TSLA for Wednesday.
It’s crucial to stay discipline when confidence levels are at 200% because positive P&L is one thing.
Keeping your gains is another story, believe me most traders have blown up accounts to learn very basic lessons. I am one of them.
When confidence levels are at sky high, your mind is likely to attempt to overtrade on setups that you would not otherwise. Keep it simple, it is what it is.

I’m done for the day, just trailing some TSLA calls left. Immediate target remains at 259-261. If this is uber bull, then Leg 2 target = 270 which is the gap fill. Good luck everyone! laugh

Re: 09/16/2015 Live Update

Posted: Wed Sep 16, 2015 11:03 am
by fehro

Re: 09/16/2015 Live Update

Posted: Wed Sep 16, 2015 11:04 am
by Cobra
consolidation, bias is up.

Re: 09/16/2015 Live Update

Posted: Wed Sep 16, 2015 11:08 am
by fehro
/CL Energy pushing up the SPX as it makes new HOD... NDX still red by a smidge

Re: 09/16/2015 Live Update

Posted: Wed Sep 16, 2015 11:11 am
by fehro
SPX

Re: 09/16/2015 Live Update

Posted: Wed Sep 16, 2015 11:13 am
by Cobra
rectangle text book target.

Re: 09/16/2015 Live Update

Posted: Wed Sep 16, 2015 11:25 am
by fehro
SPX.. sharp drop in the VIX 1m.. may dabble here with a small short..

Re: 09/16/2015 Live Update

Posted: Wed Sep 16, 2015 11:26 am
by Unique
CL Crude Oil Quick Update: Important close for today's session

Price was a shakefest inside that triangle formation for past couple weeks.
For today, if daily candle can close above 50SMA it bodes well for the daily 200SMA immediate target 52.5~ once we break above 49.33 for a final confirmation.
Remember, this is the first time ABOVE daily 50SMA in 80+ sessions. This is a huge confirmation of bear->bull price momentum shift.

Weekly/monthly wise, if this is 1-2-3 trend change move, we could target as high as 62.58 which is the previous months high.

P.S, Weekly CL candle is still only inside range bar, so bulls need final confirmation in the coming sessions

See chart

Re: 09/16/2015 Live Update

Posted: Wed Sep 16, 2015 11:30 am
by Cobra
target met. this bull may have legs.

Re: 09/16/2015 Live Update

Posted: Wed Sep 16, 2015 11:33 am
by daytradingES
daytradingES wrote:Breakout 1979.25
looks as if this should be taken out
taken out and 1983.75 in the works

Re: 09/16/2015 Live Update

Posted: Wed Sep 16, 2015 11:33 am
by Unique
fehro wrote:ding ding 50d tag USO .... viewtopic.php?f=2&t=1793&p=199589&hilit=uso#p199596
very nice, this shows that CL is doing the typical textbook movement. bodes well for next few sessions..

Re: 09/16/2015 Live Update

Posted: Wed Sep 16, 2015 11:35 am
by fehro
small short SPY here 199.58

Re: 09/16/2015 Live Update

Posted: Wed Sep 16, 2015 12:16 pm
by Unique
ES Update:
I am seeing early signs of the Hourly Extreme Overbought Signal that I mentioned in last night's thread.
Just putting out there, bears still have a chance at 1987-1993 (with minor res at 1982). So far HOD = 1981.

Until then, this is just a classic 1HR 8EMA+20EMA bull train as mentioned earlier this morning. The trend is your friend :P

Re: 09/16/2015 Live Update

Posted: Wed Sep 16, 2015 12:20 pm
by Cobra

Posted: Wed Sep 16, 2015 12:21 pm
by MrMiyagi
spy
spy

Re: 09/16/2015 Live Update

Posted: Wed Sep 16, 2015 12:22 pm
by Unique
Can anyone confirm 1minute TSLA 120k volume 12:19ET. Thanks

Re: 09/16/2015 Live Update

Posted: Wed Sep 16, 2015 12:24 pm
by Unique
Unique wrote:Can anyone confirm 1minute TSLA 120k volume 12:19ET. Thanks
Still unsure if malfunction or algo big buy

Re: 09/16/2015 Live Update

Posted: Wed Sep 16, 2015 12:24 pm
by mozart
this market is got some more upside, I would't touch short position at this time.
Oil is on the run I think fehro was saying that oil is coiling,and is right on the money

Re: 09/16/2015 Live Update

Posted: Wed Sep 16, 2015 12:37 pm
by fehro
/GC gold pushing for the 20d @ 1126.7 > 50d.. M/W/D

Re: 09/16/2015 Live Update

Posted: Wed Sep 16, 2015 12:39 pm
by champix
Unique wrote:
Unique wrote:Can anyone confirm 1minute TSLA 120k volume 12:19ET. Thanks
Still unsure if malfunction or algo big buy
I do not see it on Interactive Brokers.