08/31/2015 Live Update

[Unique]

ES hourly bar, 20mins from closing but going for a large Bull Engulf bar so far....looking nice

[Unique]

TSLA, last chance to board the train it seems.

Safety first, my seatbelts are on - should be a quick squeeze if price to 255 once price triggers above 251.

[Unique]

There it goes...
Will take TSLA 25% off when we get to 252-253, up 20% already. No need to be greedy in a hard money day

[Heck]

Two of Three ISE Indices again BEARISH

https://www.ise.com/market-data/isee-index/

[Unique]

There it goes...
Will take TSLA 25% off when we get to 252-253, up 20% already. No need to be greedy in a hard money day

TSLA+GOOGL, moved stop to 10% guaranteed gains now. I do not want to be greedy on a hard money day, since we could still be range bound/bull trap.

[silicon_beaver]

$VIX 1st up in five days.

[Trades with cats]

Pivot Points- Watched a youtube on someones trading style a while ago. They said that when the programmers interviewed the floor traders (to develop computer trading models) they were told the first thing we do is calculate the days pivots. So supposedly pivot points are deep in the code of all the algo systems. They do seem to work as support and resistance for the ES but not so much for the TF. Those are the only indexes I follow.

[Unique]

Pivot Points- Watched a youtube on someones trading style a while ago. They said that when the programmers interviewed the floor traders (to develop computer trading models) they were told the first thing we do is calculate the days pivots. So supposedly pivot points are deep in the code of all the algo systems. They do seem to work as support and resistance for the ES but not so much for the TF. Those are the only indexes I follow.

There's more players in ES and it's more liquid so the prices are more "controlled" in ES than TF.
ES is probably the easiest instrument for a novice to learn from just because of how coordinated it gets...

[Unique]

There it goes...
Will take TSLA 25% off when we get to 252-253, up 20% already. No need to be greedy in a hard money day

TSLA+GOOGL, moved stop to 10% guaranteed gains now. I do not want to be greedy on a hard money day, since we could still be range bound/bull trap.

Sold 50% TSLA calls, +20% gain. Will keep the rest at +10% guaranteed stop.

Sold 50% GOOGL calls, +15% gain. Stop at +10% level

[Unique]

There it goes...
Will take TSLA 25% off when we get to 252-253, up 20% already. No need to be greedy in a hard money day

TSLA+GOOGL, moved stop to 10% guaranteed gains now. I do not want to be greedy on a hard money day, since we could still be range bound/bull trap.

Sold 50% TSLA calls, +20% gain. Will keep the rest at +10% guaranteed stop.

Sold 50% GOOGL calls, +15% gain. Stop at +10% level

All out GOOGL +10%

[Unique]

There it goes...
Will take TSLA 25% off when we get to 252-253, up 20% already. No need to be greedy in a hard money day

TSLA+GOOGL, moved stop to 10% guaranteed gains now. I do not want to be greedy on a hard money day, since we could still be range bound/bull trap.

Sold 50% TSLA calls, +20% gain. Will keep the rest at +10% guaranteed stop.

Sold 50% GOOGL calls, +15% gain. Stop at +10% level

All out GOOGL +10%

All out TSLA, +10% on rest

Done for the day, not bad for a hard money day

[Unique]

As always, TSLA higher high as I head out now. Damn hard money days PTSD...

Good luck all

[fehro]

/CL.. another invs H&S.. crazy target.. $53.. yellow invs H&S more reasonable.. 50d range... $48

[Unique]

/CL.. another invs H&S.. crazy target.. $53.. yellow invs H&S more reasonable.. 50d range... $48

Agree

Last chart for the road,
CL no brainer immediate targets at 46.7 and 48.20.

[Cobra]

vol surge, biggest bar, so maybe another pullback. overall, not good for bears as it's the 3rd test of the morning high.

[fehro]

careful of a wicked short squeeze on CADUSD coming soon...

[fehro]

nearing target /CL

[fehro]

SPX stopped at AM gap.. VXX still holding up.. some one is lying...

[Cobra]

vol surge, biggest bar, so should be another pullback attempt which might be bought.

[Trades with cats]

Just for fun this is the 4th hit on S1 today. Three as resistance, then up to the PP now down to S1 as support. Cobra called the last two in advance (break-out and support).