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Re: 06/26/2013 Live Update
Posted: Wed Jun 26, 2013 3:00 pm
by ALdaytrade
Unique wrote:ALdaytrade wrote:I thought we were going down, today at the end of today, as we are at 20 ma support for $VIX. Also on my fast sto setting K% is at 3.14. So, there is no where else to go for $VIX, except up??? Plus $VIX has not touched the 5ma for the second day now, so tomorrow, tomorrow it should be up to above the 5ma.
This happens quite frequently.
After making some good money, I should take a day off instead of thinking I know what is happening. Down for the day, on my account...
Here's a rule of mine, if made good money in the morning then either take the rest of day off or trade smaller position in the afternoon to ensure a green day. Good luck
Yes, that is a great rule to add to my many rules. I will be fine. "There is no crying in day trading!" Thank you.
Posted: Wed Jun 26, 2013 3:01 pm
by MrMiyagi
!!!!! POWER HOUR !!!!!
Re: 06/26/2013 Live Update
Posted: Wed Jun 26, 2013 3:02 pm
by Unique
Unique wrote:Unique wrote:Unique wrote:ES Update
Yesterday, it took until 3pm to get an hourly close above 1580.25 to finally confirm the bull side. Hopefully today we don't have to wait as long - too boring
Looks like today is another pretty clear support vs resistance day. If back-test the 1596 becomes a failure then bears should their next leg down assault, vice versa
Hourly did not close above the resistance. Patience game again
Hourly just closed above resistance by 1 tick
Hourly ES looking real good bulls
LET ME HEAR YA SQUEEZEEEEEEE
Re: 06/26/2013 Live Update
Posted: Wed Jun 26, 2013 3:02 pm
by Cobra
first target met.
Re: 06/26/2013 Live Update
Posted: Wed Jun 26, 2013 3:05 pm
by ALdaytrade
Unique wrote:Unique wrote:Unique wrote:Unique wrote:ES Update
Yesterday, it took until 3pm to get an hourly close above 1580.25 to finally confirm the bull side. Hopefully today we don't have to wait as long - too boring
Looks like today is another pretty clear support vs resistance day. If back-test the 1596 becomes a failure then bears should their next leg down assault, vice versa
Hourly did not close above the resistance. Patience game again
Hourly just closed above resistance by 1 tick
Hourly ES looking real good bulls
LET ME HEAR YA SQUEEZEEEEEEE
LOOK AGAIN !
Re: 06/26/2013 Live Update
Posted: Wed Jun 26, 2013 3:08 pm
by BullBear52x
someone stop me why I should not sell at 1602.25 on /ES
161.8% fib extensions, this level comes in golden color.
Re: 06/26/2013 Live Update
Posted: Wed Jun 26, 2013 3:08 pm
by Cobra
Posted: Wed Jun 26, 2013 3:10 pm
by MrMiyagi
Cobra,
I assume that the 2nd target is still open?
Re: 06/26/2013 Live Update
Posted: Wed Jun 26, 2013 3:11 pm
by joegamma
BB: seems like a sell, spy60minut now at 377ma....
Any option gurus in the room?
Looking at what seems huge skew in Iwm put iv vs call iv....evidently I am not the only I/T put buyer on this (?corrective?) rally ......
Re: 06/26/2013 Live Update
Posted: Wed Jun 26, 2013 3:12 pm
by Cobra
don't know the volume surge 2 bars ago means anything. wait.
Re: 06/26/2013 Live Update
Posted: Wed Jun 26, 2013 3:13 pm
by BullBear52x
joegamma wrote:BB: seems like a sell, spy60minut now at 377ma....
Any option gurus in the room?
Looking at what seems huge skew in Iwm put iv vs call iv....evidently I am not the only I/T put buyer on this (?corrective?) rally ......
Hourly on RSI is now forming a Neg D.
it's ripe but know when to fold.
Re:
Posted: Wed Jun 26, 2013 3:14 pm
by Cobra
MrMiyagi wrote:Cobra,
I assume that the 2nd target is still open?
yes. but need some imaginations to reach today I guess.
Posted: Wed Jun 26, 2013 3:16 pm
by MrMiyagi
Lacker says QE cutting reaction on Markets may have been premature, like a teenager. That might have been the bump a few minutes ago.
No full text yet.
Re:
Posted: Wed Jun 26, 2013 3:17 pm
by Ed02
MrMiyagi wrote:Cobra,
I assume that the 2nd target is still open?
Mr. M, do you still have a P-Bar pointing at 160.58 open?
Re:
Posted: Wed Jun 26, 2013 3:18 pm
by Al_Dente
MrMiyagi wrote:Lacker says QE cutting reaction on Markets may have been premature, like a teenager. That might have been the bump a few minutes ago.
No full text yet.
THANK YOU
Re: 06/26/2013 Live Update
Posted: Wed Jun 26, 2013 3:23 pm
by Unique
Hopefully tomorrow is not ANOTHER wait for 3:00-3:30pm type of day again... getting boring
Re: 06/26/2013 Live Update
Posted: Wed Jun 26, 2013 3:27 pm
by BlackThought
BullBear52x wrote:someone stop me why I should not sell at 1602.25 on /ES
161.8% fib extensions, this level comes in golden color.
I bought some SPY put spreads at 160.4x. Planning to buy more if it reaches the 160.80-161.30 area.
Posted: Wed Jun 26, 2013 3:28 pm
by MrMiyagi
Ed02 wrote:Mr. M, do you still have a P-Bar pointing at 160.58 open?
Yes, 160.57$ followed by 161.25$, thank you for reminding me of those two
Re: 06/26/2013 Live Update
Posted: Wed Jun 26, 2013 3:29 pm
by Cobra
Re: 06/26/2013 Live Update
Posted: Wed Jun 26, 2013 3:41 pm
by Cobra
so far hold very well, close high of the day is possible.