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rally more likely later today imo
cut the rest of my longs …this bounce may run out of steam in the 1980-90 area and the seasonals look horrible for this week.
surprised the precious metals are not seeing a bigger bounce ..yet
took off more long , as I’d rather not have the hassle . small position left to run into next week.
just post what I see paps….mostly garbage ! the futures low was 1954 , so that remains lis for now . below 1937 and bears are in clover , but I don’t want to run longs that far , hence my stop. only thing that bugs me is the seasonal weakness, so if I see a chance to close half my long for a few , I’ll do so before running the rest
cut half for +7 , stop on the rest at 1952 which would give a small loss. hopefully we don’t see the stop before well over 2020 , but happy either way now
just post what I see paps….mostly garbage !
the futures low was 1954 , so that remains lis for now . below 1937 and bears are in clover , but I don’t want to run longs that far , hence my stop.
only thing that bugs me is the seasonal weakness, so if I see a chance to close half my long for a few , I’ll do so before running the rest
getting a bit long this morning , stop below 1954.
looks like a backtest of the rising trendline , until it’s not . If the 1950’s hold , nice rally ahead . If not , I might join you short
>2% gap down again . another test for the system…
within 2pts of the fill & closed 90% of longs – system does it again for 50+pts ..lol
hopefully get an 8-10 pts overthrow to get short into
Nice to see you got your KTS signal K – my trin signals suggesting that this gets sold for a low below this weeks ….& so the yo-yo goes on…target could be well south , but not get ahead of ourselves
>2% gap down again . another test for the system…
stats chalk up another success on filling a >2% gap .
a fill within 2-4 days is a 20% occurrence , the vast majority filling the same day . the outlier is a non-fill for months …happened once in the last 20+ yrs.
good for 100pts this time , so very happy with that.
back to the old fashioned way of trading now & be nice if we saw a 40-50pt pullback by early next week , before further highs . ie whip the bulls , then the bears ….
hope I don’t see another one of those for a while . had some stops taken on part of my longs, survived the remainder . That’s electronic trading for you….
shame I closed my shorts last week !
it remains to be seen whether the record of gap fills >2% remains . If so, we see 1970 in a day or two , hard though that may be to believe.
I doubt the huge swings are over , so position size is everything
now 1896 , so adding
history of >2% gap down markets suggest they fill rapidly, but who knows in a crash …
1890 spx by preference
You can’t complain K , the last 5 months have been the most incredible for day trading that I’ve ever participated in . I shudder to think what you’ve been up to- hopefully enjoying the rewards…! 2040-2130 & 1980-2180 are my narrow & wider ranges. Breaking the wider range will determine direction for the 6-12 months and trying to stay ambivalent as to direction. Should see a -7 today from somewhere , but next cit window is Friday/Monday . Post opex weeks have been weak lately . Hope that ties in with MS/KTS style trigger…!
& the post opex week was weak again…rare for the following week to be down too, so closing off shorts here . might try a small long if we see 2085 or even 2082 into the close
no-one here , but what the hell…took off longs & reversing short around 2107/2110.
still hoping they give us new highs later in august , but after another dip perhaps…adios til then
You can’t complain K , the last 5 months have been the most incredible for day trading that I’ve ever participated in . I shudder to think what you’ve been up to- hopefully enjoying the rewards…! 2040-2130 & 1980-2180 are my narrow & wider ranges. Breaking the wider range will determine direction for the 6-12 months and trying to stay ambivalent as to direction. Should see a -7 today from somewhere , but next cit window is Friday/Monday . Post opex weeks have been weak lately . Hope that ties in with MS/KTS style trigger…!
& the post opex week was weak again…rare for the following week to be down too, so closing off shorts here . might try a small long if we see 2085 or even 2082 into the close
You can’t complain K , the last 5 months have been the most incredible for day trading that I’ve ever participated in . I shudder to think what you’ve been up to- hopefully enjoying the rewards…!
2040-2130 & 1980-2180 are my narrow & wider ranges. Breaking the wider range will determine direction for the 6-12 months and trying to stay ambivalent as to direction.
Should see a -7 today from somewhere , but next cit window is Friday/Monday . Post opex weeks have been weak lately . Hope that ties in with MS/KTS style trigger…!
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