this wedge should be affected by todays 10yr UST auction which
should go more or less ok, but not to rescue this market. It's
tomorrow's 30yr auction that should be a mess. dealers don't want
the inventory, so that should push TLT down to your lower wedge.
should be an interesting opportunity. I will be focusing on
shorting 'in' and/or 'at' the money puts (weeklies) late
thursday or early friday morning, so i'm very interested in
this discussion.
good trading.
Yep hazbin1 - Steve and I both avoided buying it yesterday
before the auction, however I took some yesterday late afternoon,
not a big position, more of a starter i.e. scaled into some - then
of course it gaps out today - that's how these type of patterns can
work though, price gaps out of them vs a nice easy move through the
pattern, that's why I scaled into some, but I didn't have as much
as I wanted of course.
I will now watch it, if symmetry is broken I will buy the next
pullback higher low
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TLT 30 min
Posted by matt on 13th of May 2015 at 11:43 am
TLT - Chart Link - one possibility Steve and I are monitoring
monitoring TLT closely
Posted by hazbin1 on 13th of May 2015 at 12:24 pm
this wedge should be affected by todays 10yr UST auction which should go more or less ok, but not to rescue this market. It's tomorrow's 30yr auction that should be a mess. dealers don't want the inventory, so that should push TLT down to your lower wedge. should be an interesting opportunity. I will be focusing on shorting 'in' and/or 'at' the money puts (weeklies) late thursday or early friday morning, so i'm very interested in this discussion.
good trading.
TLT update
Posted by hazbin1 on 15th of May 2015 at 10:25 am
sadly i got piggy, not by much, but enough to miss the trade after the results of the 30yr auction yesterday afternoon.
on to the next. good trading.
Stocks may be entering into the euphoric phase: bearishness
Posted by matt on 15th of May 2015 at 11:12 am
Yep hazbin1 - Steve and I both avoided buying it yesterday before the auction, however I took some yesterday late afternoon, not a big position, more of a starter i.e. scaled into some - then of course it gaps out today - that's how these type of patterns can work though, price gaps out of them vs a nice easy move through the pattern, that's why I scaled into some, but I didn't have as much as I wanted of course.
I will now watch it, if symmetry is broken I will buy the next pullback higher low