TLT fakedown. Still no daily RSI/MACD divergence. In the current
environment, trying to short this could become like trying to be
long gold miners last year.
TLT is finishing wave 3 up, IMO. Given a present bearish
sentiment, it will be a good counter-trend trade but it may come
only in March with a bigger sell-off into lower 1700s. FWIW.
I would sell a flash-crash up like we saw in 10/14. Also, we're
getting back to all-time high levels here & that could well
give a 4th wave. Personally, I've been long so long for macro &
technical reasons (just trading around a core position) that
there's no way I'm going to short it; but I may go flat on a
liquidity event and wait for the next buy set-up.
TLT 15 View
Posted by steve on 10th of Feb 2016 at 10:25 am
TLT - Chart Link
TLT fakedown. Still no daily
Posted by a_l_ on 10th of Feb 2016 at 03:54 pm
TLT fakedown. Still no daily RSI/MACD divergence. In the current environment, trying to short this could become like trying to be long gold miners last year.
As with $XEU, this will
Posted by junkie on 10th of Feb 2016 at 04:03 pm
As with $XEU, this will be likely news driven and concurrent with a bounce in the indices. EMA(9) must give way first.
The more these rallies get
Posted by a_l_ on 10th of Feb 2016 at 04:06 pm
The more these rallies get whacked, the higher the risk of a bigger flush out. Not sure why counter-trend is attractive in these conditions.
TLT is finishing wave 3
Posted by junkie on 10th of Feb 2016 at 04:10 pm
TLT is finishing wave 3 up, IMO. Given a present bearish sentiment, it will be a good counter-trend trade but it may come only in March with a bigger sell-off into lower 1700s. FWIW.
I would sell a flash-crash
Posted by a_l_ on 10th of Feb 2016 at 04:23 pm
I would sell a flash-crash up like we saw in 10/14. Also, we're getting back to all-time high levels here & that could well give a 4th wave. Personally, I've been long so long for macro & technical reasons (just trading around a core position) that there's no way I'm going to short it; but I may go flat on a liquidity event and wait for the next buy set-up.
Weekly
or set a trailing stop
Posted by matt on 10th of Feb 2016 at 04:26 pm
or set a trailing stop at say a little over 50% of that large weekly candle.
anyway nice trade
Thanks, Matt.
Posted by a_l_ on 10th of Feb 2016 at 04:27 pm
Thanks, Matt.