Posted by retirefire on 11th of Feb 2022 at 04:28 pm
Well I'll admit being biased long prevented me from seeing the
obvious double top and shorting up there. At least I didn't take
any longs today although I'm sure short term bounces where
available. SPX 60 minute
https://schrts.co/hNTkNVGZ Have good W/E
First mistake as a trader is to blame others for YOUR inaction -
simply unacceptable Sydney. I suggest you take time to review
my setups from yesterday and what I was looking for and it was
LOWER. Maybe you were in lockdown once again overseas and
missed my SPX 15 and 30 minute charts yesterday. Grow
up and take responsibility for your own trades and do not assume
that we will be perfect (it's simply not going to
happen).
dude - get it right. We were bullish on the weekend and Monday
(which was a good call) as we got a rally Tuesday and Wednesday
back to the 61.8% Fib and resistance area from the previous week.
From there it needed to follow through and I thought at the time
that the charts had potential to follow through to the next level,
but they did not follow through, and failed to do that on Thursday.
I also specifically said that the 'onus is back on the bulls'
in Thursday's newsletter and that was in writing in the newsletter
and the email.
early in the week we were looking for higher prices (which we
got until Wed). We needed to see follow through from Wednesday to
see that next target area, but prices failed to do that.
The volatility and ranges have been huge - Thursday you had a
great short opportunity intra day all that way down to that lower
range, and today being a Friday in a downtrend there was plenty of
opportunity to short early on as well.
Don't blame missed trades or bias on others. Trading is
difficult enough because of emotion, best to focus on yourself and
not worry about others. Steve and I are far from perfect but we've
done a good job calling this market overall
Well I'll admit being biased
Posted by retirefire on 11th of Feb 2022 at 04:28 pm
Well I'll admit being biased long prevented me from seeing the obvious double top and shorting up there. At least I didn't take any longs today although I'm sure short term bounces where available. SPX 60 minute https://schrts.co/hNTkNVGZ Have good W/E
yeah I think anything goes
Posted by matt on 11th of Feb 2022 at 04:34 pm
yeah I think anything goes next week. If weekend proves its all saber rattling could easily just rally again too.
volatility is the word
Yep, I came into today
Posted by timebandit on 11th of Feb 2022 at 05:47 pm
Yep, I came into today holding IWM calls and SPY puts and made nice profits on both. (granted more on the puts). These intraday swings are crazy
good for you, I didn't
Posted by sydney on 11th of Feb 2022 at 07:35 pm
good for you, I didn't buy puts because both Matt and Steve are biased towards the bull side, so I was scared to short.
First mistake as a trader
Posted by steve on 11th of Feb 2022 at 08:06 pm
First mistake as a trader is to blame others for YOUR inaction - simply unacceptable Sydney. I suggest you take time to review my setups from yesterday and what I was looking for and it was LOWER. Maybe you were in lockdown once again overseas and missed my SPX 15 and 30 minute charts yesterday. Grow up and take responsibility for your own trades and do not assume that we will be perfect (it's simply not going to happen).
Trade your plan.
dude - get it right.
Posted by matt on 11th of Feb 2022 at 07:53 pm
dude - get it right. We were bullish on the weekend and Monday (which was a good call) as we got a rally Tuesday and Wednesday back to the 61.8% Fib and resistance area from the previous week. From there it needed to follow through and I thought at the time that the charts had potential to follow through to the next level, but they did not follow through, and failed to do that on Thursday. I also specifically said that the 'onus is back on the bulls' in Thursday's newsletter and that was in writing in the newsletter and the email.
early in the week we were looking for higher prices (which we got until Wed). We needed to see follow through from Wednesday to see that next target area, but prices failed to do that.
The volatility and ranges have been huge - Thursday you had a great short opportunity intra day all that way down to that lower range, and today being a Friday in a downtrend there was plenty of opportunity to short early on as well.
Don't blame missed trades or bias on others. Trading is difficult enough because of emotion, best to focus on yourself and not worry about others. Steve and I are far from perfect but we've done a good job calling this market overall
Yeah plus OPEX week expecting
Posted by retirefire on 11th of Feb 2022 at 04:36 pm
Yeah plus OPEX week expecting action to continue.