I hope that quite a few here choose to lock in some ample gains
either pre market or after the cash open on that SPY bear long.
150 point moves on ES in 5 min is something way way out of
standard deviation. The system is a daily system and it's not going
to be able to react to intra day moves like that - should be common
sense, the daily systems are not built to react to things like that
in the morning.
I was super busy exiting as many of my longs as possible pre
market and after the open, I didn't get a chance to email something
out about the systems but hopefully some of you elected to do
so anyway on such a far out of the norm move
Matt, I am still holding my SPY put based on your 60 stochastic
short. Could you please keep updating us on the progress of that
trade in TS? For me 4100 on /ESZ22 is the line in the sand for the
bull and bear case. If we cannot close above 4100, we have a
double top.
some may have stopped out there with a hard stop - if not,
though, one could decide now what to do with it. The daily system
isn't changing anything so if the market were to go back to a high,
that 60 Stoch would still stay short. So best to now imply some
sort of stop to not allow that just in case - but nice job
not stopping out there, with the reversal -so you can breath easier
on it now, but some sort of stop in place now makes sense
Posted by fredsaid on 13th of Dec 2022 at 11:50 am
The range is unbelievable ! Looks like they want to see
Red today on the indices before the bounce. I added to my
March shorts this morning but also bought some longs on the way
down ... my longs are taking a beating now.
SPY bear long
Posted by matt on 13th of Dec 2022 at 11:22 am
I hope that quite a few here choose to lock in some ample gains either pre market or after the cash open on that SPY bear long. 150 point moves on ES in 5 min is something way way out of standard deviation. The system is a daily system and it's not going to be able to react to intra day moves like that - should be common sense, the daily systems are not built to react to things like that in the morning.
I was super busy exiting as many of my longs as possible pre market and after the open, I didn't get a chance to email something out about the systems but hopefully some of you elected to do so anyway on such a far out of the norm move
Matt, I am still holding
Posted by junkie on 13th of Dec 2022 at 12:07 pm
Matt, I am still holding my SPY put based on your 60 stochastic short. Could you please keep updating us on the progress of that trade in TS? For me 4100 on /ESZ22 is the line in the sand for the bull and bear case. If we cannot close above 4100, we have a double top.
yeah will do man for
Posted by matt on 13th of Dec 2022 at 12:27 pm
yeah will do man for sure.
some may have stopped out there with a hard stop - if not, though, one could decide now what to do with it. The daily system isn't changing anything so if the market were to go back to a high, that 60 Stoch would still stay short. So best to now imply some sort of stop to not allow that just in case - but nice job not stopping out there, with the reversal -so you can breath easier on it now, but some sort of stop in place now makes sense
Matt, I see a high-position
Posted by junkie on 13th of Dec 2022 at 12:34 pm
Matt, I see a high-position size selling today (shown in blue) indicative of professional selling. It is the opposite of A moves on your charts, FWIW.
thanks, I think I have
Posted by matt on 13th of Dec 2022 at 12:37 pm
thanks, I think I have that setting still in that indicator I use for the A's but it's turned off. I'll have to look at it again.
We have got a gap
Posted by junkie on 13th of Dec 2022 at 12:20 pm
We have got a gap fill on /ES. This is bearish almost confirming a double top, IMO
The range is unbelievable !
Posted by fredsaid on 13th of Dec 2022 at 11:50 am
The range is unbelievable ! Looks like they want to see Red today on the indices before the bounce. I added to my March shorts this morning but also bought some longs on the way down ... my longs are taking a beating now.
This day is truly nutso
Posted by timebandit on 13th of Dec 2022 at 12:20 pm
This day is truly nutso
a santa claus rug pull,
Posted by morton7 on 13th of Dec 2022 at 12:23 pm
a santa claus rug pull, lol
An intraday Xmas Tree formation!
Posted by crossharry on 13th of Dec 2022 at 12:25 pm
An intraday Xmas Tree formation!