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  • #1,501
  • May 8, 2020 7:09am May 8, 2020 7:09am
Maybe you can see whats keeping me short, something I've been testing, may or may not and I might have to cover, chart showing a negative bias, still holding, D
Attached Image (click to enlarge)
Click to Enlarge Name: Dowchart.png Size: 33 KB
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,502
  • Edited 7:34am May 8, 2020 7:19am | Edited 7:34am
Quoting detector
{quote} Ahh Li, as always, thank you hope all is well with you and your family, as with all on FF, times are challenging in all parts of the world ATM, hope we can get some resolve soon. Decided to dip my toe in, my current sell on the Dow is 23923, indecision changed my long to a short, I had the targets plotted for the long and all hit, only I was short current price, if it breaks down, I have 23350 as a target, was expecting the NFP to quicken the move but the market seems to be digesting the figures, big...
Hope you and your family are well. Hope that Trendline breaks
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persistence and determination alone are omnipotent
  • #1,503
  • Edited 7:44am May 8, 2020 7:29am | Edited 7:44am
Quoting Ll1979
{quote} Hope you and you family are well. Hope that Trendline breaks {image}
I would be careful, Ive closed alot of my positions but judging from earnings I could see another dive being in late q2 despite unemployment on es and dow there might be some movement sterotypical offranging given its friday. But just giving my two cents. I could be wrong on this; obviously not as confident or would be in position but yeah earnings from most large cap wasnt as bad as estimates
rennstimp
  • #1,504
  • May 8, 2020 7:36am May 8, 2020 7:36am
Quoting EF5
{quote} I completely agree. A bottom in this correction or a bear market rally seem indistinguishable at this point. Given how quickly all of this has transpired we might have another leg lower or some sideways action before a sustained uptrend resumes. Several months of gains day after day and then a 1 week correction doesn't feel quite right to me.
mid/late q2 2020 if i had to guess, most companies on conference calls are already noting how may and onwards is gonna be. Who knows when exactly we see some red, but I would be careful with short squeezes in these next few weeks, been burnt on a few myself but got most of it back with ironically my least confident positions (when i opened) only with intentions of hedging risk

Quoting EF5
{quote} Thanks, I'm fine though. My bigger disappointment is probably missing the top of the bull market. I had planned on getting heavily short in advance and that opportunity seems to be gone now. At this point I'm in wait-and-see mode until things become clearer. The room for error is huge right now.
count your blessings, i caught that short but got squeezed for large portion of big returns I got. I dont believe now is the time to make big moves personally, unless you wanted to open a smaller position on weekend gap down which would be well, depending on order perhaps not that risky.
rennstimp
  • #1,505
  • May 8, 2020 10:10am May 8, 2020 10:10am
Things have changed on the chart, new condition on the long side, while not guaranteed I may have to cover the short but price seems a little stalled that could be indecision, as I type an new condition short could be forming and needs to print at the end of the 30min candle, will update soon, D
EDIT
Given it's Friday, we may see a good move if the market falls, searching for direction for the time being, that said rising cannot be ruled out either, only my opinion,
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Click to Enlarge Name: Dowchart2.png Size: 46 KB
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,506
  • May 8, 2020 10:35am May 8, 2020 10:35am
Second condition printed, showing a lack of direction, we may see further whipsawing until this finds its feet, D
EDIT
Looks like a long bias on the chart, other conditions haven't confirmed, will be looking for more confirmation,
Attached Image (click to enlarge)
Click to Enlarge Name: Dowchart3.png Size: 40 KB
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,507
  • May 8, 2020 10:40am May 8, 2020 10:40am
Quoting renNstimpy
{quote} mid/late q2 2020 if i had to guess, most companies on conference calls are already noting how may and onwards is gonna be. Who knows when exactly we see some red, but I would be careful with short squeezes in these next few weeks, been burnt on a few myself but got most of it back with ironically my least confident positions (when i opened) only with intentions of hedging risk {quote} count your blessings, i caught that short but got squeezed for large portion of big returns I got. I dont believe now is the time to make big moves personally,...
Nice to see you too.
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,508
  • May 8, 2020 11:01am May 8, 2020 11:01am
Taking shape or fake???
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,509
  • May 8, 2020 11:27am May 8, 2020 11:27am
Quoting detector
Taking shape or fake???
Looks like we might see this until the end of play, printed another condition up, will it break or keep as is till the end and make better light next week, we can only but wait, have a good weekend all, thanks for the "likes",D
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,510
  • May 8, 2020 11:29am May 8, 2020 11:29am
Quoting detector
{quote} Looks like we might see this until the end of play, printed another condition up, will it break or keep as is till the end and make better light next week, we can only but wait, have a good weekend all, thanks for the "likes",D
Have a great weekend champ! Hope to see you soon!
persistence and determination alone are omnipotent
  • #1,511
  • May 8, 2020 11:44am May 8, 2020 11:44am
Quoting Ll1979
{quote} Have a great weekend champ! Hope to see you soon!
You too my friend, catch up soon
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,512
  • May 10, 2020 3:32pm May 10, 2020 3:32pm
Hello all, hope you had a good weekend, resumed my short Dow 24334 and speculative short WTI 27.50 will monitor from here, D
EDIT
Target Dow 23363, target WTI 20
could be and have been wrong
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,513
  • May 10, 2020 8:13pm May 10, 2020 8:13pm
Quoting detector
Hello all, hope you had a good weekend, resumed my short Dow 24334 and speculative short WTI 27.50 will monitor from here, D EDIT Target Dow 23363, target WTI 20 could be and have been wrong
Welcome back!!
Self-sufficiency is the greatest of all wealth. - Epicurus
  • #1,514
  • May 10, 2020 11:20pm May 10, 2020 11:20pm
Quoting EF5
{quote} Welcome back!!
Thanks EF5, hope your well and keeping safe, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,515
  • May 11, 2020 5:27am May 11, 2020 5:27am
Seems WTI has spiked up, still holding short with same target, Dow short is near last weeks entry, figuring we may have seen this same reaction and price should the weekend not have stalled things, still holding and same target, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,516
  • May 11, 2020 6:05am May 11, 2020 6:05am
Quoting detector
Seems WTI has spiked up, still holding short with same target, Dow short is near last weeks entry, figuring we may have seen this same reaction and price should the weekend not have stalled things, still holding and same target, D
For now it still rejects the 25,3x area on 4H
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persistence and determination alone are omnipotent
  • #1,517
  • May 11, 2020 6:16am May 11, 2020 6:16am
Quoting Ll1979
{quote} For now it still rejects the 25,3x area on 4H {image}
Nice one Li, although this could go anywhere, it's been too linear from the negative position, doubled in fact from previous contract, with reinfection looming to halt any possible uptick, there must still be a stockpile with no where to go, while adding all the time, we can only but wait and see, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,518
  • May 11, 2020 6:20am May 11, 2020 6:20am
Quoting detector
{quote} Nice one Li, although this could go anywhere, it's been too linear from the negative position, doubled in fact from previous contract, with reinfection looming to halt any possible uptick, there must still be a stockpile with no where to go, while adding all the time, we can only but wait and see, D
expecting some downwards pressure near settlement. For now still on the sideline.
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Click to Enlarge Name: Image1.png Size: 33 KB
persistence and determination alone are omnipotent
  • #1,519
  • May 11, 2020 6:24am May 11, 2020 6:24am
I took the trend line above the highs on the Dow, looks like my entry last week was a little early, got back in early morning, looking for the down pressure to carry.
Attached Image (click to enlarge)
Click to Enlarge Name: Dowchart4.png Size: 30 KB
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,520
  • May 11, 2020 6:39am May 11, 2020 6:39am
Quoting detector
I took the trend line above the highs on the Dow, looks like my entry last week was a little early, got back in early morning, looking for the down pressure to carry. {image}
Keep moving that SL into profit area you'll never know with the FED.
persistence and determination alone are omnipotent
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