Investing

The Short-Term Trading Thread

  • Last Updated:
  • Aug 20th, 2018 2:35 pm
[OP]
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Nov 6, 2015
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dlhunter wrote:
Jun 7th, 2018 9:52 am
SPX broke out from 2700-2740 range - this translates into new range 2740-2780 (+40)
expecting reversal right here (2780)
Yes sir, 2780 is also 100% measured move
[OP]
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MrMom wrote:
Jun 7th, 2018 9:54 am
What's your thought behind NG short please? Summer forecast is for hotter, but NG always seems to disappoint those long it. Currently it looks to be in a range, https://invst.ly/7o5z3
Top of the range, and short-term cycles are down into July. Looking for 2.70s once 2.89 goes. Conversely, sustained trade above 3 and I'll bail.
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Jun 27, 2007
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arvind84 wrote:
Jun 7th, 2018 9:38 am
Short NG @ 2.99
isn't NG inventory report coming out today in 25 min?
After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: it never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!
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dlhunter wrote:
Jun 7th, 2018 10:04 am
isn't NG inventory report coming out today in 25 min?
I've been watching the EIA NG release for months, if not longer and the futures rarely reacts with any significance unlike the EIA oil report.
[OP]
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Long SB @ 11.73. Got the pullback to the 0.618, now looking higher into July.

Hourly bearish engulfing candle forming on ES, needs to crack 2770 with gusto
[OP]
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dlhunter wrote:
Jun 7th, 2018 10:04 am
isn't NG inventory report coming out today in 25 min?
92B vs 87B expected, no surprises today.
Stop set to HOD
[OP]
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Bailed on ES short @ 2773 (-5).
I'm somewhat confused with the Dow at HOD and RUT at LOD, staying out for now until the picture clears up.
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arvind84 wrote:
Jun 7th, 2018 11:26 am
Bailed on ES short @ 2773 (-5).
I'm somewhat confused with the Dow at HOD and RUT at LOD, staying out for now until the picture clears up.
RUT overbought and DOW trying to catch up... it's been under performing small caps. Energy, staples and financials helping DOW

Oil put in higher high - it's going higher, going to buy small position around 65.5
After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: it never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!
[OP]
Deal Addict
Nov 6, 2015
1065 posts
773 upvotes
Oakville
dlhunter wrote:
Jun 7th, 2018 11:30 am
RUT overbought and DOW trying to catch up... it's been under performing small caps. Energy, staples and financials helping DOW

Oil put in higher high - it's going higher, going to buy small position around 65.5
Cheeseburgers, toilet paper and smokes...what else does one need Face With Tears Of Joy

I think CL is in a deadcat bounce targeting 66.4-67 with lower lows to come next week.

Edit: ES stabilizing here, long 2771, stop 2768
Edit2: out 2770, no good
Edit3: Long Soybeans (ZSQ8) @ 982, 33% position
Edit4: If ES can clear 2770, looking for 2785-2800 next
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arvind84 wrote:
Jun 7th, 2018 11:34 am
Edit4: If ES can clear 2770, looking for 2785-2800 next
I was so sure it's Fri, I rolled ES first thing in the morning. Darn, it's Thu :facepalm:
Anyway, I am on U8 contract today, looking for lower prices ~ 2759 /U8
After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: it never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!
[OP]
Deal Addict
Nov 6, 2015
1065 posts
773 upvotes
Oakville
dlhunter wrote:
Jun 7th, 2018 3:02 pm
I was so sure it's Fri, I rolled ES first thing in the morning. Darn, it's Thu :facepalm:
Anyway, I am on U8 contract today, looking for lower prices ~ 2759 /U8
Technically you did the right thing, today is 'rollover day' :) I always get lazy and wait until the last minute.
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Feb 4, 2015
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Canada, Eh!!
Sold some JD $40 Jul calls yesterday, bought back today.

Not sure if have done this rinse repeat within a day before... hopefully second buy as profitable as first :)
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might be good idea to buy some calls on spy or something going into next weeks North Korea summit..any positive news can be good for market
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arvind84 wrote:
Jun 7th, 2018 11:34 am
Cheeseburgers, toilet paper and smokes...what else does one need Face With Tears Of Joy

I think CL is in a deadcat bounce targeting 66.4-67 with lower lows to come next week.

Edit: ES stabilizing here, long 2771, stop 2768
Edit2: out 2770, no good
Edit3: Long Soybeans (ZSQ8) @ 982, 33% position
Edit4: If ES can clear 2770, looking for 2785-2800 next
Sounds like a good episode from the Trailer Park Boys :D

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