Investing

The Short-Term Trading Thread

  • Last Updated:
  • Oct 19th, 2018 3:04 pm
[OP]
Deal Addict
Nov 6, 2015
1078 posts
781 upvotes
Oakville
Good morning!
Futures could not sustain over 2770 and sold off overnight, nice call @dlhunter
We bottomed at daily 8EMA so far, could get another leg up as long as it holds.
2750 is the level to watch, bullish above, bearish below.
Evil scenario -> we stay between 2750-2785 into quad witching next Friday.

Covered NG shorts @ 2.90 (+0.09)
Started long position in Cocoa @ 2275, 50% size.
Sugar and soybeans putting in hourly reversal bars, holding longs
[OP]
Deal Addict
Nov 6, 2015
1078 posts
781 upvotes
Oakville
Run cocoa run! Got lucky, may have nailed the low there..

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Deal Addict
Mar 22, 2010
1834 posts
296 upvotes
arvind84 wrote:
Jun 8th, 2018 9:02 am
Run cocoa run! Got lucky, may have nailed the low there..
You are like those traders back in 1500's when they traded spices, sugar and furs from continent to continent by ocean. It's fascinating how you trade commodities in futures now.
[OP]
Deal Addict
Nov 6, 2015
1078 posts
781 upvotes
Oakville
rapashoo wrote:
Jun 8th, 2018 9:11 am
You are like those traders back in 1500's when they traded spices, sugar and furs from continent to continent by ocean. It's fascinating how you trade commodities in futures now.
LOL, amazing how things have changed in 500 years right? Now anyone can trade anything without actually knowing much about the underlying.
And all while sitting in pajamas to boot :)
I've been waiting patiently for all these soft commodities to get into my buy zone and the time has come imo.
Loading up on the corresponding ETFs in my LT account.

Edit: Scalp long GC 1302, stop 1299. Holding above VWAP and hourly MAs
Edit2: Added to ZS @ 975. 66% size now
Deal Addict
Mar 22, 2010
1834 posts
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If we close NQ daily green, it's bullish hammer and daily I am pretty confident that it's bull flagging. (Yeah I know pretty bull biased... my only hedge will be UVXY calls lol)

Edit: liquidated TAP. Might be premature but in need of fund for something else. 61.01 to 63.30.
[OP]
Deal Addict
Nov 6, 2015
1078 posts
781 upvotes
Oakville
rapashoo wrote:
Jun 8th, 2018 10:23 am
If we close NQ daily green, it's bullish hammer and daily I am pretty confident that it's bull flagging. (Yeah I know pretty bull biased... my only hedge will be UVXY calls lol)
I agree, one more leg up is probable and would show negative divergence.
Cocoa in beast mode, I think the low is in. Same with sugar if we close above 12.05.
Stops on both set to BE+, free ride.
Last edited by margincall on Jun 8th, 2018 10:59 am, edited 1 time in total.
Deal Addict
Mar 22, 2010
1834 posts
296 upvotes
jerryhung wrote:
Jun 8th, 2018 10:58 am
China names going nuts, +8% on ???? nothing
IQ
HUYA
Trade war issues being eased. That's what it is.
[OP]
Deal Addict
Nov 6, 2015
1078 posts
781 upvotes
Oakville
ES challenging 2769.75 for the 4th time, matter of time before we push through imo

CL rejected at daily 8EMA, key time. Bulls want to see a higher low. I'm leaning lower into 62s next week.

I'm done for the day, have a great weekend all!
[OP]
Deal Addict
Nov 6, 2015
1078 posts
781 upvotes
Oakville
Sugar joining the party, will look to add size next week on a pullback.

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Deal Addict
Jun 27, 2007
3890 posts
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if 2780 resistance holds, expecting quick trip to 2735-2740
otherwise, 2790 and 2805 are next targets
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
1078 posts
781 upvotes
Oakville
Closed GC scalp @ 1303 for a scratch. Stayed in a 2 buck range all day, wow.
ES closing right at resistance to keep everyone guessing, let's see what the G-7 delivers.
[OP]
Deal Addict
Nov 6, 2015
1078 posts
781 upvotes
Oakville
Good morning!
Futures are flat after a small dip at yesterday's open. Still expecting 2800 to be hit as long as 2765 holds.
Quad witching this week, range-bound trade is a possibility. Staying on the sidelines for now.

Crude: Moving lower as expected. Breaking last week's low at 64.2 should lead to 62s. Conversely, we can consider the low in on a close back above 66
Natty: Held support at 2.89. We could see 3.05+
Euro: Looking to get long again near 1.17

Cocoa: Looking to add at 2320-2300
Sugar: Looking to add at 12.10-11.95
Soybeans: Holding 50% long, low is not confirmed
Coffee: Looking for a low this week in the 114s to get long

GLTA
Deal Addict
Mar 22, 2010
1834 posts
296 upvotes
Meetings all day. Looks like I am going to miss a good bull day. Previous session NQ closed below open but to me it's pretty much bullish hammer candle and today if we could close above 7163, I am confident that we should get another crack at ATH.
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