Investing

The Short-Term Trading Thread

  • Last Updated:
  • Dec 10th, 2018 12:23 pm
[OP]
Deal Addict
Nov 6, 2015
1228 posts
862 upvotes
Oakville
J_u_n_i_o_r_3 wrote:
Jul 5th, 2018 10:56 pm
What puts did you buy?
Ended up going with July13 2695s, plan to cut them loose if/when we clear 2750
[OP]
Deal Addict
Nov 6, 2015
1228 posts
862 upvotes
Oakville
NFP beats and futures pop...
Lower high on ES so far vs ONH, really having trouble getting through this 2745-50 resistance zone
Bulls must push harder or we could see another ugly reversal

Edit: Sold NQ longs @ 7135 (+70), will re-enter if we clear resistance. Holding ES

Edit2: Moment of truth here, bulls must push through 2750
Last edited by margincall on Jul 6th, 2018 10:51 am, edited 1 time in total.
Deal Addict
Jun 27, 2007
4001 posts
903 upvotes
Added ES short 2750
Shorted CL Aug contract 73.5 converting long Sep into calendar. Spread has widened from 6c to 2.4 now.
It's easy to grin when your ship comes in and you've got the stock market beat.
But the man worthwhile is the man who can smile when his shorts are too tight in the seat 😃
[OP]
Deal Addict
Nov 6, 2015
1228 posts
862 upvotes
Oakville
dlhunter wrote:
Jul 6th, 2018 10:54 am
Added ES short 2750
I don't like being on the opposite side of your trades, what do you see that makes you bearish here? Is there a level above which you would change stance?
2715 is my line in the sand for the bullish thesis.

Edit: Order in to exit 1/2 ES longs @ 2756
Edit2: Filled @ 2756 (+52)
Edit3: Bulls are looking good so far, would love to see us close at the highs after some consolidation here
Last edited by margincall on Jul 6th, 2018 12:56 pm, edited 1 time in total.
Deal Addict
Jul 3, 2006
1780 posts
342 upvotes
added BNS and JD earlier ...JD should start going back up...BNS should spike next week if we get a hike maybe couple points
Deal Addict
Jun 3, 2009
4460 posts
677 upvotes
Montreal
J_u_n_i_o_r_3 wrote:
Jul 6th, 2018 12:50 pm
added BNS and JD earlier ...JD should start going back up...BNS should spike next week if we get a hike maybe couple points
I own both but prefer TD among all the banks as it is the best positioned to benefit the most from the rate hikes by the BoC and FED.
[OP]
Deal Addict
Nov 6, 2015
1228 posts
862 upvotes
Oakville
Good job by the bulls today, bullish engulfing weekly candle bodes well for continuation next week.
Have a great weekend all!
[OP]
Deal Addict
Nov 6, 2015
1228 posts
862 upvotes
Oakville
ES: Looking for more upside this week, projection valid as long as above 2730.
GC: We have a divergent low in place, looking for a small pullback to set up IHS before higher
Images
  • esd8jul.png
  • gcdjul8.png
Member
Feb 5, 2017
440 posts
241 upvotes
margincall wrote:
Jul 8th, 2018 11:54 am
ES: Looking for more upside this week, projection valid as long as above 2730.
GC: We have a divergent low in place, looking for a small pullback to set up IHS before higher
do you want me to tell you what I think about graph analysis ??? :P
[OP]
Deal Addict
Nov 6, 2015
1228 posts
862 upvotes
Oakville
Sold remaining ES longs @ 2774 (+70)
We're at the .786 retracement on overbought techs, will reload on a pullback

Edit: Long ZSX18 @ 884
Deal Addict
Jun 27, 2007
4001 posts
903 upvotes
Added last tranche ES short 2777.
Average now 2755. Stop on all 2782 - moved stop 2784 as ticks not confirming new highs.

Bonds turned down, CL spread narrowing and VIX above 13.
Last edited by dlhunter on Jul 9th, 2018 11:25 am, edited 1 time in total.
It's easy to grin when your ship comes in and you've got the stock market beat.
But the man worthwhile is the man who can smile when his shorts are too tight in the seat 😃

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