Investing

The Short-Term Trading Thread

  • Last Updated:
  • Oct 13th, 2019 11:16 pm
[OP]
Deal Addict
Nov 6, 2015
1840 posts
1288 upvotes
Oakville
Good morning!
Started swing short ES 2584.5, 50% size
Short CL 51.25

Capture.PNG

Edit: Stopped out of both trades at entry, bullish reversals off 1HR 20EMA
Edit2: Waiting for FOMC minutes at 2 pm
Edit3: Reshort CL 52.35
Edit4: Reshort ES 2592
Edit5: Closed positions for now ES 2591, CL 52.2
Edit6: Short ES 2595
Edit7: out 2590
Last edited by margincall on Jan 9th, 2019 3:14 pm, edited 6 times in total.
Deal Addict
User avatar
May 6, 2010
2615 posts
205 upvotes
Markham
Bought SGH at 23.01. Loves the haircut it got this morning.
Deal Addict
Mar 22, 2010
2226 posts
423 upvotes
/NQ looking somewhat bearish after double top in 2 min and just printed lower low. Initiated shot call on AMZN. 10 delta out.
Deal Addict
Mar 22, 2010
2226 posts
423 upvotes
UVXY getting bids again. Bought back short calls on AMZN (thank you Mackenzie. I know you will be laughing all the way to the bank)

Edit: V-shape recovery from the open. /NQ near daily pivot point. Should've opened short puts when I closed short calls. I thought it was going to fade. Watching a little more.
Deal Addict
Feb 4, 2015
4529 posts
1407 upvotes
Canada, Eh!!
margincall wrote:
Jan 10th, 2019 11:08 am
Upper support holding


bearmkt.jpg
LOL

Where do you get these images from??

Always brings a smile and chuckle, thanks!!
[OP]
Deal Addict
Nov 6, 2015
1840 posts
1288 upvotes
Oakville
georvu wrote:
Jan 10th, 2019 11:14 am
LOL

Where do you get these images from??

Always brings a smile and chuckle, thanks!!
Haha I'm glad you like them Face With Tears Of Joy
Google images + a bunch that trader buddies have sent me over the years
Watching price action isn't the most exciting job lol, gotta keep myself entertained
[OP]
Deal Addict
Nov 6, 2015
1840 posts
1288 upvotes
Oakville
Ideal path -> same lines, just zoomed in
Above 2596 -> 2607-2629
I give bears 60/40 odds, waiting for now

Capture.PNG

Edit: Short ES 2588.5. Got the TL hit on negative divergence (5m). Stop 96 for now, will tighten up
Edit2: Perfect spike reversal, bears must capitalize. Stop tightened to 2590.75
Edit3: Weak...out 2587.
Edit4: Snoozefest...waiting for a break of 2596 or 2570
Last edited by margincall on Jan 10th, 2019 1:02 pm, edited 1 time in total.
Deal Addict
Feb 4, 2015
4529 posts
1407 upvotes
Canada, Eh!!
I heard it!! I heard it!!

JP said "flexibility"!!

Giddy up!!

Now my SQQQ purchase and NFLX/FB puts might be wrong LT but ST still expect some downswing, still net long!!

************************

Did I use too many "!!" above??
[OP]
Deal Addict
Nov 6, 2015
1840 posts
1288 upvotes
Oakville
georvu wrote:
Jan 10th, 2019 12:53 pm
I heard it!! I heard it!!

JP said "flexibility"!!

Giddy up!!
He should just give us his SPX target and save everyone a lot of time.
Why waste time beating around the bush when it's clear that asset prices DO matter to the Fed, regardless of what they say.

Edit: Shorted ES 2581, stop 2594. Got faked out 2 days in a row :facepalm: Hopefully, 3rd time's the charm
[OP]
Deal Addict
Nov 6, 2015
1840 posts
1288 upvotes
Oakville
MrMom wrote:
Jan 10th, 2019 1:43 pm
@margincall, Powell is working for you. Shrinking the balance sheet
Well that lasted all of 10 minutesConfused Face
Bailed at 2585 (-4)
Looks like the market wants to tag 2600+

Edit: Long ES 2590, stop 2587. Let's try the other way
Edit2: Out 2591. That better not have been a stop run...
Edit3: Calling it a day, GL all!

1j4d4k.jpg
[OP]
Deal Addict
Nov 6, 2015
1840 posts
1288 upvotes
Oakville
Good morning!
Overnight action muted, still stuck in the range 2570-95
Yesterday's low is now key support, reversal should confirm under 2560
If the range breaks to the upside -> 2605-25

snoopy-happy-friday-clipart-1.jpg

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