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03-01-2022, 10:05 PM
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#3421
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,624
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It's so weird after I post trades in this forum, a few hours later it says 200+ people are viewing this forum.
Yes, I know...bots and all...but still...that doesn't happen except for off-topic, and most noticeably, this trading sub-forum.
So freakin' weird.
Check out the attached...it's kinda insane....
Last edited by PaceAdvantage; 03-01-2022 at 10:07 PM.
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03-01-2022, 10:33 PM
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#3422
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,624
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Quote:
Originally Posted by ReplayRandall
I need you to tell me the catalyst of this play....I'm not picking on you, just want your thinking here....Thanks.
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After thinking about it more, I should have never covered the short until end of day. One of these days, I'm going to stop getting head-faked in my discretionary trades. The stuff I'm posting here can't be automated easily (by me, anyway), so it's way more susceptible to my emotional failings as a trader.
Today that cost me about 12pts in profit.
Last edited by PaceAdvantage; 03-01-2022 at 10:34 PM.
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03-01-2022, 11:05 PM
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#3423
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Registered User
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,791
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Quote:
Originally Posted by PaceAdvantage
I wonder if the SOTU address will provide a nice shorting opportunity...timing might be right
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If you shorted every day so far this year I wonder how many winning days you’d have. Seems like a lot
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03-02-2022, 01:22 AM
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#3424
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,624
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I don't see anything meaningful setting up tonight...I think the markets will take a breather until the morning, when the ADP number comes out and Powell testifies before Congress.
The Powell testimony of course, will be the most likely of the two to move markets noticeably in either direction.
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03-02-2022, 06:47 AM
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#3425
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by PaceAdvantage
I don't see anything meaningful setting up tonight...I think the markets will take a breather until the morning, when the ADP number comes out and Powell testifies before Congress.
The Powell testimony of course, will be the most likely of the two to move markets noticeably in either direction.
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either direction?
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03-02-2022, 07:08 AM
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#3426
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Markets just playing with us going back and forth at the 4300 level...
Will still have to hold our breath till about 4390 for better days....
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03-02-2022, 09:08 AM
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#3427
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,759
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Quote:
Originally Posted by geroge.burns99
Markets just playing with us going back and forth at the 4300 level...
Will still have to hold our breath till about 4390 for better days....
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i am playing this market for a 40% drop off the top or March 31st, whichever comes first for now.
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03-02-2022, 01:47 PM
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#3428
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by geroge.burns99
Markets just playing with us going back and forth at the 4300 level...
Will still have to hold our breath till about 4390 for better days....
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didn't expect it to get this high already
4394 
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03-02-2022, 03:22 PM
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#3429
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Registered User
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,791
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Market thinks the Fed will chicken out on raising rates.
Market is probably right.
I'm still in the camp of the economy is weaker than most think and once the wheels start coming off economy wise, Rates, Fed, Russia, Oil don't even matter anymore.
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03-02-2022, 03:27 PM
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#3430
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Registered User
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,791
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Quote:
Originally Posted by geroge.burns99
Markets just playing with us going back and forth at the 4300 level...
Will still have to hold our breath till about 4390 for better days....
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I wonder how those bond funds are doing now? You know the ones that were tanking when everyone was saying we would get 9 rate hikes this year? The one I've been piling into is up 9% in 5 days
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03-03-2022, 01:00 AM
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#3431
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,624
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It's looking to me as if 4400 is going to be some serious resistance on the ES tonight...although I don't think the time is right for a short. Also looks like a double top right around the 4400 mark as well, adding to the resistive nature of that number.
4400 is the new line in the sand.
Long term trend is still down, obviously, so I will be looking for a short. Unemployment claims, ISM PMI and more Fed Powell testimony on top for tomorrow morning...
I'm really hoping for an obvious short setup at some point while I am conscious...lol
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03-03-2022, 02:40 AM
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#3432
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Registered User
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,791
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I think a short tomorrow or Friday is very possible
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03-03-2022, 07:35 AM
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#3433
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by PaceAdvantage
It's looking to me as if 4400 is going to be some serious resistance on the ES tonight...although I don't think the time is right for a short. Also looks like a double top right around the 4400 mark as well, adding to the resistive nature of that number.
4400 is the new line in the sand.
Long term trend is still down, obviously, so I will be looking for a short. Unemployment claims, ISM PMI and more Fed Powell testimony on top for tomorrow morning...
I'm really hoping for an obvious short setup at some point while I am conscious...lol
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Hoping to get a close higher than yesterday.....
we might see a sideways movement because of the uncertainly for a while
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03-03-2022, 09:42 AM
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#3434
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,624
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it tried to bust through 4400 just now...got as high as 4418...but is now coming back to 4400 again...interesting....the next few minutes might be a tell...
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03-03-2022, 09:47 AM
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#3435
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by PaceAdvantage
it tried to bust through 4400 just now...got as high as 4418...but is now coming back to 4400 again...interesting....the next few minutes might be a tell...
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yes...at 20 day avg now....higher would be nice
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