Good day today. Didn't calculate exact profits, but had 100% winning trades.
3:57
sold rest of sso at 37.58
3:49
TRADE: TZA swing 11.91
actually.... i'll take a very small tza swing/// 11.91. why? because tza looks like it will close higher than, or at least close to, yesterday's tza high, among other factors.
3:47
this is close to a tza swing setup, surprisingly tza ended up at the 1190 area that i was looking for this morn... but because tomorrow is low vol, i'll wait to initate a new swing.
342
looks like selling into close in spx...close under 1105
340
3754 sso stop .47 is an aggressive trade but could work....i'll pass
339
spx back at 1105...this should determine if the close is up or down...as earlier...over 1105 bull, under 1105 bear
331
obligated to sell all sso except last 25% here at .58...somethings not right... sso 3745 possible down here
326
another crouching
tiger is forming, but incomplete, and
also into the close everything is less
accurate
314
if 1105 doesnt
hold here, i will sell all sso except last 25% which i will keep until close. smaller positions, i would take the 3758... i expecct spx to hold and give a bounce up here....spx last 1105.60
spx getting tired...the next bounce might be it for today
313
the spx could form an inv HS in 60min...mini one from last 3 days...half constructed, speculative
255
the ES is following closely the 7:39am chart roadmap from this morn... move up, with lower rsi and macd. although ES didnt make 1112 as suggested this morn...
243
looking for short swing entry but no setup yet. we should get one after spx finishes this business on the upside.
241
intraday charts say spx still has unfinished business on the upside. last 1105
237
sso overshoot would be 3821. don't know how high it will go, if any higher. just ride the wave till it crashes
2:48
if sso hurdles .63 then .77, .88, then 3803, 3821
231
conserv traders would sell here at .55 or tighten stops....spx at resistance here...but i'll hold cuz if res breaks we should get another pop
229
tick chart sso suggests 3786 target
2:28
if sso hurdles .63 then .77, .88, then 3803, 3821
2:26
sso 3805? test high? idk
2:25
got .56 and .57 for that piece.... still have half sso
2:23
grr hit 3756...one cent miss
214
spx should push at least lil higher in next 10min
212
limit 3757 not 3763
2:08
large sso would sell some here at .47, save some for higher....smaller might sell half and keep half stop .27ish ... still have .63 lim order in
2:01pm
widening stops, setting hard in sso, in case of volatility here.
1:57
if not stopped out... still have the limit sell 25% sso 37.63 if able, from 3731... for example, profit would be $300 on 1000 shrs... 600 on 2k, etc. although...this trade is getting old...
137
spx 3min bull inv HS, hull 15min bull flag, coil in the 60.... could go either way...charts suggest at least a pop up,,,idk how high, if at all... 15min bull stoch rsi 15min
1:33
3756 sso next target
1:28
spx backtested this coil twice...slowing it down...did not expect this....
1:27
we've got bull diverg in the spx now...intraday only for scalps. spx last 1103
1:20
ok the .41 stop triggered...filled at .44
1:15
raising stop on 25% ssso to 3741...only 10 cents but scalping that...holding rest for higher smaller positions could set 50% stop at .41. i will hold 25% of sso BELOW breakeven...but not allow it to make the day a loss...loss limited
1:12
limit sell 25% sso 37.63 if able. stops raised to near breeakeven.
1:11
as expected, spx did a headfake lower, where i bought, followed by the move up....now just need to hold the .30 and break .50ish
1:08
from 11:51am....spx is in a coil and it will around here until about 1:07pm..... unless its velocity changes.
1:05
sso crouching tiger forming...close...
1253
uh oh...the spx is trying to convert the coil into a bear desc triangle...nervous sso would exit here at 3731...i'll stay. as mentioned earlier...there is a bear diverg in sso 3min....so this is riskier...i'm thinking that sso will temporarily ignore the diverg before it manifests itself
1250
sso is behaving....for now....
1245
in sso 37.31
riskier...playing the support in coil...could break against me...but have profits to re-invest
mental stop at 3725 3721.. will prob see 3710 if those break. order to sell at mkt is in place...only need to press "send"...if it hits near there i prob will
1243
switching to looking
at sso not tna...tna vol too pokey
1236
i like tna...looks ready to
breakout...but am holding off cuz there is a bear
diverg off the inv HS
1232
looking for possible tna...not yet
1225
not sure if we will see it, seems hard to believe, but an upside breakout in spx suggests 1117 target if it makes over 1112
1220
tza chart..if tza breaks 1295, 1290 prob come right after. last tza 1196. bias down
1219
spx "should have" moved to 1102 by now...its at 1103... of course volume spike could easily change it either way
1215
If SPY closes under 110.56 and preferably 109.50, then it will have a confirmed candle pattern: bearish shooting star. I personally never trade based only on candles, but it's another piece to add to the analysis.
1203
possible bear HS in tza 3min
1202
spx could pull back here to 1101 and stay in the coil. last 1103
1201
spxu not holding 3795ish suggests 3772 3760
1158
i dont like the shortside here for daytrade...last spx 1101
1153
the spx 15min rsi trendline is DOWN...but the spx is challenging it now...see if that holds or breaks
1151
spx is in a coil and it will around here until about 1:07pm..... unless its velocity changes. this coil could break either way. For the coil...spx over 1102 bullish, under 1102 bearish. and we need to beware of a false breakout,backtest, and reversal in the opposite direction.
1142
spxu stall expected at 3836 then 38.42 if it gets there...then next trgt 38.73 if hits .48,,,,,....last 38.23
1137
out of tza at 1206 from 1202...no big profit there. exited because it's not looking "right"....could hit the 11.90... plus i am tired and taking a break from trading here. It's sometimes exhausting playing both short and long in same day.
1130
charts suggesting tza target of 12.24 first, about 3 cents under HOD
1125
tza stop set to 11.97 mental for now...actually should hold the 1203...or i will exit
1118
What is "crouching tiger" that I keep talking about? It's a proprietary setup that I developed that uses a combination of about 20 indicators to confirm the setup. It's a combination of these indicators plus certain chart candle patterns and price patterns. I will try to add more later to this post to explain it... its complicated. The success rate for it working is high, although I do not have actual stats on it. There is both a daytrade and swing crouching tiger. Oftentimes, I like to enter a daytrade using the crouching tiger, and then hold 25% of that daytrade as a swing, if a swing is merited.
1116
crouching tiger hit at 12.02 tza...why i entered. stop could be set at 11.88, 1194, or 1197
1111
tza has crouching tiger trying to setup now...not quite ready yet...for daytrade not swing..yet
1103
charts suggest to wait on any short entry via tza...for now
1058
and now tza is near the 11.90ish swing trade entry target... :) ... but not yet... could see 11.86 or 11.66..not sure the swing setup will actually set itself up today...somewhat bothered by the possible bull diverg in daily RUT before taking short swing.
1049
stop changed to .37 for 50% position, breakeven for rest 25% (sold 25% already)
1048
3656/3661 stall tna expected. last .43
1046
then .42 to .56 tnathen .42 to .56 tna
1043
1.2% tna profits here in 30mins...selling some
1039
tna stall .29 expected. last .21
1038
35.99 broke...3638 tna trgt
1037
again, the tna expectations are mild now, its intraday contratrend trade...just watching to see what it can do.
10:31
tna 35.99 stalll expected. last 35.95
10:29
now there is a daily bull divergence forming in tNa...not formed yet, under construction. This pattern looks like it could be a move up in tna, and then down in tna.
10:24
in tna 35.77. mental stops at .63 and .42
10:14
tna buy limit 35.60 if filled. last 35.73...
10:13
considering tna for bounce up only, then convert to tza on reversal sell
10:08
loooking for a swing setup in tza to re-enter as well...prob around 11.90ish. no setup yet. last tza 12.20
10:03
Clearly ES did not hold the important 1103 and has now moved lower.
7:39AM
ES futures are up 2.50. ES is in a 60 min uptrend right now. Charts suggest that it will go from 1106 (current price) to test the 1112 as long as it stays over 1103 and preferably over 1105. At 1112, ES would either turn lower or make a new weekly high. In either case, a bearish divergence is likely to set up, suggesting a corrective move lower.
Let's see if the ES continues on this roadmap, or decides to change direction. For now, the bias is UP then correction down, to me.
* ChristopherStockGuy is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. For details, see the post from SATURDAY, AUGUST 15, 2009 titled "Disclaimer".
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