wednesday ramblings (and tues night futures)

410
INTERESTING tho that the red 15min candle at 345pm on ES was easily the largest vol candle of day, bearish

358
closing that ES shjport for 1.5 pts profit,,,miniscule took all day ({),,, TLT was much better at $2 profit, 220 dow points profit

358
nice moves down in the KO and DD shorts tho still red on that swing,, tza swing up now

353
stopped out, all scalps exited tlt, 2%ish profit

352
4 cents away from TLT stopout profit, still in for now

348
that 10AM short on 1153 ES is another dud so far,,, fro me

346
.22 stop tlt in case of sudden surge down, raised from  .13

344
TLT is about 20 cents from its 11am trgt of 9370 from 9153 entry,,,will close scalps b4 close

339
TLT new high of day


here,,still holding thru the close for scalps

and half of swing
 
 
331
strategy known as "scalp swing combo"

329
Trading idea: daytrade and scalp only setups one is willing to hold overnite swing. If the daytrade scalp targets are met, take profits.

If we have a loss but the position is still valid, hold overnite. If we have a loss but trade premise is not valid, take the loss today

FWIW,,, I've found this strategy helpful, avoids headfakes, whipsaw and MM "forcing" daytraders to close prematurely


321
THE roi on TLT daytrade is 2% so far,,, 2% of 11,614 dow = 232 points,,

257
KO swing short is red now too 0.58% about half a percent but staying short

256
im still short DD, red 1%ish now,,,holding as swing,, tlt swing up 2% and tbt up 4% swings

254
over 9313 i'll ride TLT swings and scalp into close,,,only have 25% of scalp left having taken profits on 75% scalp,,,100% of swing remains

253
TLT move up today may cause selling pressure on spx dow in coming hours days

248
hmm this newly formed 10min Bull flag on TLT measures close to that 9370ish trgt from 11am ,, so now we have 2 reasons to expect .70ish--.88

240
stop .13 on scalp tza, last .22, to guarantee  profit of $1.60 on that piece

224
TZA still has swing long, daytrade long signal, 1525 last

214
ahh,,,now the 60min TLT,,,is changed,,, forming a poss bull inv HS?

210
"real target" is 9388 TLT but have placed order under it at 9370 for now,, if the daily TLT move was small i'd place it ABOVE the trgt, but large move requires locking some in under the trgt if able

209
.49 trgt next, last .37, cannot type fast enough :)

208
just hit the .19 trgt,,,watching reactino,,,still have the .70 limit sell TLT, last .19

208
coverted that TBT cuz TLT just hit one-3 cent from its .19 rect mini trgt

206
yest TBT swing short from yest 3900 now at 3786, taking 25% of shares off to lock 3% profit

155
tlt mini rect measures to 9319 nexty

151
TLT just wont stop,,,still waitinf for upper trgts,,should see one more thrust higher b4 correcting lower

132
lowering sell order to 9370 from 9377 last 9297,,entry at 9153

124
: TLT has moved the  


equivalent of 150 DOW points today
 
 

123
or 9347ish gap fill

123
9330 TLT trgt,,,gap resist

121
i cant get market maker analysis on TLT,,,they've all run away from selling atm

118
if 9317 breaks higher than can see 9388 fast, tho the 9303 stall likely

116
9303 stall likely if there,,,may take scalp profit and try to buy bak

115
ADAM and eve from this morn on TLT had a parabolic exit, not asc triangle or cup handle as dicussed

115
TLT "should" pulll back to 9240 but may just go parabolic,why i took the scalp profits up here but keeping siwng and 25% scalps left for higher

111
* $1.15 profit

110
taking 25% of scalps off on TLT here for $1 profit, or 10%ish 1x, 3% on 3x etf

109
TLT on fire now :D

105
limit sell 25% TLT scalp piece at 9298 if able, last .68

105
9377 limit order to sell now ,,,last 9262,,probwont make 9377 today but if soo will take off half swing

103
wow TLT hit the .68 target as i was typing,,,still have 100% swing,, half scalps

100
moving .57 sell tlt,,its moving FASSSSSSSSSTTTTTTTTT now,,,will do manually

100
.28 scalpers can take partial profits,,,TLT rockin today

1251
pulled back at .28 rite over .27 trgt as expected,,still see higher

1249
TLT 9205 here could work long,,,i'm in from 9153

1228
.30 tlt is prior support broken lower that turned resist now, why watching it here,,,poss stall pb then  


break higher
 

1225
watching reaction at .30,,,unsure if pulls back or not here

1225
TLT :D,,,just hit .27 trgt,,,still have .57 order to cover half swing, and have half scalps left

1202
i will limit sell half of TLT 9257 half of swing piece if filled, and try to buy back lower, keeping other unsold half, for $1.03 profit on that piece

1158
TLT is near the .27 trgt, .14 last,, see higher after .27 but poss stall pullbakc there

1145
now watching to see if ES moves below 1256 as mentioned earlier,,,could happen now or bounce again,,,bias down atm for me, to continue pattern

1140
VIX is near sypport and could bounce, or can fill gap lower,,watching reaction

1134
1260 ES poss, may add more shorts up there if hit

1134
unclear if ES wants over 1257.50 or below 1256 from here,,,aggress could short 1257 here

1128
For ES,,,heres the "up part" i mentioned b4,,, after this up finishes should be shortable daytrade bounce with a move below 1256

1126
9227 is next scalp target on tlt from 9153 for 54ish cents profit if hit

1125
TLT up 0.5% or 1.5% for 3x etf since entry 90min ago,,holding for higher targets on swing pieces

1121
OIL also moving lower :),,,watching still for CL to test low of day

1118
still unclear if bull adam eve on tlt will be cuphandle, asc tri or parabolic,,,parabolic looking likely but no confirmations yet, up nicely now at 9187 from 9153

1117
heres the down part in ES i was talking about,,, should bounce after this move is done, then down lower and second move down should be bigger

1115
taking another 22 cents scalp profit here tlt, 20 on first scalp, for 42 cents,,, still hodling swing TLT

1111
could take an hour for those 2 trips

1110
pattern is lower from 1257, then higher, then lower again to lower than prev low

1109
it often goes over 1257 before lower, over pop i'll try a short if it comes

1108
sell signal ,,,80% suggests bounce first, shortable bounce, on russell ES 1257

1100
TLT scalpers could take 20 cents profit on a 1x etf here,,swing part i'm holding longer

1059
TLT bull adam eve still valid, they often convert to asc triangle or cup handle,,,or may go parabolic up,,,watching

1035
TLT 15min and 3min have poss bull Adam eve bottom

1032
TLT starting to move up now,,,lets see what it can do,, its a 1x etf not 3x so moves are smaller, but still has nice daily ranges compared to SPY

1010
trying 9153 TLT long, may add more later

1003
TLT 9141 limit long if filled

944
still on TZA swing long signal from 1525, last 1533, same trgt as yest

Wedn 940
yest i suggested USO oil might gap down today, it didnt, it opened flat, tho at 9AM it was set for a gap down,,,watching to see if CL retests overnite lows

Tues nite
For tomorrow, Wedn, if we see 1243ish ES (1247 spx) then may be able to take some shorts on profits and reverse long va MCD  INTC IBM for a quick swing (2-5 days) while holding swing shorts (hedged).  Using individ stocks allows simul long/short swings,,, also possible upro tomorrow but i only like it down near 1243 ES.


Later, INTC charts suggest a hard fall, but may be able to swing long first 20.42ish (20.89 last)


possible longs AFTER pullback to 1247:  IBM  INTC  MCD  PFE  WMT



* 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".