bought nugt again
i would like nugt to pb....is ok if it does...just wanted some again due to strength
will add if nugt pb else ride with existing position
349
IWM lagging means "risk trade off"..."defensve longs only"
also temp parking spot for funds
349
IF IF roadmap continues,,,spx should get tired coming hours days and pull back not nec crash
348
so far all of this action on spx is following 60m chart roadmap,,,makes sense and still bearish imo and expected this as possibility
330
4pm swing system does NOT use "layering" or "add to existing positions". It just takes the initial entry and goes 100% for simplicity. But if it DID layer, it would be giving an "add spx shorts at 4pm today" here at ES 1566. posted perform record for it b4,,has 80% wins from 2000 and 2007...this "could be" one of the 20% losers but system remains on SHORT SPX ....
322
no guarantee but has worked many times, on uvxy gdx nugt AKS etc etc
KISS strategy
321
UVXY. another one of those "too far from 5 period daily moving average. Almost always bounces, even in downtrend. trgt 7.30
see higher uvxy than 730 but thats the "downtrend" bounce trgt given its below the 5 MA
259
might add some FAZ at the close, if XLF looks right
234
notice IWM is not re-testing its prior daily highs,,,continues weaker
232
ES now testing prior high. spx going for all time high
104
revised...707 and 711 likely
103
uvxy should do mini test of 707 last 700
mini test...1% lol
1256
1562.50 ES... 72% short rang on ES, intraday scalp sig
1251
but if one looks at DX us dollar futures, can see that pattern there
1250
if that pattern were at bottom, it would be bear continuation pattern called 5 methods, but its not that since not at bottom...but still bearish
...3 methods is continuation pattern, not a reversal pattern
1248
see SPY 60m chart? big red candle followed by 3 small green ones? its a bearish pattern...doesnt mean new highs wont be made over red candle high, but bearish candles
thus far, the expected "sideways upish" from earlier is happening on spy ...will get tired in coming hours
1224
ery 3470 trgt for now and order to sell there
1215
IWM investment Bank buy sell levels 9000/9500
i just noticed that Inv Bank levels on IWM are same as april 3..v interesting...exact same levels that date
1210
look at GDX...rejected almost exactly at Inv Bank level posted yest and this morn 930am
1205
so looking to buy pb in gdx nugt, for subsequent move up to 3699 gdx
1204
tomorrows GDX trgt: 36.99 sell, 34.97 buy (Curr Investment Bank levels)
1203
imo: ERY has more room in it than DUST....the 60min on ery is more tired on down than dust is
1201
theres gdx at trgt...watching reactions now...it will usually stall in the prior Investment Bank sell area...
1200
y: *ouch* figures ery drops rite after i buy lol
1159
last 3616 gdx...getting close to that 3630ish area...v
1153
bought ery
1126
MM still have not dropped bids in gdx..same as b4 or near there
1123
took gains on aks.
will re-eval entry later
1119
AKS going to hit resist at 329 and 333...last 324
1115
dollar at support,,,if bounces thenlower gdx...but if it breaks...then 3630 gdx
1115
: aggressive could short GDX here or dust...i'm waiting tho
3606
based on us dollar
scalp quick hands trade
1107
watch for 8230 dollar futures dx,,,and may be wise to get out of silver gdx nugt when dx gets there, if actively trading it swing
1052
724 and 735 uvxy mini trgts
may sell some not all if able at 735...pretty heavy resist there on first try...but the stuff can move fsat so will give chance to pierce
1048
3552 watching gdx...could go much lower but wanna see if it goes there, and reactino...sideways may be buyable
1045
y: 2360 exit on NUGT ....11% plus gain
1041
GDX susceptible to pullback to 3552 so finger near the sell button now....
1039
easy to see simple horiz resist here prior high fdx 36.00ish
1037
stalling here at Inv Level 1 also normal..watching
1037
look for a stall if it gets to 36.30ish today...that's an "old" Investment Bank sell level....they tend to stick on the first try
could see a pretty big pb there, but a bullish one to a higher low
1036
gdx "should" go sideways now on 15min chart...the normal thing would be a rising wedge (higher but getting tired),,,or a bull flag (lower but still bullish since its a flag and poss buy opp if flag presents)....may be exiting second half of nugt if it goes to a wedge
1035
next 4 candles on GDX 15min chart impt...
1029
IF gdx can hit 3620 today it would be a huge move. one of biggest daily candles on chart. i will exit nugt if it can get up there...still awhile away...it does look like its going for that level and higher eventually for swings, just may pb first...watching...
1025
SPY SPX cash charts: have another 4 hours of side/up bias on them,,,,may not move up much, will see...after that, should be getting tired and pb....the larger pb likely not come until after at least 4 hours, unless velocity changes,,,at such time the uvxy gift trade entry should kick in
1018
2293 NUGT,,,,3563 exactly now on GDX :)
: took half off..made the trgt close enough ••
1005
"trading tip of the day": Successfull strategies are NOT universal across sectors and vehicles
: a strat that works well for swings on SPX will NOT WORK on swings long in gold silver for example
this is proven through extensive backtesting...spx shows great returns, while commodoties silver show big losses
so always have in mind the vehicle and sector u r trading NOT JUST the strat
also,,,,within the same sector or vehicle (eg. SPY), the successfull short strategy is NOT simply the inverse of the successfull long strat
so if using upro for long spx and spxu for short spy,,,one would NOT use the same formula on upro and spxu...doesnt work.. the short strategy generally requires a slower entry, and generates less signals short, due to the nature of the equities markets
just some ideas....for those that like to develop their own strategies
early in my algorithm development career....i thought a strategy was invalid because it worked great for long but gave losses on shorts. i expected same strat to work both ways, at the time i thought it was logical...took awhile to learn that success is ok one way, and develop an alt strat for shorts LOL
i believe this is a main factor in why so many retail traders lose money
in general, the above applies more to swings than scalps, but does apply accross all time periods
1002
3500 3512 and 3530 are the MM buy levels, gdx
958
: gdx at the heavy resist area now...3542...watching to see if it can push thru...
MM are buying it here now...but smaller MM are trading it...it is possible accum long by MM here, for the next push up...they hold the ask down in order to let them buy. hope that makes sense.
957
silver is going to form a bear diverg on its 60min charts....will exit silver later...but it still has another 2-12 trading hours left in it...and we all know ...biggest moves come when? near the end....
954
theres pretty heavy resist at 3545 gdx if it getst there...but reaction is impt...does it just go sideways ...or pb? watching...but many MM sitting there to sell...at least right now...however still see the 3563 trgt poss today since it made such a sustained move at open thus far....trgts look close together in gdx but in nugt they move 2-5% LOL
950
3544 3563 are gdx next trgts intraday..last 3532,,,with buy levels at 3512 and 35.30
941
im going to sell half my nugt at or near there if able...
940
gdx next Investment Bank Level is 35.63..so it will prob test the 35.50ish prior high
938
From 12:23 PM yesterday
gdx should test higher 3524 and stall poss
it hit close to it, 3522. at this time of day it could break it for next higher trot
936
yesterdays posted Investment Bank level on UVXY was.... 6.99...once again it hit the inv bank level a day later...keeps happening
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