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Volume, Vix and patience are my edge. No need for hesitation on these type of days. Just take your stop loss if wrong. No need to hedge. When vix low volume low, I use no stop losses. Example last Friday, I had no stop loss on ES. I hedged with Ym (long). I shorted resistance and it didnt...

I watch the volume on the ETF Spy, also level 2 quotes on the spy. Seeing huge volume here (big). Also noticing big huge bids on spy which are clearly fake as fake can be. You can short that for sure!! There is another thread on watching level 2 fake outs.

Thanks Bro, I shorted the whole run up from 1287-1331 and was still green. Not much green but green. Just waited for optimal set ups, eg fading resistance level 2, gap ups, and buy programs etc. I never shorted before fomc minutes,bernanke, and economic numbers as that can be dangerous for a...

50 day maybe resistance now on ES. Off topic, I shorted Ygm @ 723 and its in 8 points. Gold came into my short filter @ 730. Dont think I'll be doing that again. But @ 33 dollars a point its a nice pop to my p/l.

Not done yet, got in 1301, cover 1298. This is sick.

What a difference on week makes huh! Last Friday to this Friday. You go b1s2!!

cover 1299.50, entry 50 day. Too much volume to ignore today. Another 4 points, no heat. I'm absolutely finished for today. I'm going to chill.

Cover 1301.75, entry 50 day moving avg Spy (1303.50/75). 5th trade today and I'm inclined to stop now. My instincts telling me to quit while ahead and move on to next week.

b1s2, this is being confirmed by huge volume. Also the put/call ratio is heavily favoring puts. Institutional postioning I would presume.

cover 1300.75, entry 1303.50 (50 day). unreal today.

Another scalp cover 1303, entry 1307.25. Hovering around the 50 day spy. Time to be careful.

Shorted the last short squeeze cover 1305. Vix rising, scalping easier. Finally some action!!

covered 1304. There maybe momentum to this.

Only one short squeeze today 1309.50-1313.25, otherwise a straight drop. Brutus you were all over that one. Good read, next time you have a 5 point gain.

Great scalping today man!! good job.

I only look for short set ups and I'm having trouble believing this. Wow. I guess when the market ignores everything around and keeps going up, the selling is less frequent but vicious. Still seem to be stuck in the 1300-1325 region. Not sensing any imminent break down yet.

In general I get weary when they trade below 2 levels of support in intra day. Just as I would never go long if we were trading above 2 levels of resistance intraday, i also dont short when below. That is just a rule I will live by forever, until the market shows it has true momentum. This...

Absolutely, i dont mind missing the last leg of this sell off after Fridays gap closure. Discipline saves you from future pain. Dow up near 10% for the year, 1% give back hardly a sell off.

Nasdaq taking it on the chin. I cant believe i was short ym @11698 yesterday. 10 yr note yield ticking up and up. First 5 days of the month buying maybe finished. I'm too scared to get in again this low. Thx s2. Feels good to be able to ride this one for once. Romik nice flip and cover...

36 points on a short term positonal. That is great!! I got 18 on my short last nite.