Search results

Exactly right, I have been fading this move and its working nicely. Now its time for me to give it a break before it blows me up. New york brings it in on both extremes like you said, reliable for now. The volatility is not for the faint of heart though.

Bright and Snake in the same sentence. Get out of here, it can't be.

Too much monmentum to fade. And yes when it gets to an extreme the locals wait for them and fade. Exactly what happened @ 1258.25

Like clock work indeed.

When I'm in a short it helps me stay in just a little bit longer. And basically its a short term tool since I cant really hold on more than 4 to 5 points normally. What happened @ 1258.25 was a bounce of the 200 day on the Sp. I dont fade paper to sell, I just hold on to my short trade a bit...

Oh yes its very clear "Paper to Sell" !! "Big paper seller" and trust me the noise level was off the hinges. Its music to my ears. I use the s&p pit feed, its a nice tool to have in your aresenal for short term positions.

Man its so much paper being sold, it was unreal. The 200 day on Spy is 125.87, the low for today 125.85. The Selling maybe done here as I would think maybe the mutuals might come in and be ready to buy.

Brut, its a combination of things actually. When pit noise picks up it can go either way, so its no gospel. I was actually taking a nap when I heard volume pick up. Then the magic words "paper to sell" I looked at my time and sales and it was painting blood red. Yes the louder the better...

I'm done with the ES today. Faded @ 1269.50 , cover 1265.50. Im in a gold trade right now @ 662 short, so I'll manage that for now.

Yes that is what I was thinking . Don't change your targets now. You are a very discplined trader.

You seem to have really thought it out extensively. At some point you have to take a stand and analyze if the grind is worth it. Obviously the choice was made. You sound like a smart guy. Sorry to hear this, good luck with your career.

man-yana is tommorrow. It should be nice to scalp. Put the icing on a volatile week of trading.

Sp pit Noise came in incredibly handy today. Stayed flat for 5 hours after first trade today. Then in the last hour the pit noise picked up (loud) very suddenly and the in came the sell orders. My final entry thanks to sp pit noise...

This was from 5/9:D

Now trading below 50 and S&P within whispering distance of 200 day. Beginning of the year Sp(c) 1248.90 now 1261.81. More correction in store?

Another great hold S2. Vix and volume spikes, a great combination for sellers. Are you going to lock in any of those positionals?

Nice job Romik, I just covered @ 1268.25! Man o Man, this is good stuff.

My favorite quotes from the pit, "easy as we go, paper to sell, and morgan still on the phone"