Search results

Out at BE...grind higher into the Memorial Day Weekend. Enjoy!

Daily could be forming a bear flag after breaking out of this Wedge.

It doesn’t cover entire loss. Only minimizes it.

I sell short term weekly puts against it. I guess one can call that a hedge.

I try really hard not to trade on feel.

Short again...2720

I do have a gut feeling this is a trap on longs but so goes trading.

After that close I am finally out of short. All said and done lost 33 pts on position.

Wedge on 5 min chart

Double top on daily with a cash gap down at 2719. I am still short core position from 2657.5 but have been managing by selling weekly puts which has helped avg my cost up. Still believe we will head down into end of May. Hit the BID!!!!!!!!!!!

Manners of a goat...roflmao

If we break through Apex of triangle at 2650

Trying to hold that downtrend line we broke through on 5/10.

Moment of truth. I’m still short but have traded around it.

Wow...red close Cash 2763...high from 2/5 weekly bar. IMO that will be the tell. Already rejected 2741 which is high from 3/19 weekly bar. Seems to me it is losing steam. That’s why it needs volume to confirm and so far not seeing it.

Managing capital at risk on any given trade. I am not leveraged like I used to be so it keeps things under control even when I am wrong.

In reference to patterns, move from 2/9 to 3/13 looks similar to the recent move from 4/2 to 5/11. Maybe I am in denial due to my short position but in my view combined with lack of volume on the recent 7 days up supports a fake breakout scenario of this wedge break.

Do you trade around your core position?

Agree. I remain short looking for pullback to puke.

If 2 year crosses 10 yr we are pooched. I believe they are trying to unwind and raise gently so when shit hits the fan they have room to cut. Feds are essentially now the bag holders and all of the world are counting on them to keep it under control. Thank Yellen for creating the next credit...