Here is SNAP.
The Super Terrific Happy Hour
- Thread starter Max E.
- Start date
VanZandt I am with you now. The political situation in the US is going to do this market in. Now that it lines up with my TA stuff I'm positioned short tech and tmst. It looks like we are getting ready for the next push down here.
BTW I know my timeframe/style is not the same as most posters in this thread. Max if you would prefer I keep my trades somewhere else please let me know. I was drawn to this thread because it is refreshing to see people that actually trade calling trades as they make them.
BTW I know my timeframe/style is not the same as most posters in this thread. Max if you would prefer I keep my trades somewhere else please let me know. I was drawn to this thread because it is refreshing to see people that actually trade calling trades as they make them.
Well, don't throw in the towel yet on this market. My observations on market direction are more near term.... based on forecasting the herd mentality. There are many fundamental factors that professional managers look at that are still in tact. Markets look forward. Whats the worst that can happen? President Pence? Tax reform, healthcare, infrastructure.... they'll all happen. Just not overnight. We can have 5 days like yesterday, and that would just be a healthy correction.
Its kinda like standing next to a country road and the wind is out of one prevailing direction all day. Then a semi comes barrelling by at 70 MPH and really kicks up the dust, you have no idea which way the wind is coming from.... its all over the place. That happens from time to time. But the prevailing winds don't change.
Yeah I am a short term trader too, just not as fast as max. I usually hold 1 to 5 days.
I'm less angry with SNAP today.Ugh...today was brutal for me. I actually had a really good day of day trading (except SNAP...SNAP).
...and out of SNAP at 13.74. 2.8% gain.
Ready to get back in if it shows more bullishness...just not liking the weakness on the MA cross.
Ready to get back in if it shows more bullishness...just not liking the weakness on the MA cross.
FML! 
Haha...all I can do is laugh...
Haha...all I can do is laugh...
...and short on it from 13.85...tight stop on a new high. Target is 13.71...I think. That might change as I look deeper into it.
I did get stopped out dutifully at 13.92.
Got back long on this from 13.84.
Does anyone know if the 13.9497 tick was within the spread, or was that off-exchange? And where would one go to find that info? I have my doubts on this position based on that candle...but we did barely hit the new high that stopped me out before that...so, higher highs, right?
Got back long on this from 13.84.
Does anyone know if the 13.9497 tick was within the spread, or was that off-exchange? And where would one go to find that info? I have my doubts on this position based on that candle...but we did barely hit the new high that stopped me out before that...so, higher highs, right?
Out at 13.98...will wait for a break of $14 to get back in.