The NQ went down 300 points today so that would be a $6000 loss for 1 contract. To Kauai Dave's Trend Traders or wave riders it is nothing in the grand scheme of things. I bought 45 more shares today and if we go down tomorrow i will buy 45 more. WE buy at S4. I'm going to hedge with 300 shares of SQQQ.
This is what should happen if we return to the pattern of the last 6 months.
i measured the two corrections in 6 months both are the same size 50%.
If you compare the two green set of lines and the thinner blue lines you can see two 328 point corrections, this is key level.
This is the Fob extensions, more later.
Everything is turning Bullish
We are nearing the R4 in the 60 minute charts. If we reverse at R4 to go down, I will sell my hundreds of shares of TQQQ. Then if we go down, I sill sell 200 shares of SQQQ for a profit. and go long lower to blast off again.
WE bought on September 4th at the lows. We hedged 500 shares of SPXS, then 150 shares of SQQQ to cover the down move. Now we are headed up to Weekly Camirilla R4.
Bullish traders had to use shorts to protect their trades.
Have had to buy and sell a lot of SQQQ & 500 SPXS to keep from taking losses on these longs, so I am at break-even still, in these shares... TQQQ You may recall I bought these on Sept 04, I'm still holding at breakeven, shorting to cover as needed.
look at the Stochastics, extreme overbought sell still in effect. Let me find the chart in the right timeframe. My shorrts are nearing the Camirilla Pivots weekly R$ my trading plan is not disionary, I must take profits soon i think.
Many Claim Elliot Waves are a false pseudo science. I present the last 30 years as an example, n a monthly time frame, the last part of the "Grand Supercycle" Bull Market Elliot predicted The 1990's Wave I, ( The dot com bubble) complex and impulsive. 2000-2003 Wave II down, simple corrective ABC. 2003 until Nov 2007 Wave III Up Impulsive and Complex. ...
I think you can see the upside?
I could totally see ASIA buying starting at 5 PM EST here in US, but I don't know 9:30 market open in asia. China is 15 hours ahead of Pacific Time Then GLOBEEX session will move to Eruope, and they might take it up ror down, but at 9:30 AM EST we are at VWAP for a second, We are at the volume weighted Average and fair price of every stock at that time. I am...
Friday many of us thought we might go up, but we had a second day of PAPER SELLING. I'm trading ETFs in a cash account, swing trading.I had bought 80 shares of TQQQ tripple QQQ Bullish. So rather than take a loss Friday morning I bought 200 shares of SQQQ, tripple short QQQ to cover my losses and add profit. I cashed out on those too, bought at $20 sold at...
One of Mortidggiddy's Indicators says sell, but I like this one better.... One whole mopre day of vacation. We have a gap up above us, sometimes Asia and Eurpoe steal our trades though watch out.
We have a potential setup for a short on Tuesday, however I don't always believe Indicators, and I think there is a strong chance of an UP Tuesday, esp with the FED and 28 bullish days in a row for each correction. I have let you guys watch my actual trades you guys have watched me sell the tops and buy the bottoms publically some, my brothers, have watched me...
I am doing swing trades with SPXL. I think the mini correction is over now and we should resume going up to the 1.27 level