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Nikko
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Everything posted by Nikko
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Today should really revolve around TA as the news is positive and not much to look forward to until the morning. That being said it should be an easy uptrend, yet it is playing with my emotions, - Either way I will not exit my positions until my goals are reached or 19, not what I expected initially
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Wow that says something... Takes 2 hours to break through 23.50 resistance yet 20 min to break 23.50 support, what is with these dips?
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Yes we are showing power here. I thought this was going to happen 3 hours ago I've been waiting wondering how and why we are dropping after the gap... Anyway, we gave it a hard test @ 25.50 so I think we will break through this effortlessly as well, with not much more resistance @ 27.50. I might exit around 27.50 since I'm in deep with the compounding, or at least release half the contracts we will see here shortly
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It would be key if we could break 25.25, 23.50 seemed to take exactly 4 tests before it broke. That is actually surprising, today is not an easy day, but I could exit with a decent profit. In all reality nothing is stopping us after 25.25 besides a little more resistance at 27.50 but not too much. About time...
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Tuesday / Wendsday I will move to the Sept depending on the price of the two. I am more comfortable with June vs Sept price currently
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So I am positive as of 22.75 which is good ( hopefully not only for 2 min like last time ). I do not believe this is a fake so as my initial outlook I feel comfortable with my goals
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Yeah, well it actually has no difference especially since I do not trade 100 contracts regularly. Plenty of volume and correlation is +/- .25 I do this for my own reasons there is no downfall.
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Broke the trend, now lets see what we can do? I truly believe we should hit mid 30's or above. Especially towards EOD
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Oh most definitely. I just compounded some more contracts at 21.25 so brings my pivot to 22.75 - I could not ask for a better set-up but will be done trading if it falls below 19 - Still believing in mid 30's
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Thanks Negotiator, but I'm sticking to June... I will trade Sept Next week, so your trading Sept I take it.
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Back to slightly negative lol - Ok I'm telling you I have a strong grasp on the momentums and a long pattern of the markets but I will be convinced after we break 20's now, with the compound of contracts my pivot price ( where I am flat ) is now 24.50. Granted I won't be happy if I get stopped out but 24.50, I could not ask for a better position
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P&L is positive, this is what I like to see! Ok I still believe we should hit mid 30's with ease here shortly...
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Until the 15th - You?
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We did technically just " fill in the gap ". Low 20's are hard support so besides the gap we really have not fluctuated much negatively that is the reason for me still having confidence of a positive day or else I would have done a reversal a long time ago.
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No I understand, Greece is said to be pulling out of the Euro though which is speculated good news. Greece, Spain and Asia at least for today I thought was positive
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I think I will... I mean if we go below 21.50 I will most likely give myself a few hour break, but volume just picked up so I think the we should see a nice move up. Not much market moving news so it is taking people awhile to wake up
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I actually exited and re-entered - I doubled the contracts, really surprised, it is going to take maybe a few more points to alter my views...
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I'm long @ 27.50 - Goal is high 30's ( maybe mid or maybe low 40's ) - Exit is 24.25
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I say 27.50 because 25 to me is hard support which I doubt we will break and if we do break 25 I won't be so bullish lol
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Yes that would belong in the " bigger picture ". Well as for today I'm wait if it hits 27.50 here soon I will be going long. 29-30 is holding up fairly well and I think we should see a run. Obviously waiting until 27.50 to long and or wait for a bigger correction before I long, but that seems like a nice long to me with an exit of around high 30's low 40's
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To tell you the truth before I could not give a confident months view of the market, but I could even go as far as saying we will be making a run back to the 1400's within 15 trading days. I don't know all the upcoming reports and news seems to be promising either way the sooner we can knockout some highs from all of this optimistic scrutiny the sooner we can make a run back into the 800's, possibly if we don't see no governmental reform, 600's. There is a lot of uncertainty leading towards the end of the year with elections and congress.
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Been overseas, not much time to post. Anyway, tomorrow if no new market changing news comes out ( which I doubt ) I will be longing the lows. Who is feeling bullish for tomorrow? We flew high through 29.50 which is major resistance in my view. If I can go a little further and speculate that this weeks reports should be positive ( which I do believe all will be from jobs, to retail sales, to overseas ), Japan and Europe are not going to slow US down. So tell me why to think otherwise... Nikko
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No overnights for me, very very rarely do I go overnight. Anyway on the last 15 min of the day I could have ended up with a 7-8 tick profit but was hoping for a EOD buyers rally so by the time all the last min action happen I ended up flat on my last trade other then that it was a good day today. Like I said overnights are not part of what I do, maybe a couple 2-3 times a month maybe... Nikko
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Oh wow your close, how did you come up with your execution? Nikko
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I don't know I just like going long even if I had to wait until 73 ( not 72.50 ) for a long and a couple ticks. I do not see how you are getting sell signals? Nikko