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holding above 72 is bullish, but ledge of friday through today's cumulative profile at 74.50 which is also today's open, which might find sellers. kind of a no-man's land between 72 and 74.50 IMO.

 

edit: quite a surge in delta from this low...

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  roztom said:
Have you guys drawn any conclusions about which is more signifigent? CLVN or NVPOC's?

 

I "assume" it it CLVN's since they are low vol vs NVPOC's. What are your thoughts?

 

BTW: Do you guys show a 69.25 CLVN?

 

on the yearly profile, 69.50 yes

 

They are both significant IMO, just in different ways. One is the kid in school who no one wants to be friends with. The other is the kid who is the most popular. They are both significant and both more noticeable than an "average" kid in class, just in different ways.

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  joshdance said:
holding above 72 is bullish, but ledge of friday through today's cumulative profile at 74.50 which is also today's open, which might find sellers. kind of a no-man's land between 72 and 74.50 IMO.

 

I'm "technically" somewhat in neutral...see it the same ... I have my stop at B/E on this since it would have to violate the lower distribution... & 50% retracement.. etc...

 

77.25 - 78.50 is where stops are so we would have to reach for those.. IMHO...not saying we won't..ACH... :helloooo:

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Flat 70.50.. from 76.25... on last unit... I have no manuevering room here so I am ok with sequence... no reason, so far not to be short, imho.. :missy: Need to have contracts on to work this properly..but no complaints here... at least on this one...

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I want to throw something out there..as you guys know I watch 15m bars for where stops/weak hands will cluster as magnets for rotation.. the 9:30 cst high was where the nearby stops were at 73.25...we rotated and ticked 73.50 on the next 15m bar and then it closed lower with a tight inside bar.. that IMHO was the test since the next level up for stops is 77.00 - 78.00 level which would change the game.

 

If I wasn't short that rotation would have been to area to get short for a test of the low & potential target CLVN 69.50 and potential 67.50 NVPOC...

 

Just how I saw it..not saying anything more than that... but I do suggest that when looking for targets, especially counter-rotations that you consider targeting stops for scales since they are high probability.. also they are locations for continuation trades if there is a reasonable rik point like the lvn @ 74.50 - 74.75ish... imho.. :2c:

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I have my toughest days on days like this, where the market is trending. I hate trending days. For some people I'm sure they're heaven, but for me they are difficult. I should have scaled at the 73.25 which is yesterday's low, when it failed to break it twice, and I would have closed that long for a small profit or wash (been stopped out on 2nd unit).

 

On my way to having my first losing day since March 28. Bad feeling.

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  joshdance said:
By the way, at the bottom of the screen I see you guys have a '+' after your name -- N, what does that mean? That you're positive for the day and I'm not?? ;)

 

You must be kidding... I just see a puddle of blood next to mine...

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  joshdance said:
I have my toughest days on days like this, where the market is trending. I hate trending days. For some people I'm sure they're heaven, but for me they are difficult. I should have scaled at the 73.25 which is yesterday's low, when it failed to break it twice, and I would have closed that long for a small profit or wash (been stopped out on 2nd unit).

 

On my way to having my first losing day since March 28. Bad feeling.

 

REALLY!! You are a GURU!! GREAT JOB!!!...

 

NOw that we hit the NVPOC and there are stops @ 73.50 "might" be the oppt'y for countertrned BUT who needs to chase it... 71.50 might be "it" also...clueless maybe better to try to position with the trnd for a test of low htis afternoon? NO clue... Also we may have fulfilled downside so "PUNT." ?

 

Also NVPOC 63.00 out there... for what it is worth...

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  roztom said:
REALLY!! You are a GURU!! GREAT JOB!!!...

 

Actually it says "Guru" under your name Tom ;-) A good trader does not have any utterly crappy days IMO, as I'm having now.. bad days, losing days, sure, but just downright stupidity, should not be in the playbook. There are those who WANT to be gurus, you know, those who never mention losing trades because they apparently never have them ;-) I certainly am not one of them nor do I care to be.

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  joshdance said:
Actually it says "Guru" under your name Tom ;-) A good trader does not have any utterly crappy days IMO, as I'm having now.. bad days, losing days, sure, but just downright stupidity, should not be in the playbook. There are those who WANT to be gurus, you know, those who never mention losing trades because they apparently never have them ;-) I certainly am not one of them nor do I care to be.

 

Sure but you are a "Master Trader" that is superior to a Guru.. :rofl:

 

We all take our "stupid pill" some days..you have no corner on that one... if you've been profitable up until today then you have done very well. I'm sure there are many who would love to be profitable on any day... :2c:

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N: I must be in a bubble here.. I never anticipated we would sell-off this far, especially without rotation... after the initial one we discussed here and also there is no urgency..very weird to me...

 

BTW: I have adjusted my MicroCOmposites to 3/6/12

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Yes it's ugly today... 3 point max valley to peak rotation so far.. no profit potential on the long side really.

 

I think fundamentally this is due to (1) being very overextended to begin with (2) NFP, and (3) Spanish and Italian bond yields going through the roof

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