johnpaulca 12,036 posts msg #139331 - Ignore johnpaulca |
11/15/2017 11:19:51 PM
XIV....Daily trend intact. Measured pullback is about $9 measured from bottom trend line, should end up around $97.
Day trade: Look at direction of futures in pre-market, my best guess we get an oversold bounce which will subsequently be shorted later in the day.
I will post my entry after first 30 mins of market opening.
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pthomas215 1,251 posts msg #139333 - Ignore pthomas215 |
11/15/2017 11:46:41 PM
JP, you pose a very difficult question. we've spent so much recent history in a bull market, and recently searching for the top. If $114 is the top for XIV, which i suspect it might be, then we will check up for a bit tomorrow to 107 or so and back down to the 38% retracement from 13 week high, which is 97.
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johnpaulca 12,036 posts msg #139334 - Ignore johnpaulca |
11/15/2017 11:52:09 PM
As traders we're faced with these decisions every trading day, would be helpful to discuss it in a forum like this.
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pthomas215 1,251 posts msg #139335 - Ignore pthomas215 |
11/15/2017 11:56:34 PM
I agree. we can discuss it here if you dont mind us hijacking your thread !
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Mactheriverrat 3,172 posts msg #139336 - Ignore Mactheriverrat |
11/16/2017 12:11:29 AM

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Kevin_in_GA 4,599 posts msg #139339 - Ignore Kevin_in_GA |
11/16/2017 8:33:40 AM
11/15/2017 9:32:51 AM
Added 1,000 shares at $104.64. Now long 6,000 shares at a cost average of $106.57.
Limit order in place to sell all shares of XIV at $108. If hit it will generate $8,580 in profit. No reason to get greedy, especially when the tax reform vote is about to be held in the House.
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johnpaulca 12,036 posts msg #139341 - Ignore johnpaulca |
11/16/2017 9:14:47 AM
XIV.... (2-hr chart) we have the oversold bounce in pm, would be foolish to go long here with lots of resis.
-107.48 is where I'm looking for day traders to short and try closing the gap.
-$106.80 to $106...this would a shorting range for scalping
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johnpaulca 12,036 posts msg #139342 - Ignore johnpaulca |
11/16/2017 9:16:35 AM
pthomas215
1,009 posts
msg #139335
- Ignore pthomas215 11/15/2017 11:56:34 PM
I agree. we can discuss it here if you dont mind us hijacking your thread !
********************************************************************************************
everyone is always welcome to this thread (:
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johnpaulca 12,036 posts msg #139344 - Ignore johnpaulca |
11/16/2017 10:01:44 AM
XIV...long $107.46
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johnpaulca 12,036 posts msg #139345 - Ignore johnpaulca |
11/16/2017 10:03:28 AM
target $107.96...this is a scalp
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