$16.90. Hmph. One tranche left and thinking about long side.
$16.84 was low enough for me. Done short and started long. Won’t go too far though because we might spend a couple of days in the trough and while the probability is less, there is still potential for downside.
Meh. Switched sides again. I may not post so much any more,you get the drill.
As much as I’d rather swing trade on longer cycles, for now it’s just not that way.
Wonder if we slide down to the end of the year like the past couple have been or go up like it used to be. Just can’t read it. So it’s play the chop for now.
I've been enjoying reading all of your posts. You have been crushing it. Happy Thanksgiving to Canada! You guys have turkeys.
Thanks Weasel Tracker. I think it keeps me honest to post. At the same time I’m not interested in being boorish. I’m up about 20% this month and my broker is loving the trading fees which are almost 10% of my gain. That’s the cost of using the tranche system. It sucks to be handing over 10% of the trade gain but on the other hand I’m up 20% in a month and that hasn’t happened in a long time so can’t complain (much).
I’ve drawn charts and looked at the work of others. Depending how one picks their points almost any story can be told. My favourite is that we are in a pennant that started in July. You can also make a pennant from Jan 2016. Pennants are a drag.
I’m telling you, once I realized there was another meaning or take-away from the manipulation story I saw (or see) patterns I never saw before. Take a look at the one-month chart. If I had picked the exact low and sold at the exact high I’d have about 10% on my 2x leveraged ETF. Now look at the chart using 30 min intervals. See where I wrung out 20. Oh and 2% for my broker.
I can only trade during North American trading hours and using tranches means I often have cash in the account ie seldom have the whole account balance in and ‘working for me’.
Not seeing enough volatility to make trades worth doing. Sitting short since the 22nd because that’s the higher probability next move. Last week I blamed Thanksgiving for the lack of volatility but I’m thinking this week that there is a reason, a trick being played....smells fishy.
Ok that’s more like it. Switched sides again. One leg long at Ag $17.80
Uh, make that $16.80
Another tranche long at $16.62
I'm getting the vibe that my $16.00s are coming!
Weasel Tracker wrote: I'm getting the vibe that my $16.00s are coming!
yes it’s in the wind but I hope not until I see another bounce up. Tried to put a stink trade in between meetings but fat fingered it and so I’m all in and paid more than market on that one. Ugh. Stuff happens.
Dupe. But to make use of it this comment...
the 2nd down here with the long descent over Comesx hours surprised me. I knew that the pattern had to change because like I said on Monday things just were not right and it was a setup for...something but I didn’t see this. I still think it’s tradeable so I’ll trade it.
Interesting duplicate post
Ouch! Cursing that fat fingered buy.
Weasel this may be your day!
Not jumping in today. I think it's going lower....
I have to agree with you and stop being married to my mistake. I am sure riding it out to Jan/Feb would work but more to be gained by going flat now so that’s what I’ve done. Still ahead from Nov.
Yeah, if we hit $15.00 and you are holding 2x leverage... it's going to hurt! Let's hope we don't miss the bottom!
[BAC Analysis c/o ZH]
Cunts bust my phone!
Points going up now man, am sick of this shit!
(Phone got killed @~0320GMT Friday...)
Fuck being responsible, this is WAR!!!
Any more "antics", and I will be handing out how to guides...
Oi pigeons, meet cat!