Closed my short yesterday after hours, as I was obviously on the wrong side of the trade. Stubborn but who isn't! Missed the significance of that double bottom. Big shame because the long setup looks so much more obvious now - however hindsight is always 20/20. Longed Oil Futures with calls today, and hopped out, and just jumped back in. Missed out on a $.15...
Still long bitcoin. The volume is convincing to me - this was such a speedy recovery. Glad I am in it.
I probably should not even be in this oil short, however the entire size of the position is smaller than half the gain today in Bitcoin. :P I may be being stubborn, however I am still short oil and see a bearish picture and a nice setup. Currently sideways in the trade though, and it is a loser of a position. TA on the daily also looks bearish to me.
Still long BTC, and very happy to see the bullish breakout today - it was a massive push to $12k, and then past $12k.
It's been awhile since I've traded oil - aiming for $54.
Looks like we may hit 3000 this week. Will be looking to rebuild a long position tonight, as I am confident we will see the market pump on Monday morning. Closed my short position on Thursday, and it ended up being an expensive loser. Glad I cut the losses though as it would have been much worse. EOD Friday I saw the volume pump and joined in with a modest...
So this Canadian company has been on a straight bubble run. Massively over-accumulated and a great short candidate. I don't know if I will actually play it, as I don't typically like purchasing options on companies such as these, however we shall see!
Hey guys, still long bitcoin! Not the biggest position, but we were up 26% in it rather rapidly. I was looking to slowing buy into a bigger position over time, which is the goal - but the TA on the right displays a bit of buying that does not appear to be slowing down. Macro environment for crypto is good right now, with all the concerns of a global slow...
Oil still is flirting with that fib point as we can see on the left, after it's massive breakout. Great global macro environment with the Iran conflict center stage, along with central banks potentially cutting rates globally which will hurt the purchasing power of the respective currencies relative to oil. I don't see a clear setup, so sidelines on the crude for now.
Currently short in $SPX Started the morning long, and happy to have taken the loss earlier on. Followed the trend and went short. No JP pump, in fact the market responded very bearish to the potential of only 25 basis points in the July cut. Hoping that the concern in G20, along with the poor prospects of any progress made in trade negotiations drags SPX lower...
Sometimes after a great deal of TA the underlying direction is not clear enough to trade off of. What a week, and what an FOMC meeting. Jerome Powell is certainly improving his communication. Some catalyst news concerns this week primarily are: The G20 Osaka Summit will be held from June 28 to 29, 2019 in Japan. (Thursday/Friday) Revisions to last months...
Bullish TA on FB.
It was going good until it wasn't....currently the trade is down $35 per contract, which is getting expensive. Will be continuing to hold the trade, however the rally today was very painful, and stinks because it was a profitable trade at $12 per contract prior to today...
Still in my long on SPX. Added to long position at 2888. Took profit on last position last night at 2900, wish I entered a short after hitting that resistance, but was afraid to fight this trend. Sideways consolidation is helpful for the bulls. We also are seeing higher lows.