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kylestt & jbrand1's intra-day scalp plays - Page 5

post #81 of 1212
2/15/12 at 8:52am
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Quote:
Originally Posted by kylestt View Post



when he say this? last night when apple is 1% away from that target lol


Time to close out the C.A.N.D.I.E.S. portfolio?  Cramer Defcon mode!

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post #82 of 1212
2/15/12 at 9:31am
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Quote:
Originally Posted by jbrand1 View Post



Still holding short calls, premium + GOOG price action inflating the price about $1 since entry.  Then again, with a -.44 delta and the very impressive -.50 theta, too juicy to let these go (yet) as an open anywhere in this range would be a nice chunk of premium I collect.  Instead, I'm looking to possibly short 100 shares of common stock before the open tomorrow if the ES stays below 44.25 S1.



Bought back 605p @ 1.50, took 1.10 off my cost basis on the 595p.

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post #83 of 1212
2/15/12 at 9:34am
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1350 ES still the major demand-zone/volume congestion.  My thoughts are any significant supply side volume will breach these levels with ease, potential fade off the open can bring us to yesterdays 1345 POC if we have accompanying volume.

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post #84 of 1212
2/15/12 at 10:35am
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Stopped out of an ES short trade from 48.50 on a 48.75 VPOC (Monday) breach, was looking for a trade down to the 45 POC.  I really liked this trade, and I don't mind getting stopped out, they aren't all winners!

 

es-215.PNG

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post #85 of 1212
2/15/12 at 12:21pm

hate to say it, but if we dont get that big push down in GOOG here, my daily ichi chart is about to give a bullish signal LOL. talk about a cluster****.

 

I've been hoping to hone in on the 4hr chart for my trades and we are severely tight right now, either i'll average down tomorrow for a fun opex or i'll be going long LOL

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post #86 of 1212
2/15/12 at 1:01pm
Thread Starter 
Quote:
Originally Posted by jbrand1 View Post



Bought back 605p @ 1.50, took 1.10 off my cost basis on the 595p.



Avg'd down on the 595p @ .55, cost basis is $1 exactly (first lot of cts @ 2.55 had 1.10 deducted due to selling 605p).  Also short GOOG common at 606.22.

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post #87 of 1212
2/15/12 at 1:04pm

I didn't get the 4hr signal there at 1pm still but price action well into our favor than an hour ago

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post #88 of 1212
2/15/12 at 1:39pm
Thread Starter 
Quote:
Originally Posted by jbrand1 View Post

Stopped out of an ES short trade from 48.50 on a 48.75 VPOC (Monday) breach, was looking for a trade down to the 45 POC.  I really liked this trade, and I don't mind getting stopped out, they aren't all winners!

 

es-215.PNG



I knew I liked this trade for a reason!  There's always next time.

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post #89 of 1212
2/15/12 at 4:06pm

Nice action today, well within range for a nice payout on friday EOD on GOOG. Poor entry here but conviction is correct so far.

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post #90 of 1212
2/15/12 at 5:12pm
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Quote:
Originally Posted by kylestt View Post

Nice action today, well within range for a nice payout on friday EOD on GOOG. Poor entry here but conviction is correct so far.



With 48hrs until op-ex, a weak SPX/NQ tape would certainly work to our advantage.  I'm still seeing the same "true demand" zone I highlighted in the weekly chart, 600 seems to be a psychological support level, whereas 580-585 certainly has the real support via accumulation.  Let's see how this plays out:

 

goog215.PNG

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post #91 of 1212
2/15/12 at 6:08pm

man i forgot, did you have your cover on the commons for business hours? check lod print in AH at 602.07, talk about knowing the bottom hahaha! someone got you by a penny.

 

i keep checking apple's candle just for giggles, almost tooo perfect

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post #92 of 1212
2/15/12 at 6:13pm
Thread Starter 
Quote:
Originally Posted by kylestt View Post

man i forgot, did you have your cover on the commons for business hours? check lod print in AH at 602.07, talk about knowing the bottom hahaha! someone got you by a penny.

 

i keep checking apple's candle just for giggles, almost tooo perfect



I have a LOD print of .56 on my platform, I did cover my shares afterhours for 602.00 though, certainly aiding in padding any potential downside if the play doesn't pan out.  Looks like I could have even done better, 602 firmly on the ask now.

 

edit: oh, I see you were referring to AH.  Yeah, I had a day-order, but I saw the ask come down AH for the fill.

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post #93 of 1212
2/15/12 at 6:20pm

Nice exit man

 

/ES making an effort at taking out 38.00 now

 

I could see AAPL going for 480 or even 468 if we get some solid selling this week.

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post #94 of 1212
2/15/12 at 6:26pm
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Quote:
Originally Posted by kylestt View Post

Nice exit man

 

/ES making an effort at taking out 38.00 now

 

I could see AAPL going for 480 or even 468 if we get some solid selling this week.



Those Feb 500p went from a LOD of .50 to a HOD of 7.35 on over 17K cts changing hands, talk about a score!

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post #95 of 1212
2/15/12 at 6:28pm
Quote:
Originally Posted by jbrand1 View Post



Those Feb 500p went from a LOD of .50 to a HOD of 7.35 on over 17K cts changing hands, talk about a score!



even with premium, a straddle tomorrow night into friday may be a nice pay day considering how volatile its been lol

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post #96 of 1212
2/15/12 at 6:37pm
Thread Starter 
Quote:
Originally Posted by kylestt View Post



even with premium, a straddle tomorrow night into friday may be a nice pay day considering how volatile its been lol



I agree.  In fact, if the below chart was a representation of the SPX the average eye would say it's in the midst of a blow-off top prior to capitulation and syndicate/smart money accumulation.  I think this thing can continue down, and I still believe the action in AAPL (as I've been saying prior to the 500 upside breach) is truly reflective of the latter stages of the distribution phase in the S&P -- retail money was clearly buying this name above 500 to catch the final leg of the move before the correction that trumps the upside:

 

aapl0215.PNG

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post #97 of 1212
2/15/12 at 9:35pm

man if we could actually time our entries and exits i think we could make bank LOL! /ES 1335 fml

 

i'm gonna average down like a bawss tomorrow

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post #98 of 1212
2/15/12 at 9:52pm
Thread Starter 
Quote:
Originally Posted by kylestt View Post

man if we could actually time our entries and exits i think we could make bank LOL! /ES 1335 fml

 

i'm gonna average down like a bawss tomorrow



ES target 1 hit for you.

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post #99 of 1212
2/15/12 at 10:15pm

yea man 1334.88 is what i think i had the other day, so the bounce at 34.75 is close enough., figured it would take until friday to see $80 on the /dx as well, however tonight sounds just as good lol. Of course this is perfect spot for the euro to bounce so what happens between now and open tomorrow who knows.

 

will for sure be the most fun we have seen in opex in 3-4 months IMO.

 

Trying to focus on the 4hr timeframe with this strategy. So far its starting to reflect some fairly decent returns.

 

1) TS/KS cross about to occur (bearish)

2) Price below both TS and KS (bearish)

3) CS lagging indicator under price action (bearish)

4) Price breaking top Kumo support and entering into cloud (bearish)

5) Projected kumo cloud closing and about to give a cross (bearish)

 

Soo umm yea, 5 bearish things, granted they all have not signaled yet, they are very very close and should be by tomorrow morning in theory. Target is bottom of the kumo where we SHOULD get a bounce unless sellers say otherwise.

 

es4hrfeb15.jpg


Edited by kylestt - 2/15/12 at 10:25pm
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post #100 of 1212
2/16/12 at 9:42am
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Quote:
Originally Posted by jbrand1 View Post



Avg'd down on the 595p @ .55, cost basis is $1 exactly (first lot of cts @ 2.55 had 1.10 deducted due to selling 605p).  Also short GOOG common at 606.22.



Out 595p @ 2.15 (+115%)

 

Mortimer, we're back!

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