Stock Market Intraday Chat: Feb 13th -17th - Page 58

I rolled over into the aapl calls. I'm getting bounced around here in this triangle. As long as I don't lose any money I'm coo with it. Freakin' market didn't want me short.

Think they took max pain on those calls?

Oscar keeps saying "What ever you do ... Do not fall in love with the downside"...

ASK is still heavy. 

looking for price to move up a bit until the BID can match

or the ASK drops. 

churn and burn. set up for highs next week.. nice.

Market Profile is such an interesting way to look at things ....
 

Quote:

Originally Posted by IchibomB 

ASK is still heavy. 

looking for price to move up a bit until the BID can match

or the ASK drops. 

TVIX is refusing to go below 17 while the market is going up!!

Ichi can you post that same profile for IWM or TNA?

Originally Posted by Rock Sexton 

Market Profile is such an interesting way to look at things ....

Definitely although just the bid/ask has more to do with understanding order flow.

Order flow combined with the profile is a great combo for trading the auction process of supply/demand.  

Monthly buyers auction at 58

Weekly Buyers auction at 54.75

Daily POC at 56.75

Daily development between 53.75-61.25

I don't see price holding below 53 (into the daily sellers auction) today
 

Sorry, ya order flow .....
 

Quote:

Originally Posted by IchibomB 

 

Definitely although just the bid/ask has more to do with understanding order flow.

Order flow combined with the profile is a great combo for trading the auction process of supply/demand.  

 

Monthly buyers auction at 58

Weekly Buyers auction at 54.75

Daily POC at 56.75

Daily development between 53.75-61.25

 

I don't see price holding below 53 (into the daily sellers auction) today
 

 

Looks good. Minimal risk with an upside potential and a target of 9.50
 

Quote:

Originally Posted by rando 

Bidding on some AKS long for the kid college fund... under 8.15 is a pretty good entry if you want to use the 7.90 low for a stop, made a higher low on today's low, earnings probably digested. Could have had some under 8.10 if I was watching it this morning.

Quote:

Originally Posted by rando 

Bidding on some AKS long for the kid college fund... under 8.15 is a pretty good entry if you want to use the 7.90 low for a stop, made a higher low on today's low, earnings probably digested. Could have had some under 8.10 if I was watching it this morning.

funny, i remember a couple years ago my company try to made a bid over AKS...

the deal didnt happened cause the pension funds, if I remeber right; since than I always keep an eye on her

Did you just post your EKG results?

Quote:

Originally Posted by StockJock-e 

Transports being naught this week, they dont want to rally like their friends here

 

Originally Posted by Rock Sexton 

Sorry, ya order flow .....

yep, I know that's what you meant. Just explaining for other readers.

Quote:

Originally Posted by Tekfreak 

Did you just post your EKG results?

 

OMG!  Speaking of EKG's, I just realized that I really don't need to trade any more because I am already rich in PM's and commodities.

I have SILVER in my hair, GOLD in my teeth, CRYSTALS in my kidneys, SUGAR in my blood, LEAD in my ass, IRON in my arteries and an inexhaustible supply of NATURAL GAS  

I am admitting defeat on this one. XIV is at 1.34 now, so it would be a 10 cent profit at this exit and I recommend the exit at this point.

I thought it will go to 8.60 easily by now but TVIX is resilient and holding the line while the market is going up. So, no point in trying to risk any more.

I am looking for exit as well from XIV.
 

Quote:

Originally Posted by Philosuffer 

Here is a trade with 95% confidence (Kyle, make a note:)) for anyone with capital to take benefit!!

 

Buy XIV right now in pre-market at 8.26 or so (last trade when I posted this  was 8.23) and sell it with in a couple of hours from market open above 8.60.

Most likely probable trade!!! 4%+ gain in short time!

 

Do share if you did this and the result!!

 

This is also a high probable trade because, the amount of drop in TVIX at the moment is not appropriately reflected in the amount of gain in XIV. XIV is lagging due to resistance level at 8.3 and this divergence will be corrected soon and XIV would gain!

 

Edit: Sold all 4000 shares of XIV at 8.34 (entry was at 8.03)

IWM and SPY going in opposite directions