Futures up. I'm surprised.
$30,000 Millionaire said:
Futures up. I'm surprised.
Beat the Hell said:$30,000 Millionaire said:
Futures up. I'm surprised.
Listen to el presidente
Prognightmare said:I spend most of my time on F16 but have refrained from really getting into this because minds will not be changed and the vitriol will only escalate leading to the elimination of F16.Swollen Thumb said:Prognightmare said:
It's gone BSC that's for sure. A few longtime vets caught bans, with some permas. A lot have dropped their stars or closed their accounts. F16 won't survive, imo, which is bad because it will bleed over into other forums.
Everyone knows I'm political but I make a conscience effort not to bring it into here or the tears thread.
Don't take the bait on F16 and get yourself banned. We need you here.
During all this chaos the past few weeks, I've really only spent time on this thread because everyone is cool and focused on one goal, making money.
Tex Shirley said:
They are fast and loose with the ban hammer these days. Keep your head on a swivel.
You can almost spell "Irish" from "Shirley"Prognightmare said:Tex Shirley said:
They are fast and loose with the ban hammer these days. Keep your head on a swivel.
Which thread and who were you prior to July 1st?
McInnis 03 said:You can almost spell "Irish" from "Shirley"Prognightmare said:Tex Shirley said:
They are fast and loose with the ban hammer these days. Keep your head on a swivel.
Which thread and who were you prior to July 1st?
Interested in this. I'm not familiar with this play but assume it's a data driven indicator of gaps based on previous day volume or premarket volume?McInnis 03 said:
I was thinking with a gap this large that the volume would preclude the gap play, but as of right now, it's looking like it'll be a "go" this morning.....tbd.
jbeck3487 said:
MGNI (formerly RUBI) is up ~6.5% to 7.25
Pretty much that on the play. It's one of Carter's moves, where he looks at the size of the gap and the size of the pre-market volume to determine whether or not to fade the gap.59 South said:Interested in this. I'm not familiar with this play but assume it's a data driven indicator of gaps based on previous day volume or premarket volume?McInnis 03 said:
I was thinking with a gap this large that the volume would preclude the gap play, but as of right now, it's looking like it'll be a "go" this morning.....tbd.
Keep in mind that SPX topped out Thursday over 3165 so I could see a scenario where we open up around 3170, knock out a quick flash V dip under 3160 to close that gap on the daily, and then power move to 3200+. Not saying that is likely and probably a bit optimistic since I held very long over the holiday weekend.
CrazyRichAggie said:
NIO up 20% pre market
The "opening gap fade" is a setup that is described in John Carter's book, "Mastering the Trade" and it's predicated on the market not being fond of leaving gaps behind. The setup is fairly basic in that markets move overnight; however, because one sector's benefit may be another sector's loss and vice versa, the gaps often times fill on SPY, DIA, /ES, and /YM. The indicator on whether or not the overnight move is a move of conviction is volume on the ES or YM from 7a - 8:20a (central). When volatility is low (say VIX 20-30) then on a 30 min chart, if less than 50K contracts exchange on ES (that's what I use) in that time frame, the move lacks conviction and the setup is present. If the contracts are pushing up to 75K you can play a half-gap fill (ie: if 4 points is the gap, target is a fill of 2 pts). Anything more than that and the setup does not exist. He presents data where they track this play for about a decade, and the fills (when the volume conditions I stated here are present) are about 74% on mondays, 80%+ on T, W, Th, and 74%+ on Friday's. The play does not get taken on OPEX Friday and one other Friday that I can't recall right now.59 South said:Interested in this. I'm not familiar with this play but assume it's a data driven indicator of gaps based on previous day volume or premarket volume?McInnis 03 said:
I was thinking with a gap this large that the volume would preclude the gap play, but as of right now, it's looking like it'll be a "go" this morning.....tbd.
Keep in mind that SPX topped out Thursday over 3165 so I could see a scenario where we open up around 3170, knock out a quick flash V dip under 3160 to close that gap on the daily, and then power move to 3200+. Not saying that is likely and probably a bit optimistic since I held very long over the holiday weekend.
CrazyRichAggie said:
NIO up 20% pre market
Psh, you're one of the smarter ones here. And as for adding stuff, if what you have is working, why fix it?59 South said:
Cool thanks, that's what I suspected. I probably need to study up on Carter and maybe read his book (I hate reading books, just don't have the attention span and time).
I've been meshing some strategies that are working well for me, and adding some of his stuff might be overdue. I like to keep it stupidly simple though because I'm a dumba$$ at heart.
LOYAL AG said:CrazyRichAggie said:
NIO up 20% pre market
Is this a rise or has it gone plaid? It's up a hell of a lot in a short period of time.
Same with SOLO.McInnis 03 said:
I think NIO is benefiting from TESLA overrun. People who can't live to play TESLA are now playing NIO in it's place.
WTF is going on there??? It was over 4 before market. Now it's 3.00. I thought the news was a pretty massive deal.Proposition Joe said:
GNUS
fightintxag13 said:WTF is going on there??? It was over 4 before market. Now it's 3.00. I thought the news was a pretty massive deal.Proposition Joe said:
GNUS
Kind of my thought. It's up 80% in five days. Not sure it's got much more to it before it comes back to earth. Wish I'd filled Thursday but when it didn't I'm not sure I want to get in right now. I'm more of a Buy-Write guy than a buy and hold but I fill now at $11.50 and it falls back to $6 I'm stuck holding it for a period and probably can't sell the Calls without losing money on the trade.McInnis 03 said:
I think NIO is benefiting from TESLA overrun. People who can't live to play TESLA are now playing NIO in it's place.