CC09LawAg said:
I think a big part of my problem is I started right during this energy run up and basically doubled my "fun money" in month one and got a way overinflated ego. And now I get my serving of humble pie.
If I can land somewhere in between consistently I'll be happy. But you're spot on - when things start to go haywire I don't have any organizing principles or plan to help me refocus.
I think I am going to scale way back on position sizes for a few weeks and focus on the % of my plays and not the actual $$.
CC09LawAg said:
What is the easiest way to chart model T, particularly in trading view? What specific data points do I need to be looking at?
Charismatic Megafauna said:
Maybe i place too much importance on engulfing candles but that action like your charts show from 11:45-noon usually pushes me off.
Rest assured I am working hard this weekend and have not slept since yesterday here is my master road map for $SPY next week.
— John Kent (@KentsBrokerage) November 19, 2022
Every possible scenario has been mapped out good luck to all of you. pic.twitter.com/VnlHnvk0SP
What's funny is there's a decent trader on the fintwit named "yourboymilt" and one of his trade systems is marking a day high and low line on every day for the past year. Looks about like that zoomed out, but gives you some good S/R zones when zoomed in intraday.sts7049 said:Rest assured I am working hard this weekend and have not slept since yesterday here is my master road map for $SPY next week.
— John Kent (@KentsBrokerage) November 19, 2022
Every possible scenario has been mapped out good luck to all of you. pic.twitter.com/VnlHnvk0SP
sts7049 said:Rest assured I am working hard this weekend and have not slept since yesterday here is my master road map for $SPY next week.
— John Kent (@KentsBrokerage) November 19, 2022
Every possible scenario has been mapped out good luck to all of you. pic.twitter.com/VnlHnvk0SP
LOL, I'm starting to get there. I figure thanksgiving will be a good spot to remove all the old lines and just have the recent ones in. But it's been a game changer for me charting myself and not trying to rely on others, usually just chart daily highs and lows, and other areas of interest, model T etc.irish pete ag06 said:What's funny is there's a decent trader on the fintwit named "yourboymilt" and one of his trade systems is marking a day high and low line on every day for the past year. Looks about like that zoomed out, but gives you some good S/R zones when zoomed in intraday.sts7049 said:Rest assured I am working hard this weekend and have not slept since yesterday here is my master road map for $SPY next week.
— John Kent (@KentsBrokerage) November 19, 2022
Every possible scenario has been mapped out good luck to all of you. pic.twitter.com/VnlHnvk0SP
ProgN said:
irish pete ag06 said:
SR?
Ah yes... I did that on there. Wonder what parameters the use to clone that?FJ43 said:irish pete ag06 said:
SR?
Support and Resistance level
damn noobs, hahaha, just giving you a hard time PeteFJ43 said:irish pete ag06 said:
SR?
Support and Resistance level
Quote:
It will be a holiday-shortened trading week, but it will not be short on news events. The massive news event will come on Wednesday at 2 PM with the release of the November Fed minutes. These minutes will likely reverse the equity market's celebration following a lower-than-expected October CPI report, as the Fed has a different view and is already pushing back hard.
…
Additionally, the VIX should rise sharply heading into the FOMC meeting on December 14. Not on worries over a 50 or 75 bps rate hike but due to concerns over the Fed's Summary of Economic Projections and the committee's dot plot for terminal rate for the end of 2023.
In fact, throughout 2022, there has been a pattern of the VIX rising or falling into the FOMC meeting following the market's perception of the Fed minutes. Currently, the VIX is trading towards the lower end of its trading range, around 23. The last time the VIX was this low heading into the release of the FOMC minutes came back on August 17, which also marked the end of the August rally and was followed by a sharp rise in the VIX and a very sharp decline in the S&P 500. The same thing also happened at the beginning of April, which also marked the end of the March rally, and early January, which marked the market peak.
…
The Fed has been telling the market all year that it intended to raise rates aggressively and wanted financial conditions to tighten. Yes, there have been countertrend rallies along the way, but if one thing is clear, the Fed has been committed to higher rates. If the minutes do not deliver that message this week, Powell will be sure to do on November 30 what he did on August 26 at Jackson Hole, putting the hammer down on the equity market again.
techno-ag said:
Some interesting predictions about the VIX here as we close out the year.
https://seekingalpha.com/article/4559258-fed-minutes-may-deliver-massive-blow-to-stock-marketQuote:
It will be a holiday-shortened trading week, but it will not be short on news events. The massive news event will come on Wednesday at 2 PM with the release of the November Fed minutes. These minutes will likely reverse the equity market's celebration following a lower-than-expected October CPI report, as the Fed has a different view and is already pushing back hard.
…
Additionally, the VIX should rise sharply heading into the FOMC meeting on December 14. Not on worries over a 50 or 75 bps rate hike but due to concerns over the Fed's Summary of Economic Projections and the committee's dot plot for terminal rate for the end of 2023.
In fact, throughout 2022, there has been a pattern of the VIX rising or falling into the FOMC meeting following the market's perception of the Fed minutes. Currently, the VIX is trading towards the lower end of its trading range, around 23. The last time the VIX was this low heading into the release of the FOMC minutes came back on August 17, which also marked the end of the August rally and was followed by a sharp rise in the VIX and a very sharp decline in the S&P 500. The same thing also happened at the beginning of April, which also marked the end of the March rally, and early January, which marked the market peak.
…
The Fed has been telling the market all year that it intended to raise rates aggressively and wanted financial conditions to tighten. Yes, there have been countertrend rallies along the way, but if one thing is clear, the Fed has been committed to higher rates. If the minutes do not deliver that message this week, Powell will be sure to do on November 30 what he did on August 26 at Jackson Hole, putting the hammer down on the equity market again.
FJ43 said:techno-ag said:
Some interesting predictions about the VIX here as we close out the year.
https://seekingalpha.com/article/4559258-fed-minutes-may-deliver-massive-blow-to-stock-marketQuote:
It will be a holiday-shortened trading week, but it will not be short on news events. The massive news event will come on Wednesday at 2 PM with the release of the November Fed minutes. These minutes will likely reverse the equity market's celebration following a lower-than-expected October CPI report, as the Fed has a different view and is already pushing back hard.
…
Additionally, the VIX should rise sharply heading into the FOMC meeting on December 14. Not on worries over a 50 or 75 bps rate hike but due to concerns over the Fed's Summary of Economic Projections and the committee's dot plot for terminal rate for the end of 2023.
In fact, throughout 2022, there has been a pattern of the VIX rising or falling into the FOMC meeting following the market's perception of the Fed minutes. Currently, the VIX is trading towards the lower end of its trading range, around 23. The last time the VIX was this low heading into the release of the FOMC minutes came back on August 17, which also marked the end of the August rally and was followed by a sharp rise in the VIX and a very sharp decline in the S&P 500. The same thing also happened at the beginning of April, which also marked the end of the March rally, and early January, which marked the market peak.
…
The Fed has been telling the market all year that it intended to raise rates aggressively and wanted financial conditions to tighten. Yes, there have been countertrend rallies along the way, but if one thing is clear, the Fed has been committed to higher rates. If the minutes do not deliver that message this week, Powell will be sure to do on November 30 what he did on August 26 at Jackson Hole, putting the hammer down on the equity market again.
Thanks for posting that. I'm long net free VIX calls for Dec monthly expiry. Will watch next week as I posted Friday to adjust if it's there.
looks like seasonally, he should get his wish. Helps him too, that we're near resistance, long term. I think Monday or Tuesday we gap up and run into Wednesday.techno-ag said:
TLDR: The author thinks if the market does not react appropriately according to the Fed's wishes that Powell will try to tank it Nov. 30.
$30,000 Millionaire said:
I am shorting crude futures. Stop 80.9. Target 78.9