MyPivots
    NE
    NewKid
    Rep: 16,470
    Posts: 1,915
    1
    (Edited )
    Bands for the day. Good luck to all.

    Click image for original size
    iv031815 png


    Tuesday was an inside day with respect to Monday so I will be on the lookout for a breakout of the 2 day balance or a look outside balance and failure. I expect the morning to be slow and choppy until the FOMC announcement at 2 EST so the fades have a better chance of working than a breakout in the morning.
    Feb VPOC/POC: 2083.5
    March POC/VPOC: 2067.5/64.75
    Weekly POC/VPOC: 2038.75/39
    All time high: 2117.75

    Greenies:
    2085
    2065.5
    2063.75
    2052.25
    2050.5
    2036
    2029.25
    2022.75
    BR
    BruceM
    Rep: 216,211
    Posts: 19,895
    2
    they may have sucked me in but I am long at 60.25....will try for Ib high first.....
    NE
    NewKid
    Rep: 16,470
    Posts: 1,915
    1
    cool. should be an interesting trade. you are basically getting long at VAL and looking to get the POC

    Originally posted by BruceM

    they may have sucked me in but I am long at 60.25....will try for Ib high first.....
    BR
    BruceM
    Rep: 216,211
    Posts: 19,895
    1
    we have a poor high and a buying tail...now if only we can keep the 30 minute closes above YD va lows we may have a shot at that 65.....but i will aslo be concerned about that 63 low from YD afternoon
    NE
    NewKid
    Rep: 16,470
    Posts: 1,915
    1
    FWIW, the VPOC for the day currently sits at 59 and on days like today, it can act like a big magnet
    BI
    Big Mike
    Rep: 8,097
    Posts: 696
    1
    I will nibble long if it bounces off 59
    NE
    NewKid
    Rep: 16,470
    Posts: 1,915
    1
    Bruce, I did not mean to jinx your trade. I was simply making an observation without my money on the line.

    Originally posted by NewKid

    FWIW, the VPOC for the day currently sits at 59 and on days like today, it can act like a big magnet
    BI
    Big Mike
    Rep: 8,097
    Posts: 696
    1
    0 for 2 today. Time to conserve capital for another day.
    NE
    NewKid
    Rep: 16,470
    Posts: 1,915
    1
    Mike, did you take the -10 trade from YD close? That would have put it at YD low like you had pointed out earlier.

    Originally posted by Big Mike

    0 for 2 today. Time to conserve capital for another day.
    BI
    Big Mike
    Rep: 8,097
    Posts: 696
    1
    No, I didn't. I got tangled up in other domestic duties and missed it! Should have set a limit order before I got called away.
    Originally posted by NewKid

    Mike, did you take the -10 trade from YD close? That would have put it at YD low like you had pointed out earlier.

    Originally posted by Big Mike

    0 for 2 today. Time to conserve capital for another day.

    NE
    NewKid
    Rep: 16,470
    Posts: 1,915
    1
    Bruce, how are you playing the options before 2 ET? What kind of a position do you have in SPX?
    DA
    day trading
    Rep: 39,586
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    0
    (Edited )
    Originally posted by Big Mike

    0 for 2 today. Time to conserve capital for another day.

    Big Mike: Enormous kudos for not trying to kid yourself or anyone else and being open with your results. I'm incredibly impressed with the humility and humanity expressed by you and BruceM and New Kid and all the others for your ability to "vocalize" you losers as well as yours winners.

    No matter what we do in life we will have successes and failures. I think that it's our ability to accept and own our failures that makes us successes in the future.

    Also great to see that winning trade of yours at the end of the day!

    Good trading everyone!