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Paps pre open prep
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Paps pre open prep

  #101 (permalink)
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not any predictions....however will need to check how all this plays out in time and just a note to myself.
Its not a simple correlation to earlier studies. There is always new data and price points due to ETFs etc which i dont have time to get into. Just however trying to observe similarities in distribution periods.

will however keep an eye out....if everything hunky dory...we should not see a cause of concern in nov-dec per my thinking....else may need to be vigilant

around aug-sept 07
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around nov-dec 07
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around aug 15
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around nov-dec 15 will come up ?

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  #102 (permalink)
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12-1 was ok day....could not go long. so whatever was made was in the short... the huge upside was a surprize. anyways it reminded me of "Trade what you see, Not what you think". However some of the stuff I look at showed sells under the hood and was away when it showed the uptick...so no matter what Internals/Tick showed i could go for the long after LOD. Anyways was out of the markets early into LOD...so no regrets.

Anyways few obervations:-

a. Nyse
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b. nas
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c. russ
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d. Ctick showed selling well into the day...i normally do not take a long due to this.
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f. Vol/Open Interest also showed sells under the hood
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Aapl was a sell all along. Maybe aapl does not have any effect on markets...hmm will see. whats with the fang

f. Semi's were the last to add fuel to the rally
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g. there was a certain print after market close. Maybe a position square.
But when instrument trades only 300K....a 150K block at end of day...am not sure...if this is a MOC/MOO.
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anyways 92s area seems a line in sand for her to move up. 2110-15 can be upper targets and higher.

will keep both options in mind. Especially depending on how ADSPD & Tick behaves at open....and considering what Vol/Open Interest has done thru OVN. So far shes looking high n mighty

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  #103 (permalink)
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Ball is in no one's court. However Bulls need to get benefit of doubt with no margin for errors.

Will always trade for the day.....however will need to be always aware of longer term trends. Does not matter for trade bias during the day as the context nearly comes from 30min/5min & smaller charts. But the bigger levels are good to have.

With volatility the way it is....the moves will be bigger.

Here is the TICK. Bulls case can be made. However also a Bears. We will know in next 2-3 weeks since so many headwinds
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2nds ...have we seen a good down push. Well maybe not. & if we do maybe we dont have time for Seasonality rally. So both scenes are there
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here is however the bigger pic. No bias. Do what the chart and OF says at the moment.
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but also do not like large distributions so late into the year. well maybe the opportunity is on the downside?. will see as market can do rip the face.
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either ways UP or Down she is there to make BIG Moves in the times ahead. See you into the next year. Will journal if see anything.

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  #104 (permalink)
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need to be mindful of ranges expansions on either end getting into next week. Will need to revisit Sunday getting into Monday

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  #105 (permalink)
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need to be mindful of ranges expansions on either end getting into next week. Will need to revisit Sunday getting into Monday

Happy New Year. May 2016 we the best in our trading life's. Be Good...Help.....Evolve....Prosper

Well will be looking at a slightly expanded chart getting into weekend. Targets Below / Targets Above. OPEN Mind
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Yo Resolutions. So far never kept them . Will see.
a) Well I stopped journal-ling. And maybe it forms a bias. At times will throw in some stuff.
b) Also during trade day i became aware due to a friend that I form Bias. This can be a hindrance. So will ensure no bias during RTH/OVN or whenever. If day trading...do what PA does with rational and context w/o bias.

No endorsements.....just 2 vids i love



Link >> https://twitter.com/BMWiUSA/status/679427495532204032


cheers


Last edited by paps; January 9th, 2016 at 12:46 AM. Reason: missed updated chart :)
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  #106 (permalink)
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correlation. i was not liking what i saw on 1/6 1/7..corr of 1 indicates 1 sided to me

anyways just a marker...nothing else

12-23
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12-30
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12-31
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1-4
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1-5
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1-6
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  #107 (permalink)
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wow..what a sell off. Well the Tape never lies "Livermore?"
anyways there was -11Mill of a financial instrument sold into close on 1/2. Was weary on that. Guess it took its toll

the day sold off. Still -88k short...which is not a good sign.
can some news squeeze them. well will see.

was hoping to see Buys on todays tape...however there still seem to be sells. See a -5Mill on a financial instrument. Also a -11Mill on a financial ETF. Am hoping what i am seeing is wrong....& will look to see if there is a bounce.

anyways not trying to be a FA. Was told quit being an analyst & trade. But Tape and Volume is what i read.....& hence this is just a marker to myself at this time.

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  #108 (permalink)
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There we have it...OF with MOOs . Good cause for a drop. ....and no broad based sells and hence rally. Anyways if they don't go well past 40s on ES...the current shorts still not taken out per OF and VI.

Have not yet gone into any equity pos this yr. There are a few things I watch and hence waiting as not liking some of VI on Spy. Though trade ES I need to see spy VI along with broad based buys. Well looking to get in between now and end of 1st qtr hopefully and cautiously. My equity position is not for bounce plays...it's atleast for a yr pos depending on valuation.

Either ways...on ES order flow reading the broad market. Again there have been good covers and some buys. But so far not seen broad buys. Open mind and will play lower to upper ranges for now. Monday being a holiday remains to be seen how many portfolio mgrs willing to go long unless they r already hedged.

Current range still looking at 1820 to 2050s. Surpass either and will need to check conditions and contexts. It's just funny when you think all is well.....all stuff in the world...currencies...go political ..debts...all start to come together.

So next entry will be after ranges are breached or big buy sells come as these are recorded by me and journal serves as a reference point.

Goodluck...n cheers

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  #109 (permalink)
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Tape reading into Fridays close. With Prices hammered & also a decent rip during the day. All in all...was average trading and left too many on the table. Made up a lil into the Open Sunday EU.

Anyways....am still looking for a elusive entry into equities. However my tape readings show some massive Financial sells into close on Friday. Even considering the huge short squeeze which can come anytime due to Market Build up of Shorts on ES or CL....still my bias is guided by financials for longer term pos. For day trading wont have a bias...but will still see if there is overhead resistance. Tuesday Pre Market is key into the tape.

This is just a marker to myself....Tape reading is just my note to myself....so i can refer to my excels on any given day.

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  #110 (permalink)
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mentally not going with a bias. however the range looking at some stuff...maybe very big. Am watching price if it even gets to 49s to 35s and as much as 1910-20s upside if touches downside. But if none of this plays ...will need to check. Either ways maybe really no bias....just watching PA. If more than 15 -20pts GUP will not have a bias at all....& just prob plays.

Tape has not given clear indications. every day is not that simple. Seems some big buys & big sells. However if anyone of these are coming in from options plays....cannot guess. So may not go with a bias at all. Will see how OVN tracks to the range and within there & then go from there. Either ways play small.

Notes to self:- Compare Index pricing close at 1/20. Check what happens with financials/tech/oil/treas. Watch...were these options plays. Mark and keep notes. Check OVN///check EU....check Pre-open & check how far if at all a GUP.

Note:- The Big Buys...could they be Big Options Sells...check that close 1/20


Last edited by paps; January 19th, 2016 at 06:49 PM.
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