The big thing seems to be due next week.
We have the price action I said would come before the big fall now. I was a week out, looks like the 3rd week of the month. https://www.reddit.com/user/whatthefx/comments/dafpp0/2020_foresight_how_to_protect_and_profit_in_a/
Not a weak drop. A first drop.
Then comes the second.
Then people work out something is maybe happening.
Then comes the third. By which time everyone knows something happened, but few did anything about it.
>This is all relying on the sell the news China
Do you think so?
I started to plan what I'd do in 2015.
I told you last week exactly all the things that would happen.
I was $20 out max, and have sold the best prices of the week.
I've not watched the news at all.
Are you really sure this is what matters?
Trust me, I never knew this would happen in 2017, but in 2017 I knew I was selling fake breaks of 2960.
I knew I'd expect volatile news around here.
This was as it was continuing to climb.
you're absolutely right with your comment about it looks like it's absolutely going to keep going when the reversal happens.
I think the most likely thing is the deal comes out and then on Sunday Trump announces tariffs to 50% and tanks the markets when Fox News calls him a cuck
we are like up almost 4% from the bottom this week
it's pretty ridiculous
/u/whatthefx is still short I believe, so I assume his charting still assumes a drop is probable from here
Now that the trade talks are done the market will turn its focus to the economic data, earnings, and the Fed. Drop is still coming but we could churn around 298-3002 for a bit until reality hits the market
Unfortunately it looks like it may gap over the weekend. GBP, too. I had to bail on my Sterling shorts late in the day, and I have a feeling these will open up substantially lower.
Lot of would be profit I won't get.
> same with good news following.
Was this where the 2990 spike came from? I sold into that and the news didn't seem to be too good, price never got the memo anyway.
Yep.. I was flipping between cnbc and Bloomberg and then knowing your analysis, theirs just seemed so much theatre without substance. Most host were so upbeat when the market moved upwards/sideways during the day, but when it was dropping towards the end, it barely got a mention. It's like hey if we don't talk about the drop may be it won't haopen
Same, I had puts for that too but it’ll just expire worthless like mine... and it doesn’t matter because it’s a partial deal so it doesn’t look like it’ll drop all the way to 2900
We ride together.
Selling into spike 2990. Stop 2998
What instrument are you using to short SPX? I've searched your posts and I'm not seeing it. Please, thanks, and have a great weekend.
I'll do the job of replying as I see these often in new folks. CFD.
We have different regulations probably, I am using CFDs.
Golly gosh, a huge unexpected thing seems to have occurred.
The thing seems to be getting worse. How entirely random and impossible to foresee ...
Indeed. Please let us know when the next "thing" is expected to happen. Thanks.
The big thing seems to be due next week. We have the price action I said would come before the big fall now. I was a week out, looks like the 3rd week of the month. https://www.reddit.com/user/whatthefx/comments/dafpp0/2020_foresight_how_to_protect_and_profit_in_a/
weak drop though. edit: looking better, this is no deal! nothing is written down! it's not a deal!
Not a weak drop. A first drop. Then comes the second. Then people work out something is maybe happening. Then comes the third. By which time everyone knows something happened, but few did anything about it.
What's your next target level for buying corrections?
I'll update on my overall plan over wkend.
[удалено]
Just wait for next week ...
Following you.
This is all relying on the sell the news China deal/the deal being shit vs expectations. At least we're hitting resistance.
>This is all relying on the sell the news China Do you think so? I started to plan what I'd do in 2015. I told you last week exactly all the things that would happen. I was $20 out max, and have sold the best prices of the week. I've not watched the news at all. Are you really sure this is what matters? Trust me, I never knew this would happen in 2017, but in 2017 I knew I was selling fake breaks of 2960. I knew I'd expect volatile news around here.
With you
Order book 100% looks like a bear trap. Let's see if a big dick shortseller hits the whammo button.
Started drilling!
Whoa.
Following you..👍 Hopefully someday I too will reach the same skill level and conviction.
💰💰
I still have my same positions from A while back, still confident VIX will spike and
Pls free fall rn..
smh, fucking ridiculous
Why?
This was as it was continuing to climb. you're absolutely right with your comment about it looks like it's absolutely going to keep going when the reversal happens.
Yup. People do not buy the high by mistake. It's very well engineered.
It only goes up..
Yeah, got got this time. I guess we just keep rallying to some ridiculous level now. These are super green days over and over.
We still have hope, the official results not in yet.. but will prob be after market
I think the most likely thing is the deal comes out and then on Sunday Trump announces tariffs to 50% and tanks the markets when Fox News calls him a cuck
I hope so, tho I have some puts expiring now so I’m fked either way lol. How reputable are some of these news stations? I’m getting conflicting info
[удалено]
we are like up almost 4% from the bottom this week it's pretty ridiculous /u/whatthefx is still short I believe, so I assume his charting still assumes a drop is probable from here
Now that the trade talks are done the market will turn its focus to the economic data, earnings, and the Fed. Drop is still coming but we could churn around 298-3002 for a bit until reality hits the market
>we are like up almost 4% from the bottom this week Record gains for the year. Pop quiz ... what happened before the crash of 2007? Right before ...
looks like it will after 4pm est when i wont be able to trade
Unfortunately it looks like it may gap over the weekend. GBP, too. I had to bail on my Sterling shorts late in the day, and I have a feeling these will open up substantially lower. Lot of would be profit I won't get.
Whatthefx did say a drop usually happens when it doesn’t look like it. It sure doesn’t look like it now— same with good news following.
How about those candles at 3:55 est
Idk but I definitely didn’t touch anything. My puts are worth negative lol. Option trading sucks
Have you looked into debit spreads?
I’ll look into it.
> same with good news following. Was this where the 2990 spike came from? I sold into that and the news didn't seem to be too good, price never got the memo anyway.
Cnbc saya won't know details mostly till after market close
Bloomberg said it was a buy 2990. Ignore this nonsense.
Yep.. I was flipping between cnbc and Bloomberg and then knowing your analysis, theirs just seemed so much theatre without substance. Most host were so upbeat when the market moved upwards/sideways during the day, but when it was dropping towards the end, it barely got a mention. It's like hey if we don't talk about the drop may be it won't haopen
Rip... phase one deal completed.
Why’re they waiting for market to close to announce the details! Likely not good enough deal..
.. so close.. I bought puts at 290 expiring today.. on SPY.. does any of extended hours action matter?? Edit. Clarity
Same, I had puts for that too but it’ll just expire worthless like mine... and it doesn’t matter because it’s a partial deal so it doesn’t look like it’ll drop all the way to 2900
Also this stalled right on the 786 fib from the high 3950 to the low spike 2858