14
Nov 2016

Pre-Market Newsletter Nov 14 ($USOIL $WTI, $DXY, $VIX, $GLD Gold, $SLV Silver, $SPY… more.)

Trading Plan , , , , , , , , Curt Melonopoly

My Stock Trading Plan for Monday November 14, 2016 in Chatroom.

Welcome to the Monday trading session! The futures bulls are alive and well and it should be a good week!

Admittedly, there are rips in certain areas that concern me (like Copper and the US Dollar – too much too fast)… so it seems watch and see and run with the bulls when most logically limited risk. Oil hasn’t ripped yet and Gold and Silver are down. Natural Gas is still confusing me (watching). Bond pain wow, just wow. So be careful everywhere.

Additionally transports last week flying relative to S&P500 and Dow Jones Trucking index hit 52 week high, chemicals look like they’re going to rip, junk bonds last week highest level vs Treasury Bonds since Dec last year $HYG / $TLT, financials $XLF showed relative strength, Saudi Arabia was on a rip $TASI, private REIT market was wrecked, and value stocks vs growth stocks are in break-out $IWD $IWF.

Also as I write the $FTSE just opened and went on a straight rip vertical and US futures are strong.

Specific to starting with more advanced traditional charting and algorithmic charting… the current market conditions are not the best time to do that… but I’ve started with an EPIC the Oil Algo post last evening and we’ll introduce more and more of our algo work over the coming days and weeks between now and end of November.

Momentum Stocks (Market Open and Intra-Day)

I do trade morning momo stocks (at times), but I do avoid risk. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter if I have time).

The momentum stocks (from previous days and morning trade) I continue to watch through the day for indicators that allow a trade.

Morning Stock Watch-Lists

Pre-market Decliners: $DVAX $RSO $MNKD $CETV $BRZU $DGAZ $JNUG $CXRX $NUGT

Pre-Market Gainers Watch-list: $CRBP $EBIO $OCUL $MENT $MTL $PTCT $MDCO

Misc. Watch-list: $ETE (Trump play? Chart), $FCX (Trump play ?), $VRX (Continuation?), $UGAZ (Chart), $C (Bank), $MNST (Bottom Play), $DRYS (Shipper), $THC (Bottom Play), $TPL (Trump Play), $JJC (Continued Copper Break-Out?), $AUMN (w / Gold and Silver break-out), $EPI (Chart).

Regular Watch-List: Gold $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG), Silver $SLV ($USLV, $DSLV), Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F), Natural Gas ($UGAZ, $DGAZ), S & P 500 $SPY ($SPXL, $SPXS), US Dollar Index $DXY ($UUP), Volatility $VIX ($TVIX, $UVXY, $XIV)

Stay tuned in Stock Chat Room for more pre-market stocks on watch.

Regular Trades:

S & P 500 $SPY ($SPXL, $SPXS)

My bias is toward all time highs on the near horizon… in fact, I think a rip is any moment… a serious rip – I’ve been posting that since before the election on my Twitter feed.

Until we get confirmation of a break-out and trend I will avoid posting pivots / Fib levels and algorithm charting because futures at time of writing look like they are blowing through the upside anyway.

My trading plan with $SPY: I expect volatility to get crushed and I will likely follow that trend with $XIV buys at range pivots / pending price action, volume and other geo events.

$DXY US Dollar Index ($UUP US Dollar Bull, $UDN British Pound, $FXY Japanese Yen Trust, $CNY China, $TZA, $SMK / $EWW Mexico Capped ETF)

The US Dollar has ripped hard – my twitter post outlines main resistance – but it may blow through those like nothing… that is yet to be seen. Here again, when things settle some we’ll work with the standard charting pivots, Fib levels and algorithmic charting (hopefully sometime this week). For now it’s watch.

The Mexican Peso seems way over done to so I’m watching. And China has pegged lowest ever I think (have’t looked yet).

I’ll be watching $FXY for clues with Gold and Miner’s.

My trading plan with $DXY: I may take a long on $UUP if I can lock in a range that makes sense.

Volatility $VIX ($TVIX, $UVXY, $XIV)

$VIX 315 AM EST Nov 14, 2016 – Likely to get crushed well below diagonal trend-line and right down to previous lows.

My trading plan with $VIX (volatility) is to run with $XIV at edges of range (if I can catch them).

Gold $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG)

I have posted since the beginning of Oct that I expected an elevator down and posted buy triggers. It seems we’re almost there and a decision will have to be made if and when we get there. If we don’t get there I’ll see.

My trading plan with Gold: Wait for the buy trigger to hit. If it doesn’t reassess range then.

Other equities I like for Gold Trade: $AUMN (penny stock)

Silver $SLV ($USLV, $DSLV)

Same as with Gold, I am looking for one floor down and hope I get it.

My trading plan with Silver: Wait for the buy trigge to hit. If it doesn’t reassess range then.

Other equities I like for Silver trade: $AUMN (penny stock)

Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F)

Epic the Oil Algo has published his first daily report – you can find his oil trading report here.

In summary (at time of writing at 1:39 AM ET) your trading ranges are as follows:

Diagonal trend lines:  Resistance 45.68. Support 43.11 / 42.85. (change intra with diagonal blue lines).

Horizontal trend lines: Resistance 45.78. Support is 43.33 / 43.03 (purple lines).

Moving average: Resistance at 200 MA on the 1 HR.

Alpha algo lines: Refer to chart (red dotted diagonal).

Alpha algo targets for week: At time of writing EPIC has not released any updates.

Traditional chart pivots: Next segment of publishing from EPIC coming soon.

Traditional Fibonacci: Next segment of publishing from EPIC coming soon.

Trader notes on oil.

My plan trading oil is to take a long position in $UWTI in my small account if the support holds and there is corresponding price action / volume. I will sell in to strength and re-enter as needed and I will sell VERY FAST if support is breached. If oil gets proper lift (which I don’t expect until we get closer to the oil meetings – which by the way there is some news there) then I will consider entering in size long with my large swing account, HOWEVER, oil has not traded agressively for some time so this is not something I expect just yet.

Crude oil current trading range 42.85 – 45.78 (see chart).

Other Equities I like for Oil or Energy Trade: Tape / Chart – $ETE, $RIG. Shorts – $WLL, $RES, $JONE, $AREX, $REN, $CLR, $HP. Fundamentals: $EOG, Pipelines – $XLE: $HEP, $SXE, $KMI, $DPM, $TGS, $ENB, $EEP, $PTRC, $HGT

The patience trick / discipline with crude is don’t go long unless you see those big volume spikes and preferrably some follow through. When the bulls and machines are in crude buying the dips you’ll know – and then it’s like a bank teller machine over and over. But it does go in cycles.

Study:

Free scanners to find momentum stocks that you can easily review charts of for indicators that bring probability of your trade being successful up considerably. These are not useful for first 30 minute market open super-nova type plays (you need a good momentum scanner for the first 30 mins of trade)… but are very useful for intra day scalping (start with trending stocks and then look at indicators intra for simple set-ups – study scan study scan study scan).

http://finviz.com/

https://finance.yahoo.com/screener/predefined/ec5bebb9-b7b2-4474-9e5c-3e258b61cbe6

http://www.highshortinterest.com/

http://www.3xetf.com/all/

GL!

Curtis

Topics: Stockmarket, Pre-Market, Trading Plan, Wall Street, Stocks, Day-trading, Watchlist, Chatroom

13
Nov 2016

Oil Trading Chart Update. Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F)

Crude Oil Trading Algorithm (EPIC) , , , , , , , , , , , , , , , Epic the Algo

Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F)

November 14, 2016 EPIC the Oil Algo Oil Report.

Welcome to my first real report. This will be my smallest least detailed. These reports will become more and more detailed as the days and weeks go forward.

How My Algorithm Works and Availability:

I am an algorithm in development. My math is based on traditional indicators (many – up to fifty at any given time) and simple math calculations relating to price, volume, Fibonacci, simple pivots and other factors. I do not yet have AI or Geo integration – only math. Below you will find my simplified view of levels that can be used on a traditional chart to advance a trader’s edge (both intra-day and as a swing trader). My algorithmic charting is going to developer coding phase early 2017 for our trader’s dashboard program. I am not an automated bot or high frequency type algorithm. Please review about my algorithm process and about my algorithm story. This charting is free to the public until Dec 1, 2016 and after Dec 1, 2016 will only be made available to subscribers here. Below you will find the “basics” and commencing Dec 1, 2016 my subscribers will have access to all the information I use and all the advanced charting I produce on an intra-day basis.

At time of writing FX $USOIL $WTI is trading at 43.32 (10:48 PM ET Nov 13, 2016). Some thoughts…

Diagonal Trend Lines (Blue) – Price

Thicker lines are more important (typically proven through previous time / price cycles).

There is a diagonal trendline at 43.11 intra day that runs just under the price (in blue with green arrow pointing at it) – it isn’t a real important TL line (thin) but a TL line nonetheless. Why is this important? Everytime the price has crossed one of these in recent trade (last few months) it means another leg down. Very important.

And there is another right below it (yellow arrow) at about 42.85. Watch them both.

Above, there is one at 45.68 intra day (light blue arrow) – important because price has been strongly rejected here.

Understanding how price reacts to those diagonal trendlines is critical.

So you have your most important diagonal trendline as resistance at 45.68 and trendline support at 42.85 / 43.11. And remember they are diagonal so they change intra.

Horizontal Trend Lines (Purple) – Price

You have support horizontal trend lines at 43.33 and 43.03 from previous time / price cycles – which are important. Other noteables are at 42.81, 41.86, 39.04, 38.33.

Most noteable resistance over-head is at 45.78 – this is important.

For now (as price trades now) your important support is 43.03 / 43.33.

There are obviously more – that you can see real-time in our trading room intra-day or over time as a subscriber (if you cannot be in the trading room) you would learn how to use the charting on your own for various trading decisions.

Moving Averages

There are many moving averages (and related disciplines – I mentioned I review around 50 indicators) that we will get in to over time… but the secret is to focus down on what currently is most affecting price so you can use it as a trading edge. It just happens that right now the 200 day on the 1 hr has become recently critical as resistance.

Price Action

Price action at horizontal trend-line resistance determines another leg up or establishes resistance.

You will notice in the bottom left hand corner that when price bounced off an alpha algo line (red dotted) and started to go up… that it sliced through those diagonal trend – lines (blue) with-out an issue – BUT when it did eventually become an issue (yellow arrows) then that established resistance and the price of oil started to trend down.

And further, every-time the price went below a diagonal trend-line (blue) it dropped faster than it otherwise was.

Alpha Algo Targets, Algo Trend-lines, Algo Timing

Algo targets are the red circles – they correspond (at these pictured) with important times each week in oil reporting land. Tuesday 4:30 PM, Wednesday 10:30 AM and Friday at 1:00 PM. The red dotted diagonal lines are the algo trend-lines. And the vertical dotted (red or green) are marking the important times each week. You will find that the price of crude will hit one of the alpha algo targets about 90% of the time. Understanding how the price of crude reacts to the algos and why they move from target to target is critical for intra-day and swing trading oil. We will cover this in much more detail in the trading room and we will endeavor to start posting video blogs on You Tube etc soon for swing traders that work during regular trading hours.

Also… we will cover how to establish algo trend-lines and price targets future forward (as you have seen me do on my Twitter feed for some time now).

Conclusion

That seems to be a good place to leave it for now – we will review details of the above in the trading room and when time allows we will segment for our swing traders (and publish) videos of the work we do in the trading room.

We will also cover more indicators (including intra-algo trading quadrants, traditional pivots, Fib and more) soon!

See you in the room and if not stay tuned for our videos recapping what happens in the room!

EPIC the Oil Algo

 

Article Topics: Trading, Stocks, Wall Street, Chat Room, Algorithm, Charts, Indicators, Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F

 

 

 

13
Nov 2016

Post Market Report Fri Nov 11

Post Market Report (Trade Results) , , , , , , , , , , , Curt Melonopoly

Review of my Chat Room Stock Day Trades for Friday Nov 11, 2016.

Intro:

Time stamped entries (in permanent archive) copied to this blog in italics (below) are direct live log chat from chat trade room as they occurred (random chat from myself not applicable or other misc chat deleted). Chat trade room is also video recorded daily for trade archive (we start sharing videos soon – just one more thing on the to-do list).

In addition to chat, this trade-room has live voice broadcast (that covers in detail what indicators I am looking for in and out off each trade) and has live chart screen sharing right from my monitor to the room with all indicators I am looking at.

Overview Perspective of Trades and Alerts: Simple but BIG Lessons Here.

In general, Friday was a difficult day for me… 3 small losses – no gains. The bonds caught me off guard and caused me to re-think. Also though… the reality is some basic disciplines went out the window. Simple stuff like trade the width or in other words the pivots (the range)… but trade them with price and volume momentum. Simple… simple… stuff. Money is made intra trading the outside ranges with price movemenet with volume momentum and cut quick if wrong. Really simple. So simple it seems we can find ourselves forgetting that. But truth is just that will get you 60 – 70% success ratio in my experience. So in short…. it doesn’t matter if there was a pull-back or the bonds or what the reason is… if you don’t trade the outside range when you have price confirmation (movement in the right direction) along with volume then YOU SHOULD NOT TRADE – IT IS A GAMBLE – pure and simple.

So this coming week for me will be all about returning to the basics. When the set-up is there I will trade – if not then I will $STUDY like all of us should.

Today’s Trades And Alerts Transcript and Notes: $PTCT, $UWTI, $XIV, $EBIO, $DRYS, $JJC, $STEM

08:53 am Curtis Melonopoly : Pre-Market Gainers Watch-list: $PTCT $NVDA $MACK $JJC $RGSE $CWH $MACK $OMER $YANG $EDZ $BT $DGAZ $AMD $TVIX $DWTI $SRPT $UVXY $JNUG
08:53 am Curtis Melonopoly : Misc. Watch-list: $UGAZ (Chart), $C (Bank), $MNST (Bottom Play), $DRYS (Shipper), $THC (Bottom Play), $TPL (Trump Play), $JJC (Continued Copper Break-Out?), $AUMN (Favorite Penny play w / Gold and Silver break-out).
08:54 am Curtis Melonopoly : https://compoundtrading.com/pre-market-newsletter-nov-11-usoil-wti-oil-dxy-dollar-vix-gld-gold-natgas/
09:02 am Curtis Melonopoly : $IAU also
09:22 am Curtis Melonopoly : Good morning
09:26 am Curtis Melonopoly : $EBIO, $DRYS, $PTCT, $JJC, $STEM possible for open
09:27 am Curtis Melonopoly : And NatGAS but… unlikely
09:37 am Curtis Melonopoly : I’ll get the other crew on other server back
09:39 am Curtis Melonopoly : $PTCT in 11.03 out 10.34 small play at 300 shares – small loss on swing account

Loss # 1 for the day – small loss. Should have cut earlier.
09:53 am Curtis Melonopoly : So Watching NATGAS for long, $JDST for pull back for long, $THC for further dip to take 2nd swing entry, $XIV for exit (likely not until Tues).
09:56 am Curtis Melonopoly : Making a few calls back in a bit
09:57 am Curtis Melonopoly : Careful with $SPY could drip all day to 214.46 ish
09:57 am Curtis Melonopoly : $JDST may not get an entry it’s not waiting
10:32 am Curtis Melonopoly : https://twitter.com/curtmelonopoly GOLD
10:33 am Curtis Melonopoly : https://twitter.com/curtmelonopoly SILVER
10:37 am Curtis Melonopoly : Running screens – back in 10 – 20
10:38 am Curtis Melonopoly : Marked my preferred by in $JDST 34.50 area
10:38 am Curtis Melonopoly : Waiting for $IAU to finish it’s intra uptrend
10:39 am Curtis Melonopoly : NATGAS looks like a bottom but we don’t have math locked in on it.
10:39 am Curtis Melonopoly : $SPY Could see 214.50 – could – before uptrend in to Tuesday
11:00 am Curtis Melonopoly : $DXY targets https://twitter.com/curtmelonopoly/status/789420610996678656
11:10 am Curtis Melonopoly : Out of small account $XIV from yesterday – going to try and trade out of that loss (about 1.50 I’l have to check)

Loss # 2 for the day. Swing from day before. Small loss. Should have held actually. Pivots – range etc.
11:13 am Curtis Melonopoly : 37.53 fill on sell order $XIV on small account swing from yesterday
11:20 am Curtis Melonopoly : Watching $TZA for $DXY break-out possible
11:30 am Curtis Melonopoly : $UUP watch instead
11:36 am Mathew Waterfall : Would be a nice double top if it heads south from here
12:07 pm Curtis Melonopoly : Going to get a coffee back in 20 for afternoon session – tough market for me.
01:14 pm Curtis Melonopoly : Long $UWTI 17.125 avg small account
01:32 pm Curtis Melonopoly : Out $UWTI 17.03 loss

Loss # 3 for the day – for some reason I thought it was 2 – need to confirm before I post stats on my Twitter feed lol.
01:41 pm Curtis M : These markets are confused …. sitting on hands may be best.. Inflation, bonds, credit markets, currencies they´re all confused lol
01:42 pm Mathew Waterfall : Yea things are backwards all over the place. Should have gone flat earlier in the week over here. Gold, oil, bonds, all trading crazy
01:45 pm Curtis M : $XIV going up while oil tanks… ummm
01:46 pm Mathew Waterfall : Again, weird. XIV up, VIX also up. Put buying up
01:46 pm Mathew Waterfall : It doesn’t make sense
01:46 pm Mathew Waterfall : I think we see a big shake out before thanksgiving. And the whipsaw will be real and violent
01:46 pm Mathew Waterfall : Just picked up some $USLV for the occasion
01:47 pm Curtis M : I havent spun my tires like last 2 days for literally I can´t recall
01:48 pm Mathew Waterfall : I haven’t traded this hard and lost money either. Should have stayed in Palm Springs for the week
01:50 pm Curtis M : Trends will start soon enough
02:02 pm Curtis M : Theyre selling the rips so that makes it tough …
02:09 pm GSCT . : Should $NUGT correlate with an up move?
02:09 pm Curtis M : Yes
02:09 pm Curtis M : $IAU has volume
02:09 pm Curtis M : Not sure why
02:11 pm GSCT . : But your algos show Gold down more 1167(?) before ramping?
02:12 pm Curtis M : Yes
02:13 pm GSCT . : It’s how I have been trading.
02:14 pm Curtis M : Long $IAU small acount for a gamble at 11.80 800 shares
02:14 pm GSCT . : Curious about incorporating your data into my strategy.
02:15 pm GSCT . : What’s the winning percentage of your Gold algo? I tink you said oil is 90% day trade rate.
02:16 pm GSCT . : think
02:18 pm GSCT . : Wow.
02:18 pm GSCT . : But no Natty Gas algo.
02:19 pm Curtis M : Out $IAU for basicallly flat .5 cent loss

Basically flat.
02:19 pm Mathew Waterfall : OIL ramp into pit close here
02:21 pm Mathew Waterfall : TONS of volume in /CL contracts as well
02:21 pm Mathew Waterfall : don’t want to go home short crew covering their a$$
02:23 pm Curtis M : back before last hour 345 at latest checking on other traders etc
02:23 pm Curtis M : would like one last hit for the week
02:23 pm Curtis M : algo charting technical next week
02:45 pm Curtis Melonopoly : Back in 5 – all our equipment came in today so we’re fully set up in one week! yehhaw – anyway scanning for afternoon EOD play
03:14 pm Mathew Waterfall : I out all of my miners. Those things look horrible, and gold looks horrible. Will look for set up in $DUST moving forward via calls most likely
03:19 pm Curtis M : Have a great weekend guys and gals!
03:19 pm Curtis M : I will stay close to monitors to hear alarms until end of day.
03:20 pm Curtis M : Big reports coming out for before Monday open we start with algos next week.

So that was 3 small losses… the first momo trade the loss could have been smaller and the other two I should have held – if I was respecting the range I would have but I was obviously not respecting simple fundamental principles of successful trading. Hope you learn from that!

Monday a new day!

Best and stay blessed.

Curt

 

Topics: Wall Street, Stocks, Stock Market, Day Trading, Chat Room

11
Nov 2016

Pre-Market Newsletter Nov 11 ($USOIL $WTI Oil, $DXY Dollar, $VIX, $GLD Gold, $NATGAS … more.)

Trading Plan , , , , , , , , , , , , , , , , , , , , , , , Curt Melonopoly

My Stock Trading Plan for Friday November 11, 2016.

Welcome to the Friday trading session!

I am not going to repost our standard line-up of the US Dollar, Gold, Miners, Silver, Copper, Natural Gas, Oil, S & P 500 and Volatility because my position is the same as yesterday (refer to pre-market stock watchlist Thursday).

Momentum Stocks (Market open and Intra-Day)

I do trade morning momo stocks at times, but I do avoid risk. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter if I have time).

The momentum stocks (from previous days and morning trade) I continue to watch through the day for indicators that allow a trade.

Stock Watch-Lists

Regular Watch-List: Gold $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG), Silver $SLV ($USLV, $DSLV), Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI), Natural Gas ($UGAZ, $DGAZ), S & P 500 $SPY ($SPXL, $SPXS), US Dollar Index $DXY ($UUP, ), Volatility $VIX ($TVIX, $UVXY, $XIV)

Misc. Watch-list: $UGAZ (Chart), $C (Bank), $MNST (Bottom Play), $DRYS (Shipper), $THC (Bottom Play), $TPL (Trump Play), $JJC (Continued Copper Break-Out?), $AUMN (Favorite Penny play w / Gold and Silver break-out).

Pre-Market Gainers Watch-list: $PTCT $NVDA $MACK $JJC $RGSE $CWH $MACK $OMER $YANG $EDZ $BT $DGAZ $AMD $TVIX $DWTI $SRPT $UVXY $JNUG

Stay tuned in Chat Room for more pre-market stocks on watch. 

Study

Free scanners to find momentum stocks that you can easily review charts of for indicators that bring probability of your trade being successful up considerably. These are not useful for first 30 minute market open super-nova type plays (you need a good momentum scanner for the first 30 mins of trade)… but are very useful for intra day scalping (start with trending stocks and then look at indicators intra for simple set-ups – study scan study scan study scan).

http://finviz.com/

https://finance.yahoo.com/screener/predefined/ec5bebb9-b7b2-4474-9e5c-3e258b61cbe6

http://www.highshortinterest.com/

http://www.3xetf.com/all/

Algorithmic trading / traditional charting trading starts Monday!

GL!

Curtis

 

Topics: Stockmarket, Pre-Market, Trading Plan, Wall Street, Stocks, Day-trading, Watchlist

11
Nov 2016

Stock Trading Results (2 W 0 L 2 H Green Portfolio Day) Post Market Report Thur Nov 10 $THC, $XIV Etc…

Post Market Report (Trade Results) , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Curt Melonopoly

Review of my Chat Room Stock Day Trades for Thursday Nov 10, 2016.

Intro:

Time stamped entries (in permanent archive) copied to this blog in italics (below) are direct live log chat from the trade room as they occurred (random chat from myself not applicable or other misc. chat deleted) .

Chat trade room is also video recorded daily for trade archive (we start sharing videos soon – just one more thing on the to-do list).

In addition to chat, this trade room has live voice broadcast (that covers in detail what indicators I am looking for in and out of each trade) and has live chart screen sharing right from my monitor to the room with all indicators I am looking at.

Today’s Trades And Alerts: $THC, $XIV, $DRYS, $TUBE, $ECPG, $GLBS, $EBIO

So we did get the snap back up in the market as expected… but Thursday it slowed… especially late in the day with the bond market firing off madness.

I got out of my small account and swing account $XIV swing from the night before for my two wins and entered in small account later in day expecting a spike in oil at latest at pit close (because it has been consolidating at support) and with the recent election catalyst I ASSUMED I was safe. But nope, market went flat with bond markets and oil never got price lift. So I’m long over-night in small account $XIV and still in a $THC swing that I may add to if it sees another leg down. I think the dip was over-done.

There were (again) some morning momentum stocks that I could have entered, but I was focused on a timely exit in my $XIV holdings…. overnight swings does make that tough.

So today I have to decide whether to add to $THC or cut and with $XIV I have to decide whether to hold over weekend if the market doesn’t get some positive price action.

09:03 am GSCT . : /CL dropping here
09:09 am Curtis Melonopoly : $TRP, $THC, $TPL, $WFT, $JJC #Copper, $AUMN, $UWTI for bounce at algo line (red)
09:11 am Curtis Melonopoly : Gap $TUBE $LIQT $HPJ $AMDA $AEG $CLLS $MTL $UBS $WBIO $OMER
09:26 am Curtis Melonopoly : $BAC
09:27 am Curtis Melonopoly : Watching $XIV for exit and renter
09:27 am Curtis Melonopoly : Watching $THC for possible exit
09:29 am Curtis M : $XLF $TBF $TBT $TLT $BAC
09:29 am Curtis M : Also watching oil for support
09:44 am Curtis Melonopoly : Out $XIV 40.42 avg on both small and swing

So this was win # 1 and win #2 on day and was a 39.27 entry in swing account and small account with a 40.42 exit for about 1.15 gain or 2.5% ish.

From yesterday:

02:44 pm Curtis Melonopoly : Loooking at size in $XIV in 5ths 1/5 today
02:46 pm Curtis Melonopoly : Long $XIV 1/10 size 39.27 scale over next 24 hours the rest
02:48 pm Curtis Melonopoly : $XIV is 500 shares of 1/10 39.27

09:44 am Curtis Melonopoly : reenter lunch or sooner
09:54 am GSCT . : We need some cold weather to pop /NG
10:03 am Curtis Melonopoly : $DXY US Dollar Index upside res 98.61, 98.78 (short term PT), 98.91, 99.17, 99.28, 99.64, 99.80
10:30 am Curtis Melonopoly : When others return from other room accept my apologies lol we’ll get it sorted before DEc 1
10:30 am Curtis Melonopoly : And the grey out will be too
10:33 am Curtis Melonopoly : Back in 20 – Sartaj working on getting the others back in to this server lol too
10:33 am Curtis Melonopoly : Running scans
10:33 am Curtis Melonopoly : Trading Plan enter $XIV and $USOIL around lunch
10:59 am Curtis Melonopoly : Ok I gotta run momo scanns so I may as well take an early lunch cause plays will ikely start earlier than normal for afternoon session
11:00 am Curtis Melonopoly : Catch you back here 11:40 ish
12:17 pm Curtis Melonopoly : Loading for $XIV long
12:31 pm Mathew Waterfall : Big wedge building in /CL. I went into $UWTI for a starter
12:42 pm Mathew Waterfall : IMO this is calm before the storm
12:52 pm Mathew Waterfall : /CL going vertical here as well
12:56 pm Curtis Melonopoly : Long $XIV small account 400 shares 39.08
12:56 pm Curtis Melonopoly : Sorry for late alert
01:06 pm Curtis Melonopoly : Whats your buy Mathew?
01:07 pm Mathew Waterfall : On a vol play of /cl?
01:07 pm Mathew Waterfall : *or
01:08 pm Mathew Waterfall : I took $UWTI at /cl 44.55
01:08 pm Mathew Waterfall : for volitility I got out of VXX puts this AM. Back in a bit earlier
01:08 pm Mathew Waterfall : I’m in Nov25 VXX 30’s @.78
01:08 pm Mathew Waterfall : Currently trading for a buck
01:22 pm Robert Norman : Are you using SMA?
01:26 pm GSCT . : I’ve been in and out of chat. DId you ahve a posotion in $XIV for this +$2 move?
01:28 pm GSCT . : have position
01:31 pm Mathew Waterfall : 44.80 seems to be line in the sand on /CL. someone defending
01:35 pm Curtis Melonopoly : Long $XIV small account 400 shares 39.08 (previous post) still long
01:37 pm GSCT . : Cool. Thanks.
01:47 pm Curtis Melonopoly : NP – back in 20
02:00 pm Curtis Melonopoly : Ok now going to do 2 calls back soon
02:25 pm Curtis Melonopoly : Looking for swing acct entry 1/5 2000 shares at bottom of channel on $SPY
02:27 pm Curtis Melonopoly : $DRYS 180% lol
02:31 pm Mathew Waterfall : Took some straight /CL contracts @44.62. Looking for a bounce off of recent support
02:51 pm GSCT . : Gold looking for the basement floor
03:06 pm Curtis Melonopoly : Gold https://twitter.com/curtmelonopoly/status/796806153351168000
03:14 pm Mathew Waterfall : In some $TZA lotto’s for tomorrow. Think we might see a little pullback here
03:21 pm Curtis Melonopoly : I may have to sit through a pullback we’ll see – on $XIV
03:33 pm Curtis Melonopoly : Bonds are an issue right now – but I think very short term – then ATH $SPY ramp up again Tuesday at very latest
03:38 pm GSCT . : $LABD 14.65 – 14.94
03:43 pm Curtis Melonopoly : Holding $XIV overnight – until Tues if need be while bonds sort out… and out this morning $XIV on small acct and swing acct for win. Holding $THC swing but will hammer down again up to 5 times if it drops (1/5 sized in).
03:43 pm Curtis Melonopoly : Have a great night!

 

Topics: Wall Street, Stocks, Stock Market, Day Trading, Chat Room

10
Nov 2016

Pre-Market Newsletter Nov 10 ($USOIL $WTI Oil, $DXY Dollar, $VIX, $GLD Gold, $NATGAS … more.)

Trading Plan , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Curt Melonopoly

My Stock Trading Plan for Thursday November 10, 2016.

Election is Over!

Sorry, no premarket yesterday – but we did bank in the room and the alerts have been dead on.

Futures were strong as were/are world markets.

A few big things today… obvious lift in $SPY (and we’re banking on $XIV), my $THC swing I may exit soon, $HTZ should of held (it was a decent call), BASE METALS as I’ve posted on my feed will be strong mid term with infrastructure spending (Trump) and coal will be strong mid term likely.Copper is flying and shippers may take off here. Oh, and Natural Gas looks like it’s getting close to a buy zone. And as alerted tech and bio. Also, I missed the $NIKKEI snapback trade (which I wanted to catch just forgot – and yup it snapped back)

Many sectors are getting lift as we expected so it is important to stay in the zone – focus – nimble. Oil should be the story soon being it is bouncing under ceiling resistance on 200 on the 1 hr and bouncing up off 50 on the 1 hr.

 

Momentum Stocks (Market open and Intra)

I do trade them at times, but I avoid risk FYI. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter if I have time).

The momentum stocks (from previous days and morning trade) I continue to watch through the day for indicators that allow a trade.

Pre Market Watchlist: $TRP, $THC, $TPL, $WFT, $JJC #Copper, $AUMN, and more in chat b4 open.

If #Silver gets up over resistance and #Gold gets flight $AUMN can double fast.

$THX is up 6% or so in pre-market – so this swing is doing ok so far – I may exit this morning though.

$WFT I am watching for follow-thru.

Regular Watchlist: $GLD, $GDX, $SLV, FX: $USOIL $WTI ($UWTI, $DWTI), Natural Gas ($UGAZ, $DGAZ), $SPY, $DXY, $VIX ($TVIX, $UVXY, $XIV), more to come in trading room before market open.

$SPY ($ES_F, $SPX)

Well I nailed that call… what can I say. We’re going to new highs. Next eight calendar days are critical. Stay awake.

Volatility $VIX ($XIV, $UVXY, $TVIX, $VXX etc)

From Tuesday….

Some obvious plays here… if Hillary gets last minute bad news I’l scalp $TVIX or $UVXY. If election goes well for her the obviously $XIV would be a decent scalp or swing. If THE Donald wins… watch out lol… volatilty. But either way I think the market gets a lift (if Donald wins market likely does a mini Brexit then lifts). I win every-time here (seriously almost). Brexit, last Jan, last Sept and Oil have been huge bonuses to my accts in addition to compound trading program – so I see the election as a bonus.

So the $VIX is right at that diagonal trendline support – but you have to be careful putting too much consideration in to diagonal supports to beging with – but even moreso with the $VIX (it isn’t like a diagonal trendline with most equities).
$DXY US Dollar Index ($UUP US Dollar Bull, $UDN British Pound, $FXY Japanese Yen Trust, $CNY China, $TZA, $SMK / $EWW Mexico Capped ETF)

I missed the move in the Peso… had it lined up but you can’t get every play… WE SHOULD WATCH IT THOUGH for a bit of a snapback next week perhaps.

The US Dollar index is the only one I’m really watching – if it gets flight there’s a good play in $TZA. But other than that I’m not interested in playing China or Britain or any other currency related trades.

$TZA – 3x Small Cap Bear. Watch $DXY US Dollar Index – when it gets flight so does the small cap bear $TZA typically.

The actual charting with the $DXY US Dollar isn’t broken at all… if you chekc my Twitter feed long before it got lift here I was telling folks what the algorithmic symmetry was saying… but many didn’t listen. This was an easy set-up IMO.

FX: $USOIL $WTI ($CL_F, $USO, $DWTI, $UWTI $XOP #OOTT #Algo)

Get your charting up and watch this close for a break-out. They have meetings coming up too.

Watch your 200 day on the 1 hour for resistance and 50 day on the 1 hour for support (and more recently this morning off the 100 for support) – either breach and that’s a tell. If I miss it in the room send me a DM on twitter or an email to [email protected]. Also watch the blue diagonal trendlines on the chart for resistance and support. And the purple horizontal supports and resistance. If crude gets above the 200 Day on the 1 hour and above the blue trendline above it and the purple resistance in that same area then it’s in break-out mode. DONT MISS IT AND DONT LET ME MISS IT LOL.

Gold / Gold Miners – $DUST $JDST (Bear) / $NUGT $JNUG $GDX $GDXJ (Bull) / #Gold $GLD

Obviously all base metals will be bullish, however, $GOLD is running in to some chart resistance that is wise to consider.

Silver – $SLV, $USLV, $DSLV

Pay attention to that 17.92 resistance – if #Silver can get up and over that on back-test it could fly. This would be my preferred play in the metals category. Also watch $AUMN if #SILVER gets up over 17.92. LETS NOT MISS THAT ONE EITHER.

Copper $JJC

Copper should cool soon here IMO and get some downdraft and then run again IMO.
Natural Gas – $NATGASUSD, $UGAZ, $DGAZ

Per previous…

I continue to watch per previous. I was expecting a floor down here (as with Gold and Silver not so much) and the downdraft this morning is significant (enough? not sure yet – ask me after election lol).

#NaturalGas IMO is almost at a floor, watch close!!! LETS CATCH THE TRAIN HERE TOO!

Good luck! And remember, we get in to nice predictable algorithmic trading / traditional charting trading with compound predictability starts Monday (we will just need to let trading settle in to its “natural mathematical state” for each intrument).

Free Scanners to find momentum stocks that you can easily review charts of for indicators that bring probability of your trade being successful up considerably. These are not useful for first 30 minute market open super-nova type plays (you need a good momentum scanner for the first 30 mins of trade)… but are very useful for intra day scalping (start with trending stocks and then look at indicators intra for simple set-ups – study scan study scan study scan).

http://finviz.com/

https://finance.yahoo.com/screener/predefined/ec5bebb9-b7b2-4474-9e5c-3e258b61cbe6

http://www.highshortinterest.com/

GL GL!

Curtis

 

Topics: Stockmarket, Pre Market, Trading Plan, Wallstreet, Stocks, Daytrading

10
Nov 2016

Post Market Report Wed Nov 9 $THC, $XIV Etc…

Post Market Report (Trade Results) , , , , , , , , , , , , , , , , Curt Melonopoly

Review of my Chat Room Stock Day Trades for Monday Nov 9, 2016.

Intro:

Time stamped entries (in permanent archive) copied to this blog in italics (below) are direct live log chat from chat trade room as they occurred (random chat from myself not applicable or other misc chat deleted) .

Chat trade room is also video recorded daily for trade archive (we start sharing videos soon – just one more thing on the to-do list).

In addition to chat, this trade-room has live voice broadcast (that covers in detail what indicators I am looking for in and out off each trade) and has live chart screen sharing right from my monitor to the room with all indicators I am looking at.

Today’s Trades And Alerts: $THC, $XIV, $SPY, $USOIL, $WTI, $X, $VXX, $TVT, $MDCA, $XLF, $CXW, $GEO, $TRIP

We had the snap-back lined up even before the election. Recently the $HTZ low in the room was a big call and then now the election call. Things are good!

I knew all along Trump would win (see Twitter feed – I warned repeatedly)

and I knew markets would rally (again with many warnings).

Why is this important? It’s to brag of course… no actually… it’s called being a good trader. That’s what we do and the idiots leading the sheep around with all their bullsh*t really start to piss me off lol. Time to say it straight – if you’re going to be a good trader you need to see around the corner (this GPS instead of what you see out your windshield). Very important for the newer traders to think on that – beyond getting tooled up with technicals and indicators and knowing how to size trades and cutting fast and actually studying and learning and reviewing previou trades etc… knowing what markets are going to do in advance is critical to your survival.

I’m not going to spend much time review the below…. the premarket today is really active and I want to be prepared for the next week of trading – big opportunities here. And I’ll try and get Tuesday’s Post Market done sometime soon too (lots of lessons to reveiw there). We start on intensive charting and algo trading Monday so I’ll try and get caught up this weekend.

 

Today’s Live Trading Room Text Transcript

09:03 am Curtis Melonopoly : Watching: $X $XIV $CXW $GEO $THC $TRIP $USOIL … more to come
09:17 am GSCT . : You’re good.
09:17 am Curtis Melonopoly : thanks!
09:24 am Curtis Melonopoly : back in 3
09:30 am Curtis Melonopoly : Watching open – no pennies – long $XIV likely soon
09:30 am Curtis Melonopoly : Long $XIV right out of gate
09:33 am Curtis Melonopoly : Out at 37.09 and back in
09:34 am Curtis Melonopoly : Going to hold $XIV thru downdraft and add with swing account
09:38 am Curtis Melonopoly : Long $THC 15.57 avg swing
09:44 am Curtis Melonopoly : Sorry guys our onboarding kicked everyone out lol – oh well – 2 rooms going today. Stay put.
09:50 am Curtis Melonopoly : Out $XIV 37.94 looking for pull back then re-enter
09:52 am Curtis Melonopoly : Looking at renter on $XIV $SPY is testing resistance from yesterday
09:52 am Curtis Melonopoly : $THC holdling until late day
09:52 am Curtis Melonopoly : OIL and STEEL I’m looking at entries lunch hour
09:54 am GSCT . : You’re talking $SPY?
09:54 am GSCT . : re all time highs
09:56 am GSCT . : Best way to play $SPY with smaller account? $XIV?
10:01 am Curtis Melonopoly : Yes $XIV with this move – opposite volatitily
10:04 am GSCT . : Can you point to the pink and blue lines. Hard to see your cursor with the lag.
10:04 am GSCT . : And thank you.
10:08 am GSCT . : Sweet.
10:11 am Curtis Melonopoly : Back in 20 mins watching for $SPY resistance break 214.57 whil gone
10:13 am Curtis Melonopoly : PS get yourself tradingview.com it’s cheap get the PRO version and appropriate add-ons less than 50 a month
10:13 am Curtis Melonopoly : back in 20
10:14 am Curtis Melonopoly : I’m not getting aggressive this morning – waiting till afternoon or tomorrow – expect this move to go on for 9 calendar days or so
10:49 am Curtis Melonopoly : back – screening for plays
10:51 am Curtis Melonopoly : Looking for break of resistance on $SPY to enter long in swing account
10:52 am Curtis Melonopoly : Or if I get enough downdraft on $SPY I’ll play $XIV for width – need width – margin
10:58 am Curtis Melonopoly : Looking for long in oil once machines kick in
11:00 am Curtis Melonopoly : Looking for break of high in US Steel $X and expect it to run
11:00 am Curtis Melonopoly : $CXW looking for run this afternoon
11:01 am Curtis Melonopoly : $THC is swing in sing account small position target 17.06… will hold unless 3% downdraft on low of day – stop out
11:04 am GSCT . : I hope you’re hard wired and not on WiFi.
11:06 am Curtis Melonopoly : I won’t be hard wired for a week or so lol
11:09 am Curtis Melonopoly : Running screens on plays – back in 5
11:14 am Curtis Melonopoly : get your buy orders ready on $XIV
11:28 am Curtis Melonopoly : Long $XIV
11:28 am Curtis Melonopoly : Early but whatever
11:33 am GSCT . : What was your $XIV entry
11:33 am Curtis Melonopoly : $XIV 38.48 entry
11:34 am GSCT . : Nice.
11:34 am Curtis Melonopoly : $XIV 38.50 stop and if needed re-enter
11:34 am Curtis Melonopoly : Small account so far waiting for pull back on my swing account to enter because I’m early I think
11:34 am Mathew Waterfall : I like to vol play here as well. Put some wood into VXX puts again earlier today
11:35 am GSCT . : Oil spiking
11:36 am Mathew Waterfall : /CL also just went vertical
11:42 am Curtis Melonopoly : $XIV stopped 38.58
11:52 am Curtis Melonopoly : Long $XIV 38.79 going to sit thru pain if I have to on small account order
11:52 am Curtis Melonopoly : Swing account large buy in about an hour ish
12:00 pm Curtis Melonopoly : Holding $THC and $XIV – will hold both or either through pain trade – taking early lunch and back in 30 or so for afternoon fireworks!!! Gonna be a good afternoon.
12:01 pm Curtis Melonopoly : No stop on $XIV and it’s on small acoount… will enter after lunch large swing position likely
12:36 pm Mathew Waterfall : /NG finally catching some action. Play in your dare
12:38 pm Mathew Waterfall : *if
12:53 pm Curtis Melonopoly : Back for afternoon session.. back in a few running scans
01:05 pm Curtis Melonopoly : $TBT, $MDCA, $XLF, $XIV, $USOIL $WTI, $$CXW, $THC, $X
01:20 pm Curtis Melonopoly : If u ask question in room I may not see it – better to DM my twitter or email [email protected]
01:24 pm Robert Norman : Hi! I’m all new here,is there something special I should know here when I’m looking at the charts?
01:35 pm Curtis Melonopoly : Long $XIV 38.395 in large swing acct
01:36 pm Curtis Melonopoly : Robert – just email and we’ll respond [email protected] or DM twitter mine
01:38 pm Curtis Melonopoly : Stopped $XIV looking for re-entry flat
02:02 pm Curtis Melonopoly : Long $UWTI 19.44 1/3 size will cut fast
02:14 pm Curtis Melonopoly : $UWTI out 19.26 loss
02:31 pm GSCT . : Can see that. Volume not easy to see on the chart. You need lighter colors for that.
02:31 pm GSCT . : Video now blank fo rme.
02:33 pm Robert Norman : Did you switch from Screen Sharing?
02:44 pm Curtis Melonopoly : Loooking at size in $XIV in 5ths 1/5 today
02:46 pm Curtis Melonopoly : Long $XIV 1/10 size 39.27 scale over next 24 hours the rest
02:48 pm Curtis Melonopoly : $XIV is 500 shares of 1/10 39.27
02:50 pm GSCT . : The room is still on beta.
02:50 pm GSCT . : in
02:53 pm Curtis Melonopoly : sorry bout the charts obvious computer start challenges lol – charts coming
02:53 pm Curtis Melonopoly : any better?
02:58 pm Curtis Melonopoly : Back in 10
03:16 pm Curtis Melonopoly : back for EOD
03:31 pm Curtis Melonopoly : If your bearish I would reconsider FYI
03:46 pm Curtis Melonopoly : Holding positions overnight and looking at scaling $XIV in the morning. Should be lots on the watchlist tomorrow.
03:47 pm Mathew Waterfall : Hope everyone killed it today. I’m still in VXX puts, UWTI, some small bios, and very small gdx left
03:47 pm Curtis Melonopoly : Thinking Tech, Bio, and maybe oil big plays tomorrow
03:48 pm Curtis Melonopoly : Have a great night Mathew!
03:48 pm Mathew Waterfall : I trimmed a lot premarket on the large pop. I’m expectin gmore long term but it might take a while to catch up
03:48 pm Curtis Melonopoly : We’ll start on algo charting Fri or Mon
03:48 pm Mathew Waterfall : Sounds good. Have a good night, get some sun for un in the dark north
03:48 pm Mathew Waterfall : /NG got a pop and I got the f out
03:49 pm Curtis Melonopoly : Night all.

Topics: $THC, $XIV, $SPY, $USOIL, $WTI, $X, $VXX, $TVT, $MDCA, $XLF, $CXW, Stockmarket, Wallstreet, Daytrading, Stocks, Trading Room, Chat Room

08
Nov 2016

Pre-Market Newsletter Nov 8, 2016 ($USOIL $WTI Oil, $DXY US Dollar, $VIX, $GLD Gold … more.)

Trading Plan , , , , , , , , , , , , , , , , , , , , , Curt Melonopoly

My Stock Trading Plan for Tuesday November 8, 2016.

Election Day!

Two big things today… it is election day… but more importantly (for my trading at least)… EPIC the Oil Algo has locked in his math on time / price cycles and that means BIG TRADING coming there very soon (it’s exciting for me anyway – it means bank on top of bank cometh).

Premarket reports will not be detailed until after election.

As with recent… I’m sitting tight and trading scalps until after election – yesterday portfolio +3.5% increase and Friday +6.3% so that’s just fine for now.

Post election we will start on algorithmic trading main targets and trendlines and work with traditional indicators that I use for my trades with goal to compound accounts 10k to 1MM in 26 mos (however, as in last nights post market report, I may kick that up a notch to a 6 month curve – stay tuned).

So for now so detailed pre-market trade plan – after election however very detailed trading plans for each algorithm we have in development. Also, refer to pre and post market reports for last week or so if you wish to view my bias with any specific sector etc.

Momentum Stocks (Market open and Intra)

I explained my position on morning momo stocks in detail in yesterday’s premarket if you’re interested (bottom line they carry risk so I do trade them at times, but I avoid risk).

Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter if I have time).

The momentum stocks (from previous days and morning trade) I continue to watch through the day for indicators that allow a trade.

Pre Market Watchlist: $VIX ($TVIX, $UVXY, $XIV) FX: $USOIL $WTI ($UWTI, $DWTI), Natural Gas ($UGAZ, $DGAZ), more to come in trading room before market open.  

Markets Today – Volatility $VIX ($XIV, $UVXY, $TVIX, $VXX etc)

Some obvious plays here… if Hillary gets last minute bad news I’l scalp $TVIX or $UVXY. If election goes well for her the obviously $XIV would be a decent scalp or swing. If THE Donald wins… watch out lol… volatitility. But either way I think the market gets a lift (if Donald wins market likely does a mini Brexit then lifts). I win everytime here (seriously almost). Brexit, last Jan, last Sept and Oil have been huge bonuses to my accts in addition to compound trading program – so I see the election as a bonus.

$DXY US Dollar Index ($UUP US Dollar Bull, $UDN British Pound, $FXY Japanese Yen Trust, $CNY China, $TZA, $SMK / $EWW Mexico Capped ETF)

The US Dollar index is the only one I’m really watching – if it gets flight there’s a good play in $TZA. But other than that I’m not interested in playing China or Britain or any other currency related trades until after election.

$TZA – 3x Small Cap Bear. Watch $DXY US Dollar Index – when it gets flight so does the small cap bear $TZA typically.

$SPY ($ES_F, $SPX etc)

Per yesterday’s post… buy the blood in the streets and buy the over extended pivots and Fib levels (for those that don’t understand pivots and Fib levels – we will be getting in to those indicators and algo indicators after election in detail in the room).

FX: $USOIL $WTI ($CL_F, $USO, $DWTI, $UWTI $XOP #OOTT #Algo)

Per yesterday “There was a recent time / price cycle change. @EPICtheAlgo is expected to have updates on his Twitter prior to open.”

EPIC published algorithmic updates with alpha algo targets and time / price cycle terminations and traditional charting trendlines representing support and resistance! REVIEW THOSE POSTS IN DETAIL!!! This I have learned is critical. Yesterday’s trade I got that increased my small account portfolio 3.5% was all because I actually listened to the algo and took that trade yesterday.

EPIC expects a big move up or down before end of this Friday so BE SURE TO KNOW YOUR LINES!!!

Gold / Gold Miners – $DUST $JDST (Bear) / $NUGT $JNUG $GDX $GDXJ (Bull) / #Gold $GLD

Per yesterday and last few weeks (I haven’t done much here because I rely on the algo targets and we don’t expect anything predictable until after election) “Gold, Miners, Silver I was looking for on floor down over last month per my posts and this now may do it. We will watch to election and then start putting out our algorithmic charting and traditional charting and trade it.”

Silver – $SLV, $USLV, $DSLV and Copper

As above.

Natural Gas – $UGAZ, $DGAZ

Watching for a snap back and how price handles a snap back. Risky still – until otherwise. 2.90 area looks critical to me.

I continue to watch per previous. I was expecting a floor down here (as with Gold and Silver not so much) and the downdraft this morning is significant (enough? not sure yet – ask me after election lol).

Good luck! And remember, we get in to nice predictable algorithmic trading / traditional charting trading with compoound predictability shortly after election (we will just need to let trading settle in to its “natural mathematical state” for each intrument).

Free Scanners to find momentum stocks that you can easily review charts of for indicators that bring probability of your trade being successful up considerably. These are not useful for first 30 minute super-nova type plays (you need a good momentum scanner for the first 30 mins of trade)… but are very useful for intra day scalping (start with trending stocks and then look at indicators intra for simple set-ups).

http://finviz.com/, https://finance.yahoo.com/screener/predefined/ec5bebb9-b7b2-4474-9e5c-3e258b61cbe6

Curtis

07
Nov 2016

Post Market Report Mon Nov 7, 2016

Post Market Report (Trade Results) , , , , , , , , , , , , , , , , , , , , , , , Curt Melonopoly

Review of my Chat Room Stock Day Trades for Monday Nov 7, 2016.

Intro:

Time stamped entries (in permanent archive) copied to this blog in italics (below) are direct live log chat from chat trade room as they occurred (random chat from myself not applicable or other misc chat is deleted for this post) .

Chat trade room is also video recorded daily for trade evidence (also in permanent archive – I’ll start sharing videos soon – just one more thing on the to-do list lol).

In addition to chat (per below), this trade-room has live voice broadcast (that covers in detail what indicators I am looking for in and out off each trade) and has live chart screen sharing right from my monitor to the room with all indicators I am looking at.

Today’s Trades

Today was a very frustrating day!!! I didn’t want to stress on it while in chat room but my exchange data problem from ICE (see post earlier) almost sent me over the edge because of course I thought IN PART it was our fault or something… so we ran test after test on our software and hardware almost until 2 PM lol!!! Then, we find out it wasn’t our problem at all ha ha ha.

WHICH, that reminds me…. we have so much to do around here getting set-up that I can’t say exactly when this is going to start but I am going to test my ability to compound small accounts and shoot for either a 3 month or more likely a 6 month 10k to 1.14 MM compound on a small account – we just need a few days to form our plan and then we’ll start posting daily on it. 6 months BTW would be about 4 times as fast so instead of 1% per day that would be 4% per day compound (or 4 successful 1% trades per day and with 1 or 2 not working that’s basically a trade an hour – NOT EASY BUT POSSIBLE). If you are wondering what this “compound stock trading” is and how my goal is to take 10k accounts from 10k to 1MM in 26 months or less follow the link.

Chat Room Log / Trades

09:18 am Curtis Melonopoly : $VIX $UWTI (oil for bounce) $NTEC $NILE $CEMP $BIIB $IONS $APVO $DTLK $CTB $WATT
09:22 am Curtis Melonopoly : $VIX $UWTI (oil for bounce) $NTEC $NILE $CEMP $BIIB $IONS $APVO $DTLK $LIVE $CTB $WATT $LC $TROV

Above was my morning watchlist for morning momo plays… I try to get them out sooner but the stocks develop as the morning progresses… anyway, the reason I am commenting on this is that over time we will have a much more comprehensive pre-market session for prep for these plays… it isn’t our current core, but we will have this developed over next few months.

09:22 am Curtis Melonopoly : Watching market open for momentum stocks.
09:23 am Curtis Melonopoly : Trading view charting lag is actually from tradingview itself this morning – they say it will be fixed soon. There is a notice on each chart when loading.
09:24 am Curtis Melonopoly : $VIX $UWTI (oil for bounce) $NTEC $NILE $CEMP $BIIB $IONS $APVO $DTLK $LIVE $CTB $WATT $TXMD $LC
09:29 am Curtis Melonopoly : Here we go – strap in – GL!
09:34 am Curtis Melonopoly : Watching oil for a bounce and momos right now
09:37 am Curtis Melonopoly : Looking at $UWTI long

I had the FX: $USOIL $WTI play pegged early in day because I knew the market was in bull mode and oil has been depressed – so in other words it had a catalyst and I have indicators and technical tooling most traders don’t… so I just need it to move (up or down).
09:37 am Curtis Melonopoly : That alpha algo TL line (red) is in play
09:45 am Curtis Melonopoly : No morning momos for me this morning.

There actually were some morning momentum stocks I likely would have entered (especially as the morning progressed – but the charts and my tilting because of it left me no logical option – trading while tilted is not good).
09:46 am Curtis Melonopoly : Watching for standard play in oil, Gold, silver, VIX, SPY or continued momentum’s – back in a few mins.
09:51 am Curtis Melonopoly : Watching oil for bounce for entry…. not convinced
09:52 am Curtis Melonopoly : Also watching for follow-through with some gainers and momentum’s https://finance.yahoo.com/screener/predefined/ec5bebb9-b7b2-4474-9e5c-3e258b61cbe6
09:54 am Curtis Melonopoly : So I’m going to contact a few larger oil traders I know and see what they see the oil market doing over next 48 hours – back in 10 or so – I don’t like where it bounced here or the volume
10:03 am Curtis Melonopoly : Here’s crude oil first test to upside
10:04 am Curtis Melonopoly : Very weak – but it can go
10:04 am Curtis Melonopoly : So here comes support test
10:05 am Curtis Melonopoly : Thin purple line is traditional support trend line and red algo TL
10:11 am Curtis Melonopoly : On phone with oil trader I know… back in 15 min at most.
10:12 am Curtis Melonopoly : Upper arrow upside potential intra, lower arrow is low potential intra and mid arrow algo line – tough play mid range with oil
10:31 am george d : Curtis almost done calls back in 5 …
10:37 am Curtis Melonopoly : No conviction in oil buying… only way I can take a trade long is at the lower diagonal trendline (blue)
10:38 am Curtis Melonopoly : So I will set alarms for oil and then look at trending stocks intra for entries
10:38 am susan woo : Curtis, how do your gold/silver/miners algo look?
10:39 am susan woo : I recall you saying you were interested in AUMN last week
10:39 am susan woo : Tnanks:)
10:41 am Curtis Melonopoly : Hey Susan… sory about not seeing your question last week… my pre and post newsletters kind of touch on it… we’re waiting for election… without election consideration I was looking for downdraft then long… tough call till election – Hillary Trump war unpredictable
10:41 am Curtis Melonopoly : Ok going to look at trending intra stocks for entries – back soon
11:09 am Curtis Melonopoly : A lot of chasing here… still running screens… likely won’t be in any plays until lunch / afternoon session with trending solid indicators only for now.
11:13 am Curtis Melonopoly : Guys and gals… if you’re concerned with public posts be sure you sign in anonymous – like now lol – it’s a public room
11:14 am Curtis Melonopoly : So I’m running screeners on trending stocks for afternoon session. Also checking our algos for Oil, Gold, Silver, VIX, SPY for aft session.
11:24 am Mathew Waterfall : Just popped in to say I’m all out of those VXX puts. Worked very nicely holding over the weekend. Reloading a bit in JNUG and GDX calls that I got out of last week for another pop. Won’t trade much between now and Wednesday with clown show going on
11:28 am Mathew Waterfall : Also to note, interesting call spread options in GLD for those looking for a play there. Calls are pretty juiced on the high end making spreads attractive
11:32 am Curtis Melonopoly : Watching $FCX, $TWTR (rumors again), $DRNA, $IMPV, Crude for 43.40 ish $UWTI entry, $VIX , and rumors with NATO re: Russia… still running scans for afternoon
11:33 am Curtis Melonopoly : Grabbing quick lunch back in 30 to get some wins in bag
12:25 pm Curtis Melonopoly : $VIX starting to curl up
12:34 pm Mathew Waterfall : Wouldn’t be surprised to see a pullback here. This is a lot of short covering to me and looks to have stalled a bit. Went flat on my /ES plays
12:39 pm Curtis Melonopoly : Ok back from lunch – running scans for aft plays
01:02 pm Curtis Melonopoly : SO… tradingview.com experiencing data issues today from exchanges – we get ours fixed and theirs goes stupid lol – so I’m on stockcharts.com for the remainder of day – not ideal to say the least
01:10 pm Mathew Waterfall : So much noise today. I’m closing positions from this point I think. Got out of $USLV early but that’s what I get for being cautious
01:15 pm Curtis Melonopoly : Looking at $UUP for possible long pending chart
01:18 pm Curtis Melonopoly : Looking at $UUP (not sure if that alert posted)
01:18 pm Curtis Melonopoly : Ah yes it did lol
01:27 pm Curtis Melonopoly : Waiting for a decision on dollar, VIX and some other indicators before I start trading longs in market – chicken today
01:38 pm Curtis Melonopoly : Looking at $NUGT for a pullback and intra entry but… it could b too late
01:39 pm Mathew Waterfall : GDX and GLD seeing lots of love today, might not get another huge pullback in the miners
01:39 pm Mathew Waterfall : GDX BULLISH WISEGUY ACTION: Fri 11/11 24.5 CALLS (Wkly) $83k BET SWEEP / OPENING MULTI SWEEP GDX=24.01 Ref 1.1x Usual Vo
01:43 pm Curtis Melonopoly : Long $UWTI
01:48 pm Curtis Melonopoly : Filled at 18.20 in small account $UWTI
01:51 pm Curtis Melonopoly : 18.40 target in $UWTI but i
01:51 pm Curtis Melonopoly : I’m holding for a pull back and run
01:52 pm Curtis Melonopoly : Looking at a strong pit close play – hoping for 2 – 3%
01:54 pm Mathew Waterfall : Lots of sellers coming in >44.57 in /CL
01:54 pm Mathew Waterfall : Those need to get eaten up
01:57 pm Curtis Melonopoly : So 44.70 is my test area but I’m holding likely closer to pit close
02:14 pm Curtis Melonopoly : http://oilprice.com/Latest-Energy-News/World-News/Oil-Major-Chief-Calls-Upon-Non-OPEC-Producers-To-Join-Cuts.html
02:18 pm Curtis Melonopoly : Looking for expanding volume really soon with pit close near – if no then cut and take some profit $UWTI #OIL
02:23 pm Curtis Melonopoly : I am going to sell in to spike before pit close if I get it $UWTI
02:28 pm Curtis Melonopoly : Out
02:29 pm Curtis Melonopoly : $UWTI 18.20 buy with a 18.80 exit on $UWTI intra 3% er
02:30 pm Curtis Melonopoly : That was a nice trade

02:45 pm Curtis Melonopoly : back for another 🙂
02:46 pm Curtis Melonopoly : Running screens back in a few
02:51 pm Curtis Melonopoly : Missed the volatility trade distracted with oil – but oil better trade 3% vs 1.5% on my entry
02:57 pm Curtis Melonopoly : I’m going to watch for $SPY failure at 212.65 ish range and consider $VIX trade w $TVIX for EOD
03:16 pm Curtis Melonopoly : Looking at $TVIX – risky
03:16 pm Curtis Melonopoly : Very short leash if I do
03:27 pm Curtis Melonopoly : $TVIX not responding well to $VIX IMO – you want that to frontrun so you’re on right side of possible error
03:28 pm Curtis Melonopoly : That’s the benefit of scalping 3 x 2 x ETF and ETN’s – you can get a buffer for error if you’re on right side but extra pain if you are on wrong.
03:37 pm Curtis Melonopoly : Well I’m gonna call it… lotsa fun coming with election and then we get in to tight technical trading with proper indicators and algorithmic trading after election… so ready for that! And I’m gonna do a 10k to 1MM in 6 mos instead of 24 mos module (4 trades a day at 1%).
03:37 pm Curtis Melonopoly : Take care:) Be Blessed!
03:42 pm GSCT . : Thanks Curtis.

Best:)

Curt

Topics: Daytrading, Wallstreet, Chatroom, Trading Room, Daily Results

07
Nov 2016

Stock Trading Results – (5 wins today) Post Market Report Fri Nov 4, 2016 $X, $XIV, $CARA, $GCI

Post Market Report (Trade Results) , , , , , , , , , Curt Melonopoly

Review of my Chat Room Stock Day Trades for Friday Nov 4, 2016.

Time stamped entries (in permanent archive) copied to this blog in italics (below) are direct live log chat from chat trade room as they occurred (random chat from myself not applicable or other misc chat is deleted for this post) . Chat trade room is also video recorded daily for trade evidence (also in permanent archive).

In addition to chat (per below), this trade-room has live broadcast (that covers in detail what indicators I am looking for in and out off each trade) and has live chart screen sharing right from my monitor to the room with all indicators I am looking at.

Before I get started on a review… I have to take this opportunity to apologize / follow-up on some unanswered questions in room from Friday:

Susan Woo – I didn’t see your questions in the chat room Friday… I get so involved in charts so my apology – my premarket today will cover though.

Mathew – Yes, go ahead and share charts until our room gets too busy. We’ll let you know when we all have to pull back on chatter etc. Until then… sure.

Here’s the trading room chat log with respect to my trades:

08:54 am george d : curt and I having coffee will be in room before open for morning momentum plays

09:18 am Curtis Melonopoly : Looking at morning momentum stocks

09:23 am Curtis Melonopoly : Premarket $WTW $PBR $ARRY $TRUE $CBS $CLNE $CSOD Personal watch: $SPY $XIV $FXC $AAPL #premarket #watchlist #wallstreet #daytrading #stocks

09:35 am Curtis Melonopoly : $DCTH looking for 2.67 to hold and go

09:37 am Curtis Melonopoly : Looking for break over 3.27 and 2.67 to hold

09:39 am Curtis Melonopoly : Out on y $XIV Swing big win – daytrade still in.

So this was my win # 1 of the day – it was a large $XIV swing trade from the day before with large swing account.

At this point I am still holding from the day before the $XIV overnight hold on the small daytrade account.

09:40 am Curtis Melonopoly : I was all in there on that swing so that was a big win $XIV

09:44 am Curtis Melonopoly : Looking at lower supports for more $XIV swings – out of large entry in swing but holding small account $XIV

09:48 am Curtis Melonopoly : Looking for bottom or top range on $SPY for volatility plays $TVIX or $XIV

09:53 am Curtis Melonopoly : Long $XIV on swing account 33..11

So this was a long for a scalp on the large trade account (my small account was still long and holding)

09:55 am Curtis Melonopoly : Trailing out $XIV 33,32 plus for scalp

So this was win #2 on the day – a scalp for .5% or so.

09:55 am Curtis Melonopoly : out

09:56 am Curtis Melonopoly : decent half a point

09:57 am Curtis Melonopoly : $TRUE break of 10.77 IMO decent but no go for me today

09:59 am Curtis Melonopoly : Snap back on $SPY could get really intense

10:01 am Curtis Melonopoly : Should fail here soon and test lower before strong snap back

10:06 am Curtis Melonopoly : $CERS $CBK nice

10:09 am Curtis Melonopoly : Market was wayyyy to irrational yesterday IMO with $VIX so I took the other side in $XIV

There’s my reiteration on my thesis for the large swing trade from the day prior.

10:14 am Curtis Melonopoly : $CBK no increasing vol but vol good on day

10:14 am Curtis Melonopoly : $CERS decent vol the day but… nope

10:16 am Curtis Melonopoly : https://ca.finance.yahoo.com/gainers?e=US

10:22 am Curtis Melonopoly : Watching close to get out of daytrade $XIV from yesterday, already out large swing on $XIV..When everyone gets happy I’ll go negative.

10:31 am Curtis Melonopoly : $EBIO and $CBK look great for EOD possibilities

10:39 am Curtis Melonopoly : back just in time for the test

10:43 am Curtis Melonopoly : So we’ll see how it handles turbulence here

 

10:57 am Curtis Melonopoly : $DXY lol surprise surpris

11:04 am Curtis Melonopoly : and I’m out $XIV for a yeehaw!

This was win #3 for the day. It was my exit on the small account swing in $XIV from the day before.

11:08 am Curtis Melonopoly : Party time wow what a great week

11:09 am Mathew Waterfall : !!!

11:09 am Mathew Waterfall : Got my $XIV exit filled at 34

11:10 am Curtis Melonopoly : Way to go Mathew!!!!

11:10 am Mathew Waterfall : Works for me

11:10 am Curtis Melonopoly : We may got a rocket ride here later IMO $XIV

11:52 am Curtis Melonopoly : Be 5 or 10 mins looking at BIO and other EOD plays

12:02 pm Curtis Melonopoly : $SPY 210.20 and it’s a rocket – not saying it will

12:07 pm Curtis Melonopoly : $CFMS
12:09 pm Curtis Melonopoly : $CFMS over 9.83 I’d look again – but it’s strong – we’re late IMO
12:09 pm Curtis Melonopoly : $CFMS on a pull back I’d look at it for sure

12:21 pm Curtis Melonopoly : $CFMS, $CARA, $EBIO, $CBK, $XIV, $TVIX

12:25 pm Curtis Melonopoly : looking at $XIV… may wait

12:31 pm Curtis Melonopoly : $SPY break of 209.88 with vol long $XIV

12:31 pm Curtis Melonopoly : Needs considerable volume for my $XIV entry however

12:32 pm Curtis Melonopoly : And yes I know for anyone thinking it…. $XIV is not directly a $SPY play… I use it as an indicator

01:15 pm Curtis Melonopoly : Looking at $XIV looking for expanding volume

01:15 pm Curtis Melonopoly : Long $XIV

01:17 pm Curtis Melonopoly : Hoping for expanding volume $SPY
01:17 pm Curtis Melonopoly : Hope is my plan now
01:17 pm Curtis Melonopoly : I’ll Cut quick tho $XIV
01:18 pm Mathew Waterfall : I’m watching the VIX. If it can get <20.95 we should see the bottom start to drop out
01:19 pm Curtis Melonopoly : I’m in my small account here FYI
01:19 pm Curtis Melonopoly : In at 34.03 $XIV
01:25 pm Curtis Melonopoly : $XIV flat out
01:26 pm Curtis Melonopoly : the problem was expanding volume
01:26 pm Curtis Melonopoly : non

01:28 pm Curtis Melonopoly : $CARA watching for expanding volume
01:33 pm Curtis Melonopoly : Long $CARA
01:35 pm Curtis Melonopoly : Long at 7.29 tight manual stop $CARA small account
01:38 pm Curtis Melonopoly : Target 7.38 for a 1% scalp but may hold
01:42 pm Curtis Melonopoly : Entry 7.29 exit 7.405 for a little better than 1% – that’s how you build a small account

This was win # 4 on the day.
01:59 pm Curtis Melonopoly : Watching $X for break of HOD and expanding volume for entry on small account – I don’t think I would wait for backtest on support at 20.07 – 20.09
02:01 pm Curtis Melonopoly : if a touch of 20 on the 1 I’ll enter too if I can get it
02:04 pm Curtis Melonopoly : Long $X tight
02:05 pm Curtis Melonopoly : No expanding volume out flat $X
02:26 pm Curtis Melonopoly : $GCI
02:27 pm Curtis Melonopoly : Long $GCI
02:27 pm Curtis Melonopoly : Likely a pain trade at first
02:27 pm Curtis Melonopoly : Didn’t want to miss
02:50 pm Curtis Melonopoly : Out for now
02:51 pm Curtis Melonopoly : $GCI tiny gain will re-enter at HOD break of res

This was win #5 on the day.

03:10 pm Curtis Melonopoly : Looking at a possible ping back trade on $XIV for a scalp
03:11 pm Curtis Melonopoly : Long $XIV 33.06
03:18 pm Curtis Melonopoly : Nice 1% compound scalp for the small account on $XIV

This was win #6 on the day.

This day could be summarized as me getting out of my overnight swing on $XIV that worked really well, coming back to $XIV with specific indicators that I explained by live broadcast as I moved in and out of each trade and I also used indicators to move in and out of momentum stocks. All trades were with low stress ease – not that I don’t get anxious – but I mean the “gamble” type stress – I had risk / reward on my side with solid indicators and when a trade didn’t go as planned I cut quick.

Any questions don’t hesitate to ask in a PM in room or DM in Twitter or on email… if you ask me in general chat in room it’s really hard for me to see because I’m scanning many many charts behind the scenes on monitors you don’t see… so my eyes are always there and not in chat.

Thanks

Curt

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