David Knight -Journal

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Old Nov 9, 2017, 7:27pm   #217
 
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Is that based on resistance in that area and the 5 min gap below
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Old Nov 9, 2017, 7:39pm   #218
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David
Is that based on resistance in that area and the 5 min gap below

No, its based on me probably needing to trade badly again.

Seriously- more or less but playing safe was priority
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Old Nov 10, 2017, 10:17am   #219
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David Knight started this thread BUY 2576

TARGET 2583


Will add lower if req'd

Overnight range currently 88-76 (Approx)

So target is about half way back
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Old Nov 10, 2017, 2:32pm   #220
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Trading plan

David Knight started this thread TRADING PLAN
It's Friday, statistically unlikely to see heavy selling . After yesterdays decline there was a pretty impressive retracement of 18 points of a 28 point drop.

Although futures are down, I would expect the SPX to hold the current range of support/resistance 2566-88. That way the recent 'damage' would be contained, while still allowing a close in the red. (Which is more likely today)

A close above 2588 targets 2600 once more. A drop below 2566 could find possible support at the nearby gaps from October 25th/26th (see chart)

An ideal scenario would be to see the weekly low next week take out the lower gaps then rally (Santa?) to 2600 's
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Old Nov 10, 2017, 4:23pm   #221
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buy 2576

target 2583


will add lower if req'd

overnight range currently 88-76 (approx)

so target is about half way back
closed 2580 +4

RUNNING +96


want to buy the overnight session low zone if It goes there.

Can I get the first 100 point mark done today?
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Last edited by David Knight; Nov 10, 2017 at 4:34pm. Reason: ADD CHART EDIT 1ST 100?
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Old Nov 13, 2017, 8:14am   #222
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David Knight started this thread Order to BUY 2574
Target 2585
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Old Nov 13, 2017, 6:11pm   #223
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Order to BUY 2574
Target 2585
Sold 2585 +10

Running +106

1st 100 points done

Literally got home a few minutes before 85 hit

EDIT
I believe top is in today @2585.29
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Last edited by David Knight; Nov 13, 2017 at 6:47pm. Reason: ADD CHART( TOP IS IN TODAY/)
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Old Nov 14, 2017, 6:02pm   #224
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David Knight started this thread I decided at 7am this morning that I wasn't going to put in a buy order @2577

The next poss trade was a buy around 66 support. (I wasn't here today). At this point will the opening gap fill or will it test support again?

Decl vol shows sellers in control. So I think I'll stay flat for now and avoid getting stuck in a trade that doesn't go anywhere (option3) for most of the day
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