David Knight -Journal

This is a discussion on David Knight -Journal within the Trading Journals forums, part of the Reception category; Originally Posted by David Knight Short 2466 Cover 2464 +2 Running +21 Grinding......

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Old Sep 8, 2017, 5:28pm   #76
 
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Short 2466
Cover 2464 +2
Running +21

Grinding...
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Old Sep 8, 2017, 5:55pm   #77
 
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David Knight started this thread The Dow is the strongest and is trying to take out the high, limiting the chance of SPX filling the gap below. May have to wait until next week

Adv/decl supports this scenario

Otoh.. Nas is the weakest and could drag the others down.

I still think the SPX high will hold but we'll stay in the current range until next week.
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Old Sep 11, 2017, 11:38am   #78
 
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David Knight started this thread Short 2477

(gap fill from Aug 1st)

Stop is 2481

The plan is not to aim for the (2) gaps - seems unlikely we'll fill even the first gap before the open.

So , just a scalp. If it carries on down I'd rather buy because... all together now- 'I hate being short'
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Old Sep 11, 2017, 1:02pm   #79
 
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David Knight started this thread Cover @ 2475 +2

Running +23

Up to the market what I do next- Long from a gap fill below or repeat the short..
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Old Sep 11, 2017, 2:37pm   #80
 
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David Knight started this thread Short 2480

Target 2475

The low is already in at
2,474.52

My platform quoted 2480 slightly before the actual market did see screenshot
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Last edited by David Knight; Sep 11, 2017 at 2:49pm. Reason: added screenshot
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Old Sep 11, 2017, 3:12pm   #81
 
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David Knight started this thread That looks significant to me Dow-22,011.07 .. just sayin'
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Old Sep 11, 2017, 4:05pm   #82
 
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David Knight started this thread Was thinking of scratching the trade but I'm considering SPX 2,483.81 could be the high today.

You shouldn't try to pick tops and bottoms
according to someone else's rules ..

So if the high stays in place I'm going to hold because it is past 11AM so probabilities, in terms of time of day, make the risk worth it.

Stop is 1pt above high
- 2485. will hold all day or a decent drop.
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Old Sep 11, 2017, 4:59pm   #83
 
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Was thinking of scratching the trade but I'm considering SPX 2,483.81 could be the high today.

You shouldn't try to pick tops and bottoms
according to someone else's rules ..

So if the high stays in place I'm going to hold because it is past 11AM so probabilities, in terms of time of day, make the risk worth it.

Stop is 1pt above high
- 2485. will hold all day or a decent drop.

Stopped no regrets 2485 -5

Runnning +18
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Old Sep 11, 2017, 8:05pm   #84
 
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David Knight started this thread Short 2487
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Old Sep 12, 2017, 2:48pm   #85
 
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Short 2487
add 2494

AV 2490.5
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Old Sep 12, 2017, 7:00pm   #86
 
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David Knight started this thread The Dow has not taken out it's morning high- that is what I've been watching.

I expected SPX to creep higher because the high didn't look right to me.

It now looks like a possible high at 2,496.35..


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Old Sep 13, 2017, 4:04pm   #87
 
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David Knight started this thread It feels like the idea is to refuse to allow the gaps to fill until after options expire on fri..

Otoh.. market looks impulsive and I'm on the wrong side (short is usually wrong, like I keep sayin')

I could have scratched the trade yesterday , but unless the market really looks like making another big leg up, I'll give it some more time because it hasn't moved far enough for me to react yet.
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Old Sep 13, 2017, 4:36pm   #88
 
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David Knight started this thread Just like yesterday, the Dow looked like a possible high early on, while it took a while before SPX made it's high.

We seem to have a possible repeat situation. Dow high first @ 22,132.28

Now SPX 2,497.02 is a possible high
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Old Sep 14, 2017, 1:49pm   #89
 
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add 2494

AV 2490.5
Covered @ B/E

Running +18

Looking to buy 2486
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Old Sep 14, 2017, 4:34pm   #90
 
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David Knight started this thread Short 2497

Stop just above high - 2499

Target 2491



Still looking to buy lower.
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