alleytrader

alleytrader

I just took a small starter short position, but will get more short if the alert line is traversed. Control risk, this is a up trend, i am 100% taking first real signal. even if weak.

alleytrader

the last few days have created a level i will use to short from 559.5 Will not bite hard, just fire one shot. Then look for valid entries. This does not mean i fire as it crosses the line it means i now have a confirmed down bias and will look for entry. Small feeler positions maybe taken anyplace as long that bias remains.

alleytrader

In the event the two day low is taken out to the down side, that will stimulate me into action on taking a short. This may only have a small move but want to have runner at that point just in case. I have not seen acceptance of the higher prices. An amazing top 6 top 8 push this week, really impressive stuff. yet when the next and the rest of the top 50 going...

alleytrader Updated 

Today is a poor high on a triple distribution day with lower acceptance, at the time of typing this. This means below today low tomorrow (if acceptance remains in lower area) I will open about a 10 to 20% sized position short.

alleytrader Updated 

The last 2 days low line can just be dragged up and put back live. We do have a bit of excess and that is all a top needs. but we are still firmly in a up move. the close is inside the megaphone bottom and also a distribution low so next week will provide tons of info. Will be using the "break of the 2 day low" I will be starting small and see if I build a...

alleytrader Updated 

I will set an alert at the low of the last two days. At that point of the days internals look soft I will take a beginner level starter put position. The intent is to risk a small amount of $ to try and catch a day trade that I even still want to hold by the end of the day. Alert at 532.50

alleytrader Updated 

today is still early and will say next week for real signal but will put on a few puts today

alleytrader Updated 

Still looking for the spot I am will to short. I see we still could be a week away. Each day i will post what I see and if a trade develops than we find it together. I have no idea of these threads having any value to anyone, so comments or feed back woud be great.

alleytrader Updated 

I have been waiting for a few things to play out before even dreaming of posting the idea of a short. But we are at a spot I will be seeing how it plays out and it may not fully trigger till next week, but figured give you heads up.

alleytrader Updated 

We have reached the top of the formation on the chart and is the area I have been looking at for retrace, so added a bit of short puts for a possible swing short next week.

alleytrader Updated 

The confluence at the lower lever and the 1 hour chart reacting at that level has me buy a very small low risk call option trade.

alleytrader Updated 

This has been a very contained back and forth 20 plus days long range. This range also has had a decreasing daily range also until late this week. I will be watching for a break of this general area, This to me is the turning point to a larger retrace or a move back up traveling the entire range to the ATH area. Step back and ask, this coming week who is winning...

alleytrader Updated 

The top target looks more and more likely to me. However the tight range of the last 6 days has to break up or down decisively to motivate me to take any position in the indices. I will be keeping an eye on larger time frames to see if they are giving me clues. Other than that real simple, doing nothing till the market does, maybe some tiny play positions.

alleytrader Updated 

I am not adding any long term positions. I am adjusting some Delta as we move up. Trade short time frame trades until the consolidation is exceeded. When this breaks out I think we could see a nice sized multi day move so be ready.

alleytrader Updated 

If the candle forming today closes inside the top 30% of the prior candle i will be using it to trigger trades tomorrow. Will update this idea as the market develops.

alleytrader Updated 

The chart tells the entire plan. I do look for around 20 minutes plus of trading time into a level for me to call it broke. I give the idea about a 55% chance based on early action.

alleytrader Updated 

The green line is my line that is a bull bear line and if we hold above will be looking for a place to get long. Below this line my long conviction is gone.

alleytrader Updated 

Let keep an eye on prior high and if that is exceeded then long trade is back in play!