1349 1346 1341 1336 spx 1361 1364 1368 1374
10:56 ET, In my view, the scaling could be a good thing( adding/initiating ) either now or around 13:00 ET today
11:27 ET, at 10:56 when the previous entry was made market was at the lows. OK!.
13:01 ET, So far according to the script. Actual low may come 13:30 +-15 Minutes
13:48 ET, Frankly I would not like new lows now and thereafter, that does not mean all is over, but that could mean continuation or meandering lower. Well... We shall see, scalers should stay put. That is what scaling means I guess ( it means to admit, that we do not know where the low really is, but we feel withing the MDS context that it is not more than 3 days away, on average)
14:17 ET, Lift off , Houston Reports lift off, barring unforeseen circumstances we shall arrive to profits soon, please keep tailing stops on any access positions
14:25 ET, First stage Booster Disengaged, entering the second stage, keep the trailing stops, please
14:47 ET, HOUSTON got to do something the second booster is failed and we have reentered the earth zone, but Dear Readers, seriously, there should be no new low according to what I am looking at. If we have , that is really bad.
15:31 ET, please note that we may have a perfect three moves to the bottom here, lows at 11, 13:00 and 15 , about 2 hours apart. Now we need this low not to be violated again it is the level of 1929 on NAZ, what a NUMBER! Also note the SPX is not breaking. IS NAZ used for intimidation of weak public hands?
Well, not much worked today on the upside, but small scaled positions could still make money by next 5-6 days. So, see you tomorrow. and thanks for being with us.
Good Trading
60 comments:
Hi Boris looks like more down before any up
oops here we go up it seems
or is that down...
Dear Hopper, I was suggesting we could move lower into 12ET +- 30minutes
Good Trading
Dear Boris,
Good morning.
Thanks again for the emails.
I am currently uncertain enough about the direction in different markets that I'm not even AT the bus stop:).
Good trading to everybody present.
Bert
Dear Bert,
This is transition time,
DOllar ANTIDOLLAR fight and flatlining it is all part of the LARGE/HUGE distribution , which feels like being in the $200 boat in the booming ocean.
There is not a hell of a lot to do except scalp with MDS direction, which gave me over 100$ NQ points in last 3 weeks.
That is life. ON the other hand the longer term trade must recognize the trends. And do the ASSET Allocation. Like shown here
I try to scale and if I have a profit take it and so on and so on, until marekt goes hard against me , in which case I scale more or goes sharp up and I take more profits .
That is it for a while,
Good Trading
Boris
today should produce the extremes on my indicators that we had on the last 2 big downs after the first of the yr.
so unless there is total panic we should see something soon
this should be 3 down --like no bottom--LOL
bought some GDX 44.59
Dear Lag, Good Luck
Good Trading
Boris,
I got it.
old john
Dear John,
Good Morning.
We could go for lower into midday.
And in fact we could have some wait before this trade is over, but the situation dictates action.
Good Trading
Boris,
just put in 25%-stay small and stay in business
thanx
old john
Dear John,
Good Luck
Good Trading
TRINQ--is at levels of past 8 highs using 5 day ma
only the deep lows after the first of the yr. went higher
Hi Boris did scale earlier today near lows
Dear Lag, thanks for updates.
I think this is the time to get courage and buy. If you are a trader, you could wait , but if you are an investor or more so the LONG only fund. These are the perfect times to add.
GOod Trading
Dear Hopper,
Good Luck to you My Dear friend.
Good Trading
Boris,
Is NQ still your favorite vehicle for scaling today? Or are you in ES? Just trying to figure out which index is best to use today.
Thanks,
Blaine
Dear Blaine,
NQ is better in my opintion as it will, probably show more strength, if/when upside develops.
Good Trading
Dear Boris,
Went long NQ near the lows today. I am expecting a bounce here.
On the other hand, I am keeping my position size small on the long side.
Still holding one anti-euro position today. Had to give up some gains today, but hope to fight back.
Dear Greenie,
Good To hear from you.
This market will not keep anybody with the TRADERS pulse away too long(:-
Good Trading
Boris, Your script is so easy to follow that I could not resist. It is 1:15 now. Time to rally? :)
Boris, Where do you expect dollar to go in the coming weeks? 75? 80? 120 :) ?
Dear Greenie,
I think Dollar should go to 80, but the rest should wait for futher evaluation. I think this should happen no later than OCTEOBER.
Of course, I have been wrong before
Good Trading
Boris, I do not trade currencies. Are there any ETF's that can be used to play a rising dollar?
Dear Penn UDN and UUP I think
Checking it out.
I rememner UDN is for down and you can sell it, or buy the other one
GOod Trading
Greenie, UUP is an etf for an up dollar move. waldo
Dear Waldo,
Thanks for help. Always ready with your excellent memory.
Of course Penn and Readers
Particular currencis can be addressed via
FXY ( JPY) fXB ( GBP )FXS (SWISSY) FXM (MEXICan PESO ) cnad the rest of the gang
Good Trading
ISEE currently at 81, following yesterday's 74. We may be nearing a short-term bounce in stocks.
NYSE has been outperforming all day. Could it be that the boyz are buying?
"Greenie, UUP is an etf for an up dollar move."
Thanks Waldo. Greenie does not believe in ETFs :)
Folks, also do not forget FXE for euro. You can short it as pro-dollar.
Boris, 80 by late Sept is my target as well - and that should do something nasty to the commodities and crude speculators :)
Hello Dear Boris....
Okay...you finally said the magic words...80 on the USD Index by October the latest.
Frankly, holding tp without any yield for so long is a bit scary and a bit of a bummer, but I am sure it will be as you say so I can't argue about it :-)
market has no traction
Dear, Xerxes,
I believe I mentioned 80 before.
But we are clear now, I am not very bullish on Dollar, I hope you remember that sentiment.
Dear Greenie, I hope God listens to two of US(:- on USD 80 I mean
GOod Trading
I don't think Boris' rocket will reach orbit. Looks to be falling back into the Atlantic Ocean.
Dear Blaine,
I called HOUSTON, those guys are good. They will think of something we apparent forgot(:-
GOod Trading
Boris,
It is a patient rocket
old john
Dear John,
Great as always(:-
(:- (:- (:-
Good Trading
Houston has one hour... Let's see if they can outsmart gravity.
Dear Blaine,
I hear they have done this for 60 years now!
With occasional failures though
Good Trading
Hello Dear Boris....
Is anybody bullish on the dollar these days???
That has me worried...
Boris, there's always another launch attempt tomorrow. Just following the scaling formula.
MDS disappoints. Bad sell off into the close.
well the lows went, are we in trouble yet. waldo
Dear Waldo,
This is not good, but it is not the end of the world.
I just would not like anybody to be overextended at this point.
It is not great that we have broken the 13:30 low
GOod Trading
I still think we are on the launch pad, the first firecracker was a fizzle. waldo
Stopped out...no more stupid trades.
I've reversed short on my other system. Still holding long on MDS. So I guess thatu means I am only slightly net long at this point.
Hello Dear Boris,
With the possibility of dollar rocket taking off and going to 80,,then would we then expect the JPY to fall maybe as because of Carry Trade investing in U.S.
Also Gold, oil, and all of Anti Dollar would most likely put in new lows.
Dear Tim,
That is what the SEEFUTURE graph is all about, if it is correct...
That is exactly what it says.
GOod Trading
Boris,
Just added a very small amount
old john
Dear John,
Please keep powder dry, this could be a 9 or more rounder.
Good Trading
Boris,
30 % of trading funds allocated, still have 70% available. avg spx 1341
old john
Boris,
SPX closed right at your 5th intraday low AP. Should have stayed away until the close.
I feel sorry for anyone who started scaling on Monday, or God forbid, Friday... I was there in January. MDS just isn't working like it used to. I hope this has nothing to do with its sale on May 17th...
Dear Blaine,
AMAZING is not it
GOod Trading
Boris,
Deep breath
Patience
it is only money not like life or death.
old john
Systems by their nature depend on stochastics to some degree. But stochastics don't prevent crashes. So even the best syustem will take a beating if it happens to be long when a big drop occurs. But over the long haul, if the system is designed right, it can outperform such that there is ample cushion to withstand the occassional shock.
I haven't lost faith in the old MDS yet!
czman,
You are correct, you have to dance with the person you brought to the dance. MDS is it.
old john
btw--My 90 day return from following MDS using my own discretionary scaling model and occassional 2X leverage, is 25%. That's 100% annualized! So MDS can have a bad day and I'm still ahead.
The discipline any good system provides far outweighs my own bad trading behaviors.
There is a reason why they call it investment risk.
Dear John,Czman
The fact that MDS made kind of money it has made is incredible, but that is not what is important about system. System shows you where you are. Without you do not know where you are. We know at this pont that we are on 4th Day of the MDS that means that it either becomes profitable in 2 days or so, or likelyhood of loss is good one. So, This tells us that money needs to be manages and kept to fhe most power on 4-5 th day and if thaty files ( trade does not complete) we go to days of 9-11 or so for real LOAD.
That is the significance of the system. The fact of it earing GAZZIONOS of dollars without discretion is incredible in itself thuogh.
Good Trading
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