Trading With Relentless Quest LAB
$AAPL Trades and Setups Post Earning
Previously: June 29th: AAPL: went under 4.236 extension for a moment, but closed above it (link). June 28th: AAPL: Still holding the previous 4.236 extension, would not be aggressive on the short side while this line holds. Experience tell us not to do it. June...
The 2414 is the Support Area for $SPX | $SPY, $ES_F
Now that we have revised the previous updates we will dedicate a special attention to June 4th The market is above the 1.382 -2430- of the 1-2 in red (link), the 8-EMA weekly is at 2438 and the 55 DEMA is at 2417. Holding above this area we can project 2505-2507 at a...
RQ Trades
For positioning purposes:
We start trades with 1% of portfolio or less; max size is 5% of portfolio per trade, excepting on Indexes, we can add up to 20% of our portfolio on the long side of the market under exceptionally clear setups.
Trades done here might take from three months to 1 year to materialize. Some might take one month or less, but expectations should be set for not expecting immediate results. That is not the style of this room. Only short term trades are done on TNA/UPRO and it’s inverse ETFs.
We are not looking for immediate results, we are looking for consistent cash flows over long periods of time, we have not conviction on any trade, we are 99% of the time neutral on our analysis. Our analysis might differ significantly from our trades, based on risk management approximations.
Finally the size of our portfolio is 4 Million plus a 65% margin. Trades are based on our capital, so for all purposes 4 Million is the base from which we calculate our exposure. 1% trade is simply a 1% trade, trades posted this way: .05 or .04% are trades under 1% exposure and must be understood as such.
Some of the Strategies
Elliott Wave and Fibonacci Time & Price Strategies
Latest Positions
What do we have in our basket ?
Core is unchanged and have added some new trades that matches our current model
OUR PERFORMANCE
We Keep Close track on our Core positions which always invested and hedged. Current Trading Positions are 8% YTD
