Cobra's Market View

Got ya, thanks for the reply.

There was a setup last night that has about 25 trades in 2 years. I can't post a chart as I helped someone else work on it and it's really their baby. It was developed, and has not changed, in January of 2011. It involves an adaptable, but fairly steady, MA and Bollinger bands and a proprietary osc...

ActiveTrader wrote:.

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Haha, they closed it above the open, so no black candle. It is still a doji candle.

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Bounce at 67? e.png I know everyone uses different amounts of leverage, but I never have been good on the very small scalps when it takes several hours just to move up/down 3 or 4 points. I get using 3x or 4x leverage can make decent money on 3 to 5 points, but when there is no intraday volatility ...

Cobra wrote:I won't bet this is just one leg pullback so the rebound shall fail.

The market ignores basic technical analysis principles most of time.

rpccharts wrote:ES session range estimate is 1247-1265 from this AM. The trend is upward and a rally from 1147.50 which matches the size of the October rally would bring the ES to 1370.

The Bullish side

Are you Carl Futia? Or do you just quote his free blog everyday?

Thanks for the charts weekenders, and Cobra for hosting. Don't look now, but the market (SPX) just gained / lost 100 points. I took a lunch break and missed it. I feel somewhat lucky to have made 60 inverse points in the last couple of weeks, and somehow decided to close my shorts on 11/25. The lig...

How do I create a new ID since I already signed up? You need click signup at www, where there's a PayPal button, you need pay first to lock in $10 a month membership then you'll see register form. I already paid through PayPal, but I used ActiveTrader on http://www.cobrasmarketview.com so it won't ...

How do I create a new ID since I already signed up? You need click signup at www, where there's a PayPal button, you need pay first to lock in $10 a month membership then you'll see register form. I already paid through PayPal, but I used ActiveTrader on http://www.cobrasmarketview.com so it won't ...

I just signup for a membership. Will we have to create another username at http://www.cobrasmarketview.com when you change over to paid membership? Thanks for everything that you do. Your site is excellent!!! Thanks, and yes, you'll have to create another user name at www. It's a different site. I ...

I just signup for a membership. Will we have to create another username at http://www.cobrasmarketview.com when you change over to paid membership? Thanks for everything that you do. Your site is excellent!!! Thanks, and yes, you'll have to create another user name at www. It's a different site. I ...

Hi Cobra, I was on vacation until last night...Missed the big move this week...anyway, I signed up last night for your website as a "charter" member and continue to look forward. thanks for your great efforts and insights! Vats Thanks, really really appreciate. I don't know why, for 50K I...

soku wrote:damn i think i should relocate to asia. i missed this one

Obviously, the "real" trading hours are during trading in Asia and early morning in Europe. The U.S. trading has become a robot chop fest.

" new daily highs " you mean above 1370 ? I don't think we it will go there in 10 days ( but anything can happen specially with Euro news these days ) because the amount of resistance areas in the way up are a lote and clear. 8-) 1220 to 1245 should hard to clear if this is a real down tr...

Question: why can't the ES trade in a range for 1 or 2 days before trying to fill the 1198 gap down. Technically, it would make more sense, but not much in this market makes technical sense. :mrgreen: Because Vix above 30 8-) Maybe that argument works and maybe it does not, but normally it is not a...

Question: why can't the ES trade in a range for 1 or 2 days before trying to fill the 1198 gap down. Technically, it would make more sense, but not much in this market makes technical sense. :mrgreen: Because Vix above 30 8-) Maybe that argument works and maybe it does not, but normally it is not a...

Question: why can't the ES trade in a range for 1 or 2 days before trying to fill the 1198 gap down. Technically, it would make more sense, but not much in this market makes technical sense.

Maybe break below 1205 or 50 DMA on SPX tomorrow morning to trigger the sell stops then reverse back up before the close?

Looks like the bots suckering both sides before they pop or drop it into the close.