Cobra's Market View

Cobra, what OR and AI mean? sorry, i am not good at abbreviation. go to Getting Start, you'll see everything there. actually what's in there are perhaps the most precious things to me, sadly not many people paid attention. Some experienced traders do know the value there. i did read those articles ...

bbc wrote:

jyao wrote:
Cobra, what OR and AI mean? sorry, i am not good at abbreviation.

AI - Brooks, Al - Reading Price Charts Bar by Bar
OR - open range.

Thanks bbc...

Cobra, when do we switch from counting H1's to counting L2. Trend break? Elliott wave count? Are we counting L1 now? TIA. Require some experiences. I don't think AI's way good for beginners. For beginners, OR breakout is the best way to go, but I cannot tell you the secret, you cannot trade every O...

cletus wrote:

alphahorn wrote:damn the natgas party ended in a hurry

Did you notice the flash crash in nat gas last night? Gee, wish I was trading the futures, even the robots throw a bone from time to time.

Because the underground storage of Nat Gas was increased.
http://ir.eia.gov/ngs/ngs.html

What is NFP pattern? :?: Even Cobra mentioned as well. Thanks... ah ha, didn't read my report last night, or you don't know i have report everyday, actually 2 reports everyday. :( Okay, got it, Non Farm Payrolls. I know you have reports everyday, but I didn't read it last night. :( Thanks...

huge bar with volume surge, if this is not an exhaustion bar, then pretty much bears are dead. QE3 will be in the play, i'd ask you guys donate me CANADIAN DOLLAR please no US$! :mrgreen: today the NFP usual pattern does happen! bear dead! :o What is NFP pattern? :?: Even Cobra mentioned as well. T...

..., so a general rule of thumb is if after 10:30am ET there's a lower low then 90% chances today open < close. So let's see. .... Morning... Cobra, are you saying 90% chance that today might be an uptrend (open < close) day, even if there is a lower low after 10:30am? NO. I said if after 10:30am E...

Cobra wrote:..., so a general rule of thumb is if after 10:30am ET there's a lower low then 90% chances today open < close. So let's see. ....

Morning...
Cobra, are you saying 90% chance that today might be an uptrend (open < close) day, even if there is a lower low after 10:30am?

Cobra wrote:

AK84 wrote:what about weekend plans ??

buy annual to plant, it's flower time.

You better do it tomorrow. Victoria day is raining in TO.

Cobra,
Very appreciate what you have done here. I really got lots of benefit. Thanks again.

99er wrote:jyao: "Am i wrong?"

These MACD histograms are helpful but give different signals in different time frames. Can't say if you're right or wrong right now but what I focus on--the 60-minute chart--there's a bearish divergence. So you're right. On the 5-minute, I'm wrong.

Thanks

99er wrote:jyao: "MACD histogram div. obviously."

Check the chart now.

On your chart, from May 6 to now, the heights are at the same level, but MACD histogram
has a lower low. To me it is a bearish div. Am i wrong?

99er wrote:SPX
Channel update.
http://99ercharts.blogspot.com/2011/05/spx_4711.html
The MACD histogram shows lots of room for downside.

MACD histogram div. obviously.

Hello everyone. I am new.