Cobra's Market View

Holy Batman! Amazon missed: .14 vs. .24 and it is down 14.35 as I write this. Wow!

Hey, Ultramarine (if you are still there), Did you get into a short today? Was just wondering if you tried to use the stochastics approach. I personally bought TZA using stochastics, but I cheated and got in a little before it hit 20.

Cobra is king again! The target for breaking the green line is nearly hit. I was thinking to myself 'how can SPY drop so low in such a short time' earlier when Cobra gave the target, but he is right again :shock: :lol: We love the Cobra! He is almost always RIGHT ON! Simply amazing! :D :D :D

SPX Daily Chart on 10-25-11.png Check out this chart showing the Chaikin Oscillator (that Cobra always references) on the SPX daily. Look at the red lines I drew and the blue line. These lines show where price was in the past and where it went after hitting such a high. Hope the longs took their pr...

OR breakout, so far very strong morning. normally a strong push up like this should at least be 2 legged, so the very 1st pullback to EMA20 is buy. Mark this post of Cobra's all newbies. You are being given a very important tip to BUY at this first pullback. As always, thanks, Cobra, for keeping al...

tdo722 wrote:Also, one more thing, I'd like to mention is overbought/oversold works great when we're in a whipsaw/sideway but once we're in a trend then MA is best.

Cheers.

Spot on! Thanks for this. Many will appreciate it!!! Well, said.

Hi sk, I hope you haven't took off for the weekend yet. I was wondering what are you using for sl and trailing sl. are you implementing atr in your setup? Hope YOU didn't take off! ;) No, I am not implementing atr in my setup. I should probably consider this. I don't have a set stop-loss. I wait fo...

Hi sk, I hope you haven't took off for the weekend yet. I was wondering what are you using for sl and trailing sl. are you implementing atr in your setup?[/quote] Hope YOU didn't take off! ;) No, I am not implementing atr in my setup. I should probably consider this. I don't have a set stop-loss. I ...

Will do! Thanks for sharing. One question. It stays overbought or oversold for a long time with the 144,3,3 parameters. Do you wait for hits to the 20 line for going long or are you relying more on a bullish crossover with the signal line? I noticed it didn't quite make it down to the 20 line yeste...

Will do! Thanks for sharing. One question. It stays overbought or oversold for a long time with the 144,3,3 parameters. Do you wait for hits to the 20 line for going long or are you relying more on a bullish crossover with the signal line? I noticed it didn't quite make it down to the 20 line yester...

UPDATE (gave more specifics -- see blue highlight) FYI ... since I have "been there" and learned: I took profits today on my TNA trade. Got in yesterday at 38.38 and exited today at 42.02. Triggers: 10MA < 20MA on 5 minute and stochastics on the 15MA hit 78. Note: I use a 144/3/3 paramete...

UPDATE (gave more specifics -- see blue highlight) FYI ... since I have "been there" and learned: I took profits today on my TNA trade. Got in yesterday at 38.38 and exited today at 42.02. Triggers: 10MA < 20MA on 5 minute and stochastics on the 15MA hit 78. Note: I use a 144/3/3 paramete...

UPDATE (gave more specifics -- see blue highlight) FYI ... since I have "been there" and learned: I took profits today on my TNA trade. Got in yesterday at 38.38 and exited today at 42.02. Triggers: 10MA < 20MA on 5 minute and stochastics on the 15MA hit 78. Note: I use a 144/3/3 parameter...

MrMiyagi wrote:In my opinion, once a stock tries to go up (or down)once and fails, will try twice and if that fails it is headed the other way.

Agreed! Good advice to newbiew, MrMiyagi! That's what's great about this board -- so many with experiences try to teach everyone their successes/failure.

Thank you sk. I am also mostly a swing trader but got greedy recently and went out of my way because I kept shorting this whole 3 week rally and hoping for at least a decent pullback. Have you tried guppy ma system? I'd love to hear your past experience on it. Cheers. Been there! I have not even he...

Thank you sk. I am also mostly a swing trader but got greedy recently and went out of my way because I kept shorting this whole 3 week rally and hoping for at least a decent pullback. Have you tried guppy ma system? I'd love to hear your past experience on it. Cheers.[/quote] Been there! I have not ...

green line must hold the pullback in order to look not bad. As always, great intraday updates, Cobra! To the indivual who was wondering about where to exit: "FYI ... Cobra gives great input throughout the day, like this update." They help to keep you on the right side of the trade. When i...

green line must hold the pullback in order to look not bad. As always, great intraday updates, Cobra! To the indivual who was wondering about where to exit: "FYI ... Cobra gives great input throughout the day, like this update." They help to keep you on the right side of the trade. When i...

Seriously, no need to post your purchasing power, there are likely millionaires on this board, but they don't brag about it![/quote]


Better to just post entry/exit price and %gain on trade.

So, I am a novice trader. I'm trading ES mini intraday and I have developed a method that is PDG at catching turns. Although, many turns go by with out my method producing a signal. But when it does signal it's right more often than not. I'm paper trading 95% of the time but gaining confidence...in...