Cobra's Market View

Recommend a good broker. I use Fidelity who suck big time. 8$ one way and I cannot short UCO, GLD and many other ETFs.

i am tired of not being able to short GLD. Fidelity sucks as a broker.

123.8-124 is the triangle bottom line. Crucial for bears.

I will try to follow you in some trades, keep up the good job! just know whenever i give levels in crude my stop is always .10cents for each contract on entry price. i get stopped out half the time but since i aim for 10:1 on each trade i make 5000-500=$4500 per contract over 10 trades. That is awe...

TWT wrote:It looks like that US equity it is taking a breather waiting for a bottom of the EUR and EU Equity

It would be nice and a buying opportunity if the count below is the correct one

(iv) and (i) intersecting in C - not sure it that works. Maybe maybe we are still in (iii).

Hourly slow stoch still nowhere near OB. Unless there is a midpoint indecision happening. Triangle explains that.

Cobra wrote:it's the oil saved the day I guess. the question is how high the oil could go? It's already $100+ a barrel.

I am short oil from last week

BenAndLloyd wrote:Cobra,
I wasn't aware of your server costs. Why don't we all pitch in towards the cost? Please think about it. Even $3-5 each would cover it.

I am in.

eur/usd target seems 1.35834 if c=a zigzag. We have some ways to go. Gap fill then here ?

Is it me but we are following EUR/USD every move ? It popped now and we did too.

cobra - why pay so much for a server ? You use Amazon cloud - will come out much cheaper. What volume do you get per month ( Gb ) ?

eur/usd doing a zigzag to complete Wave 2. Man, does that mean we have a up day today and a drop tomorrow ? 3 of 3 of 3 of 3 man....give me that 3 or C already :lol: :twisted: Understand the frustration, man. Triangles kill everyone but the brokers. They are collecting their bonuses with this trian...

eur/usd doing a zigzag to complete Wave 2. Man, does that mean we have a up day today and a drop tomorrow ?

EW giving a bearish view...

Dow Trader wrote:I don't trade divergences, but if this is not trending down, then the sharp move is to the upside and the MA is the target

MACD below zero and a not so clean divergence is dangerous.

I just sold into this rally Me too. 125.5 short. Swing trade to 1200. 1200 seems too low, but good luck. I concur, first of all we'd have to break out of the triangle to the downside. Second, we'd have to break the 50% retracement of 1222. Nice short entry BTW Petsamo. Sorry for quoting a random nu...

Petsamo wrote:I just sold into this rally

Me too. 125.5 short. Swing trade to 1200.

cobra - any way to avoid having to press "Submit" multiple times when posting because new posts come in all the time ? Like a "Force Submit".

joeynickels wrote:

pady wrote:what is a gold inverse etf ? Dont want any ultrashort etf. I cannot short GLD in my IRA.

DGZ

Thanks. Shorted gold.

what is a gold inverse etf ? Dont want any ultrashort etf. I cannot short GLD in my IRA.