10/21/2011 Intraday Watering

[seekingknowledge]

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 on 15MA stochastics. Key to profits is discipline/patience. I'll wait to get back in when stochastics move lower than 20 again and then come up again above 20. Otherwise, I'll just go enjoy my day now and enjoy my profits. Have a nice weekend![/quote]

[KENA]

If the P bars are right we will fil the gap.Lets see.

[MrMiyagi]

123.2 retest time..

Tried to break through 123$ twice and failed so in my opinion it won't make it for now.

[dcurban1]

Not happy with the way the charts look. I think we are about to rollover in the next week.

[ultramarine]

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 on 15MA stochastics. Key to profits is discipline/patience. I'll wait to get back in when stochastics move lower than 20 again and then come up again above 20. Otherwise, I'll just go enjoy my day now and enjoy my profits. Have a nice weekend!

[/quote]


Thanks SK! Do you mean the STO for the 15 min chart (instead of 15 MA) ?

[MrMiyagi]

I'm just an amateur at this though...

[bonzodon]

I am trapped in TVIX half in and started loosing some. Wish the market to return back in the range to break even.
What are the chances it might decline. Is midday reversal possible? Any suggestion would be helpful from active TVIX traders.

Going to be very volatile today, hard to say. I got out yesterday. Technicals on tvix are bearish throughout October, except for the last couple days and the vix continues to go lower. Check the daily chart for tvix, continued lower lows.

I bought the TVIX yesterday evening at the breakout after the H&S failure. So got trapped today with the gap up open. Still believe that I can break even if it tries to fill the gap. Else I have no guts to keep it over the weekend though my FEELING (like cobra's). If it goes otherwise, set the stop loss @58.80.....I am praying

[seekingknowledge]

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 on 15MA stochastics. Key to profits is discipline/patience. I'll wait to get back in when stochastics move lower than 20 again and then come up again above 20. Otherwise, I'll just go enjoy my day now and enjoy my profits. Have a nice weekend!

Thanks SK! Do you mean the STO for the 15 min chart (instead of 15 MA) ?[/quote]

Oops! Indeed, I made a mistake. Yes, I meant on the 15 min chart. I do that kind of stuff all the time! Think I'm dyslexic!! This parameter makes a HUGE difference. I learned it from some other stockcharts.com trader and it works for me.

[Cobra]

consolidation at OR low, let's wait for the breakout, could be on either side, downside has a little bit higher odds though.

[tdo722]

PS: even my fav 50/200ma on 5min just crossed 2 sell (50/200ma credit corey rosenbloom’s site years ago), that usually good for a few days, albeit whipsaws

Al, are you talking about 50/200 cross on SPY? I don't see it on mine.

50/200ema crossing is good for 1min but for 5min, i'm not sure al.

[Al_Dente]

PS: even my fav 50/200ma on 5min just crossed 2 sell (50/200ma credit corey rosenbloom’s site years ago), that usually good for a few days, albeit whipsaws

Al, are you talking about 50/200 cross on SPY? I don't see it on mine.

ooops, thanks michelle, my bad

[MrMiyagi]

I hear the Greece bailout has been approved.

[tdo722]

What is the inverse of tvix?

[Al_Dente]

OK last chart today, Bulls! What's UP?

yr homework for weeknd: u r in charge of music monday, please

[CognitiveDissonance]

What is the inverse of tvix?

There's xiv but I don't believe it's 2x

[cougar]

TVIX is at the line in the sand = 58.7
============
If anyone wants to see my trading chart, let me know.

Hey that's not fair.

BulBear: I have to transfer my chart from another bot and change several display parameters...So, I would like to know if there is any interest for it. If yes, I would do it... That's all...
I am not interested in “popularity”. I am also busy, as you might imagine…

You know I value your charts A LOT no time no problem I will see you on the weekend hole.

Thank you BullBear! I take it as a compliment, from a great technical analyst.
By the way, I think that SPY is in a critical zone of “potential reversal”…

[wayne0708]

[quote="Cobra"]consolidation at OR low, let's wait for the breakout, could be on either side, downside has a little bit higher odds though.[/quote
Why down side has better odd, is it because previous trend was down?

[pablorynx]

pbar 121.65

[Al_Dente]

PS: even my fav 50/200ma on 5min just crossed 2 sell (50/200ma credit corey rosenbloom’s site years ago), that usually good for a few days, albeit whipsaws

Al, are you talking about 50/200 cross on SPY? I don't see it on mine.

50/200ema crossing is good for 1min but for 5min, i'm not sure al.

thanks tdo, my bad

[ricster3]

Paging 99er...

Could we please get an update on the $RUT? Would like to see the channels again, with the updated prices. Went long $TZA @ 37 (a bit high)...

Thanks a lot