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04/29/2011 Intraday Watering

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Cobra
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Re: 04/29/2011 Intraday Watering

Post by Cobra »

AK84 wrote:
Cobra wrote:and by the way, has anyone noticed the INDU behavior on %B? INDU is a very special index unlike the other index that far above %B may mean nothing. if you have time, you could check the history since 2007 top.

Cobra,

if u know that a pullback is coming , why not ignore ur model and go short or stay in cash ? this is where i get confused sometimes. i undetrstand the failed trade system but dont u want to be ahead of that ?

BTW. LONG LIVE THE COBRAAAA COZ WITHOUT HIM TRADING ISNT ANY FUN !
trading against trend is always dangerous, I don't want you guys to take the risks after all not many people are very experienced, so if I say, I expect a pullback and I've shorted, then some inexperienced guys may follow and chances are pretty high that they lose money eventually. So nowadays I only report the with trend trade. I myself, may or may not take the "against trend" trade depends on how confident I'm on my forecast and the against trend trade is always smaller than the with trend trade currently held. I think 90% chances I don't take the "against trend" trade.

Then why bother do the forecast? Because it's useful for experienced traders. You know, I'm trying to fit for everyone's needs here and that's why now I separate the trading signals from the market outlook.

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Dow Trader
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Joined: Thu Feb 17, 2011 11:59 am

Re: 04/29/2011 Intraday Watering

Post by Dow Trader »

Cobra wrote:
ballatines wrote:Tks Cobra ~ I love this great site and your inspirational analysis ! always appreciate it :P
Thanks. After 3 years, I finally know what I should write what I should not. At the very early stage of my writing, I think it's very confusing although you guys mostly didn't say anything. Now I'll try my best to be direct and transparent (just look at my avatar, who am I? What did I say recently. Yeah, transparent). The report should be much better than before now. Hope you guys like what I write now then before.
I like the report and apreciate it.. thanks Copra
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Cobra
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Re: 04/29/2011 Intraday Watering

Post by Cobra »

Artyomzzz wrote:Ok, since we talk about Cobra now :D one thing amazes me is how you know and keep up with all those stats that you publish at the end of the day in your End-of-Day comments? For instance, VIX & SPX close in green, SPX bars 8 times green in a row, etc, etc, and what it all means :shock:
I always try to find something unique for the day so that I can have something to say. :mrgreen:

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Cobra
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Re: 04/29/2011 Intraday Watering

Post by Cobra »

nowadays we always close strong. but the last 2 or 3 5 min bars usually weak. let's see.
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cletus
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Re: 04/29/2011 Intraday Watering

Post by cletus »

IYR and XLF weaker than the market today. IYR especially has been leading recently so perhaps a pullback is coming, although the overall short-term target for IYR is still a point higher which could hit next week.
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Cobra
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Re: 04/29/2011 Intraday Watering

Post by Cobra »

well, guess that's it for today. we have 4 days in a row close above BB top which is rare but it did happen in the past. thank you guys, I'll see you the next Monday!
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StrikePrice
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Joined: Wed Mar 30, 2011 1:27 pm

Re: 04/29/2011 Intraday Watering

Post by StrikePrice »

Thanks Cobra!
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jamesmith
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Joined: Mon Feb 14, 2011 12:17 pm

Re: 04/29/2011 Intraday Watering

Post by jamesmith »

Thank you Cobra laoda~~
have a good weekend everyone
pablorynx
Posts: 116
Joined: Mon Apr 11, 2011 11:34 am

Re: 04/29/2011 Intraday Watering

Post by pablorynx »

probably no one looks but looks like north of 10bn traded in the mkt thru the close to spike us up higher
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ysc
Posts: 27
Joined: Fri Apr 29, 2011 11:12 am
Location: Dallas

Re: 04/29/2011 Intraday Watering

Post by ysc »

Hi everyone,

I am so gald to find out this board and hope I can be successful in trading with you guys' help.
Have a nice weekend,

YSC
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