06/08/2011 Intraday Watering

[cougar]

hmm, it was a kiss the Triangle goodbye? no idea.

Yes Cobra, it was a last kiss “outdoors”...A good bye kiss!

[agnosia]

long 1278.

[HK88]

Wow, if we go on like this, it will be down 6 straight days and 4 of them out of daily lower BB. I guess there are not many instances like this...

[Cobra]

Wow, if we go on like this, it will be down 6 straight days and 4 of them out of daily lower BB. I guess there are not many instances like this...

7 cases if I remember correctly since year 2000.

[ctu688]

UNG made a new high so this trade is a little wobbly. I'm giving it another day or two to roll over, but if it doesn't, abandon ship. The main reason I thought it would be a decent entry was:

1. Negative divergence on the daily RSI
2. At a cyclical turning point
3. High volume into the highs suggesting possible professional profit taking
4. Three drives to a high over the course of the last few months.

Let's see if it works, so far, nothing big.

Got your idea and adjust me target. thanks

[BullBear52x]

Cobra, should I waste another 25 min. here?

I might end up buying something, my ichy finger want to buy something bad....

[agnosia]

long 1278.

took a point @ 1279.... the bulls are very very weak

[BlackThought]

Wow, if we go on like this, it will be down 6 straight days and 4 of them out of daily lower BB. I guess there are not many instances like this...

7 cases if I remember correctly since year 2000.

in those 7 cases did a huge bounce ever occur? or did it just slowly melt down like what's happening here..

[Cobra]

Wow, if we go on like this, it will be down 6 straight days and 4 of them out of daily lower BB. I guess there are not many instances like this...

7 cases if I remember correctly since year 2000.

in those 7 cases did a huge bounce ever occur? or did it just slowly melt down like what's happening here..

you can check my last night's report, all the cases are there.

[KENA]

UEMPLE..I could not resist so I am joining you. Just got small position with SPY long for green day tomorrow.Who
knows the odds may be with us.

[AK84]

Cobra, should I waste another 25 min. here?

I might end up buying something, my ichy finger want to buy something bad....

meee tooo ! laauddaaa has daaaa khujleeee!!

[KENA]

Come on BB52x BUY!!!!!!!!

[Cobra]

why you guys are buying, i'm gradually covering. this market is really scary although from the chart, I see more down ahead. not even a BEAR FLAG!

[BullBear52x]

I got the rule to follow, have a good one everyone. I am shuting her down. Thank you and good luck trading all.

[alvian33]

cobra, what do you mainly trade, es futures? thank just curious

[Cobra]

well, hopefully, 2 legged up from here.

[BullBear52x]

Come on BB52x BUY!!!!!!!!

Not this time. rule is rule.

[soku]

UEMPLE..I could not resist so I am joining you. Just got small position with SPY long for green day tomorrow.Who
knows the odds may be with us.

seems it is the consensus? i bot some spy 130c to support u.

[agnosia]

tick looking good, copper taking off.. long 1278 ...

[Cobra]

cobra, what do you mainly trade, es futures? thank just curious

mainly leveraged ETF as I've explained before when trend is in transition period, i sometimes have to hold both short and long while ES is not easy to hold both at the same time on the same account. By hold both long and short it allows me to do the smooth transition when trend changes.