Cobra's Market View

Super Mario and Aunt Janet going to be on the phones this weekend for sure.

vol surge should be a rebound here first then we'll see.

te_fern wrote:Today proved that stop losses are required for day trading. Lost 1 point on SOXL, expecting a bounce. SOXL is now down almost 9 points where I exited the trade!

Now down 16 points from where my stop loss was!!!!

Trades with cats wrote:

TF 06-17 (750 Tick) 6_9_2017C.jpg

I use the stop as my initial risk or R for calculating maximum position size. I am very aware that experienced traders like the people on this board will use price action support and resistance. But when the futures start moving I don't have the time to think and consider so this works as a fast and dirty.

thanks very much boss it’s going to take me a while to figure that one out
In the meantime, for others on the stockcharts platform, YOU CAN GET STOPS ON BOTH SIDES, by typing in “short” on one of the sides.
In “overlays” the default is:
Chandelier exit “22,3.0”
Then on the next line type:
Chandelier exit “22,3.0, short”
Then adjust the numbers

NSA working hard...

Al_Dente wrote:

Trades with cats wrote:

TF 06-17 (750 Tick) 6_9_2017C.jpg

I use the stop as my initial risk or R for calculating maximum position size. I am very aware that experienced traders like the people on this board will use price action support and resistance. But when the futures start moving I don't have the time to think and consider so this works as a fast and dirty.

thanks very much boss it’s going to take me a while to figure that one out
In the meantime, for others on the stockcharts platform, YOU CAN GET STOPS ON BOTH SIDES, by typing in “short” on one of the sides.
In “overlays” the default is:
Chandelier exit “22,3.0”
Then on the next line type:
Chandelier exit “22,3.0, short”
Then adjust the numbers

Thank you to both of you guys! Gave me alot to think about!

HAPPY HOUR

Here’s what I’m working on I STILL HAVE A LONG WAY TO GO.
This is five min, I RESERVE THE RIGHT TO KEEP CHANGING IT, so don’t lock anything in here.
PINK is the upper and lower stops, am working on replicating cats, I’m not there yet.
WORK IN PROGRESS.
[Off topic: By the way, I LOVE the Bullbear52x bolinger 390/2 (purple) on the 5min, and i really miss him]

In the parallel universe, the dow is up +50 points or so, and the TICKs aren’t really breaking bad … yet… (can change very quickly)
5min, 20 days

zh says that was a "flash crash" on AMZN about 50 min ago

well, guess that's it for today. Monday has been overwhelmingly bull friendly recently. thank you guys, I'll see you in another thread soon.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

there'll be no sentiment poll anymore because despite we have thousands unique visitors everyday but only 2 are willing to contribute...

our weekly sentiment poll is here:
viewtopic.php?f=9&t=2495