Cobra's Market View

consolidation, bias is up.

Al_Dente wrote:What a dick
IWM the only intraday breakout
Failed (trying to fail)
5min

[add: if she can bounce off today’s multiple bottom, or better yet print a higher low here…. I’ll apologize…]

INDICES
Percentages since the election
See who leads (red) after all this time
Daily

up as expected. this bull shall have small legs.

I played SOXL twice and got stopped out both times on the volatility. Time to quit and go play golf!

But wait
Here is much of the WORLD
Percentages since our U.S. election
Brown and black are Germany and Tokyo, respectively, and purple is SPY for comparison
(many indices are EOD)
Daily

INDU nATH

As was mentioned last week hanging from a chandelier atr based stop sounds a bit confusing, so I thought I would illustrate.

This is a three minute chart from last week. The stops are using a 10 factor EMA of a 10 period ATR subtracted or added to the price using a 15 prior bar look back period. I picked the parameters to make it easy to see, not optimized for trading. Professor Donchians channel and the ATR are so you can see where the raw numbers come from. Donchain channel changes on the bar but the stop changes on the prior bar so they are slightly out of sync.

So at 11:00 about 1.5 points are subtracted from the the highest high of the prior 15 bars so the long stop is above the upper channel line. Similarly the same amount is added to the lowest low (lower channel) for the short stop. You can see how it freezes when price starts to rise .

I personally think it is a good stop for a trend follower like myself and it has lots of variables so you can waste days over-optimizing

One day I will figure out how to properly paste these previews in to the comments section.

Here is my FOMC / Opex preview - bottom line is the primary turn is almost always post the FOMC announcement.

http://www.cobrasmarketview.com/2017/06 ... ay-update/

-D

the pullback likely will be bought.

Is Sessions on at 2:00ET ?
anyone have a live link?

Trades with cats wrote:As was mentioned last week hanging from a chandelier atr based stop sounds a bit confusing, so I thought I would illustrate.
This is a three minute chart from last week. The stops are using a 10 factor EMA of a 10 period ATR subtracted or added to the price using a 15 prior bar look back period. I picked the parameters to make it easy to see, not optimized for trading. Professor Donchians channel and the ATR are so you can see where the raw numbers come from. Donchain channel changes on the bar but the stop changes on the prior bar so they are slightly out of sync.
So at 11:00 about 1.5 points are subtracted from the the highest high of the prior 15 bars so the long stop is above the upper channel line. Similarly the same amount is added to the lowest low (lower channel) for the short stop. You can see how it freezes when price starts to rise .
I personally think it is a good stop for a trend follower like myself ......

Cool, THANKS boss. I need to study that muchly
[I added ADX-20 on my stockcharts 5min master (on test), because u]

Al_Dente wrote:Is Sessions on at 2:00ET ?
anyone have a live link?

wsj.com, 2:30

Covfefe will be sworn in any minute now

Mission accomplished, Sessions has delivered the press quotes for tonight's news, bread and circuses for the masses continues.

It seems new highs coming again !!!

No reasons to be bear !! 0

well, guess that's it for today. FOMC tomorrow has been mixed recently. thank you guys, I'll see you tomorrow.

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

Urban Carmel‏ @ukarlewitz
“Here’s how equities and treasury yields have performed before and after the last 3 rate hikes.
FOMC meets June 14.”
https://twitter.com/ukarlewitz/status/8 ... 0842307584