the bigger picture, it's still the same story, with MACD HIST and ChiOsc this high, the upside room is limited, I think.
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i just saw the investors intelligence survey and it's amazingly bearish. news letter editors are more BULLISH this week than last week, and almost 2:1 bulls to bears.
I think the price action so far proves the rebound we have (or had) is (was) just a rebound. now the bulls hope is to hold here at least to keep the rebound alive because so far there's no lower low yet. Bulls need pray, may the closing bell sound and we still hold here! yes we can!
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How do you plot the volatility squeezer on 1 min? and how to plot the fib time series on Thinkorswim. Any ideas.
If you can post a screen shot of your screen, that may be helpful.
Sorry for the dumb questions. I am new to all this
Thanks in advance,
kv
There are no dumb questions and Cobra is the best to learn from.
Go here to read about Volatility Squeeze...it's somewhat subjective and takes time trading to trust your instinct.
I do my charts drawing on freestockcharts.com. I have thinkorswim and I know they have Fibonacci Time tools but not as sure it's as easy to use as freestockcharts.com or stockcharts.com. The basic idea is to click the 0 mark at a high and the 1 mark at a low (or vice versa) and look at where the time series expands out to for the 2,3,5,8,13, etc..
i see we're back into the downtrend channel. This correction of yesterday's move is making a Triangle imo.
Cobra wrote:consolidate above the OR high is good, although I still doubt how high the rebound could go.
so we're going to roll over again tomorrow ? down to the floor ?
ahhhhhhhhh this market is driving me insane
not sure tomorrow. I think the market is forming a flag or rectangle here before the next leg down. It's really really very rare the low was yesterday.
Thank u kind sir! i guess i should hedge my longs overnight then .
Will do
Why do you go against the trend over and over again AK? is it daa Kuhjleeee??????
yeah, up up up, ole' ole' ole'! up up up, ole' ole' ole'!
yes we can, yes we can.
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outside bar, tricky here, I really hope bears get killed this time.
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pray, sharply snap back to kill those greedy bears who dared to short below an outside bar.
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oh, no, don't you dare do this to me. bulls are too weak, so disappointed...
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Cobra wrote:consolidate above the OR high is good, although I still doubt how high the rebound could go.
so we're going to roll over again tomorrow ? down to the floor ?
ahhhhhhhhh this market is driving me insane
not sure tomorrow. I think the market is forming a flag or rectangle here before the next leg down. It's really really very rare the low was yesterday.
Thank u kind sir! i guess i should hedge my longs overnight then .
Will do
Why do you go against the trend over and over again AK? is it daa Kuhjleeee??????
Hah...Alpha_M ...if you day traded you would understand what a few greeennn barsss mean! but I guess not
Its ok . Everyone has a different strategy. GLTA!!
volume surge, hopefully a rebound of some kind here. bulls are weaker than I thought, too bad.
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Al_Dente wrote:Cobra: Thanks for the brilliant TOP call (60 min Chio too high), and congrats on the WSJ notice. You da man.
Thanks. too bad, shorting an outside bar even worked for bears. No show to watch
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yellowreign wrote:No short trigger from the Impulse System today, Cobra?
CIS is still holding a short, so no trigger anymore.
For 2nd entry, I'll notify if indeed, but unless the market has a higher high on daily bar (good enough for higher than the previous day), chances are high that there won't be any 2nd entry.
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yellowreign wrote:No short trigger from the Impulse System today, Cobra?
CIS is still holding a short, so no trigger anymore.
For 2nd entry, I'll notify if indeed, but unless the market has a higher high on daily bar (good enough for higher than the previous day), chances are high that there won't be any 2nd entry.
Ah, OK, I thought CIS exited yesterday. Thanks Cobra.
KENA wrote:Well the test of todays bottom held so far so now what????
don't hope much, could be just a back test of a broken trend line.
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