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11/07/2017 Live Update

PostPosted: Tue Nov 07, 2017 10:21 am
by Cobra
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the pullback will be bought.

Re: 11/07/2017 Live Update

PostPosted: Tue Nov 07, 2017 10:23 am
by Cobra

Re: 11/07/2017 Live Update

PostPosted: Tue Nov 07, 2017 10:31 am
by Trades with cats
Asia says new high and London/Frankfurt clearly rejecting 2593.5. See how skinny the volume was at the new high.
ES 12-17 (1000 Tick)  11_7_2017PM.jpg
The night Session

Re: 11/07/2017 Live Update

PostPosted: Tue Nov 07, 2017 10:36 am
by Daniel
Back to nickel-per-gridline on Cobra's master 5min SPY chart. Extraordinary range contraction continues...

:?

Re: 11/07/2017 Live Update

PostPosted: Tue Nov 07, 2017 10:48 am
by Trades with cats
Testing that overnight high. Interesting, the Small Caps are more inclined to test the overnight lows.

Re: 11/07/2017 Live Update

PostPosted: Tue Nov 07, 2017 10:57 am
by te_fern
Trades with Cats, I'm watching this triangle on the levered smalls....

Re: 11/07/2017 Live Update

PostPosted: Tue Nov 07, 2017 11:00 am
by Al_Dente
RELATIVE STRENGTH
What's strong? Tech
What's not strong? everyone else
https://stockcharts.com/freecharts/cand ... LT:SPY|C|0

Re: 11/07/2017 Live Update

PostPosted: Tue Nov 07, 2017 11:01 am
by Cobra

Re: 11/07/2017 Live Update

PostPosted: Tue Nov 07, 2017 11:01 am
by te_fern
Pasta Boss, on your stop loss question, I'm guilty of confusing brains with a bull market. I waited until I had a small profit and then put the stop loss at a breakeven point. I actually used TD Ameritrade's contingent trade system where I had the stop loss and then a sell at 162 if it reached there. One cancels the other if one is triggered. I had to be away the rest of the afternoon. It took me out at 162. Left some on the table, but was good with the trade...

Re: 11/07/2017 Live Update

PostPosted: Tue Nov 07, 2017 11:02 am
by Cobra
the pullback will be bought.

Re: 11/07/2017 Live Update

PostPosted: Tue Nov 07, 2017 11:05 am
by te_fern
So much for that support line...

Re: 11/07/2017 Live Update

PostPosted: Tue Nov 07, 2017 11:12 am
by Trades with cats
te_fern wrote:So much for that support line...

Ah it was TRUE the TRUE car buying service doing it's very own version of PETS.Com. Gotta love the unicorns for a short when they have to start acting like adults.

Full disclosure, we have been using pricing services (mostly Edmunds) to make car negotiating fun for decades. So nothing new here just an overhyped wrapper.

Re: 11/07/2017 Live Update

PostPosted: Tue Nov 07, 2017 11:15 am
by Al_Dente
te_fern wrote:................ but was good with the trade...

:D :D

Re: 11/07/2017 Live Update

PostPosted: Tue Nov 07, 2017 11:17 am
by Trades with cats
Here we go moving into position for the breakout or the double top.

Re: 11/07/2017 Live Update

PostPosted: Tue Nov 07, 2017 11:27 am
by te_fern
Gold futures (3 min) really fell off the table this morning...

Re: 11/07/2017 Live Update

PostPosted: Tue Nov 07, 2017 11:32 am
by Trades with cats
Gotta ask, how many gold traders are left as the crypto's take over.

Re: 11/07/2017 Live Update

PostPosted: Tue Nov 07, 2017 11:35 am
by Trades with cats
Closing down on yesterday's POC/VWAP 2587 ES. I have 2582 as the 20 day Average Daily Range low, so a possible close at that level if it continues ugly.

Re: 11/07/2017 Live Update

PostPosted: Tue Nov 07, 2017 11:43 am
by te_fern
Trades with cats wrote:Gotta ask, how many gold traders are left as the crypto's take over.


Young people trade the crypto's and the old folks trade gold!! LOL!

Re: 11/07/2017 Live Update

PostPosted: Tue Nov 07, 2017 11:45 am
by Trades with cats
Bouncing on yesterday's VWAP/Point of Control. Real question is will it hold or will Chair Yellen have to rescue the market after lunch with her speech.

Re: 11/07/2017 Live Update

PostPosted: Tue Nov 07, 2017 11:46 am
by Al_Dente
Trades with cats wrote:Gotta ask, how many gold traders are left as the crypto's take over.

me
cash not futures
gold miners, NUGT, DUST
:D