02/18/2011 Intraday Watering

[verve$]

This is a tradable pullback. I guess lets go long.

[shumushu]

I've drawn another trendline .This blue dashed one should be the max swing range unless it is broken out again on the 30minutes. Imo, we are still inside the rising wedge.

[ranchgirl]

BAL [ 97.34 -13.66-12.31% 285 97.25-100.83 35.64-111.66]

what happened?

[trader]

Cobra, in various trading systems, which type do you feel is most reliable, like H1L1/H2L2?

[uempel]

This morning I thought 1342.80 would make a nice top:

http://stockcharts.com/h-sc/ui?s=$SPX&p ... =166922874

Nice chart!

Yeah, nice chart, but it would have been better to be long today...

[Cobra]

Not sure if this is H1 long...

[Cobra]

Cobra, in various trading systems, which type do you feel is most reliable, like H1L1/H2L2?

H1/L1 etc is just for scalp not even a system. The most reliable one should be trend following one since no one can predict the market move 100% so why not simply follow?

[shumushu]

Not sure if this is H1 long...

Looks like it, I think we have at least 1 leg up to 1345. In today's pattern, is there H3?

[trader]

Cobra, in various trading systems, which type do you feel is most reliable, like H1L1/H2L2?

H1/L1 etc is just for scalp not even a system. The most reliable one should be trend following one since no one can predict the market move 100% so why not simply follow?

Very true! It's just a little scary to continue follow the trend (which is obviously up) at this high level.

[Cobra]

Could be a successful H1 long here...

[uempel]

My next resistance is 1344:

http://stockcharts.com/h-sc/ui?s=$SPX&p ... &listNum=3

[Cobra]

Cobra, in various trading systems, which type do you feel is most reliable, like H1L1/H2L2?

H1/L1 etc is just for scalp not even a system. The most reliable one should be trend following one since no one can predict the market move 100% so why not simply follow?

Very true! It's just a little scary to continue follow the trend (which is obviously up) at this high level.

My experiences: the one you afraid the most is the most reliable trade; the one you're most confident usually would be a bad trade.

[wave]

wow. I am dizzying.

My next resistance is 1344:

http://stockcharts.com/h-sc/ui?s=$SPX&p ... &listNum=3

[wave]

We are lack of the last surge to finish the up trend which target is about 1355-1360.

[EvilTrader]

SPY stuck in a rising wedge on the 1min chart.

Looks pretty extended right now.

Maybe bears will have a breath today.

[Cobra]

If I may guess, another push up ahead.

[99er]

SPX
"Go."
http://99ercharts.blogspot.com/2011/02/spx_7159.html

[Cobra]

Measured Move:

[verve$]

Expecting a midday reversal in an hour from now

[uempel]

wow. I am dizzying.

My next resistance is 1344:

http://stockcharts.com/h-sc/ui?s=$SPX&p ... &listNum=3

Yeah,if you just look at it for a second or two the chart is a mess. But if you know how to use it it's good for S/R. I guess I should not post it as it's just a working tool of mine which makes little sense for viewers who are not into Gann and Andrew's Forks.