Cobra's Market View

AK84 wrote:
also more Losses!! works both ways my friend

truer words have never been spoken ... people never look at the other side of that coin.

i put my money where my mouth is.. tried a small long at 1153 pivot.. my stop is 1149.75

agnosia wrote:

AK84 wrote:
also more Losses!! works both ways my friend

truer words have never been spoken ... people never look at the other side of that coin.

75% of my trades are using options. i consider it leverage...and it should be considered as such - amplification on both sides.

testing OR high, let's see if any rebound here. deep inside into the OR high would mean overlap therefore confirm this is just a rebound.

jarbo456 wrote:

agnosia wrote:

AK84 wrote:
also more Losses!! works both ways my friend

truer words have never been spoken ... people never look at the other side of that coin.

75% of my trades are using options. i consider it leverage...and it should be considered as such - amplification on both sides.

i am with you - 100% of my trades are in futures which are levered up the gazoooo ... options and futures are very closely related in that sense.

agnosia wrote:

jarbo456 wrote:

agnosia wrote:

AK84 wrote:
also more Losses!! works both ways my friend

truer words have never been spoken ... people never look at the other side of that coin.

75% of my trades are using options. i consider it leverage...and it should be considered as such - amplification on both sides.

i am with you - 100% of my trades are in futures which are levered up the gazoooo ... options and futures are very closely related in that sense.

I need to learn futures too....and forex.......one day....

heavenskrow wrote:

agnosia wrote:

jarbo456 wrote:

agnosia wrote:

AK84 wrote:
also more Losses!! works both ways my friend

truer words have never been spoken ... people never look at the other side of that coin.

75% of my trades are using options. i consider it leverage...and it should be considered as such - amplification on both sides.

i am with you - 100% of my trades are in futures which are levered up the gazoooo ... options and futures are very closely related in that sense.

I need to learn futures too....and forex.......one day....

I need to learn to trade ES for sure! I do mainly single stock ...trading SPY options is not exciting to me ! Hopefully one day !!

Happy the way I am right now though

I love everyone here. so much insight!

VIX surged today. That means strong chance of green day tomorrow, right Cobra?

I need to learn futures too....and forex.......one day....[/quote]

I need to learn to trade ES for sure! I do mainly single stock ...trading SPY options is not exciting to me ! Hopefully one day !!

Happy the way I am right now though

I love everyone here. so much insight![/quote][/quote][/quote][/quote]

i like NOT-exciting trading. lol

daily rips and sell-offs that are clearly signaled, nice and smooth, and last a couple of hours are the days that i like.

nice and boring and PROFITABLE.

normally, the current pullback should be at least 2 legged, so a rebound here, should fail.

tough fight at this SPY 116 level. some kind of triangle forming on the 1 minute though.

break above 60ema at 1162.5 and i will add to my /es long... looking for eventual gap fill attempt at 1172.5

Cobra,

What's you're view for tomorrow? Thanks much!

hmmm...well, i guess that pull back was like the great ahab...and one legged. lol

out of my short with a loss. good call on the long side agnosia.

kind of strong close today, more high ahead JMHO.

agnosia wrote:break above 60ema at 1162.5 and i will add to my /es long... looking for eventual gap fill attempt at 1172.5

ok added.... looking for 1170.

wasn't so confused by the move up from 10:30 this morning, but definitely whipsawed and confused by this move in the last 13 minutes. what took us 30 minutes to pull back to, was taken up in just around 12 minutes. confused, a little hurt, and a little annoyed.

thus why i don't like exciting markets!

Closing near 61.8 Fibonacci line. approximate 1164.

wow, very strong close. nothing to say, let's see tomorrow. the big picture is still down though. thank you guys, I'll see you tomorrow.