Back to www.cobrasmarketview.com

   

05/23/2018 Live Update

Re: 05/23/2018 Live Update

Postby Cobra » Wed May 23, 2018 12:42 pm

can someone tell me if this is THE higher low?
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 44034
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/23/2018 Live Update

Postby fehro » Wed May 23, 2018 12:45 pm

triangle.. SPX intra day
Attachments
Screen Shot 2018-05-23 at 9.44.03 AM.png
fehro
 
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/23/2018 Live Update

Postby QED » Wed May 23, 2018 12:46 pm

Cobra wrote:can someone tell me if this is THE higher low?

I think the FOMC will tell us at 2:00 p.m. ;)
QED
 
Posts: 790
Joined: Wed Feb 11, 2015 2:04 pm

Re: 05/23/2018 Live Update

Postby Cobra » Wed May 23, 2018 12:46 pm

target day high possible. right now still cannot say it's range or from now on trend is up.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 44034
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/23/2018 Live Update

Postby fehro » Wed May 23, 2018 12:51 pm

QED wrote:
fehro wrote:i'd go long at 0.00 or better yet (-200.00) :roll: :lol: :lol:

:lol: :lol: :lol: :lol: :lol:


time to make my millions with t-shirts? "I traded bitcoin and all I got is this t-shirt" or " I was mining bitcoins and all I got is this t-shirt"

too soon? :roll: :lol: :lol: :lol:
fehro
 
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/23/2018 Live Update

Postby Trades with cats » Wed May 23, 2018 12:59 pm

Once again nothing but wicks and tails at ES 2716.

Fed minutes, in my worthless opinion, will be carefully written (remember the actual minutes are embargoed for like 20 years) to assure the market that a lively and active debate about rate increases is underway. This, of course, to a significant extent is smoke and mirrors. The elephant in the corner is the balance sheet, that is the stopping of the global liquidity pump. So far it is destroying the Italian and Turkish economy and of course the crisis will spread. Bet a beer this problem will be buried in the footnotes if it shows up at all. At some point in the future a journalist will write that no one could have foreseen the European banking crisis caused when the central banks stopped printing money. :twisted: :lol:
Trades with cats
 
Posts: 8078
Joined: Sat Oct 11, 2014 4:40 pm

Re: 05/23/2018 Live Update

Postby fehro » Wed May 23, 2018 1:04 pm

fehro wrote:triangle.. SPX intra day


mind the algo move for the FOMC minutes.. both targets may get tagged and stops on both sides could get blown out
Attachments
Screen Shot 2018-05-23 at 10.02.50 AM.png
fehro
 
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/23/2018 Live Update

Postby te_fern » Wed May 23, 2018 1:04 pm

Watching this line for a break up....
Attachments
SPX.PNG
te_fern
 
Posts: 2787
Joined: Tue Nov 24, 2015 3:35 pm

Re: 05/23/2018 Live Update

Postby Cobra » Wed May 23, 2018 1:05 pm

you see it briefly hit the sell zone (red arrow)? This is the concept of trading a range, all you have is a zone, so don't come and say that I'm wrong on the range high target, I'd be really pissed.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 44034
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/23/2018 Live Update

Postby Trades with cats » Wed May 23, 2018 1:09 pm

May I say that people who are paid to talk about trading are all in agreement, with a range you sell both edges or you will blow up your account. Anybody who argues about it is simply lacking in experience or worse is bull headed ignorant about what they don't know. :lol:
Trades with cats
 
Posts: 8078
Joined: Sat Oct 11, 2014 4:40 pm

Re: 05/23/2018 Live Update

Postby Al_Dente » Wed May 23, 2018 1:10 pm

Smalls continue to sell off when they reach that declining red ma
hmmm……. stay tuned... should make a lower low.......
5min
523five.png.png
User avatar
Al_Dente
 
Posts: 22635
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/23/2018 Live Update

Postby Cobra » Wed May 23, 2018 1:12 pm

let me reiterate how in theory to trade a range:

You guess a range. Yes you guess.

You divide the range into 4 parts. Some divide into 3 parts, but I think only 4 can guarantee the risk reward is 2.

You buy in the lowest 1/4 zone and sell in the highest 1/4 zone. ZONE, ok?

So the entire trade is, right, based on guess, no technical, and this is why I don't like to trade a range day but unfortunately most days are range day.

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 44034
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/23/2018 Live Update

Postby fehro » Wed May 23, 2018 1:26 pm

DXY nHOD nHOW .. at 94.16 mind gold and oil.. that dollar is could fly..
Attachments
Screen Shot 2018-05-23 at 10.25.22 AM.png
fehro
 
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/23/2018 Live Update

Postby Al_Dente » Wed May 23, 2018 1:35 pm

I wish some jerk would “blame” Cobra so he would go on and on.
His chatter is a rare gift; it’s what I live for.
User avatar
Al_Dente
 
Posts: 22635
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/23/2018 Live Update

Postby 1der » Wed May 23, 2018 1:44 pm

PastaBoss - I have tears rolling down my cheeks - omg!

I so incredibly appreciate this forum, its members, and Cobra. It is one of the RARE forums of any type that is civilized, informative,supportive and respectful.
1der
 
Posts: 609
Joined: Thu Mar 24, 2011 4:03 pm

Re: 05/23/2018 Live Update

Postby Al_Dente » Wed May 23, 2018 1:48 pm

In honor of FOMC at 2:00, I am calling an EARLY HAPPY HOUR
Please note that this bear is just testing the limits. He wants food/fuel. Both ears are tagged, so he will be identified and shot dead if he gets toooo frisky.
bear tagged.png.png


no surprise: zh opines bear
“…these could be the first FOMC minutes in a while which have an outside market reaction, and with the Fed potentially set to remove the market's training wheels, stocks may not like it.”
https://www.zerohedge.com/news/2018-05- ... to+zero%29
User avatar
Al_Dente
 
Posts: 22635
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/23/2018 Live Update

Postby fehro » Wed May 23, 2018 1:49 pm

fehro wrote:DXY nHOD nHOW .. at 94.16 mind gold and oil.. that dollar is could fly..

94.187 nHOD nHOW
fehro
 
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/23/2018 Live Update

Postby Al_Dente » Wed May 23, 2018 1:52 pm

1der wrote:PastaBoss - I have tears rolling down my cheeks - omg!
I so incredibly appreciate this forum, its members, and Cobra. It is one of the RARE forums of any type that is civilized, informative,supportive and respectful.

agree, luv u boss :D
User avatar
Al_Dente
 
Posts: 22635
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/23/2018 Live Update

Postby te_fern » Wed May 23, 2018 1:54 pm

Might as well draw the triangle, not much else to do today!!
Attachments
SPX.PNG
te_fern
 
Posts: 2787
Joined: Tue Nov 24, 2015 3:35 pm

Re: 05/23/2018 Live Update

Postby Cobra » Wed May 23, 2018 1:58 pm

mini roller coaster show in 2 minutes, so far we're in a range.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 44034
Joined: Sat Feb 12, 2011 10:29 pm

PreviousNext

Return to Traders Lounge

Who is online

Users browsing this forum: No registered users and 3 guests