Cobra's Market View

Kai not Kay

Trump arrives in the UK

https://www.forexlive.com/centralbank/! ... t-20180712
nothing yet

Al_Dente wrote:
BTW:
"""""Watching an older Al Brooks video last night he said 90% of the time either the high or low of the day is set by the first 90 minutes of trading."""
do u have a link boss?
thanks

I think it is this one https://www.youtube.com/watch?v=8eFEgb0I4Gc

90 min = bar 18


.

Futures Trader 71 sayus 94% (or maybe it was 98, I don't recall for sure) of the time the 60 minute opening swing is exceeded to the top or bottom.

So unless something really unusual happens both stats are true with the day's low set this morning and the 60 minute opening high exceeded. BUT as my one armed friend noted a 90% number means that on average once every two weeks it is wrong. My cats would tell you that one day is when you make too large a bet.

Shaishen wrote:................
I think it is this one https://www.youtube.com/watch?v=8eFEgb0I4Gc
90 min = bar 18

THANKS BOSS

Oil USO has been stealth creeping up since 11:15 ET this morn

Note the green stripes (resting orders) under the 60 minute OR high and low as well as yesterday's high.
Also that volume distribution isn't exactly gaussian making me think we could easily get back to the m,id and the VWAP (cyan and teal)

Update on Powell interview- possible release at 20:00 GMT

finally
https://www.marketplace.org/2018/07/12/ ... transcript

Spoiler alert- nothing there for the algos today.

some chances the rebound might be a lower high. just in case.

AMZN
ATH

MSFT
ATH

FB
ATH

Amazon is offering a 10 dollar credit towards Amazon day if you buy a $10 item at Whole Foods and enter your prime ID. Guarantee both of my daughters won't be able to resist. Predicting a new record for prime day and of course a new high for the stock.

hedge Funds pulling out of oil, now we know where the cash is going.

As trade wars escalate, China reduces soybean imports from the U.S. for the first time in 15 years.
FU trump
China will buy from South America instead
https://www.bloomberg.com//news/article ... e-since-04

also: "Mnuchin Says He’s Following Soybean Prices Daily"

HAPPY HOUR

WATCH LIST:
$SOYB
(eod)

also $BCOMBO
(updates intraday)

AVGO
Broadcom
-13.7% today
"lost nearly $16 billion in value..."