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10/10/2011 Intraday Watering

Re: 10/10/2011 Intraday Watering

Postby Cobra » Mon Oct 10, 2011 3:53 pm

rhight wrote:Here is one for Cobra.

Considering the Trading Markets TPS strategy:
1 day above RSI(2) = 75
2 nd day above RSI(2) = 75 then buy 10%
3 rd day etc. etc
10, 20, 30, 40%
Then sell when RSI(2) < 30.

OK, so what happens when there is an intervening close below RSI(2) = 75 (as just happend)
Would today's close count as the 20% entry day?


I don't know this setup.

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Re: 10/10/2011 Intraday Watering

Postby Cobra » Mon Oct 10, 2011 3:55 pm

wow, very strong close. another very very good news tonight?
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Re: 10/10/2011 Intraday Watering

Postby rhight » Mon Oct 10, 2011 3:55 pm

I thought I saw you refer to it a couple times. It's out of their "High Probability ETF Trading" book.
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Re: 10/10/2011 Intraday Watering

Postby Mr. T » Mon Oct 10, 2011 3:55 pm

Any ideas what happens when bonds are open again?

Seems like an easy victory for bulls today with them out of the picture
-T

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Re: 10/10/2011 Intraday Watering

Postby ddd » Mon Oct 10, 2011 3:56 pm

Cobra wrote:nothing to say, 10 min to go, I said low was in. let's see how market closes today, should be pretty much guarantee another higher high tomorrow.



High high, you have go it! posting.php?mode=quote&f=2&p=31959#
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Re: 10/10/2011 Intraday Watering

Postby soku » Mon Oct 10, 2011 3:56 pm

1.1b on buy side. we will close into new high. trying to persuade the chinese?
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Re: 10/10/2011 Intraday Watering

Postby HappyFriday » Mon Oct 10, 2011 3:57 pm

:roll: :lol: It is the time to put some more money to work
Higher high !
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Re: 10/10/2011 Intraday Watering

Postby Petsamo » Mon Oct 10, 2011 3:58 pm

Finishing at the highs gives a 60% probability of a gap down, but I'm staying all long. Bears must be feeling the pain right now.
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Re: 10/10/2011 Intraday Watering

Postby Dow Trader » Mon Oct 10, 2011 3:58 pm

closed all my ES day trade longs ... and still holding the YM shorts oernight 8-)
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Re: 10/10/2011 Intraday Watering

Postby Cobra » Mon Oct 10, 2011 3:58 pm

rhight wrote:I thought I saw you refer to it a couple times. It's out of their "High Probability ETF Trading" book.


I don't remember I saw the setup.

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Re: 10/10/2011 Intraday Watering

Postby ddd » Mon Oct 10, 2011 3:59 pm

"The boys are buying them, and the girls too."
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Re: 10/10/2011 Intraday Watering

Postby Cobra » Mon Oct 10, 2011 3:59 pm

well, guess that's it for today. this bull is unstoppable. thank you ladies and guys, I'll see you tomorrow.
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Re: 10/10/2011 Intraday Watering

Postby waverider » Mon Oct 10, 2011 4:00 pm

rhight wrote:
uempel wrote:P&F shows that 1190 is a wall:


That said, TRIN is spooky bullish today.


The Daily $TICK is near the upper end of it's channel, not bullish.
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Re: 10/10/2011 Intraday Watering

Postby ddd » Mon Oct 10, 2011 4:00 pm

Closed at the resistance ES = 1190.

Squeeze likely tomorrow.
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Re: 10/10/2011 Intraday Watering

Postby Mr. BachNut » Mon Oct 10, 2011 4:01 pm

Ouch!
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Re: 10/10/2011 Intraday Watering

Postby heavenskrow » Mon Oct 10, 2011 4:02 pm

LOL!!!
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Re: 10/10/2011 Intraday Watering

Postby waverider » Mon Oct 10, 2011 4:03 pm

Although the close looked very bullish, haha. Short term perhaps?
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Re: 10/10/2011 Intraday Watering

Postby seekingknowledge » Mon Oct 10, 2011 4:04 pm

Al_Dente wrote:PAGING GUAKAM:
“Just Buy The F***ing Dip .. it's from ZeroHedge animation video, where frustrated bears would describe the bulls mentality. When QE2 was going on, every dip was immediately bought …..”
Thanks 4 jbtfd ……and thanks for spelling it cryptically… I just tell the kids it means “fuggettaboutit.” They run around house yelling fuggettaboutit, fuggettaboutit, dog all barky barky chasin em…
(PS: that seekingknowledge make us work too hard, like that ol’ michelle)

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Re: 10/10/2011 Intraday Watering

Postby RealMoneyIssues » Mon Oct 10, 2011 4:05 pm

waverider wrote:Although the close looked very bullish, haha. Short term perhaps?

Hope so... in shorts over night, didn't see the end of day rally coming... :o
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Re: 10/10/2011 Intraday Watering

Postby cougar » Mon Oct 10, 2011 4:09 pm

cougar wrote:SPY seems to have gone high enough for now…
But a third round of shorts covering could take it in the 120 zone, which should be a critical resistance.
If we go above 120... 121.22 should be the top for this well engineered “rally”.

=================
This is in "swing-range" and not for day trading.



"...a third round of shorts covering..." seems to be hear. Hope that not many of us contribute to its so-called "success".
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