Back to www.cobrasmarketview.com

   

03/07/2019 Live Update

Re: 03/07/2019 Live Update

Postby Trades with cats » Thu Mar 07, 2019 12:56 pm

ES 06-19 (5 Minute) 2019_03_07 (9_52_04 AM).png

New ES contract on 5 minute bars to show what I was flapping my gums about on volume profile. Blue area is the classic 1 standard deviation value area. I know it is stupid to assume a Gaussian cure, but that is the way it is viewed by those who play this way.
Trades with cats
 
Posts: 7057
Joined: Sat Oct 11, 2014 4:40 pm

Re: 03/07/2019 Live Update

Postby BullBear52x » Thu Mar 07, 2019 12:59 pm

2x top here or breakout. very clear pivot here.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 19584
Joined: Tue Feb 22, 2011 3:47 pm

Re: 03/07/2019 Live Update

Postby Cobra » Thu Mar 07, 2019 1:01 pm


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: 42315
Joined: Sat Feb 12, 2011 10:29 pm

Re: 03/07/2019 Live Update

Postby BullBear52x » Thu Mar 07, 2019 1:04 pm

This is what a bear trap pattern should look like, or bearish for real. I favored bear trap pattern.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 19584
Joined: Tue Feb 22, 2011 3:47 pm

Re: 03/07/2019 Live Update

Postby Trades with cats » Thu Mar 07, 2019 1:06 pm

Twitter feed saying a proprietary dollar flow tool (mcm.ct.com) showed cash markets had largest outflow of the day on this bounce.
Trades with cats
 
Posts: 7057
Joined: Sat Oct 11, 2014 4:40 pm

Re: 03/07/2019 Live Update

Postby flrtrader » Thu Mar 07, 2019 1:35 pm

flrtrader
 
Posts: 459
Joined: Thu Aug 25, 2011 1:58 pm

Re: 03/07/2019 Live Update

Postby Al_Dente » Thu Mar 07, 2019 1:41 pm

Rob Hanna:
"3-day Pullbacks from 50-day High to 10-day Lows"
So I examined other times we saw such drops, and found some interesting results.
http://quantifiableedges.com/3-day-pull ... -day-lows/
User avatar
Al_Dente
 
Posts: 21596
Joined: Thu Jul 21, 2011 2:29 pm

Re: 03/07/2019 Live Update

Postby BullBear52x » Thu Mar 07, 2019 1:42 pm

Classic bear trap pattern, screaming buy
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 19584
Joined: Tue Feb 22, 2011 3:47 pm

Re: 03/07/2019 Live Update

Postby BullBear52x » Thu Mar 07, 2019 1:47 pm

68.2% resistance before shooting for HOD 67ish
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 19584
Joined: Tue Feb 22, 2011 3:47 pm

Re: 03/07/2019 Live Update

Postby BullBear52x » Thu Mar 07, 2019 2:07 pm

Chart for the road: see volume, too small and a pull back is less than 1% in price, it tells me that this is just a consolidation not a distribution. atm. Peace!
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 19584
Joined: Tue Feb 22, 2011 3:47 pm

Re: 03/07/2019 Live Update

Postby flrtrader » Thu Mar 07, 2019 2:18 pm

Trades with cats wrote:Twitter feed saying a proprietary dollar flow tool (mcm.ct.com) showed cash markets had largest outflow of the day on this bounce.



Here is the charts/chat room to monitor if you wish

Interesting

https://t.co/6dRFHRzFV3
flrtrader
 
Posts: 459
Joined: Thu Aug 25, 2011 1:58 pm

Re: 03/07/2019 Live Update

Postby flrtrader » Thu Mar 07, 2019 2:42 pm

Geez BB leaves and it dies in here....
flrtrader
 
Posts: 459
Joined: Thu Aug 25, 2011 1:58 pm

Re: 03/07/2019 Live Update

Postby Al_Dente » Thu Mar 07, 2019 3:28 pm

SMALLS, top panel
Megaphone tilted down, “Descending Broadening Wedge”
Both trendlines slope downward.
“Downward breakouts are quite rare”
“The breakout direction is upward 79% of the time.”
http://thepatternsite.com/dbw.html
60 min

UNABLE TO POST CHART :roll:
User avatar
Al_Dente
 
Posts: 21596
Joined: Thu Jul 21, 2011 2:29 pm

Re: 03/07/2019 Live Update

Postby Trades with cats » Thu Mar 07, 2019 3:35 pm

ES 06-19 (5 Minute) 2019_03_07 (12_25_31 PM).png


My feeble attempt at BullBear's view of the market, that is I added the Fibs and roughly the now failed up channel. The bounce made it to the overnight low at the 61.8 fib and then failed. Now we are back to the POC and there just isn't a lot of room between here and a very ugly close. US Fed speakers haven't helped as Lael droned on about how they are masters of the universe and are watching everything. Guess it is wrong to expect such people to actually tell the truth.

Of course the NoK's are now being accused of an underground nuke test, just to add to today's narrative.
Trades with cats
 
Posts: 7057
Joined: Sat Oct 11, 2014 4:40 pm

Re: 03/07/2019 Live Update

Postby Trades with cats » Thu Mar 07, 2019 3:40 pm

This is turning ugly.
Trades with cats
 
Posts: 7057
Joined: Sat Oct 11, 2014 4:40 pm

Re: 03/07/2019 Live Update

Postby brokebybernacke2 » Thu Mar 07, 2019 3:43 pm

Trades with cats wrote:This is turning ugly.


its always darkest..
brokebybernacke2
 
Posts: 1503
Joined: Wed Sep 21, 2011 10:10 am

Re: 03/07/2019 Live Update

Postby Cobra » Thu Mar 07, 2019 3:53 pm

testing range low, key time.
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: 42315
Joined: Sat Feb 12, 2011 10:29 pm

Re: 03/07/2019 Live Update

Postby Al_Dente » Thu Mar 07, 2019 4:01 pm

HAPPY HOUR
User avatar
Al_Dente
 
Posts: 21596
Joined: Thu Jul 21, 2011 2:29 pm

Re: 03/07/2019 Live Update

Postby Trades with cats » Thu Mar 07, 2019 4:03 pm

flrtrader,
Thanks for the link. I have been to that site once before. I am just not smart enough to get much from it.
Also, I am good at being snarky but I really think the site moderator needs to be straight up like Cobra. The straight man (not the comedian) who always keeps us focused.
Trades with cats
 
Posts: 7057
Joined: Sat Oct 11, 2014 4:40 pm

Re: 03/07/2019 Live Update

Postby Mr. BachNut » Thu Mar 07, 2019 4:05 pm

Took second scale on ES short.
Remainder in ES and RTY will run.
User avatar
Mr. BachNut
 
Posts: 2344
Joined: Thu Feb 24, 2011 2:28 pm

PreviousNext

Return to Traders Lounge

Who is online

Users browsing this forum: No registered users and 13 guests

cron