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12/02/2011 Intraday Watering

12/02/2011 Intraday Watering

Postby Cobra » Fri Dec 02, 2011 10:14 am

Gap up above yesterday's high so chances are the gap won't be filled. I'm not sure because as discussed in the last night report, NFP day tends to open high go lower or open low go higher, whether the same pattern plays out again, we'll have to wait and see.

Global ES is testing the previous high, not much to say for now.
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Re: 12/02/2011 Intraday Watering

Postby noob » Fri Dec 02, 2011 10:17 am

Morning Cobra, server crashed briefly 5 mins ago.
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Re: 12/02/2011 Intraday Watering

Postby gabor » Fri Dec 02, 2011 10:17 am

NFP data is not good.
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Re: 12/02/2011 Intraday Watering

Postby Cobra » Fri Dec 02, 2011 10:17 am

noob wrote:Morning Cobra, server crashed briefly 5 mins ago.


No, it's database error. I couldn't post anything, so I restarted the http and mysql service then it crashed the table, then I fixed that.

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Re: 12/02/2011 Intraday Watering

Postby Al_Dente » Fri Dec 02, 2011 10:19 am

Good morn:
unable to login utill a few minutes ago

“Google Eyes Shipping Network to Compete with Amazon Prime”
http://www.auctionbytes.com/cab/abn/y11/m12/i02/s01

http://www.nytimes.com/2011/12/02/techn ... &emc=tha26
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Re: 12/02/2011 Intraday Watering

Postby proteus46 » Fri Dec 02, 2011 10:20 am

SPY reached the 200 day moving average in pre-market trading and then pulled back.

SPY SPDR Trust Series I

Dec. 1, 2011 Market Close: $ 124.97

Pre-Market Quote and Chart

Pre-Market
Last: $ 126.22 Pre-Market High: $ 126.83

Volume: 9,761,236 Pre-Market Low: $ 125.0633
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SPY 12-2-2011.png
SPY DAILY CHART
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Re: 12/02/2011 Intraday Watering

Postby gabor » Fri Dec 02, 2011 10:20 am

I think the market expected better NFP.
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Re: 12/02/2011 Intraday Watering

Postby Al_Dente » Fri Dec 02, 2011 10:21 am

yo cougar
wtf PALL ?
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Re: 12/02/2011 Intraday Watering

Postby ClarkW » Fri Dec 02, 2011 10:23 am

$DAX has negative divergence with MACD on the 60 min. with Full STO crossing below 80
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Re: 12/02/2011 Intraday Watering

Postby cougar » Fri Dec 02, 2011 10:24 am

GM!
Paging “neubie 77” and Al. Good decoding job! I am impressed…
Here are the main 2 charts which were used for acquiring those time spread positions. These charts now cover the whole day, in retrospect, and contain some annotations.

As you probably guessed, I used UPRO as a “proxy” for SPY because being an “ultra ETF” it amplifies the index moves, and also because I noticed that it has an excellent “bot-connectivity” to both futures and cash value. It also partially reflects the desirability of the moves and often precedes by 1-2 sec the moves of SPY…LOL!

On the other hand, SPY Fast Renko keeps me aware of some essential levels which one should never forget.
One more thing: I preferred a put spread to a call spread because I have already a substantial up bias…On top of that I count on a small gambling time factor: playing on the dates Dec 8-9 (Merkozy) and Dec 13 (Fed).

GL with your trades!
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RENKOgif.GIF
Last edited by cougar on Fri Dec 02, 2011 10:29 am, edited 1 time in total.
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Re: 12/02/2011 Intraday Watering

Postby Mongoose » Fri Dec 02, 2011 10:27 am

If you are a rock star or a bank, I guess it must be true:

http://www.youtube.com/watch?v=aNaKWXqXkhw

Rock on Berlusconi and Mario!

Good luck trading today and have a great weekend.
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Re: 12/02/2011 Intraday Watering

Postby cougar » Fri Dec 02, 2011 10:27 am

deleted by me: twice the same thing
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Re: 12/02/2011 Intraday Watering

Postby Cobra » Fri Dec 02, 2011 10:31 am

the open.
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Re: 12/02/2011 Intraday Watering

Postby jaijailyc » Fri Dec 02, 2011 10:38 am

kind of sad that cnbc million dollar portfolio is coming to an end today. 500ish people between me and my million dollars.
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Re: 12/02/2011 Intraday Watering

Postby newbie_77 » Fri Dec 02, 2011 10:38 am

good morning master cobra, cougar, bullbear, umpel, al_dente and everyone :D,

btw where is 99er? missed his/her charts .... :P
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Re: 12/02/2011 Intraday Watering

Postby Cobra » Fri Dec 02, 2011 10:42 am

new google analytics is very interesting, guys see where you all. Those are the most active spot on our site now. :lol:
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Re: 12/02/2011 Intraday Watering

Postby uempel » Fri Dec 02, 2011 10:45 am

Resistance just overhead at about 1257, MAs 200 and 191 are a bit higher up at plus 60ish.
SPX2.png
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Re: 12/02/2011 Intraday Watering

Postby Al_Dente » Fri Dec 02, 2011 10:46 am

cougar wrote:Here are the main 2 charts which were used for acquiring those time spread positions. These charts now cover the whole day, in retrospect, and contain some annotations. As you probably guessed, I used UPRO as a “proxy” for SPY because being an “ultra ETF” it amplifies the index moves, and also because I noticed that it has an excellent “bot-connectivity” to both futures and cash value. It also partially reflects the desirability of the moves and often precedes by 1-2 sec the moves of SPY…LOL! On the other hand, SPY Fast Renko keeps me aware of some essential levels which one should never forget.
One more thing: I preferred a put spread to a call spread because I have already a substantial up bias…On top of that I count on a small gambling time factor: playing on the dates Dec 8-9 (Merkozy) and Dec 13 (Fed). GL with your trades!

COUGAR………..i’m hooked..(it’s been a while) …but have 2 study yr charts later…
[last night’s random notes] So….…if u open both legs same day, the spread is considered covered (u could pay cash) with no margin interest, right?
If u sell-to-open the short leg first on one day (then long leg on a later date), it’s naked, and you can only accomplish that in a margin account approved for nakeds Level 3 (or whatever it’s called now), and they start charging u margin interest, no?
So, do you try to avoid naked by opening both legs same day, or if different days, open the long first?
Do u construct it so the short leg always/usually expires first, so never/rarely leaving u naked?
Or, are u perfectly comfortable naked in roller-coaster market (aka really big bowls)?
Finally, do you use the short leg ONLY to offset/reduce cost of long leg?

cougie: two stringer (parental advisory)
http://www.youtube.com/watch?v=DFRM8pQG ... re=related
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Re: 12/02/2011 Intraday Watering

Postby Dow Trader » Fri Dec 02, 2011 10:47 am

Cobra wrote:new google analytics is very interesting, guys see where you all. Those are the most active spot on our site now. :lol:


I don't see a spot on my location. Does that mean I am invesible to google !!! :lol:
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Re: 12/02/2011 Intraday Watering

Postby alvian33 » Fri Dec 02, 2011 10:48 am

uempel, how do you draw all those charts, where do you take all those circles from? no offense but I my opinion they are very confusing, and not sure if much reliable.
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