Cobra's Market View

Dow 30. 5 leaders and 5 laggards.

Visa. "To the Moon, Alice." Not even touching the EMA 20.

filled at 60, let do it like NIKE

ES 5. Spike down to the EMA 20. Back later ...

Cash SPX Fib,Bears know the routine, no home run until 38.2% is taken out. for now big bull is sitting at 61.8%.

For intraday "Honey Hole Expedition" today is 4th time in the last couple weeks, a little harder today, not easy money today. well, still a very good planing for the trade, me thinks.

My stops is new HOD, good luck, Peace!

The pullback should be bought again (a little late while I'm typing) but since it broke the EMA20 a little bit so beware sometimes it means it's the last rebound before the uptrend ends.

SPY 5. Riding the EMA 20.

BullBear52x wrote:My stops is new HOD, good luck, Peace!

Looking at your chart (SPX with TRIN, RSI, etc.), I noticed that most of the selling comes on THE DAY AFTER your sell signal fires. Wouldn't it better to short towards the close (and hold overnight). In your case, would you just leave your short position on with stops in place?

Maybe because we had a small sample size. Best of luck.

SPY 15 min. P&F.

arzaccess wrote:

BullBear52x wrote:My stops is new HOD, good luck, Peace!

Looking at your chart (SPX with TRIN, RSI, etc.), I noticed that most of the selling comes on THE DAY AFTER your sell signal fires. Wouldn't it better to short towards the close (and hold overnight). In your case, would you just leave your short position on with stops in place?

Maybe because we had a small sample size. Best of luck.

It depends, the day you position your trade you are day trade, to position at the best place, ie: my entry is 3060, now I am taking in 5 handles on half of the lot. my stops on the other half lot is at 2065, I am playing with house's money atm. if it got taken out so be it. it is what it is, if not, for months on in I will not bother. (3065 stops GTC.)

BullBear52x wrote:

arzaccess wrote:

BullBear52x wrote:My stops is new HOD, good luck, Peace!

Looking at your chart (SPX with TRIN, RSI, etc.), I noticed that most of the selling comes on THE DAY AFTER your sell signal fires. Wouldn't it better to short towards the close (and hold overnight). In your case, would you just leave your short position on with stops in place?

Maybe because we had a small sample size. Best of luck.

It depends, the day you position your trade you are day trade, to position at the best place, ie: my entry is 3060, now I am taking in 5 handles on half of the lot. my stops on the other half lot is at 2065, I am playing with house's money atm. if it got taken out so be it. it is what it is, if not, for months on in I will not bother. (3065 stops GTC.)

Awesome. Thanks for explaining =)

ES 5. Crash. Boom. Bah.

SPY 15 min. P&F. Pulling back.

The Honey hole it is...... Peace!

Well, guess that's it for today. Here's what Friday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449397

Thank you guys, I'll see you in another thread soon.

Before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449397