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03/28/2012 Intraday Watering

Re: 03/28/2012 Intraday Watering

Postby Cobra » Wed Mar 28, 2012 10:03 am

nothing to say, again, normally should be 2 legged down.
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Re: 03/28/2012 Intraday Watering

Postby Petsamo » Wed Mar 28, 2012 10:03 am

Richarab wrote:I like NG - it cannot possibly go lower can it?

Someone probably said that at 50 - before it did a quadruple reverse split
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Re: 03/28/2012 Intraday Watering

Postby Cobra » Wed Mar 28, 2012 10:05 am

noob wrote:
Cobra wrote:the open. normally should go like this, it's 2 legged down, but again, NORMALLY.


I thought morning dip is a buy, not valid any more? Thanks.


It's different time frame. I'm saying 5 min chart should be 2 legged. the chart I showed last night was 15 min chart, on a higher time frame.

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Re: 03/28/2012 Intraday Watering

Postby Petsamo » Wed Mar 28, 2012 10:06 am

TZA is still cheap at $17.10, right?
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Re: 03/28/2012 Intraday Watering

Postby TWT » Wed Mar 28, 2012 10:07 am

SPX: The potential Zig Zag down can be considered completed

A move above 1413.65 will most likely the confirmation that the pull back is over

If bulls fail here next potential target is just a few point below today´s lod at the 0.382 retr.= 1406.84
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Re: 03/28/2012 Intraday Watering

Postby Al_Dente » Wed Mar 28, 2012 10:09 am

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Re: 03/28/2012 Intraday Watering

Postby uempel » Wed Mar 28, 2012 10:10 am

Overview:
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Re: 03/28/2012 Intraday Watering

Postby noob » Wed Mar 28, 2012 10:12 am

Cobra wrote:
noob wrote:
Cobra wrote:the open. normally should go like this, it's 2 legged down, but again, NORMALLY.


I thought morning dip is a buy, not valid any more? Thanks.


It's different time frame. I'm saying 5 min chart should be 2 legged. the chart I showed last night was 15 min chart, on a higher time frame.


Right, so if this goes down it's a buyable dip still?
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Re: 03/28/2012 Intraday Watering

Postby bbc » Wed Mar 28, 2012 10:14 am

Richarab wrote:how about natural gas?
gold?
thoughts?
I like NG - it cannot possibly go lower can it?


it's funny, there have been many prices levels at which many ppl asked the same question.

fundamental is week, I only day trade NG futures.

temperature has been low this week, and still NG made new low, LOL, I am not surprised.
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Re: 03/28/2012 Intraday Watering

Postby Petsamo » Wed Mar 28, 2012 10:14 am

Da banks wanna rally
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Re: 03/28/2012 Intraday Watering

Postby Cobra » Wed Mar 28, 2012 10:15 am

noob wrote:
Cobra wrote:
noob wrote:
Cobra wrote:the open. normally should go like this, it's 2 legged down, but again, NORMALLY.


I thought morning dip is a buy, not valid any more? Thanks.


It's different time frame. I'm saying 5 min chart should be 2 legged. the chart I showed last night was 15 min chart, on a higher time frame.


Right, so if this goes down it's a buyable dip still?


yes. And in reality trading, you shouldn't hope you could catch exactly the low, so you have to have some strategy on when to buy dip.

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Re: 03/28/2012 Intraday Watering

Postby tomsky » Wed Mar 28, 2012 10:18 am

EURUSD just posted a lower low and AUDJPY is also testing support. It isn't over yet, maybe another half an hour. Maybe.
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Re: 03/28/2012 Intraday Watering

Postby Jose » Wed Mar 28, 2012 10:19 am

AAPL - I like this short trade here - this is a 5 min chart

Will be STOPPED on a 5 min candle above that line so not much risk

EDIT: EMA 50 is the objective.

5minAAPL.jpg
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Re: 03/28/2012 Intraday Watering

Postby Petsamo » Wed Mar 28, 2012 10:21 am

JOY busted a 3.5 month low
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Re: 03/28/2012 Intraday Watering

Postby noob » Wed Mar 28, 2012 10:26 am

Cobra wrote:
noob wrote:
Cobra wrote:
noob wrote:
Cobra wrote:the open. normally should go like this, it's 2 legged down, but again, NORMALLY.


I thought morning dip is a buy, not valid any more? Thanks.


It's different time frame. I'm saying 5 min chart should be 2 legged. the chart I showed last night was 15 min chart, on a higher time frame.


Right, so if this goes down it's a buyable dip still?


yes. And in reality trading, you shouldn't hope you could catch exactly the low, so you have to have some strategy on when to buy dip.


Thanks, agreed. I see triangle forming on ES, let's see which side first.
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Re: 03/28/2012 Intraday Watering

Postby KeiZai » Wed Mar 28, 2012 10:27 am

tomsky wrote:EURUSD just posted a lower low and AUDJPY is also testing support. It isn't over yet, maybe another half an hour. Maybe.


Yes japanese yen is the key to watch!
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Re: 03/28/2012 Intraday Watering

Postby stucap » Wed Mar 28, 2012 10:37 am

Bounce likely here --- but, hopefully a scalp only. Comon' bears -- you really can sell after 10:30 -- yes we can!!
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Re: 03/28/2012 Intraday Watering

Postby champix » Wed Mar 28, 2012 10:38 am

champix wrote:GM,
Crude is tanking... if 105.40 do not hold, I am watching 104.90 then 104 today.
Good luck


104.90 reached ! Let's see if we can see 104... :twisted: :twisted:
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Re: 03/28/2012 Intraday Watering

Postby Kato » Wed Mar 28, 2012 10:41 am

At gap support. It's a big if but if the bears can close Monday's gap it would qualify as an exhaustion gap. We could see some strong selling - emphasis "could"

Screen shot 2012-03-28 at 10.38.29 AM.png
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Re: 03/28/2012 Intraday Watering

Postby Jose » Wed Mar 28, 2012 10:43 am

Ok we did it a winning short trade on AAPL :D

Those resistant fellas are still in an will only get out of the tarde if RSI breaks that trendline.

5minAAPL.jpg
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