06/12/2013 Live Update

[MrMiyagi]

Mr Miyagi, do you ever take trades based on them or do you just use them as a reference?

NO NEVER!!! I will sell based on them though as they do often stop a price move.
Base your buying decisions on real analysis provided here, pBars just as a "good to know" backup confirmation.

How can I see a p bar on my chart? Are they actual executed trades, or just a bid/ask flash of a large amount of shares?

These pBars come off of TD Waterhouse in Canada. Occasionally you will see them on other brokers' platforms.

[Out of Bounds]

Anyone else thinking of a gap down in the morning? I am Contemplating holding shorts overnight.

[tomsky]

Hi there,
I'm new to this forum. A quick info... I have been trading Forex for a some years on and off, just starting to get profitable. And now I'm starting to trade the SPX500 as well. My trades are more on the medium-long term range, and so are my charts, but I thought of starting writing here since it's the busiest thread. But later posts may be placed in the "investors" thread if you think is best.

Ok, here's the latest chart I'm working on the medium term. I'm expecting Price Action to bounce from today's low up to the small violet rectangle just below 1670. If the upmove stalls there and SPX rollovers then we'll have a bearish Gartley that should help to resume the downtrend.
The probable date for the rollover is Wed June 19 but it may happen as soon as next Monday.
..........

spx 06.12.2013.JPG

..........
Long term I happen to think the high of May 22nd is a multi-year top and I'm bearish until at least the end of 2014, but more probable until the end of 2016.

Incidentally, I'm from Mexico and love tacos and Mayan virgins...

I like what i see You'll find that indexes are influenced also by planets (i'm saying also because i presume you use the astro for forex trading but i'm not experienced with currencies and turn dates).
I'm watching a longer term chart (weekly) and don't post very often but maybe you can fill the gap.

PS. Welcome!

[user13]

We're a week away from FOMC so that should be kept in mind.

[Cobra]

members only update at 3:37 pm
http://www.cobrasmarketview.com/2013/06 ... ay-update/

[surrogate]

Mr Miyagi, do you ever take trades based on them or do you just use them as a reference?

NO NEVER!!! I will sell based on them though as they do often stop a price move.
Base your buying decisions on real analysis provided here, pBars just as a "good to know" backup confirmation.

How can I see a p bar on my chart? Are they actual executed trades, or just a bid/ask flash of a large amount of shares?

These pBars come off of TD Waterhouse in Canada. Occasionally you will see them on other brokers' platforms.

Thank you Mr. Miyagi

[Al_Dente]

Interesting that the Miyagi P-bar, dashed orange line, at 161.37, is almost exactly at 50% fib-retrace. There are no coincidences [?]
Plus, top panel Vortex-5 (honey badger) says we may be near a bottom of some kind….

[tomsky]

Anyone else thinking of a gap down in the morning? I am Contemplating holding shorts overnight.

Don't think will have a gap down, we're near the bottom of the down channel started Monday, should provide a temporarly support, i'm looking at least for a short term bounce tomorrow morning. If we close at or near the LOD i'll close my shorts.

[ALdaytrade]

Anyone else thinking of a gap down in the morning? I am Contemplating holding shorts overnight.

Don't think will have a gap down, we're near the bottom of the down channel started Monday, should provide a temporarly support, i'm looking at least for a short term bounce tomorrow morning. If we close at or near the LOD i'll close my shorts.

Aren't we a bit far away from the 5 sma for a gap down? I was thinking same pattern as today for tomorrow.

[ALdaytrade]

Anyone else thinking of a gap down in the morning? I am Contemplating holding shorts overnight.

Don't think will have a gap down, we're near the bottom of the down channel started Monday, should provide a temporarly support, i'm looking at least for a short term bounce tomorrow morning. If we close at or near the LOD i'll close my shorts.

Aren't we a bit far away from the 5 sma for a gap down? I was thinking same pattern as today for tomorrow.

5 sma is 1629, normally $SPX likes to get back to 5 sma once a day, so it might start up there tomorrow. Does this look reasonalbe? Maybe this is my "hoping and praying" because I always exit the trend to soon and start the other direction before it is time. I have to stop doing that!

[Cobra]

trend line resistance.

[MrMiyagi]

NYMO should end at -95 range, NYDEC around +2500. These are very big/extreme numbers that could very well lead to a big bounce.
They can also keep getting bigger...

If SPY drops in the morning, it could very well hit the pBar and drop NYMO well past -110 for a bounce setup for the resto of the day.

[ALdaytrade]

P BAR, 163.14
Is that correct?

[MrMiyagi]

[Cobra]

Well guess that's it for today. need dig a little before calling tomorrow. members should know the bottom line now. thank you guys, I'll see you tomorrow.

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

[Out of Bounds]

Ah. You guy are right. I'll close them.

[Nrsimha]

We're a week away from FOMC so that should be kept in mind.

It may come as news to some, but the Fed really has no idea what it is doing

http://www.zerohedge.com/news/2013-06-1 ... ed-what-do


BTW, didn't Myagi's low p-bar get hit already?

[seemore]

P BAR, 163.14
Is that correct?

Here is what I show from after-hours on nasdaq.com:

6/6/2013
time $price # shares $ value (not rounded like price)
4:04 $161.34 300,000 $48,402,360.00
4:05 $161.37 500,870 $80,823,037.81
4:11 $161.37 501,538 $80,930,879.99

[Cobra]

I just bought a very powerful PC to do optimizations for all my trading models (members will have signals from those models). my current i7 machine (2 years old) runs hours for optimizing just a few parameters, so cannot do it anymore.

People familiar with game PC should be able to see the PC is a powerful Alienware.



Sent from my Nexus 4 using Tapatalk 2

[fxaprendiz]

I like what i see You'll find that indexes are influenced also by planets (i'm saying also because i presume you use the astro for forex trading but i'm not experienced with currencies and turn dates).
I'm watching a longer term chart (weekly) and don't post very often but maybe you can fill the gap.

PS. Welcome!

Thanks for the welcome, tomsky and aldente!

Actually it's been only a couple weeks that I added astro data to my toolbox. I work mostly with Fibonacci ratios, Harmonic EW and simple trendlines/support/resistance. But I think astro can help me pinpoint turn dates.

I think I'm going to start posting my later charts on the "investor lounge" thread as most of them are long term and that way they won't get lost on this fast-paced thread.
Maybe I'll update them like once or twice a month as they are very slow-moving. For now I can tell the ones I'm working on show me the possibility of a wide range of roughly 1660-1550 for the whole Summer, and then SPX may start a more serious decline around the middle of September. I'll publish them in this forum once I have better defined targets...