06/25/2013 Live Update

[thanos]

minor resistance in Russl here 9575, upto 9595, complete lack of volume is a questionmark?

I guess 50ma is the next stop for the RUT?

13 week ma nearirng us too

I guess time will tell. Looks like 1594 resistance held so far.

[Cobra]

well, guess that's it for today. Tuesday indeed has lived its reputation by being bull friendly but Wednesday tomorrow is for bears recently, let's see. thank you guys, I'll see you tomorrow.

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

[joeynickels]

Hark! Do I spy a Miyagi bar to 160.10?

I think everyone sees that p-bar...not so special if others have it...

Indeed

[joeynickels]

Hark! Do I spy a Miyagi bar to 160.10?

I think everyone sees that p-bar...not so special if others have it...

The Miyagi bar can only be seen by Miyagi

[TraderGirl]

Hark! Do I spy a Miyagi bar to 160.10?

I think everyone sees that p-bar...not so special if others have it...

The Miyagi bar can only be seen by Miyagi

Yes, his are special..

[thanos]

what is a pbar?

[TraderGirl]

what is a pbar?

These...

viewtopic.php?f=2&t=968&start=100#p134912

[joeynickels]

Perfect close. Stops can be run on the open both above and below.

[thanos]

what is a pbar?

These...

viewtopic.php?f=2&t=968&start=100#p134912

Thanks so they are data errors? Or do you believe they are some type of signal to the large institutions showing their intentions to move the market in that direction.

[MrMiyagi]

I think everyone sees that p-bar...not so special if others have it...

The fact that it can be seen on most everyone's broker's platform makes it all the more powerful.

At least that is MY theory!!

[MrMiyagi]

We see these come up mainly on SPY IWM QQQ and DIA as well as some stocks like AAPL IBM and others.
Although we don't know the exact source, we have debated this a million times before, commonly we believe they are the HFT trading machines slipping up and "showing"their hand, so to speak.
Usually these price tags get hit within 10 days and the stock or ETF's price will then rest or turn around from the targets they point to.
Don't use any of these pbars as analysis!! They are somewhat predicative but have zero timeline; they can happen the same day, next day or never. I'd say they are about 70% accurate, as in they get hit that often.

[thanos]

Perfect close. Stops can be run on the open both above and below.

i guess its the game they play with us small penny pinchers! still learning the game and trying to find a direction. Cobras does a great job as do a few others. anyone know of any 'free' sites or blogs. They all want money in the end. i found swingtrader.tumblr.com and stockporn.blogspot.ca and the-lazy-trader.com all provide cool insight in the market although Cobras is still the best.

[TraderGirl]

I think everyone sees that p-bar...not so special if others have it...

The fact that it can be seen on most everyone's broker's platform makes it all the more powerful.

At least that is MY theory!!

I've noticed that it's not always reliable if I have them on my system...sometimes they get filled sometimes not...yours seem to be much more reliable...

Not saying the ones noted here won't get filled in the next day or two...

[thanos]

We see these come up mainly on SPY IWM QQQ and DIA as well as some stocks like AAPL IBM and others.
Although we don't know the exact source, we have debated this a million times before, commonly we believe they are the HFT trading machines slipping up and "showing"their hand, so to speak.
Usually these price tags get hit within 10 days and the stock or ETF's price will then rest or turn around from the targets they point to.
Don't use any of these pbars as analysis!! They are somewhat predicative but have zero timeline; they can happen the same day, next day or never. I'd say they are about 70% accurate, as in they get hit that often.

I won't be surprised at all if its a HFT signal of some sort. If it makes money then its worth the effort. Its nice to see HFT collaborating! LOL

[C520]

Perfect close. Stops can be run on the open both above and below.

i guess its the game they play with us small penny pinchers! still learning the game and trying to find a direction. Cobras does a great job as do a few others. anyone know of any 'free' sites or blogs. They all want money in the end. i found swingtrader.tumblr.com and stockporn.blogspot.ca and the-lazy-trader.com all provide cool insight in the market although Cobras is still the best.

You get what you pay for....

Most pay for themselves with a successful trade. Just gotta pull the trigger.

[thanos]

Perfect close. Stops can be run on the open both above and below.

i guess its the game they play with us small penny pinchers! still learning the game and trying to find a direction. Cobras does a great job as do a few others. anyone know of any 'free' sites or blogs. They all want money in the end. i found swingtrader.tumblr.com and stockporn.blogspot.ca and the-lazy-trader.com all provide cool insight in the market although Cobras is still the best.

You get what you pay for....

Most pay for themselves with a successful trade. Just gotta pull the trigger.

Not sure if i agree with you on that. I'm not talking about finding a site that pumps out stock picks and follow blindly. I'm talking about education. I find very few provide little if any education or insight into their trading systems. Cobra does a great job in explaining things and what possible scenarios are and his rates are supper cheap in comparison. I found a few gems that really are free. the-lazy-trader.com is a spread trader and forex. swingtrader.tumblr.com uses a weird scanning system to look for demand and supply cycles and stockporn.blogspot.ca if probably the one with the most personality and insight into trading with volume and price.

Good luck and good trading whatever people use!

[FlowerGirl]

pBar Reading:
Wrap up:
Did price hit the proposed target? is debatable. So is the origin of the last up pBar.
Here is another twist to this up pBar. This pBar actually can be a signal to change the direction (This is 1 min bar chart, notice how price changed the direction after appearance of this bar). If so , expect slightly higher low than $157.07 ( you need to place the white box below the up pBar). Sorry these drawings are for illustrative purposes only (thus lack precision).

With this I conclude the pBar reading exercise.
Take home message:
pBars signify more than just a price target.
With some effort and some luck you can decode these.

[jademann]

Flower girl is that Vivien Leigh? she was beauty. What was the movie called?
She must be O'hara right?

http://pictify.com/234235/vivien-leigh- ... lett-ohara