06/17/2011 Intraday Watering

[jyao]

Cobra, when do we switch from counting H1's to counting L2. Trend break? Elliott wave count? Are we counting L1 now? TIA.

Require some experiences. I don't think AI's way good for beginners.

For beginners, OR breakout is the best way to go, but I cannot tell you the secret, you cannot trade every OR breakout, once you grasp the real concept of OR breakout, you'll have above 80% chances.

For AI method, you have to feel the strength of the current swing, if it's strong, you must go with the trend, but if it feels weak especially the 2nd try, then you may think about reversal. A good way to begin with AI method is you trade only the trend day. What's the trend day? Simple, when you constantly think of (or more precisely afraid of) a reversal that day, it's a trend day!

Cobra, what OR and AI mean? sorry, i am not good at abbreviation.

[KENA]

Can sell in May and go away be the right call??
nice down turn on the e-mini s&p (@esu11)

I have an adder to your saying "Sell in may and go away--unless your a bear stay and play.

[uempel]

If SPX manages to stay above the 195 MA today this rebound has more legs.

[cougar]

This UP-move, on OpEx day, seems lame to me:
AAPL and GOOG are down.
Contrarian puts-buying on some biotechs which are up today, mimicking a reversal
For example: AGN (Allergan) shows a nice technical reversal....although not supported by money flow, while P/C vol. ratio = 2

[bbc]

Cobra, when do we switch from counting H1's to counting L2. Trend break? Elliott wave count? Are we counting L1 now? TIA.

Require some experiences. I don't think AI's way good for beginners.

For beginners, OR breakout is the best way to go, but I cannot tell you the secret, you cannot trade every OR breakout, once you grasp the real concept of OR breakout, you'll have above 80% chances.

For AI method, you have to feel the strength of the current swing, if it's strong, you must go with the trend, but if it feels weak especially the 2nd try, then you may think about reversal. A good way to begin with AI method is you trade only the trend day. What's the trend day? Simple, when you constantly think of (or more precisely afraid of) a reversal that day, it's a trend day!

Cobra, what OR and AI mean? sorry, i am not good at abbreviation.

AI - Brooks, Al - Reading Price Charts Bar by Bar
OR - open range.

[pidge66]

Cobra, when do we switch from counting H1's to counting L2. Trend break? Elliott wave count? Are we counting L1 now? TIA.

Require some experiences. I don't think AI's way good for beginners.

For beginners, OR breakout is the best way to go, but I cannot tell you the secret, you cannot trade every OR breakout, once you grasp the real concept of OR breakout, you'll have above 80% chances.

For AI method, you have to feel the strength of the current swing, if it's strong, you must go with the trend, but if it feels weak especially the 2nd try, then you may think about reversal. A good way to begin with AI method is you trade only the trend day. What's the trend day? Simple, when you constantly think of (or more precisely afraid of) a reversal that day, it's a trend day!

I'll study the OR setup this weekend. THanks!

BTW, SPY 127.60 may be of interest. May be a magnet. It's last week's close. Are we going to have 7 down weeks in a row!?

[Cobra]

Cobra, when do we switch from counting H1's to counting L2. Trend break? Elliott wave count? Are we counting L1 now? TIA.

Require some experiences. I don't think AI's way good for beginners.

For beginners, OR breakout is the best way to go, but I cannot tell you the secret, you cannot trade every OR breakout, once you grasp the real concept of OR breakout, you'll have above 80% chances.

For AI method, you have to feel the strength of the current swing, if it's strong, you must go with the trend, but if it feels weak especially the 2nd try, then you may think about reversal. A good way to begin with AI method is you trade only the trend day. What's the trend day? Simple, when you constantly think of (or more precisely afraid of) a reversal that day, it's a trend day!

Cobra, what OR and AI mean? sorry, i am not good at abbreviation.

go to Getting Start, you'll see everything there. actually what's in there are perhaps the most precious things to me, sadly not many people paid attention. Some experienced traders do know the value there.

[Thunder]

****************
TRADE ALERT
****************

Doubled exposure to IYR Sep 62 calls at 1.21

NICE CALL AGAIN CLETUS ...... !!!

[Cobra]

I'll study the OR setup this weekend. THanks!

BTW, SPY 127.60 may be of interest. May be a magnet. It's last week's close. Are we going to have 7 down weeks in a row!?

The book in Getting Start only tells you the concept of OR, but I really don't think he knows or wants to tell the OR secret, he may just want to sell his software, so beware.

[BBFinance]

Everyone who thinks we're in a bear market would do well to read this

http://tradersnarrative.wordpress.com/2 ... ging-bull/

Well, that is from June 1st (the chart as well), I wonder how it looks right now

Even if it flashes a signal, the top will not be in yet

There are many kinds of top, short term top, intermediate term top and long term top. Which one you are referring to?
The long term top is not in yet till Sept. Intermediate term, the top has been in at S&P 1370.

[cletus]

There are many kinds of top, short term top, intermediate term top and long term top. Which one you are referring to?
The long term top is not in yet till Sept. Intermediate term, the top has been in at S&P 1370.

Bull market top (long term)

[jyao]

Cobra, what OR and AI mean? sorry, i am not good at abbreviation.

AI - Brooks, Al - Reading Price Charts Bar by Bar
OR - open range.

Thanks bbc...

[cougar]

Murrey Math levels work today for IWM:

[jyao]

Cobra, what OR and AI mean? sorry, i am not good at abbreviation.

go to Getting Start, you'll see everything there. actually what's in there are perhaps the most precious things to me, sadly not many people paid attention. Some experienced traders do know the value there.

i did read those articles there, but still don't remember. i think i should make hard copy for them then it will help me better. Thanks Cobra.

[cletus]

Sorry guys about the exit on nat gas puts. I could made so much more money for this board by holding! But I failed to stick to the trading plan and only made 35% could have made much much more.

[alvian33]

cobra, is the market weak in your view today?

[BullBear52x]

Warning! max pain 129 is out the door, option bulls lost. spy trades below 127 today see you at 125ish (123.88 per my dream last night)

[BBFinance]

There are many kinds of top, short term top, intermediate term top and long term top. Which one you are referring to?
The long term top is not in yet till Sept. Intermediate term, the top has been in at S&P 1370.

Bull market top (long term)

That my friend , is going to come by Sept 2011, around 1410 s&P.

[KENA]

Warning! max pain 129 is out the door, option bulls lost. spy trades below 127 today see you at 125ish (123.88 per my dream last night)

I'm right behind you..Missed you when you were gong..I was about the only bear on here.

[cletus]

Cotton starting to move. 1=5 working so far so this could be a good long. I won't add to my position yet though.