06/12/2013 Live Update

[TraderGirl]

FAS failed breakout above May 2010 high...now looks like it wants to test low from last week...

[TWT]

$SPX: The low of the day should be in

[Cobra]

double bottom text book target.

[Cobra]

biggest bar plus volume surge, so might see pullback here but this rebound shall at least have small legs.

[Al_Dente]

If this monthly indicator (Coppock) breaks out of the channel he market is up for a real correction. But note that this is a monthly indicator, if it manages to not dip any further in June all is fine

Coppock.png

HEY WELCOME BACK BOSS
Did you and the Lady Uempel have a nice time?

[TraderGirl]

I've had this dotted line on my SPY chart all week....messaged another member over the weekend that we could be down all week, and another that if we get down to Miyagi's p-bar this week may be a good place for a bounce...

So far we got very close...but no capitulating move yet??

[MrMiyagi]

I've had this dotted line on my SPY chart all week....messaged another member over the weekend that we could be down all week, and another that if we get down to Miyagi's p-bar this week may be a good place for a bounce...

That pBar sits down at 161.37$.

[Cobra]

pullback indeed. now biggest red bar plus volume surge and double bottom neckline, so might see rebound here first.

[Al_Dente]

Another question nobody asked: Can you just give me TWO best internals, without the honey badgers?
Answer: Here they are, they should confirm each other, either up or down; if not, something is wrong.
[U can substitute NYAD for the solid green and NYUD for the dashed green. The configuation on this chart just gives me clearer signals (above or below 20ma)…….personal preference]
Top panel is SSO not spy, 5 minutes

[TWT]

$DAX: I am working with a TZZ wave (B)

[TraderGirl]

I've had this dotted line on my SPY chart all week....messaged another member over the weekend that we could be down all week, and another that if we get down to Miyagi's p-bar this week may be a good place for a bounce...

That pBar sits down at 161.37$.

Thanks for your p-bars Miyagi

[Al_Dente]

UEMPEL
Ok boss, it’s lunchtime
U want a taco?

tacos.png (348.66 KiB) Viewed 4171 times

[TraderGirl]

UEMPEL
Ok boss, it’s lunchtime
U want a taco?

tacos.png

[MrMiyagi]

Thanks for your p-bars Miyagi

You're welcome, we're all a team here right?

[TraderGirl]

Thanks for your p-bars Miyagi

You're welcome, we're all a team here right?

[uempel]

Trading E Minis:

I received a note from my broker today that as from 1 July CME is going to charge $70 per month for live data.

Mark you, for live bid/ask data on the trading mask not for any fancy charts.

Did you guys get the same information? I think it's kind of crazy, CME get's a nice percentage of the brokerage fees and now they want an additional fee for live data on the trading mask....

[TraderGirl]

Anyone have a good connection with a patent attorney in the Silicon Valley area in Calif who could give me a discount?

Meeting with a patent attorney today but he's expensive...

[fxaprendiz]

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.
..........

..........
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...

[Al_Dente]

I am not going to fan out my down-trend channel line one more time
I’m just not going to do it
Purple horizontal line is yesterdays low…….appears to b formidable resistance…for now…

[TWT]

$EURUSD: One more up leg for the ED idea ?