06/12/2013 Live Update

[Al_Dente]

Of the Big 20 Mega-Caps
Only two are green at the moment......

[MrMiyagi]

!!!!!!!! POWER HOUR !!!!!!!!

[surrogate]

Can someone tell me what a p bar is?

[Al_Dente]

Can someone tell me what a p bar is?

You’ll have to ask the King of the P-Bars: Mr.Miyagi-san
(I only know internals, and pasta, and tacos)

[Out of Bounds]

NY ADV down to 592

[user13]

Wow TLT is down 1.3%

[uempel]

Time signal on SPX 60 min points to next Friday, June 14th

[TraderGirl]

a nice development....

[Out of Bounds]

NY ADV down to 592

570

[MrMiyagi]

Can someone tell me what a p bar is?

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.

[Cobra]

double top target met. I'm neutral here.

[MrMiyagi]

Intraday NYMO hit -98, NYDEC +2500.

[jarbo456]

very, very slow dump down...doesn't seem like a bear attack, but doesn't seem to be letting up either.

[TraderGirl]

transports coming down to that gap...

[MrMiyagi]

[TraderGirl]

p-bars don't always get exact hits...sometimes under sometimes over...

[user13]

Can someone tell me what a p bar is?

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.

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

[surrogate]

Can someone tell me what a p bar is?

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.

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?

[ALdaytrade]

p-bars don't always get exact hits...sometimes under sometimes over...

So to get to your target, Trader Girl, is it the same pattern as yesterday, open gap up then sell off remainder of the day?

Thank you.

[ALdaytrade]

Time signal on SPX 60 min points to next Friday, June 14th

Signal.png

Nice to see, that is this Friday, do we have an am or pm? Nice chart. Thank you.