06/24/2011 Intraday Watering

[guelder_rose]

Look where 60 min ChiOsc is now...

Post pls！

[Cobra]

Look where 60 min ChiOsc is now...

Post pls！

[99er]

Good Morning.

So honey, do you think Italy will be fun this summer?
EURUSD http://99ercharts.blogspot.com/2011/06/eurusd_24.html
I wouldn't bank on it.

[BullBear52x]

GM,
From my read Bears fear not. this bounce will be sold. well, short term momentum is strong but the level of resistances are so great, just take a look at the BB, this time mid BB will be very important for the Bulls to move forward, on top of that we have Fib fan and FIb retracements resistance to name a few. it could just well be a gap filled be fore a continue trade down, daily vix is still stay above 200 dma.

I never think TA on vix is a good idea, VIX itself is calculated based on IVs of a chain of SPX options.
Traders won't refer to VIX MA to be more aggressive or less on SPX options.

so does DX, I think trade DX on TA is not a good idea. I'd rather refer to TA on EUR, as it has over 1/3 weighting.

I am not using VIX to trade market up/down, I just look at it as fear gauge, if the momentum on VIX (VND, VXN) were high market tends to be shaky that inturn more likely that people will dump their shares easily because the level of uncertainty.

[99er]

ES
Update.
http://99ercharts.blogspot.com/2011/06/es_24.html

[bbc]

GM,
From my read Bears fear not. this bounce will be sold. well, short term momentum is strong but the level of resistances are so great, just take a look at the BB, this time mid BB will be very important for the Bulls to move forward, on top of that we have Fib fan and FIb retracements resistance to name a few. it could just well be a gap filled be fore a continue trade down, daily vix is still stay above 200 dma.

I never think TA on vix is a good idea, VIX itself is calculated based on IVs of a chain of SPX options.
Traders won't refer to VIX MA to be more aggressive or less on SPX options.

so does DX, I think trade DX on TA is not a good idea. I'd rather refer to TA on EUR, as it has over 1/3 weighting.

I am not using VIX to trade market up/down, I just look at it as fear gauge, if the momentum on VIX (VND, VXN) were high market tends to be shaky that inturn more likely that people will dump their shares easily because the level of uncertainty.

Sure, I was just saying, MA does not provide support or resistance for VIX directly.
VIX is more a result than a source. Of course it's an important market sentiment indicator.

[90ufo]

Flat open, gap if any will be filled. I have a setup with winning rate over 80% that was failed yesterday (remember I gave the target and stated that's my secret in yesterday watering thread?). Well, that setup isn't over yet, as I checked again last night, most failed setups in the past, the yesterday's low would get revisited in just a few days.

1.png

2.png

hehe, later yesterday, I realized what the secret setup was.

[JJS612]

ES
Update.
http://99ercharts.blogspot.com/2011/06/es_24.html

Thx 99er. I read from your chart, and looking at hourly chart for the FTSE we are heading back to yetserdays lows, do you see 1259 or 1249 as stronger support.

[Cobra]

pullback as I said upon the open, this should be 2 legged down on 5 min chart.

[KENA]

The RTH Retail index is dn this has to come up for the mkt to be bullish again.

[Cobra]

Flat open, gap if any will be filled. I have a setup with winning rate over 80% that was failed yesterday (remember I gave the target and stated that's my secret in yesterday watering thread?). Well, that setup isn't over yet, as I checked again last night, most failed setups in the past, the yesterday's low would get revisited in just a few days.

1.png

2.png

hehe, later yesterday, I realized what the secret setup was.

good, if you do know then it should be enough to make a fortune, no other tech needed, no more stock analysis. Trading stock, the simpler the better. It's like Gongfu, you don't need lots of gestures, one simple deadly blow is enough!

[99er]

SPX
Again, Boyz, nice try.
http://99ercharts.blogspot.com/2011/06/spx_24.html

[guelder_rose]

pullback as I said upon the open, this should be 2 legged down on 5 min chart.

where is the target of 2 leggend down? or finished?

[Cobra]

by the way, in IB, what's the ticker symbol for russell 2000 emini? I tried, but how come I don't have russell 2000 emini?

[bbc]

by the way, in IB, what's the ticker symbol for russell 2000 emini? I tried, but how come I don't have russell 2000 emini?

TF

[Cobra]

ChiOsc still high. it's funny, no one in my Chinese forum expressed concern on ChiOsc last nigh even I showed the chart about what happened in the past that odds are obviously against bulls.

[Tabby]

by the way, in IB, what's the ticker symbol for russell 2000 emini? I tried, but how come I don't have russell 2000 emini?

I use TF for TD Ameritrade.

[Cobra]

pullback as I said upon the open, this should be 2 legged down on 5 min chart.

where is the target of 2 leggend down? or finished?

still pretty much the very 1st leg. you see 2 legs?

[oldpigwang]

what's the ticker symbol for russell 2000 emini: TF

[nikman]

Flat open, gap if any will be filled. I have a setup with winning rate over 80% that was failed yesterday (remember I gave the target and stated that's my secret in yesterday watering thread?). Well, that setup isn't over yet, as I checked again last night, most failed setups in the past, the yesterday's low would get revisited in just a few days.

1.png

2.png

hehe, later yesterday, I realized what the secret setup was.

Cobra, can you please provide the targets for the secret setup. I missed them yesterday. Thanks.