06/29/2011 Intraday Watering

[KENA]

Time to short CAT. It has had a good run up and is now stopped at the 50 day.

[endangered510]

Cobra, do you live in the future?

I would pay good money for a blog post detailing your trade setups and your preferred methodologies.

[Namo]

Cobra, do you live in the future?

I would pay good money for a blog post detailing your trade setups and your preferred methodologies.

http://cobrasmarketview.blogspot.com/

[ysc]

Cobra, do you live in the future?

I would pay good money for a blog post detailing your trade setups and your preferred methodologies.

http://cobrasmarketview.blogspot.com/

Hi is not an earth man.

[soku]

Time to short CAT. It has had a good run up and is now stopped at the 50 day.

did u recommend cat to me last time? i bot couple days ago. i am thinking of reduce my exposure, but i think it is still too early to sell short at this moment.

[99er]

SPX
Back test of Bear Flag complete.
http://99ercharts.blogspot.com/2011/06/spx_6091.html
Bye Bye!

[StrikePrice]

down tomorrow
it's a thursday
retesting the gold line from below

1-min,june29.PNG

this is a one-minute chart
my first successful post &
I'd like to include a thanks to all the great contributors

Welcome!

Good point. Thursdays have been Bearish lately. I'm sure Cobra will look into that in tonight's Outlook.

[Cobra]

Cobra, do you live in the future?

I would pay good money for a blog post detailing your trade setups and your preferred methodologies.

I believe lots of setups are based on experiences because trade is art not science. For example, the 3 push up is a general concept, it doesn't mean exactly 3, could be 4 or 5 or more. The subtle thing is to see the push strength wading, so sometimes 3 is enough but sometimes you need 4 or 5.

And that's only about recognizing the pattern. The trading needs more details, such as how to entry and how to exit and most importantly how to detect the trend as early as possible. I mean I wish I could formula all those in a fixed way, but sadly it's very hard to do so.

[bbc]

ok here comes the rebound, for now i believe this rebound shall eventually fail, but of course we'll have to wait and see.

I entered long a bit early, just exited with tiny profit.

[Tabby]

Wow, look at FASSSSSSSSSSSSSSSSSS.

[soku]

Wow, look at FASSSSSSSSSSSSSSSSSS.

due to the debit card crap

[Cobra]

Cobra, do you live in the future?

I would pay good money for a blog post detailing your trade setups and your preferred methodologies.

http://cobrasmarketview.blogspot.com/

Hi is not an earth man.

he means all the trading setups.

[Cobra]

ok, the feel is bad for bears here, now it's essential to pullback in the next couple of bars to start the 2nd leg down, otherwise, pretty much bears are over.

[bbc]

Wow, look at FASSSSSSSSSSSSSSSSSS.

due to the debit card crap

V? scheduled event?

[Cobra]

not a perfect L2, bears need a real L2 next bar assuming the current bar could close in red. I think bears need some luck here.

[soku]

Wow, look at FASSSSSSSSSSSSSSSSSS.

due to the debit card crap

check v and ma. i think the halt came in too late, or the news was out too early.
maybe fbi is going to knock couple doors tomorrow.

[Tabby]

Wow, look at FASSSSSSSSSSSSSSSSSS.

due to the debit card crap

You are right Soku but stock market does not follow economic. Do you honestly think that the Greece crisis has been resolved over a night?
Just make your money and keep your head above the water.

[Cobra]

no red bar, bears even don't have the signal bar, the only good I see for bears is the volume is up. let's wait...

[rhight]

ok, the feel is bad for bears here, now it's essential to pullback in the next couple of bars to start the 2nd leg down, otherwise, pretty much bears are over.

I have a Positive Price Reversal on 15 min SPX RSI 14 that calculates out to 1314. These don't always work out, but often do. Next swing up in 15 min stochastic will tell the story.

[alvian33]

CObra, last night you mentioned short at today close as a good setup, is it still valid?