07/08/2011 Intraday Watering

[sycamore]

so, it is time to buy dip, isn't it?

[shooker]

i thought on a gap down non-farm payroll we buy isn't it ?

[jamesmith]

dumb luck i guess i covered my e-mini ES shorts ...
if my wife only knew what a loss i had exposed us to, she would have killed me.
i was down 2.5k on this stupid stupid counter trend short.
made it all back in a few minutes and a little extra...
i trade futures for income and try to average $200. to $400. per day of trading...
i was down a weeks worth a trading....
thank-you job's report

Yesterday at the close odds were on the short side, SPX might also have declined with good job numbers. As to your wife: I tell my wife that I always win, and she does not question me...

SPX4.png

thanks for sharing invaluable experience :mrgreen:

[BullBear52x]

The first dip buying spot, bulls can not loss here.

[BullBear52x]

This is no ordinary pull back, you all know how powerful and reliable of the island reversal.

any how, watch RSI 50 1min. it's a buy now daytrader, will she make it? let see, I covered my short just for the moment and will see how this buy unfold.

[99er]

Copper hinting at further declines.
HG http://99ercharts.blogspot.com/2011/07/copper.html
MACD cross.

[uempel]

Update:

[Cobra]

OK, no we have the open range, the next hour will be the key, breakout or breakdown will give us some clue what the day would like.

[99er]

Smoke break.
AUDJPY http://99ercharts.blogspot.com/2011/07/audjpy_08.html

[BullBear52x]

For bears always sell the weakness on the day like today, that is sell new LOD always. OK. I am done posting today, I yep yep too much....

[nonabear]

For bears always sell the weakness on the day like today, that is sell new LOD always. OK. I am done posting today, I yep yep too much....

That is what I see also. Doesn't a trade below the low after the first half hour (or is it hour) usually indicate we close below the open? Is this true in your experiece Cobra. Thanks

[shumushu]

aapl showing tremendous strength. What is up with that.

[Anaconda]

Morning all. Exciting day. Sure glad I got out in time, yesterday. Nothing like a little luck. (Although the odds sure were stacking up against those of us who were long.)

Anyone take a look at silver, lately? If this ain't a bear flag, I don't know what is:

[Cobra]

target as tinted area, 80% chances. we'll see.

[99er]

Groovin'
SPX http://99ercharts.blogspot.com/2011/07/spx_08.html

[shumushu]

Target /ES: 1330 with decent support

[KENA]

This is a good TZA day..Lets see..soku you are missing it today

[Mr. T]

Where's Cheech???

He should be here doing the happy dance.

[uempel]

Update:

[99er]

Ben?
DX http://99ercharts.blogspot.com/2011/07/dx_08.html