07/14/2011 Intraday Watering

[Cobra]

nice bull bar, let's see if any follow through. the rebound seems not over yet.

[BullBear52x]

I see no bullish divergence, a v-shape? doubt it.

[Sqwii]

Cobra

Anytime where markets has been red on option expiration day on a Friday ?? and how much if so ?

[Anaconda]

23.6% retracement @ 97.16 is holding on crude...

I think we go lower. In the money with trailing stop, though.

nice trade anaconda... my hourly just signaled a sell.

Thanks. Needed that, after yesterday's loss. I expect we'll bounce back a little - maybe around 97.90 or so, before going to lower low (around 94) within next week. Reality always catches up with the market eventually, and demand is just plain weak right now, relative to inventories. (I know, I know, fundamentals don't play into the current situations, some say. Well, I think they always do....eventually! Just hope I've got the coin to last. )

[uempel]

Different view of support/resistance:

[Cobra]

so far, looks like a small bear flag.

[gilvag]

ok FDAX update

we entered SHORT at 7240
1/3 position was closed at 7225
take profit 2 will be 7205
last 1/3 with TS

enjoy

g.

[BullBear52x]

so far, looks like a small bear flag.

Thanks you, now you speak my language.

[uempel]

ok FDAX update

we entered SHORT at 7240
1/3 position was closed at 7225
take profit 2 will be 7205
last 1/3 with TS

enjoy

g.

You sure somebody else is trading FDAX here?

[Anaconda]

Target!

chart.png (8.93 KiB) Viewed 4882 times

[agnosia]

Thanks. Needed that, after yesterday's loss. I expect we'll bounce back a little - maybe around 97.90 or so, before going to lower low (around 94) within next week. Reality always catches up with the market eventually, and demand is just plain weak right now, relative to inventories. (I know, I know, fundamentals don't play into the current situations, some say. Well, I think they always do....eventually! Just hope I've got the coin to last. )

Well yesterdays rally was more based on QE3 announcement and more managed money ( aka DUMB money ) got involved to find a store of value and this is when the fundamentals go out the window. After today's decline volume it looks like this speculative class has just sold so now fundamentals are more at play. I will be selling any bounces , i just got a confirmed sell on my system. I also see 94 in the cards. Good luck.

[gilvag]

ok FDAX update

we entered SHORT at 7240
1/3 position was closed at 7225
take profit 2 will be 7205
last 1/3 with TS

enjoy

g.

You sure somebody else is trading FDAX here?

ok understud.

bye everyone.
sorry for bothering you guys.

g.

[BullBear52x]

4th time? see the last dotted line

[uempel]

ok FDAX update

we entered SHORT at 7240
1/3 position was closed at 7225
take profit 2 will be 7205
last 1/3 with TS

enjoy

g.

You sure somebody else is trading FDAX here?

ok understud.

bye everyone.
sorry for bothering you guys.

g.

No, no, don't go. But it's difficult to participate and comment if nobody has a chart. Stockcharts shows a DAX chart, but only with daily/weekly settings. Perhaps there are some guys here who do trade FDAX with charts from their brokers...

[BullBear52x]

Now we have bullish divergence, do or die for Bulls.

[Me XMan]

PULL UP! PULL UP! CAPTAIN!!!

4th time? see the last dotted line

[Cobra]

well, bear flag breakdown. the target using 2 different measured move are almost identical.

[uempel]

Update SPX:

[Trade-a-holic]

ok FDAX update

we entered SHORT at 7240
1/3 position was closed at 7225
take profit 2 will be 7205
last 1/3 with TS

enjoy

g.

You sure somebody else is trading FDAX here?

I am trading FDAX almost every day - so please keep on posting thanks

[uempel]

well, bear flag breakdown. the target using 2 different measured move are almost identical.

I'm always amazed by TA, the circle and the flag signaled at the same moment...