10/03/2014 Live Update

fehro · Post by **fehro** » Fri Oct 03, 2014 2:22 pm

SPX .. 1965 is key.. 20w SMA.. close on it or under just to keep everyone on their toes.. then gap up Monday SPX 50d tag... only to reverse into next week…. followed by options week rally?…too formula?

MrMiyagi · Post by **MrMiyagi** » Fri Oct 03, 2014 2:23 pm

uempel wrote:This RSI chart too - suggests that after RSI weakness the first SPX bounce is corrected before the index moves up any further.

My chart agrees with your chart:

: nysi

fehro · Post by **fehro** » Fri Oct 03, 2014 2:27 pm

/ES nearing invs H&S target 1965.. as SPX tries to fill gap to 1972.65ish

Out of Bounds · Post by **Out of Bounds** » Fri Oct 03, 2014 2:30 pm

Stopped out of long at 196.80 I think I raised it too high because I think we might see another HOD. Oh well, 10 cents is 10 cents.

soku · Post by **soku** » Fri Oct 03, 2014 2:31 pm

fib works well on 4h /es

uempel · Post by **uempel** » Fri Oct 03, 2014 2:41 pm

Amazing, I guess every trader is staring at SPX 1970 - ready to hit the cover button if this level is broken. A break here would generate a nice bounce. Now let's see

uempel · Post by **uempel** » Fri Oct 03, 2014 2:45 pm

MrMiyagi wrote:
uempel wrote:This RSI chart too - suggests that after RSI weakness the first SPX bounce is corrected before the index moves up any further.
My chart agrees with your chart:

3728.png

Miyagi, now your chart is a little bit less messy

than mine. I'm quite a fan or your clean charts

fehro · Post by **fehro** » Fri Oct 03, 2014 2:45 pm

SPX 1m.. rising wedge.. getting tighter and tighter..

jademann · Post by **jademann** » Fri Oct 03, 2014 2:46 pm

Dark swans not withstanding UVXY is now in backwardation and this will mean a further 2% UVXY loss by monday morning. Holding XIV.

uempel · Post by **uempel** » Fri Oct 03, 2014 2:50 pm

Fun to watch price action on ES DEC 14: again and again bulls are trying to push SPX higher. Like in some horrible battle, when waves and waves of soldiers keep on attacking defensive positions ...

Out of Bounds · Post by **Out of Bounds** » Fri Oct 03, 2014 2:53 pm

Shrooms

taggard · Post by **taggard** » Fri Oct 03, 2014 2:53 pm

RE Mr Bachnut--

Yahoo! One model, one filter, two protocols (actually three: trend, swing and a do nothing protocol). The backtesting made me salivate. The swing protocol is ready to go. Right execution will matter as always and will be more challenging as a layer of complexity has been added.

So, until this gets ingrained and I make some money (or drop it), I am going to reduce distractions including blog time. Besides, posting positions might seem confusing or reinforce a bias, until I get the hang of it.
Anyhow, that's where I am at.

This may flop. If so, it will probably be my fault... though Mr. Market is a mischievous trickster.

Lastly, I don't plan to disappear completely and hope to return to regular posts in time. In the meanwhile, thank you Cobra for all that you do, and everybody else in here. Great group![/quote]

Very impressed about "going to reduce distractions including blog time". and "it will probably be my fault" works both ways--so if it works it is too. Posting tends to add attachment of one sort or another. it's different playing music for one's dog or for 5000 people. couldn't agree more that one's approach has to fit current market action--if we listen it tells us.

one thing worth thinking about--since it is always "our fault" so what we "think we see" and "how we react in relation to that view" newbies may want to consider how they perceive the market. Mr BachNuts calls it a "mischievous trickster". compare this to how you feel when stuff "goes against you" (meaning you fail to listen to what the market is telling you) or when stuff "goes for you" which (meaning you were into the flow). a hugely cynical or negative perspective can work against you.

the whole situation shifts from "into the flow" to "me and it" (so subject object). The second you separate your self you lose a portion of "listening" or "sticking" power. what is listening or sticking? maybe it's easier to see it on a physical level and translate that to trading so

https://www.youtube.com/watch?v=l_gmMqzf2I8

https://www.youtube.com/watch?v=XSnUDkCQ0WU

of the two vids--the first one is very impressive--and the second one less so. however since the first one is so subtle it's usually better to include the second one and then suggest that people watch the first one after seeing the second one. for those who assume this stuff is phony--i assure you it is not and after you get tossed 5-10 times across the room you feel that in your bones.

so ask yourself what is the mental set of the dudes in this? the old guy is "listening" so hard he doesn't really have one. the other guy is a bit gung ho but is not seeing guys coming at him as "negative". he just uses the flow. bottom line? relaxing is huge--seeing the market as out to get you is something that will mess that up. when you feel your body tightening up--breath relax and lose that illusion of "subject/object" dichotomy. you can catch the tension prior to the point you are freaking out mentally and live longer as this NYT piece re nobel prize winner (on telomeres) and the "major big chill"

http://mosaicscience.com/story/can-medi ... low-ageing

the high point for me was the obscure reference to "random distribution" by epel. see these Tibetan dudes don't believe in chance luck or "random" they believe in a patterned universe--so amusingly they saw her idea as sloppy which of course is the inverse of how 95% of the west regards the Tibetan dudes. Point here is that--tension around trading--is separation from--market action--that causes pain--that pain is supposed to lead us back to listening--or if not to less money and a shorter life. Mr market is trying to do us a favor every single instant if we "stick and listen" or as col(rt) kurtz would have it "one must make a friend out of pain or it will be an enemy that is to be feared". https://answers.yahoo.com/question/inde ... 132AAQduX2

so much for the riff off stream of consciousness--will be looking forward to your posts as always Mr BachNut. Good luck with this new idea (we or course make our own luck)

Out of Bounds · Post by **Out of Bounds** » Fri Oct 03, 2014 2:53 pm

Seriously! Anyone else thinking of shorting to the close?

Edit: 196.75 I took a small short

MrMiyagi · Post by **MrMiyagi** » Fri Oct 03, 2014 2:53 pm

uempel wrote:Miyagi, now your chart is a little bit less messy than mine. I'm quite a fan or your clean charts

Well I have a very tiny tiny bit of autism (so I keep getting told) and I have to make things that are harmonious to my eyes

MrMiyagi · Post by **MrMiyagi** » Fri Oct 03, 2014 2:54 pm

Out of Bounds wrote:Seriously! Anyone else thinking of shorting to the close?

Maybe a couple of puts?

Out of Bounds · Post by **Out of Bounds** » Fri Oct 03, 2014 2:56 pm

MrMiyagi wrote:
Out of Bounds wrote:Seriously! Anyone else thinking of shorting to the close?
Maybe a couple of puts?

I took a small short.

MrMiyagi · Post by **MrMiyagi** » Fri Oct 03, 2014 3:00 pm

!!! POWER HOUR !!!

grandeG · Post by **grandeG** » Fri Oct 03, 2014 3:06 pm

Out of Bounds wrote:Seriously! Anyone else thinking of shorting to the close?

Edit: 196.75 I took a small short

I'm with you and Cobra. Set up for a short at 196.98.

fehro · Post by **fehro** » Fri Oct 03, 2014 3:07 pm

SPX stopped at gap.. atm

louie · Post by **louie** » Fri Oct 03, 2014 3:08 pm

now looking at 1980 - 1985 spx?

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