07/15/2011 Intraday Watering

[agnosia]

Triangle?

Almost certainly, IMO. Increasingly tight back and forth thru end of day, today. Hard down next week, I think.

hey anaconda did u cover your short? i can't believe crude is trading higher today...

[Dow Trader]

Another positive dev. in 5-min EUR

[KENA]

I will be taking a swing trade long in Entg.It has had a good correction and now may go up.Low risk.Low price and looking for 2.00 gain.Time will tell.

[Tabby]

Cobraaaaa!!!!!!!!!!!!!!!!!!

Just to let you know I bought the GOOG 565 call expiring next friday and its going to be worth $35-$40 ! I paid only $5!!!!! IM SOOOOO HAPPPYYY

Thanks for helping me out as alwayssss!!!

Congrats AK84.
The day before GooG earning, I read an article to buy BIDU and dump GOOG. I guess GOOG got jealous of her nemesis.

Thanks Tabby!!! I remember your post on how if it sellls off on earnings day means it may pop in AH . Cobra helped me decipher the weekly chart which clearly had 3 push down and was on the 2 legged up phase.

It was a $500 risk (could have lost all ) but the upside potential was pretty good considering the stock sold off so much already so even a slight beat would have lifted it in my opinion . I dont take huge risks prior to earnings but sometimes u gotta take a gamble

AK84,
it wasn't me. I was just reitrating what happened in previous earning that a hedge fund manger told all his subscriber to buy and after hour it crashed and next day was in the moon.The same thing with AAPL in previous earning. Two days prior to earning, news contantly reporting how Steve JOb was so sick. AAPL dropped like a rock and the spiked next day.

I am very interesting in FCX. I can't wait to see how they play this stock prior to earning.
I am glad evrything went well for you.

[AK84]

mutltiple confluences at the 1309 area.

Weekly MA 9 , Backtest of broken trendline, and MA 20 . I dont think the market is going to really drop here. As long as 1291 holds i think the bulls are okay and cobras higher high ahead will get fulfilled since we have already seen a lower low.

But then again ...this is what i "THINK" but i'll trade what i see.

[Dow Trader]

A look to another angle, 15 minutes chart EUR

[Anaconda]

Triangle?

Almost certainly, IMO. Increasingly tight back and forth thru end of day, today. Hard down next week, I think.

hey anaconda did u cover your short? i can't believe crude is trading higher today...

I did, at 96.75. But with a lot of misgivings. If we pop over 97.50, I'm in for another round. I expect the dollar will jump next week and oil will fall with it.
A.

[cougar]

Triangle?

Almost certainly, IMO. Increasingly tight back and forth thru end of day, today. Hard down next week, I think.

hey anaconda did u cover your short? i can't believe crude is trading higher today...

Agnosia: I was watching the gold-diggers early this morning and even posted one of them here... Actually, money flow into those stocks started 1-2 days ago.
“….the moves of commodity-depending companies precede the moves of the underlying commodity” - Wall Street Folklore.

[AK84]

mutltiple confluences at the 1309 area.

Weekly MA 9 , Backtest of broken trendline, and MA 20 . I dont think the market is going to really drop here. As long as 1291 holds i think the bulls are okay and cobras higher high ahead will get fulfilled since we have already seen a lower low.

But then again ...this is what i "THINK" but i'll trade what i see.

Chart Link

http://stockcharts.com/h-sc/ui?s=$SPX&p ... =239402366

[agnosia]

I did, at 96.75. But with a lot of misgivings. If we pop over 97.50, I'm in for another round. I expect the dollar will jump next week and oil will fall with it.
A.

yep today's move is very puzzling but i went long according to my signals at 96.20. Good luck.

[tonghu]

posting test

[uempel]

Bye guys, I'll be away for a few days. I'll miss the market and I'll miss Ms. Volatility (blonde with long legs )

[paul]

Been watching and learning...am total novice. Thanks to all here - esp. Cobra for sharing and teaching. It will be long time (if ever) before I can contribute...but I really appreciate the site a lot. May your trades all be safe - even if not profitable.

I agree... Even I'm new in this trading world, and getting to learn a lot from this forum.... Thanks to Cobra and all the others who do a wonderful job here....God bless you all.

[rhight]

According to the Twin Gann Squares:
First target ~ 1302.3 (soon)
Next target & support = 1291.7 (around Jul 20).

…unless you believe in the Full Moon Miracle today …Gann did! LOL!

It is interesting how different methods can over lap.

[cougar]

posting test

vix.png

Nice, "tonghu"!
This is really "OUT Of THE BOX"!

[cougar]

According to the Twin Gann Squares:
First target ~ 1302.3 (soon)
Next target & support = 1291.7 (around Jul 20).

…unless you believe in the Full Moon Miracle today …Gann did! LOL!

It is interesting how different methods can over lap. Using an excel implementation of Robert Miner's Dynamic Trader (didn't want to cough up the bucks, but I've seen Cobra present screen shots of it) I've come up with some concurring data. Of course, garbage in, garbage out, and so the time/date inputs have to be carefully chosen. But, assuming that we are in an ABC correction of a prior trend (SPX 1258 to 1356), I get a price group at 1307 that may fit with a date group between 10am and 1pm today. And a 1390-1395 price group that may fit with a 7/18 afternoon date group. I'm sure this is mumbo jumbo to many, but it is a useful context in which to execute a separate and well defined trade entry strategy. It is useful to know that I'm a position trader, with only two "definite" long and two short signals to work with this year (and some other "discretionary" higher risk set-ups), so that probably puts me in the minority on this board, but my intention is to capture the larger 100 point moves. Day trading is too stressful this older guy. I wouldn't advise anybody to trade on this info, just sharing a perspective.

Thanks “right” for the info! Yes…no day trading for me also…Short swings…Sometimes I break the rule, but NOT on an OpEx day, when anything can happen.
For instance, this 5 min triangle looks easy to trade…but I won’t!

[cc2265]

UNG, 12.5 is not too far distance ahead.

First time ung up 6 consecutive days in 3 years with mild volume. According to pass 2 years data, July~August wave high is lower than summer, how do you think this time?
But, NG future volume surges recently, 8~10 times high than March and before.
Thanks.

[Dow Trader]

we have 10 minutes to go for EUR news that might move the market " stress test "

[champix]

Boring market ! Nothing to do on Indices or Crude !
So we gonna see the impact of European bank stress tests in 10 min... let's guess, positive impact ? What a surprise...

[MajorEasy]

3 min bearish
trade your own indicators and time frames