09/16/2015 Live Update

[Unique]

Trading psychology snippet:

It’s incredibly important to know when to walk away, this is especially true for even veteran traders because they are so ingrained with their old ways/rulebook.
Obviously, this is also a very complicated problem for new traders to tackle on.

For example, we’ve nailed AMZN on Monday, GOOGL on Tuesday and now TSLA for Wednesday.
It’s crucial to stay discipline when confidence levels are at 200% because positive P&L is one thing.
Keeping your gains is another story, believe me most traders have blown up accounts to learn very basic lessons. I am one of them.
When confidence levels are at sky high, your mind is likely to attempt to overtrade on setups that you would not otherwise. Keep it simple, it is what it is.

I’m done for the day, just trailing some TSLA calls left. Immediate target remains at 259-261. If this is uber bull, then Leg 2 target = 270 which is the gap fill. Good luck everyone! laugh

[fehro]

ding ding 50d tag USO .... viewtopic.php?f=2&t=1793&p=199589&hilit=uso#p199596

[Cobra]

consolidation, bias is up.

[fehro]

/CL Energy pushing up the SPX as it makes new HOD... NDX still red by a smidge

[fehro]

SPX

[Cobra]

rectangle text book target.

[fehro]

SPX.. sharp drop in the VIX 1m.. may dabble here with a small short..

[Unique]

CL Crude Oil Quick Update: Important close for today's session

Price was a shakefest inside that triangle formation for past couple weeks.
For today, if daily candle can close above 50SMA it bodes well for the daily 200SMA immediate target 52.5~ once we break above 49.33 for a final confirmation.
Remember, this is the first time ABOVE daily 50SMA in 80+ sessions. This is a huge confirmation of bear->bull price momentum shift.

Weekly/monthly wise, if this is 1-2-3 trend change move, we could target as high as 62.58 which is the previous months high.

P.S, Weekly CL candle is still only inside range bar, so bulls need final confirmation in the coming sessions

See chart

[Cobra]

target met. this bull may have legs.

[daytradingES]

Breakout 1979.25
looks as if this should be taken out

taken out and 1983.75 in the works

[Unique]

ding ding 50d tag USO .... viewtopic.php?f=2&t=1793&p=199589&hilit=uso#p199596

very nice, this shows that CL is doing the typical textbook movement. bodes well for next few sessions..

[fehro]

small short SPY here 199.58

[Unique]

ES Update:
I am seeing early signs of the Hourly Extreme Overbought Signal that I mentioned in last night's thread.
Just putting out there, bears still have a chance at 1987-1993 (with minor res at 1982). So far HOD = 1981.

Until then, this is just a classic 1HR 8EMA+20EMA bull train as mentioned earlier this morning. The trend is your friend

[Cobra]

members only update at 12:20 pm
http://www.cobrasmarketview.com/2015/09 ... ay-update/

[MrMiyagi]

spy

[Unique]

Can anyone confirm 1minute TSLA 120k volume 12:19ET. Thanks

[Unique]

Can anyone confirm 1minute TSLA 120k volume 12:19ET. Thanks

Still unsure if malfunction or algo big buy

[mozart]

this market is got some more upside, I would't touch short position at this time.
Oil is on the run I think fehro was saying that oil is coiling,and is right on the money

[fehro]

/GC gold pushing for the 20d @ 1126.7 > 50d.. M/W/D

[champix]

Can anyone confirm 1minute TSLA 120k volume 12:19ET. Thanks

Still unsure if malfunction or algo big buy

I do not see it on Interactive Brokers.