08/12/2011 Intraday Watering

Mr. T · Post by **Mr. T** » Fri Aug 12, 2011 10:12 am

I'm seeing a fake print on TNA to $50.58......

Anyone else see that? Trying to figure out if it's just a data error.

rhight · Post by **rhight** » Fri Aug 12, 2011 10:13 am

Good morning Cobra and all,
Been on vacation. Entered a long position yesterday for a swing trade after my decision matrix flashed a BUY. Stop is below 1118. Hope to hold for a week or two. The bottoming action (or dread continuation) may not be over, and so I may get caught. The chart shows the frame work for what I expect today. This crash was so hard, 38.2% retrace of entire 2 year bull trend in 3 weeks, that it is natural to think it has more to go. Technicals can fail us during a crash, as extremely oversold only becomes more so. Anyways, I'm trusting my system (for a change) and going long for a swing up. Looking for a 50% retrace minimum (1224), with a 68.2% retrace coming up to broken support at 1250 area as possible maximum for this swing up. Time will tell.

shumushu · Post by **shumushu** » Fri Aug 12, 2011 10:13 am

jarbo456 wrote:wow...anyone else having major problems with TOS this morning? delayed execution and not acknowledging cancelled orders...i'm now in two positions i don't want to be in and their trading desk is doing voicemail and no one online to help. -_-

Yeah that is some fucking bullshit, my exit was 3 points from my real exit and it wouldn't allow me to change it, unable to cancel my orders.

Petsamo · Post by **Petsamo** » Fri Aug 12, 2011 10:17 am

Mr. T wrote:I'm seeing a fake print on TNA to $50.58......

Anyone else see that? Trying to figure out if it's just a data error.

You mean a phantom bar, or bad tick? I don't see it on my 1 min chart.

KENA · Post by **KENA** » Fri Aug 12, 2011 10:19 am

I trade TD Ameritrade..Who is TOS???????

shumushu · Post by **shumushu** » Fri Aug 12, 2011 10:20 am

KENA wrote:I trade TD Ameritrade..Who is TOS???????

They are the same thing now. Unless you are being sarcastic =)

silicon_beaver · Post by **silicon_beaver** » Fri Aug 12, 2011 10:22 am

StrikePrice wrote:Gap was filled. Thanks Cobra!

retest.

KENA · Post by **KENA** » Fri Aug 12, 2011 10:23 am

shumushu wrote:
KENA wrote:I trade TD Ameritrade..Who is TOS???????
They are the same thing now. Unless you are being sarcastic =)

No I'm not sarcastic.No problem with TD Americade so if they are the same what is going on?????

soku · Post by **soku** » Fri Aug 12, 2011 10:27 am

rhight wrote:Good morning Cobra and all,
Been on vacation. Entered a long position yesterday for a swing trade after my decision matrix flashed a BUY. Stop is below 1118. Hope to hold for a week or two. The bottoming action (or dread continuation) may not be over, and so I may get caught. The chart shows the frame work for what I expect today. This crash was so hard, 38.2% retrace of entire 2 year bull trend in 3 weeks, that it is natural to think it has more to go. Technicals can fail us during a crash, as extremely oversold only becomes more so. Anyways, I'm trusting my system (for a change) and going long for a swing up. Looking for a 50% retrace minimum (1224), with a 68.2% retrace coming up to broken support at 1250 area as possible maximum for this swing up. Time will tell.

we may have diff opinion, but i still like your chart. it explained 2 of my failed trades yesterday.
i think it will not break out the H-line around 1150, so i shorted and got stopped out. then i had another bet in the red box, betting for a back test of the break out. apparently the bo is strong and legitimate, and i have to say i didn't give full respect of.

Michelle · Post by **Michelle** » Fri Aug 12, 2011 10:29 am

KENA wrote:I trade TD Ameritrade..Who is TOS???????

TOS is Think or Swim trading platform that TD Ameritrade owns now.

KENA · Post by **KENA** » Fri Aug 12, 2011 10:32 am

I don't always post when i sell but i
I'm thking profits in BWLD,may be early but I'm out.

Post by **Cobra** » Fri Aug 12, 2011 10:33 am

newbie_77 wrote:cobra,
do we have some insight for the day or its too early.

michigan sentiment came low but not yet reflected on prices... still holding 1173

no idea. small range day with bullish bias I guess.

KENA · Post by **KENA** » Fri Aug 12, 2011 10:34 am

Michelle wrote:
KENA wrote:I trade TD Ameritrade..Who is TOS???????
TOS is Think or Swim trading platform that TD Ameritrade owns now.

Thanks I did not know what TOS was. I use Comand center.

jarbo456 · Post by **jarbo456** » Fri Aug 12, 2011 10:37 am

10:36am. Looks like TOS system is back up and running. Just finished chatting with Kevin. He did his best to help out...but makes me wonder if we're in for more of this with the TD/TOS conversion.

newbie_77 · Post by **newbie_77** » Fri Aug 12, 2011 10:37 am

weekly expiration...

may be they will pin it @ 120ish?

shumushu · Post by **shumushu** » Fri Aug 12, 2011 10:39 am

A double bottom about to be confirmed cobra?

vats · Post by **vats** » Fri Aug 12, 2011 10:46 am

Hi Cobra and all the participants,
I am a newbie ..I have put and a call in silver for september at diffrent strikes. question is, why are both puts and calls down? for all the months and strikes??
appreciate your insight! thanks

StrikePrice · Post by **StrikePrice** » Fri Aug 12, 2011 10:47 am

Michelle wrote:
KENA wrote:I trade TD Ameritrade..Who is TOS???????
TOS is Think or Swim trading platform that TD Ameritrade owns now.

Last time I asked their platforms are not integrated.

StrikePrice · Post by **StrikePrice** » Fri Aug 12, 2011 10:51 am

soku wrote:
rhight wrote:Good morning Cobra and all,
Been on vacation. Entered a long position yesterday for a swing trade after my decision matrix flashed a BUY. Stop is below 1118. Hope to hold for a week or two. The bottoming action (or dread continuation) may not be over, and so I may get caught. The chart shows the frame work for what I expect today. This crash was so hard, 38.2% retrace of entire 2 year bull trend in 3 weeks, that it is natural to think it has more to go. Technicals can fail us during a crash, as extremely oversold only becomes more so. Anyways, I'm trusting my system (for a change) and going long for a swing up. Looking for a 50% retrace minimum (1224), with a 68.2% retrace coming up to broken support at 1250 area as possible maximum for this swing up. Time will tell.
we may have diff opinion, but i still like your chart. it explained 2 of my failed trades yesterday.
i think it will not break out the H-line around 1150, so i shorted and got stopped out. then i had another bet in the red box, betting for a back test of the break out. apparently the bo is strong and legitimate, and i have to say i didn't give full respect of.

You're not the only one. I took profits too early yesterday, a little bummed by it.

I think a lot of traders are likely taking today off or took the gap fill and left for the weekend, so small range day sounds possible. It's still the summer guys, enjoy your weekends!

Post by **Cobra** » Fri Aug 12, 2011 10:53 am

vats wrote:Hi Cobra and all the participants,
I am a newbie ..I have put and a call in silver for september at diffrent strikes. question is, why are both puts and calls down? for all the months and strikes??
appreciate your insight! thanks

I don't trade options, so no expert here. My guess is because IV is down.

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08/12/2011 Intraday Watering

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