BullBear52x wrote:Rule of thumb: Buy Low Sell High. and always sell 2x top.
i thought 2x top only has 40% winning rate per Cobra?
WIll see, someone have to buy or sell at some point, per stat, Sell Open range high is 23% success and buy Open rage low is said to be better 27% success, but most trader don''t short at range low unless it breakdown and they don't buy the top range unless it breakout to the upside either, so.....how's that translate to trading signals.
Boss do u have such stats for “triple top”
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
BullBear52x wrote:Rule of thumb: Buy Low Sell High. and always sell 2x top.
i thought 2x top only has 40% winning rate per Cobra?
WIll see, someone have to buy or sell at some point, per stat, Sell Open range high is 23% success and buy Open rage low is said to be better 27% success, but most trader don''t short at range low unless it breakdown and they don't buy the top range unless it breakout to the upside either, so.....how's that translate to trading signals.
Boss do u have such stats for “triple top”
The attachment 222trip top.png.png is no longer available
that will be third time charm.
on another note, you called that 3 tops on your chart? that is new to me boss.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
Trades with cats wrote:Unless it sells hard Cobra is going to get his fourth up day. But what are they going to use for a narrative tomorrow? Last week we had the classic OPEX week short squeeze, one of the bigger ones in a while that did even more damage to the hedge funds. Then we drift for two days until economic news time. Now we find that the Chinese banks have delivered an even larger dose of Morphine (or used the chest paddles whichever works for you) and it is clear that Super Mario will have to do something so off we go. What are they going to do to keep it up tomorrow? https://www.youtube.com/watch?v=cnPlJxe ... Shirelles
BullBear52x wrote:Rule of thumb: Buy Low Sell High. and always sell 2x top.
i thought 2x top only has 40% winning rate per Cobra?
WIll see, someone have to buy or sell at some point, per stat, Sell Open range high is 23% success and buy Open rage low is said to be better 27% success, but most trader don''t short at range low unless it breakdown and they don't buy the top range unless it breakout to the upside either, so.....how's that translate to trading signals.
Boss do u have such stats for “triple top”
The attachment 222trip top.png.png is no longer available
that will be third time charm.
on another note, you called that 3 tops on your chart? that is new to me boss.
Thanks boss yes I do call it “triple top”
Here’s a candle view ...black, black, black, triple arrows
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
found buyers at EMA20, now let's see if it can make new day high.
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Ellipses on BPNYA show a crossing/time-signal next Friday. And because BPNYA tends to reverse in the 40/42 area the bears might have to wait a bit longer before they pounce.
BPNYA daily with ellipses showing a time signal next Friday
Last edited by uempel on Mon Feb 22, 2016 1:43 pm, edited 3 times in total.
Can existing home sales surprise to the downside enough to cause Fed intervention? Interest rates are really low, low down payment loans are back, sub-par credit loans are back all pushing sales up. Of course January is a stinko month ( I never sold a house in January so I am biased) and the seasonal adjustment has to be bigger than the raw number. But even with a statistically noisey number how bad does it have to be to have Stan Fisher change his speech tomorrow evening ?
I am keeping my bits off the table until after Shanghai G20 this weekend.
fehro wrote:SPX *60m W bottom target 2070… can't break it gap it... … Could argue for a massive gap up tomorrow. 4 out of 5 days.. gaps up… make it 5 for 6?
Bulls extremely excited about the 'W" bottom.. could suck some bears in by morphing into a complex invs H&S into the Shanghai G20 meeting, RS. and fill / tag the 1900 gap
My slow view of the ES-20,000 tick chart. Light grey is the European open. Clearly all the heavy lifting was done by the Asian markets, reportedly based on news of massive credit creation. Western markets are doing nothing much to help. That is why I am a sceptic, because only PBOC has been dropping Yuan from helicopters.