08/25/2011 Intraday Watering

[EvilTrader]

Everyone knows I love cobra and everyone else here!

Peace!

I like peace and beautiful women of course.

Is ak84 a beautiful girl ??

[grachu]

cobra . we short at the close BAC 80 % winning trade?

[MajorEasy]

yesterday 2 posters said that their stops were swept up by the big guys.
when the "generals" (big guys) do this, i call it "running the stops".
to deal with this common problem.... set "buy" traps or "sell" traps at bol band limits,(use BB settings 8,1.8)
you'll be rewarded....
then, trade only in the direction of the long term trend....
don't counter-trend trade....
don't be greedy a small scalp is always better than a stop-loss...

[Cobra]

too bad, wrong again, no rebound, it's just sold off. Anyway, my guess is this is the 3rd leg down, so it's key to see how the day low is being tested, let's wait.

[Cobra]

cobra . we short at the close BAC 80 % winning trade?

no. no trade today, must breakdown below today's low tomorrow. otherwise will have to wait for the next setup depends on how tomorrow goes.

[varaamo]

MajorEasy,

In what timeframes and instruments, does this BB settings work? 15 min /ES?

Thanks,
varaamo

yesterday 2 posters said that their stops were swept up by the big guys.
when the "generals" (big guys) do this, i call it "running the stops".
to deal with this common problem.... set "buy" traps or "sell" traps at bol band limits,(use BB settings 8,1.8)
you'll be rewarded....
then, trade only in the direction of the long term trend....
don't counter-trend trade....
don't be greedy a small scalp is always better than a stop-loss...

[Cobra]

volume surge, hopefully a rebound of some kind here.

[Anaconda]

Best day of the year for me, today, thanks to the phantom bar at the open. Still short. Will lighten up into the close, unless we touch 1155 SPX...then I stay for more.

[varaamo]

Congratulations Anaconda... Good trading

[varaamo]

MajorEasy,

What timeframe and instrument this BB settings work? 15 min /ES.

Thanks in advance,
varaamo

yesterday 2 posters said that their stops were swept up by the big guys.
when the "generals" (big guys) do this, i call it "running the stops".
to deal with this common problem.... set "buy" traps or "sell" traps at bol band limits,(use BB settings 8,1.8)
you'll be rewarded....
then, trade only in the direction of the long term trend....
don't counter-trend trade....
don't be greedy a small scalp is always better than a stop-loss...

[Anaconda]

Congratulations Anaconda... Good trading

Thank you! Doesn't happen often enough.
GL.
A.

[Cobra]

cobra,

when you say breakdown below today's low, do you mean today's close < today's low. If so the 80% probability is only after that happens?

Thanks,

for BAC, my usual setup: assume we close here, doesn't matter anyway, breakdown below today's low is short, 80% chances it'd be a winning trade.

no matter how today closes, as long as tomorrow low is lower than today's low, it's short setup.

Hmm, I'm scared, seems you guys really want to take the trade. Pretend I didn't say anything please. Read the disclaimer at the bottom of this web site.

[AK84]

Everyone knows I love cobra and everyone else here!

Peace!

I like peace and beautiful women of course.

Is ak84 a beautiful girl ??

haha....If I were a girl ....I would be sitting with my sugar daddy while he traded and brought in the $$ (Canadian )

[flrtrader]

First post for me everyone! Howdy all.. It was just pionted out to me that we may hane another head and shoulders on the daily spx setting up. I'm screaming here found myself long here from yesterday... been away and just returned. Cobra any thought on tomorrow?

[PLUNGE]

Unless someone knows what Bernanke will say tomorrow, I will stay flat. If he hints at some form of QE3, there will be a pop upward. Any other language will cause an immediate continuation of the down trend in equities.

So what will he say?

[varaamo]

I am not taking any setups. And if i do, don't worry, won't hold you for any losses. just trying to learn here.
But i am confused by your statement, "as long as tomorrow low is lower than today's low". Without knowing tomorrow's price action (i. tomorrow's low) how does it become a valid trade entry condition?

cobra,

when you say breakdown below today's low, do you mean today's close < today's low. If so the 80% probability is only after that happens?

Thanks,

for BAC, my usual setup: assume we close here, doesn't matter anyway, breakdown below today's low is short, 80% chances it'd be a winning trade.

no matter how today closes, as long as tomorrow low is lower than today's low, it's short setup.

Hmm, I'm scared, seems you guys really want to take the trade. Pretend I didn't say anything please. Read the disclaimer at the bottom of this web site.

[pidge66]

Unless someone knows what Bernanke will say tomorrow, I will stay flat. If he hints at some form of QE3, there will be a pop upward. Any other language will cause an immediate continuation of the down trend in equities.

So what will he say?

From the most flimsy to the most aggressive, here are 5 of the Fed’s options:

1. “We are also worried” – If the Fed opts to do nothing more than express their concern about the economy and give an ambiguous pledge to do all that is necessary, investors will be sorely disappointed.

2. Extends 2013 pledge to Securities Portfolio – When the Fed met earlier this month, they tweaked the extended language sentence of their FOMC statement to say that the Fed Funds rate would remain at exceptionally low levels at least through mid 2013. They can opt to extend this pledge to their securities portfolio which leaves open the door to QE3 without explicitly initiating it.

3. Operation Twist – The Fed could also bring back a tool used in the 1960s that twisted the yield curve by selling short term bonds and buying longer term bonds. This would drive short term yields up and long term yield down which effectively extends the maturity of their securities portfolio without increasing the balance sheet. This would be a more aggressive action than another language tweak (see #2).

4. Reduce Interest on Reserves to ZIRP – The central bank could also cut the interest paid on reserves from 0.25 percent to 0 percent or cut swap line rates in order to bring down the tremendous amount of liquidity.

5. Another Round of QE – The most aggressive options would be for the Fed to introduce another round of stimulus but given the level of inflation and the criticism of QE2, this option may be the least likely. One other possibility is inflation targeting but this “nuclear option” is so unlikely that it is not allocated its own category.

Source: http://www.kathylien.com/site/fed-rate- ... ds-options

[Cobra]

First post for me everyone! Howdy all.. It was just pionted out to me that we may hane another head and shoulders on the daily spx setting up. I'm screaming here found myself long here from yesterday... been away and just returned. Cobra any thought on tomorrow?

no QE3 for sure, just don't know how guys would react.

[pidge66]

Congratulations Anaconda... Good trading

Thank you! Doesn't happen often enough.
GL.
A.

Congrats! Somehow I just don't get phantom candle on tradestation.

[Cobra]

I am not taking any setups. And if i do, don't worry, won't hold you for any losses. just trying to learn here.
But i am confused by your statement, "as long as tomorrow low is lower than today's low". Without knowing tomorrow's price action (i. tomorrow's low) how does it become a valid trade entry condition?

cobra,

when you say breakdown below today's low, do you mean today's close < today's low. If so the 80% probability is only after that happens?

Thanks,

for BAC, my usual setup: assume we close here, doesn't matter anyway, breakdown below today's low is short, 80% chances it'd be a winning trade.

The setup is for tomorrow not for today. definitely no trade for today assume you're not DT.

no matter how today closes, as long as tomorrow low is lower than today's low, it's short setup.

Hmm, I'm scared, seems you guys really want to take the trade. Pretend I didn't say anything please. Read the disclaimer at the bottom of this web site.