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What pattern?victorm wrote:I used this pattern for some years, just for day trading to earn some money. Usually not more then 15% of all account. It's arr 15-20k and quite easy to make some 300-400$ with this ammount, But core account is on trend and only for a swings.
Also, this pattern is good for stocks but for pr metals pattern should be adjusted as it rarely works.
The greatest uncertainty with the market is Trump. Nothing else matters. So expect a wild market the rest of his time in office. His grace/honeymoon (one year) period is over. The market has been patient enough. He is the one that will UNKNOWINGLY crash the market/economy. It will happen. Talk about shooting oneself in the foot. So being long-term bullish is very risky with all the recklessness.Daniel wrote:Longer-term 'recency bias' is telling the Market Mind that breakouts should build on themselves. But these recent (relatively) sharp sudden declines over the past weeks has created a level of "overhead supply" such as hasn't existed for awhile. Price on SPY and on QQQ keeps running into somebody's fib-retrace level, or pivot point, or trendline...and then suddenly stops.
However, earnings season should be a good one. Bsn optimism studies portend this. And the market cannot be said to have fully discounted this possibility, not when it's clinging to its 200day MA. So it may turn out to be a choppy 3 steps up, 2 back, for the next couple weeks... but overall a positive earnings-driven uptrend.
It's on Daniel's article Al_Dente. Day trading hours pattern.Al_Dente wrote:What pattern?victorm wrote:I used this pattern for some years, just for day trading to earn some money. Usually not more then 15% of all account. It's arr 15-20k and quite easy to make some 300-400$ with this ammount, But core account is on trend and only for a swings.
Also, this pattern is good for stocks but for pr metals pattern should be adjusted as it rarely works.
I think one more 4yr term with Obama would crash the economy and put USA into real trouble. Trump is a businessman and see where it all going. Things Trump doing now should be done under Bush admin. I'm in Canada but don't understand how people in US thinking in regards to economy...Clueless wrote:The greatest uncertainty with the market is Trump. Nothing else matters. So expect a wild market the rest of his time in office. His grace/honeymoon (one year) period is over. The market has been patient enough. He is the one that will UNKNOWINGLY crash the market/economy. It will happen. Talk about shooting oneself in the foot. So being long-term bullish is very risky with all the recklessness.Daniel wrote:Longer-term 'recency bias' is telling the Market Mind that breakouts should build on themselves. But these recent (relatively) sharp sudden declines over the past weeks has created a level of "overhead supply" such as hasn't existed for awhile. Price on SPY and on QQQ keeps running into somebody's fib-retrace level, or pivot point, or trendline...and then suddenly stops.
However, earnings season should be a good one. Bsn optimism studies portend this. And the market cannot be said to have fully discounted this possibility, not when it's clinging to its 200day MA. So it may turn out to be a choppy 3 steps up, 2 back, for the next couple weeks... but overall a positive earnings-driven uptrend.
perspective...victorm wrote:I think one more 4yr term with Obama would crash the economy and put USA into real trouble. Trump is a businessman and see where it all going. Things Trump doing now should be done under Bush admin. I'm in Canada but don't understand how people in US thinking in regards to economy...Clueless wrote:The greatest uncertainty with the market is Trump. Nothing else matters. So expect a wild market the rest of his time in office. His grace/honeymoon (one year) period is over. The market has been patient enough. He is the one that will UNKNOWINGLY crash the market/economy. It will happen. Talk about shooting oneself in the foot. So being long-term bullish is very risky with all the recklessness.Daniel wrote:Longer-term 'recency bias' is telling the Market Mind that breakouts should build on themselves. But these recent (relatively) sharp sudden declines over the past weeks has created a level of "overhead supply" such as hasn't existed for awhile. Price on SPY and on QQQ keeps running into somebody's fib-retrace level, or pivot point, or trendline...and then suddenly stops.
However, earnings season should be a good one. Bsn optimism studies portend this. And the market cannot be said to have fully discounted this possibility, not when it's clinging to its 200day MA. So it may turn out to be a choppy 3 steps up, 2 back, for the next couple weeks... but overall a positive earnings-driven uptrend.
I wasn't trying to be political so let's not go into politics. I was referring to what is taking place at the moment with regards to the stock market. It is not about Republicans vs Democrats. How can you start a trade war without a plan? Everyone keeps calling his bluffs. So why talk about Obama and hypotheticals? He is done. His books are closed when it comes to the stock market. Are you trying to blame Obama for the economic collapse in his third term? Are you also saying Republicans like what has been happening to the market this year?victorm wrote:I think one more 4yr term with Obama would crash the economy and put USA into real trouble. Trump is a businessman and see where it all going. Things Trump doing now should be done under Bush admin. I'm in Canada but don't understand how people in US thinking in regards to economy...Clueless wrote:The greatest uncertainty with the market is Trump. Nothing else matters. So expect a wild market the rest of his time in office. His grace/honeymoon (one year) period is over. The market has been patient enough. He is the one that will UNKNOWINGLY crash the market/economy. It will happen. Talk about shooting oneself in the foot. So being long-term bullish is very risky with all the recklessness.Daniel wrote:Longer-term 'recency bias' is telling the Market Mind that breakouts should build on themselves. But these recent (relatively) sharp sudden declines over the past weeks has created a level of "overhead supply" such as hasn't existed for awhile. Price on SPY and on QQQ keeps running into somebody's fib-retrace level, or pivot point, or trendline...and then suddenly stops.
However, earnings season should be a good one. Bsn optimism studies portend this. And the market cannot be said to have fully discounted this possibility, not when it's clinging to its 200day MA. So it may turn out to be a choppy 3 steps up, 2 back, for the next couple weeks... but overall a positive earnings-driven uptrend.
Actually Victorm, Al_dente posted the article. Daniel just responded to it....victorm wrote:It's on Daniel's article Al_Dente. Day trading hours pattern.Al_Dente wrote:What pattern?victorm wrote:I used this pattern for some years, just for day trading to earn some money. Usually not more then 15% of all account. It's arr 15-20k and quite easy to make some 300-400$ with this ammount, But core account is on trend and only for a swings.
Also, this pattern is good for stocks but for pr metals pattern should be adjusted as it rarely works.
All USA used to printing press producing dollars day and night. Sure, good life. Eventually you and your children are going to pay for that reckless....Clueless wrote:I wasn't trying to be political so let's not go into politics. I was referring to what is taking place at the moment with regards to the stock market. It is not about Republicans vs Democrats. How can you start a trade war without a plan? Everyone keeps calling his bluffs. So why talk about Obama and hypotheticals? He is done. His books are closed when it comes to the stock market. Are you trying to blame Obama for the economic collapse in his third term? Are you also saying Republicans like what has been happening to the market this year?victorm wrote:I think one more 4yr term with Obama would crash the economy and put USA into real trouble. Trump is a businessman and see where it all going. Things Trump doing now should be done under Bush admin. I'm in Canada but don't understand how people in US thinking in regards to economy...Clueless wrote:The greatest uncertainty with the market is Trump. Nothing else matters. So expect a wild market the rest of his time in office. His grace/honeymoon (one year) period is over. The market has been patient enough. He is the one that will UNKNOWINGLY crash the market/economy. It will happen. Talk about shooting oneself in the foot. So being long-term bullish is very risky with all the recklessness.Daniel wrote:Longer-term 'recency bias' is telling the Market Mind that breakouts should build on themselves. But these recent (relatively) sharp sudden declines over the past weeks has created a level of "overhead supply" such as hasn't existed for awhile. Price on SPY and on QQQ keeps running into somebody's fib-retrace level, or pivot point, or trendline...and then suddenly stops.
However, earnings season should be a good one. Bsn optimism studies portend this. And the market cannot be said to have fully discounted this possibility, not when it's clinging to its 200day MA. So it may turn out to be a choppy 3 steps up, 2 back, for the next couple weeks... but overall a positive earnings-driven uptrend.