05/23/2018 Live Update

[Cobra]

can someone tell me if this is THE higher low?

[fehro]

triangle.. SPX intra day

[QED]

can someone tell me if this is THE higher low?

I think the FOMC will tell us at 2:00 p.m.

[Cobra]

target day high possible. right now still cannot say it's range or from now on trend is up.

[fehro]

i'd go long at 0.00 or better yet (-200.00)

time to make my millions with t-shirts? "I traded bitcoin and all I got is this t-shirt" or " I was mining bitcoins and all I got is this t-shirt"

too soon?

[Trades with cats]

Once again nothing but wicks and tails at ES 2716.

Fed minutes, in my worthless opinion, will be carefully written (remember the actual minutes are embargoed for like 20 years) to assure the market that a lively and active debate about rate increases is underway. This, of course, to a significant extent is smoke and mirrors. The elephant in the corner is the balance sheet, that is the stopping of the global liquidity pump. So far it is destroying the Italian and Turkish economy and of course the crisis will spread. Bet a beer this problem will be buried in the footnotes if it shows up at all. At some point in the future a journalist will write that no one could have foreseen the European banking crisis caused when the central banks stopped printing money.

[fehro]

triangle.. SPX intra day

mind the algo move for the FOMC minutes.. both targets may get tagged and stops on both sides could get blown out

[te_fern]

Watching this line for a break up....

[Cobra]

you see it briefly hit the sell zone (red arrow)? This is the concept of trading a range, all you have is a zone, so don't come and say that I'm wrong on the range high target, I'd be really pissed.

[Trades with cats]

May I say that people who are paid to talk about trading are all in agreement, with a range you sell both edges or you will blow up your account. Anybody who argues about it is simply lacking in experience or worse is bull headed ignorant about what they don't know.

[Al_Dente]

Smalls continue to sell off when they reach that declining red ma
hmmm……. stay tuned... should make a lower low.......
5min

[Cobra]

let me reiterate how in theory to trade a range:

You guess a range. Yes you guess.

You divide the range into 4 parts. Some divide into 3 parts, but I think only 4 can guarantee the risk reward is 2.

You buy in the lowest 1/4 zone and sell in the highest 1/4 zone. ZONE, ok?

So the entire trade is, right, based on guess, no technical, and this is why I don't like to trade a range day but unfortunately most days are range day.

[fehro]

DXY nHOD nHOW .. at 94.16 mind gold and oil.. that dollar is could fly..

[Al_Dente]

I wish some jerk would “blame” Cobra so he would go on and on.
His chatter is a rare gift; it’s what I live for.

[1der]

PastaBoss - I have tears rolling down my cheeks - omg!

I so incredibly appreciate this forum, its members, and Cobra. It is one of the RARE forums of any type that is civilized, informative,supportive and respectful.

[Al_Dente]

In honor of FOMC at 2:00, I am calling an EARLY HAPPY HOUR
Please note that this bear is just testing the limits. He wants food/fuel. Both ears are tagged, so he will be identified and shot dead if he gets toooo frisky.

no surprise: zh opines bear
“…these could be the first FOMC minutes in a while which have an outside market reaction, and with the Fed potentially set to remove the market's training wheels, stocks may not like it.”
https://www.zerohedge.com/news/2018-05- ... to+zero%29

[fehro]

DXY nHOD nHOW .. at 94.16 mind gold and oil.. that dollar is could fly..

94.187 nHOD nHOW

[Al_Dente]

PastaBoss - I have tears rolling down my cheeks - omg!
I so incredibly appreciate this forum, its members, and Cobra. It is one of the RARE forums of any type that is civilized, informative,supportive and respectful.

agree, luv u boss

[te_fern]

Might as well draw the triangle, not much else to do today!!

[Cobra]

mini roller coaster show in 2 minutes, so far we're in a range.