12/05/2019 Live Update

[alphahorn]

I've had a nice morning, I might just call it quits here

[te_fern]

I've had a nice morning, I might just call it quits here

Thank you for sharing your trades and thoughts!!

[te_fern]

Nice triangle on the smalls too!

[Vaamsy]

I've had a nice morning, I might just call it quits here

Thank you for sharing your trades and thoughts!!

Ditto. And please stay

[Cobra]

probably the low was in for today but it's just a range day.

[Vaamsy]

Ascending triangle on the 1min pointing to 3120+ ?
3117 is good enough for me.

[BullBear52x]

new LOD the selling will pick up speed today.

[Vaamsy]

Switched to short. Bear flag and retest...
Could be wrong

[Vaamsy]

new LOD the selling will pick up speed today.

Awesome!

[alphahorn]

Ran an errand and looked at the computer when I got back, System just went short again. I'm short at 3110.25 stop at 3112.50, I'll move it to the positive side of the trade if ES reaches 3108

[alphahorn]

bears need to step in here, above 3112 it's back long, we need to take it below 3109

[Cobra]

members only update at 12:00 pm
http://www.cobrasmarketview.com/2019/12 ... ay-update/

[Al_Dente]

[SAVE FOR LATER]
MARK HULBERT:
"How bad will the next [upcoming] bear market be?"
[Spoiler: Not too bad]
"To measure the correlation between bull- and bear-market length, I relied on that Ned Davis calendar, according to which there have been 36 bear markets since 1900 and 37 bull markets."
https://www.marketwatch.com/story/how-b ... 2019-12-04

[alphahorn]

it's do or die time for this trade. here's what I'm looking at. I went short on the yellow candle after my red reversal candle, but since then my system is printing green candles and my indicators are turning positive. If I'm stopped out, then I'm probably done for the day. luckily I played it small with only 1 contract. these intermittent green, yellow and red candles are a sign of market transition. it could go either way.

[Al_Dente]

Hourly
She paused at the 5 and 13dma (pink, purple) and is now trying to fail.
She “needs” that third leg down.
Measured move (mm) is in orange. Target circa 3040 (not intraday)
Cobra usually has a better mm but I can’t find it yet

[alphahorn]

here it is now, jIt looks like it's trying to start another down leg. But, I'm not too comfortable until it takes out 3108, then the low. we could easily see new highs if it takes out 3114.

[Al_Dente]

Everyone awaiting the non farm payroll data tomorrow, which will either kill or save the bears.
(Y'all already know that )

[Trades with cats]

Everyone awaiting the non farm payroll data tomorrow, which will either kill or save the bears.
(Y'all already know that )

That is the question , is bad good or is bad bad this time?

[alphahorn]

I've moved my stop to 1 tick below my entry. I'm 5 for 5 winning trades thus far today and don't want to lose on this trade.As I was writing I was topped out. I might re-enter

[alphahorn]

back in short at 3109.50, tight stop, small just 1 contract, not in love with it yet