02/24/2020 Live Update

[Cobra]

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This bear shall have legs.

[Cobra]

Members only update starts here: http://www.cobrasmarketview.com/2020/02 ... ay-update/

[BullBear52x]

Nothing left for day traders.

[Trades with cats]

FT 71 said no point in giving scenarios today. He plans on selling the pops. Warned everybody to make sure you have full margin in your account and not use regular game plans.

[Cobra]

Members only update at 9:35 am
http://www.cobrasmarketview.com/2020/02 ... ay-update/

[BullBear52x]

The question is, how can I make money today? Balanced area is between 45-60, good 15 handles there.

[BullBear52x]

I buy for now, let see.

[te_fern]

Nothing left for day traders.

I agree.....

[Al_Dente]

decliners open at 8x advancers

[BullBear52x]

Entering buy the dip zone on a daily chart setup, as usual for this simple trend method, wait for RSI >30 to trigger.

[BullBear52x]

That was a quick 10 handles

[JFR]

ES daily. Big pullback to the trendline, well below the EMA 20.

[Al_Dente]

VIX is up 32%

[JFR]

ES 5. Excellent moves down overnight. Gave me 3 bites at it, without too much thought. And then a bounce back up to the pivot.

[BullBear52x]

Lower band in play right now.

[JFR]

Dow 30. A sea of red. VZ swimming against the tide. UNH and NKE leading the plunge.

[Daniel]

Nothing left for day traders.

I agree.....

Not necessarily. Days like this, price discovery over the first hour can often trace out a nice opening-60-minute range. Once that pattern emerges, other intraday indicators can be used to decide whether to fade or follow price as it nears either the high or low of that OR-60...

[JFR]

Entering buy the dip zone on a daily chart setup, as usual for this simple trend method, wait for RSI >30 to trigger.

Beautiful chart, BullNBear. Thanks for sharing.

BnB1.PNG (124.04 KiB) Viewed 31241 times

[Daniel]

All majors, fresh hod at the OR-30!

[Daniel]

Beautiful chart, BullNBear. Thanks for sharing.

Ditto. Agree. Esthetic and clear as well as useful. Rahrahrah!!