09/30/2011 Intraday Watering

[rhight]

Bears a day like today set your trailing stop let the market take you out if it will so far it doesn't.

I agree, I'm trailing a tight stop on 2 day downtrend, short term bullish divergences could give a pop, and the 60 min cycle is extended. Would probably re-enter short on break of spx 1140, or next minor up trend. A test of the declining 60 min 20 MA will be telling. May break down here though, we'll. Market doing a good job of playing it's cards close to the vest.

I don't like stop order avoid it at all cost, but from time to times it's good vehicle to have. stops what give the brokerage an upper hand, I will not use trailing stop unless I am >10% ahead, I'll take their 7% any day.

Not having stops has absolutely murdered me. Right now, I am only a zombie. The art is knowing where to place them. I can place a Sell Stop Limit order if I want, and control the sell price within a penny, although I usually use Sell Stop Loss order. It's the morning gaps that can cause a lot of slippage, and I try and avoid those if possible. (trading ETF's not ES)

[KENA]

OK Cobra it is time to change hats and take the horns off. Ha (maybe)

114 is key, price average still think 114 has a chance.

That will be a good start

[laoguo]

p-bar to 116

where did you see it?

[tapesense]

Looking to pluck some upsi-daisies at ES 1150s, break of yesterday's SPY high projects to 121

[buyorsell]

I'm trying to contribute my first chart here.
http://stockcharts.com/h-sc/ui?s=XGD.TO ... 6472953380

I always use Canadian Gold Stock ETF, XGD.to, to track the gold stocks. So far, every time it has a huge volume spike in the last 30 minutes, big gap happens next morning.

Cheers!

[paco.patino]

Cobra, what do you think about this?
It's really bullish?

[99er]

AUDJPY
Update.
http://99ercharts.blogspot.com/2011/09/audjpy_30.html

Risk off.

[Cobra]

Cobra, what do you think about this?
It's really bullish?

I don't see bullish.

[99er]

ES
Update.
http://99ercharts.blogspot.com/2011/09/es_5237.html

[Al_Dente]

p-bar to 116

bushie
u and yr p-bar
i can't see no stinkin p bar

[buyorsell]

I'm trying to contribute my first chart here.
http://stockcharts.com/h-sc/ui?s=XGD.TO ... 6472953380

I always use Canadian Gold Stock ETF, XGD.to, to track the gold stocks. So far, every time it has a huge volume spike in the last 30 minutes, big gap happens next morning.

Cheers!

[Cobra]

no direction. I'll watch for awhile. so far price overlap, bulls really need a decisive breakout.

[bushwaffle]

p-bar to 116

where did you see it?

5 min SPY on OX native. Didn't hang around but a couple mins, but it was there...

Hope it was a glitch....

[davros]

AUDJPY
Update.
http://99ercharts.blogspot.com/2011/09/audjpy_30.html

Risk off.

aud/jpy 'should' be down a lot more than it is, it's just that the yen is breaking down today; I don't think, today, aud is much use at all for risk on/off stuff, aud futures are totally flat, aud/usd just down 0.6% right now

[paco.patino]

Cobra, what do you think about this?
It's really bullish?

I don't see bullish.

But, acording to Bulkowsky: "(Diamond bottoms) in a bear market rank second for overall performance" .... "diamond bottoms is that a quick rise often follows a quick decline"
http://thepatternsite.com/diamondb.html Assuming is a correct Diamond Bottoms.

And Financials are one of the bearish sectors this year.

[99er]

The Fed Is Out Of Bullets

http://globaleconomicanalysis.blogspot. ... on-in.html

[Al_Dente]

I'm trying to contribute my first chart here.
http://stockcharts.com/h-sc/ui?s=XGD.TO ... 6472953380

I always use Canadian Gold Stock ETF, XGD.to, to track the gold stocks. So far, every time it has a huge volume spike in the last 30 minutes, big gap happens next morning.

Cheers!

Sweet
could u translate Canadian to gringo
Bull gold?... big gap down?

[rocstocktrader]

Gold $GLD quiet today as well as yesterday on low volume. If it breaks to the upside then the $168-$172 area is a spot to watch-to the downside $145 IMO.
http://btdmarketsummary.blogspot.com/

[newbie_77]

here we go 1330 push up

[Cobra]

Cobra, what do you think about this?
It's really bullish?

I don't see bullish.

But, acording to Bulkowsky: "(Diamond bottoms) in a bear market rank second for overall performance" .... "diamond bottoms is that a quick rise often follows a quick decline"
http://thepatternsite.com/diamondb.html Assuming is a correct Diamond Bottoms.

And Financials are one of the bearish sectors this year.

Diamond could be a continuation pattern, so need wait for the breakout to get the direction. So for now, I cannot say it's bullish.