10/17/2011 Intraday Watering

juankim · Post by **juankim** » Mon Oct 17, 2011 11:06 am

Hi Cobra & gang,

Been lurking for a while and learned a whole bunch so much thanks to all your collaboration/contributions. Recently registered and wanted to contribute something in hopes it may be of value to somebody else.

FYI I am more of a swing trader (days to weeks timeframe)... don't have the constitution to survive/thrive in day trading... so for those who are successful at it, much kudos!

As such, I've been studying the chart from Mid 2008 to 2009 to glean clues as to *potential* market patterns to serve as a *possible* road map.

Anyhow, from what I can infer, IMHO it looks like currently we are approximating the move around early Nov of 2008. If anyone feels like I'm way off the base, please do reply so as to help me at the least further sharpen my basis if not persuade me of a better interpretation.

Thanks!

Petsamo · Post by **Petsamo** » Mon Oct 17, 2011 11:08 am

The German DAX finally gets a big red candlestick.

soku · Post by **soku** » Mon Oct 17, 2011 11:10 am

Expect a 20% Year End Market Rally! Says JPM’s Tom Lee

http://finance.yahoo.com/blogs/breakout ... 44848.html

i think i shd get his job. i will provide my thought a little bit later

heavenskrow · Post by **heavenskrow** » Mon Oct 17, 2011 11:11 am

I have a question for all of you.
What would you do if you see this chart??

tdo722 · Post by **tdo722** » Mon Oct 17, 2011 11:12 am

tdo722 wrote:
tdo722 wrote:61.8% retracement to the recent low of ES 1185 has been reached. who's betting it's gonna turn around at 61.8%?
My god, it did turn around at 61.8%. Let's see if it follows through. Will update with eur, crude, copper

Copper is leading the rebound and so far it's in a uptrend now since 9:55AM

Dow Trader · Post by **Dow Trader** » Mon Oct 17, 2011 11:14 am

varaamo wrote:Dow,

Are these day trader support/resistance you've drawn based on pivots?

Thanks,
varaamo

No, they are based on No. of lotes ( futures contract )been traded at this area and based on the time that the index spent at this area ( this area were the batle place for short term bull/bear fight for hours and they spent monye and time to control these areas). And a smart trader can take advantage from this valuable information. I attached a screen shot live now and you can see clearly how the batle still going on at this area even Friday they fight on this area for hours and still bull try to defend it ( look at the contract value at 11444 and a couple pips around it

stucap · Post by **stucap** » Mon Oct 17, 2011 11:15 am

soku wrote:es 1203-1205 could be the first reversal area. i mean stop bleeding area.

soku--

why is 1203-1205 support? having trouble locating any reasoning on my charts...

thanks.

Dow Trader · Post by **Dow Trader** » Mon Oct 17, 2011 11:16 am

Dow Trader wrote:
varaamo wrote:Dow,

Are these day trader support/resistance you've drawn based on pivots?

Thanks,
varaamo
No, they are based on No. of lotes ( futures contract )been traded at this area and based on the time that the index spent at this area ( this area were the batle place for short term bull/bear fight for hours and they spent monye and time to control these areas). And a smart trader can take advantage from this valuable information. I attached a screen shot live now and you can see clearly how the batle still going on at this area even Friday they fight on this area for hours and still bull try to defend it ( look at the contract value at 11444 and a couple pips around it

and this is the screen shot live

varaamo · Post by **varaamo** » Mon Oct 17, 2011 11:18 am

So, are these volume profile Point of control (POC) ?

Many Thanks for sharing,
varaamo

Unique · Post by **Unique** » Mon Oct 17, 2011 11:18 am

jarbo456 wrote:
cougar wrote:AAPL is trying to break out above the octave and the Gann Square. Chart posted during the weekend.
i think it's all the retailers bidding appl up before their earnings. aapl has been sell the news type of earnings play the last few times. i may do the same here at the end of the day.

Short wednesday morning or a bit later in the week because OE on friday. Easy $$ since its at top of BB daily. Can't lose on this swing trade.

BullBear52x · Post by **BullBear52x** » Mon Oct 17, 2011 11:19 am

Eur/usd here is a lead, a turn? looks as so

Al_Dente · Post by **Al_Dente** » Mon Oct 17, 2011 11:20 am

Worst in dow: HPQ MMM TRV AA etc….. others trying 2 turn

Dow Trader · Post by **Dow Trader** » Mon Oct 17, 2011 11:20 am

varaamo wrote:So, are these volume profile Point of control (POC) ?

Many Thanks for sharing,
varaamo

If your question is for me, then the answer is yes but for scalping ( day trade only )

Post by **Cobra** » Mon Oct 17, 2011 11:21 am

juankim wrote:Hi Cobra & gang,

Been lurking for a while and learned a whole bunch so much thanks to all your collaboration/contributions. Recently registered and wanted to contribute something in hopes it may be of value to somebody else.

FYI I am more of a swing trader (days to weeks timeframe)... don't have the constitution to survive/thrive in day trading... so for those who are successful at it, much kudos!

As such, I've been studying the chart from Mid 2008 to 2009 to glean clues as to *potential* market patterns to serve as a *possible* road map.

Anyhow, from what I can infer, IMHO it looks like currently we are approximating the move around early Nov of 2008. If anyone feels like I'm way off the base, please do reply so as to help me at the least further sharpen my basis if not persuade me of a better interpretation.

Thanks!

Thanks and welcome aboard!

alvian33 · Post by **alvian33** » Mon Oct 17, 2011 11:22 am

cobra any road map for today?

you think we go a little lower than go higher for the day?

cougar · Post by **cougar** » Mon Oct 17, 2011 11:24 am

Nice drop of SPY, but it found support at 6/8...
No cigar for the bears, yet...

waverider · Post by **waverider** » Mon Oct 17, 2011 11:25 am

agnosia wrote:morning guys.. i was up at 4:30 am today... saw we were at major resistance and shorted /es 1230. i am looking to cover near 1210. good luck today ....

Money short, right on the button!

Unique · Post by **Unique** » Mon Oct 17, 2011 11:27 am

SPY looks like a huge bear flag... I wouldn't mind a 120 retest today.

BullBear52x · Post by **BullBear52x** » Mon Oct 17, 2011 11:27 am

cougar wrote:Nice drop of SPY, but it found support at 6/8...
No cigar for the bears, yet...

Thursday gap support so far held up good, but I see bear flag over it.

tdo722 · Post by **tdo722** » Mon Oct 17, 2011 11:29 am

tdo722 wrote:
tdo722 wrote:
tdo722 wrote:61.8% retracement to the recent low of ES 1185 has been reached. who's betting it's gonna turn around at 61.8%?
My god, it did turn around at 61.8%. Let's see if it follows through. Will update with eur, crude, copper
Copper is leading the rebound and so far it's in a uptrend now since 9:55AM

Crude and Eur has now joined copper in the rebound camp. Looks like SPY is also rebounding quite well. Seems heavy resistance at 1212-1213.

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10/17/2011 Intraday Watering

First post (2008 to 2011 comparison) & much thanks to all!

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Re: First post (2008 to 2011 comparison) & much thanks to al

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