10/21/2011 Intraday Watering

wayne0708 · Post by **wayne0708** » Fri Oct 21, 2011 10:17 am

ES futures is about to breakout? should cover soon

Michelle · Post by **Michelle** » Fri Oct 21, 2011 10:17 am

Did I just hear that Ben B. is going to buy all the bad loans from the banks?

BullBear52x · Post by **BullBear52x** » Fri Oct 21, 2011 10:18 am

IWM, short term is very bullish.

HappyFriday · Post by **HappyFriday** » Fri Oct 21, 2011 10:18 am

Cobra wrote:
wayne0708 wrote:Cobra:
Is this a decisive break out or wait after consolidation for confirmation?
you saw breakout?

Clearly S&P is breakout today, and it wants to go higher.

Cobra, because of your Volkswagen ad, I just bought a Brand new 2012 Volkswagen Jetta for my wife. It is powerful ! Thank you Cobra !

bonzodon · Post by **bonzodon** » Fri Oct 21, 2011 10:19 am

CognitiveDissonance wrote:
bonzodon wrote:I am trapped in TVIX half in and started loosing some. Wish the market to return back in the range to break even.
What are the chances it might decline. Is midday reversal possible? Any suggestion would be helpful from active TVIX traders.
Going to be very volatile today, hard to say. I got out yesterday. Technicals on tvix are bearish throughout October, except for the last couple days and the vix continues to go lower. Check the daily chart for tvix, continued lower lows.

I am looking for a small pull back and would be out with a small loss, not comfortable to keep it over the weekend.
Though there is always a chance of a bad news over the weekend; the market would fall like anything. Just a guess

Post by **Cobra** » Fri Oct 21, 2011 10:19 am

well, here comes the breakout, seems powerful. tinted area is the OR breakout target. 75% chances.

agnosia · Post by **agnosia** » Fri Oct 21, 2011 10:20 am

so right now crude is waiting for the 10/20 ema on the 15min chart to catch up. we'll probably trade down to the 20ema on the 5min chart. if we are indeed headed higher today you want to see crude tough the 10ema on the 15min and quickly move higher. so another good entry today would be at the 10ema on the 15min chart with a very tight stop. great risk/reward.

KENA · Post by **KENA** » Fri Oct 21, 2011 10:21 am

No need to say what indexes that I follow are up..They are all up..But now watch for a change..If we cannot break more up, then lets see.

seekingknowledge · Post by **seekingknowledge** » Fri Oct 21, 2011 10:22 am

agnosia wrote:
Roadrunner wrote:
what is your experience on the 10/20 ema? do you get whipsawed allot on the 5min? do you look at 3 min and/or 15 min? would you not choose 13/34?
cheers
on breakouts like today the 10/20 ema work great. another good entry today would have been at 87.80 with stop of .05 cents, right at the 10ema.

on range days these ema's work well in the morning but then i use the 10/20 ema's on the 15min chart and 10/20/60 ema's on the hourly. i've had great experiences with these ema's for crude over a two year period. not tried the 13/34.

also all of my trades are based off the big picture daily chart.

Totally agree with your approach, Agnosia! I do the exact same using the same ema's. FYI ... I use the 3-minute lately. This is working better for me than the 5-minute. I then pay real close attention to the MACD right after I make entry. I'll draw trend line under them so I can clearly see their direction. Here is a print screen of my entry yesterday on TNA at 38.38 with notes of why I entered. This is for newbies (not you, as I know you likely do exact same thing). You'll also see where I was drawing the trend-lines underneath the MACD.

ddd · Post by **ddd** » Fri Oct 21, 2011 10:24 am

UVOL : DVOL increases since open, stood at >12 now. With SPX gap open followed by a breaking out, it's likely to be a trending day.

Al_Dente · Post by **Al_Dente** » Fri Oct 21, 2011 10:24 am

DIS TRV HD… CAT HPQ DD CVX…PFE etc squeeze at the moment….
To read later….
GS gets award 4 blowing it outta their arse
http://www.zerohedge.com/news/goldman-s ... four-years

http://www.youtube.com/watch?v=kHD5nd3Q ... re=related

http://www.youtube.com/watch?v=bcrEqIpi6sg

stockcycle · Post by **stockcycle** » Fri Oct 21, 2011 10:25 am

stockcycle wrote:As SPX hit the resistance 1235. We must be prepared for some pullback.

No pullback so far! Just some hesitation and it got a breakout. Bull is so so strong!

Post by **Cobra** » Fri Oct 21, 2011 10:28 am

key time, almost at the 3rd push up target.

agnosia · Post by **agnosia** » Fri Oct 21, 2011 10:30 am

seekingknowledge wrote: Totally agree with your approach, Agnosia! I do the exact same using the same ema's. FYI ... I use the 3-minute lately. This is working better for me than the 5-minute. I then pay real close attention to the MACD right after I make entry. I'll draw trend line under them so I can clearly see their direction. Here is a print screen of my entry yesterday on TNA at 38.38 with notes of why I entered. This is for newbies (not you, as I know you likely do exact same thing). You'll also see where I was drawing the trend-lines underneath the MACD.
EXAMPLE TO GO LONG.png

nice chart/system seekingknowledge, i will have a look at the 3min chart as well. always open to new ideas. i like to use rsi instead of macd .. but i do the same thing

Vaamsy · Post by **Vaamsy** » Fri Oct 21, 2011 10:31 am

This is the top guys, and its my first comment on this site

Post by **Cobra** » Fri Oct 21, 2011 10:31 am

HappyFriday wrote:
Cobra wrote:
wayne0708 wrote:Cobra:
Is this a decisive break out or wait after consolidation for confirmation?
you saw breakout?
Clearly S&P is breakout today, and it wants to go higher.

Cobra, because of your Volkswagen ad, I just bought a Brand new 2012 Volkswagen Jetta for my wife. It is powerful ! Thank you Cobra !

hey where is my Volkswagen?

Unique · Post by **Unique** » Fri Oct 21, 2011 10:31 am

125..hurry up bulls!!! I need dinner money

Personally, I dont like 5min RSI being so high..but chart pattern> indicators for now..

Post by **Cobra** » Fri Oct 21, 2011 10:32 am

Vaamsy wrote:This is the top guys, and its my first comment on this site

Thanks and welcome aboard!

seekingknowledge · Post by **seekingknowledge** » Fri Oct 21, 2011 10:32 am

agnosia wrote:
seekingknowledge wrote: Totally agree with your approach, Agnosia! I do the exact same using the same ema's. FYI ... I use the 3-minute lately. This is working better for me than the 5-minute. I then pay real close attention to the MACD right after I make entry. I'll draw trend line under them so I can clearly see their direction. Here is a print screen of my entry yesterday on TNA at 38.38 with notes of why I entered. This is for newbies (not you, as I know you likely do exact same thing). You'll also see where I was drawing the trend-lines underneath the MACD.
EXAMPLE TO GO LONG.png
nice chart/system seekingknowledge, i will have a look at the 3min chart as well. always open to new ideas. i like to use rsi instead of macd .. but i do the same thing

Thanks, Agnosia! Good luck to you ... and to all! Thanks, Cobra, for YOU and your site!

99er · Post by **99er** » Fri Oct 21, 2011 10:33 am

Updates

Copper http://99ercharts.blogspot.com/2011/10/copper_21.html
Crude http://99ercharts.blogspot.com/2011/10/crude_21.html
30-Year http://99ercharts.blogspot.com/2011/10/30y_21.html

Cobra's Market View

Back to www.cobrasmarketview.com

10/21/2011 Intraday Watering

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