10/21/2011 Intraday Watering

[BullBear52x]

SPY trades below 123.5 I will sell

[Masm]

Novice on ES but my paper trade tells me short at 1232.5 Stop HOD

[agnosia]

i got stopped out of my crude at 88 for +.50... done for today, don't like this reversal. good luck guys

[Cobra]

by the way, anyone knows why there's a free Vanilla software but there's a paid one, $149 a month? I'm trying to find a solution to integrate with the wordpress, so that you guys can have on single singnup.

[KENA]

Don't know how we can go but the 61.8 Fib is about 1265 so if we get there it would be a good area to pull back.I'm with BB52x..Day trade only.

[tdo722]

Don't know how we can go but the 61.8 Fib is about 1265 so if we get there it would be a good area to pull back.I'm with BB52x..Day trade only.

I hate daytrading because of the time limit. Not enough time to earn enough profits.

[jarbo456]

people are really pressing the EUR.

[BullBear52x]

lets play this pattern

[KENA]

Don't know how we can go but the 61.8 Fib is about 1265 so if we get there it would be a good area to pull back.I'm with BB52x..Day trade only.

I hate daytrading because of the time limit. Not enough time to earn enough profits.

Yes but the small profits add up.

[tdo722]

no i mean the risk mostly outweighs it and that's why u have to use really tight stops.

[Roadrunner]

i got stopped out of my crude at 88 for +.50... done for today, don't like this reversal. good luck guys

just closed my position now - shorting in lieu

[tdo722]

lets play this pattern

don't u wait for a trend change at least before jumping in?

[soku]

Don't know how we can go but the 61.8 Fib is about 1265 so if we get there it would be a good area to pull back.I'm with BB52x..Day trade only.

200ma is close. me thinks 1235 is high enough for es. need tyo see a pull back to 1224-1226, then decide direction there.

[waverider]

no i mean the risk mostly outweighs it and that's why u have to use really tight stops.

Wrong on the risk outweigh, more reward if one knows what he/she is doing. Correct regarding tight stops.

[BullBear52x]

Testing my luck on SSO (evil side) 45.00

Lets do it bears.

[endoal]

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

Welcome!

Bear Eye Candy. Market attempting to get back even for the year. Resistance maybe?

I am of similar thought. There is a mental magnet pulling us up to huge resistance at the neckline, the 200day and a trend line just above us.
Not much upside left in my view before we start the trend back down to the SPX 1000 level that Cobra has mentioned.
Then I think it will be Mr. TVIX's wild ride.
Plus the last two times the $USD saw the 50day move up through the 200day on the daily chart the dollar ran from mid 70's to almost 90.

[BullBear52x]

Here is SSO

[KENA]

I cannot get to excided about most eranings beating.If you remember lot of companies came out with dowward revisions 2-3 mo.ago.Now they beat there earnings on the reduced forcasts.CNBC blowes this up.

[GreedyKojiro]

by the way, anyone knows why there's a free Vanilla software but there's a paid one, $149 a month? I'm trying to find a solution to integrate with the wordpress, so that you guys can have on single singnup.

Hi Cobra, I believe the free version is for self installation on your own server (site). The paid version for forum to be hosted on their sever (they will provide supports) and you can use java script to plug it into your site.

[PhilM]

SPY is diverting a little from QQQ and RUT. SPY looks like it will have support at about 123.40 (yesterday's hight) - it crossed that point this morning. But QQQ and RUT still have to operate with resistance of yesterday's high that have not been crossed.