10/21/2011 Intraday Watering

[Masm]

So, I am a novice trader. I'm trading ES mini intraday and I have developed a method that is PDG at catching turns. Although, many turns go by with out my method producing a signal. But when it does signal it's right more often than not.

I'm paper trading 95% of the time but gaining confidence...in part due to Cobra and others here. Thanks!

My problem with this method is Exits. So far, the most cautious exit gives 3-5 point (typically) but often I get out at such a poin only to watch what would have been a nice run. Still working on this part of my method.

[soku]

any thoughts on bidu?

[bonzodon]

is this a pull back now?

this market spooks me. maybe cause i am old.
anyhow. join me at Trader VIX
drink specials 50% off

Are you old with experience or just old...... looks like vix is really rising

[davros]

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.

bbpress and Simple Press and free and already integrated with wordpress, single signup

[tdo722]

Here is SSO

Okay I'm with you. Just bought 500 shares sds. where's your stop loss? day high?

[silicon_beaver]

so, game over?

every set is not timed by day, but by hour, even by min these days.

[jarbo456]

any thoughts on bidu?

lagging on downgrade from gs. but lagging pretty heavily, which i find interesting. i'm also curious as to what other people think about this.

[StrikePrice]

if this is an Ascending Triangle breakout, then WOW.

Alt count to earlier post, this one better for Bear.

I'll reserve judgment on a breakout when the blue line is taken out and market holds above it.

[janez]

Can't find any Negative Divergency on spy, and others.

[BullBear52x]

Here is SSO

Okay I'm with you. Just bought 500 shares sds. where's your stop loss? day high?

Fib 76.4%

[KENA]

any thoughts on bidu?

Hi Soku , It is ok, but I had good profit yesterday so I took it.

[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.

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.

that's great. I'll try the vanilla to see if we can have a single sign on and most importantly single register.

[HighRev]

Yeah, last week when I said that my reading was further consolidation on the SPX with an upside bias into the weekend, I was thinking last weekend, not THIS weekend.

The strength into last Friday's close surprised me. Then that move was faded hard on Monday, only to see a lower open and then more surprising strength into Tuesdays close complete with an attempted break higher that was also faded hard once again. Wednesday saw more aggressive selling bringing things down from the top of the range again. Lower open yesterday with a higher close. And more strength again today, with what until now, looks like a new break higher (currently consolidating above Tuesday's high?).

That's a couple of big fades and reversals higher (if we include week ago Wednesday, we can say 3 big fades that couldn't get traction).

[Cobra]

H2 long on EMA20, let's see.

[Al_Dente]

xhb and $sox strongest sectors all morning, now giving way
internals indicate that this may be just a pullback….. but we’ll watch nyadv like hawk
http://stockcharts.com/h-sc/ui?s=$NYDEC ... =246211365

http://www.youtube.com/watch?v=xYFhWV8--io

http://www.youtube.com/watch?v=UtgXus3eiII

[silicon_beaver]

FAS could visit 14 today. Need more imagination.

[Unique]

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.

But you can make 10% per wave, if SPY moves 0.4, you earn 10% minimum on weekly SPY option (i use ITM strikes, so if spy at 123, i buy the 122 call if I'm bullish) . Maybe you just need to learn.

[GreedyKojiro]

xhb and $sox strongest sectors all morning, now giving way
internals indicate that this may be just a pullback….. but we’ll watch nyadv like hawk
http://stockcharts.com/h-sc/ui?s=$NYDEC ... =246211365

http://www.youtube.com/watch?v=xYFhWV8--io

http://www.youtube.com/watch?v=UtgXus3eiII

I agree. 8 minutes to key time...

[HighRev]

Chart I posted a couple of days ago. http://mediacdn.disqus.com/uploads/medi ... iginal.jpg Cobra's long term S/R level matches the top of BOTH the SMALLER and LARGER ranges. http://www.cobrasmarketview.com/wp-cont ... eklyMA.png

(I also talked about the possibility of fast markets resulting from professionals fading then reversing in the video I did last weekend. http://www.youtube.com/watch?v=r0vq1YTadGs )

[Unique]

any thoughts on bidu?

Hourly rsi at 6.

3 push down. 119.6 is holding well so far.