10/27/2011 Intraday Watering

[Rezito]

I think many people still confuse this board when we post BUY/SELL. time frames were so wide from 1 min. to an hour. and the other were day to month. let use Cobra standard 5min. or my 1 min. heehee.

Man, you used RSI 5 on the daly and had a bearish divergence. I almost fell for that but then I changed it to original RSI 14 for the daily chart and that bearish divergence went a way. Otherwise I would have did the unthinkable and loaded heavy short.

I know, who doesn't fall for yesterday candle also? they are out to get the smartest guy on the street, so be dumb, as dumb as you can be here is my 1min standard price pay intraday don't sell unless it trade lower on my money line.

spy.JPG

Looks like a cup and handle in the forming.

[Cobra]

to the MOON. -_-

this market is busting a nut as if it's christmas two months early!

sorry for my "nuisance" chatter. i didn't even open my trading platform today because i knew i would be too emotional about this ridiculous gap up today.

sometimes the best trading is done when you avoid doing it!

hmm, that's a good way.

[frankthetank]

I'm sorry but for this market not to have a retractment is very unhealthy > How much higher can we go without having a retracement?

[tdo722]

Anyone catching the divergence? I'm seeing it all over the place. Here's one chart for kicks - notes on macd.

there's no bearish divergence. stick with default values and compares with your adjusted values. if both shows bearish divergence then yes we got a game plan. if both does not then we don't.

[agnosia]

gap nearly filled.. price has memory.i think this is a good place to take profits.

[waverider]

to the MOON. -_-

sometimes the best trading is done when you avoid doing it!

Perhaps, just don't let a bad trade make you lose confidence.

[BullBear52x]

I think many people still confuse this board when we post BUY/SELL. time frames were so wide from 1 min. to an hour. and the other were day to month. let use Cobra standard 5min. or my 1 min. heehee.

Man, you used RSI 5 on the daly and had a bearish divergence. I almost fell for that but then I changed it to original RSI 14 for the daily chart and that bearish divergence went a way. Otherwise I would have did the unthinkable and loaded heavy short.

I know, who doesn't fall for yesterday candle also? they are out to get the smartest guy on the street, so be dumb, as dumb as you can be here is my 1min standard price pay intraday don't sell unless it trade lower on my money line.

The attachment spy.JPG is no longer available

[/quote]

Looks like a cup and handle in the forming.[/quote]
is this what you are seeing?

[99er]

EURUSD
http://99ercharts.blogspot.com/2011/10/eurusd_4575.html

Ground Control to Major Tom...

[Al_Dente]

Oy, malloy, basic materials up +6.6%, best index on my narrow board ($djusbm)

[Be4chst]

Day trading/Swing trading aside, do you guy think we will penetrate October 4th low? If so, in what time frame? Just for fun!

[Petsamo]

We have sellers!

[noob]

cobra, you still think todays gain will be evaporated in few days, sorry to ask if someone already asked this, thanks

Yes, at least retreat partial, assume the NYMO reading is very extreme after close. If however NYMO doesn't move a bit, then the argument is no valid.

Thanks! Will Cobra hold short position overnight for the first time in 2 weeks?

[jarbo456]

just a quick tidbit to think about.

many, MANY people predicted a 1300 handle close to the year.

we are now entering the most bullish period in the year less than 15 points away from the 1300 handle. we are on a 200 point rally in october, a less than bullish month usually speaking.

can we get predictions for the year end close? maybe a poll cobra?

if we have truly teleported to the moon (much less gravity), and this rallies continues on said course supported by the bullish seasonality, window dressing, and mutual funds "chasing" performance. we have to consider the possibility that we'll see equally bullish returns in nov. and dec. (say 100 points a piece). martian prediction is we see mid-1400's at the end of the year! that brings us to 2007 levels!

[tdo722]

uempel, would you help me with the values of bb for 30min chart? Can I use 13? Thank you.

[trader0303]

looks like they are gunning for the /es 1282.75 gap from long long ago

Great call Agnosia --- I owe you a beer

[waverider]

EURUSD
http://99ercharts.blogspot.com/2011/10/eurusd_4575.html

Ground Control to Major Tom...

This is major tom to ground control

https://www.youtube.com/watch?v=HNuSD49 ... re=related

[Cobra]

cobra, you still think todays gain will be evaporated in few days, sorry to ask if someone already asked this, thanks

Yes, at least retreat partial, assume the NYMO reading is very extreme after close. If however NYMO doesn't move a bit, then the argument is no valid.

Thanks! Will Cobra hold short position overnight for the first time in 2 weeks?

I never report my counter trend trade which is very very rare, so don't bet.

[99er]

ES
http://99ercharts.blogspot.com/2011/10/es_4535.html

Can you hear me Major Tom?

[hdenandy]

SPX up exactly 20% in 18 sessions.

Is this a record ???

[Cobra]

just a quick tidbit to think about.

many, MANY people predicted a 1300 handle close to the year.

we are now entering the most bullish period in the year less than 15 points away from the 1300 handle. we are on a 200 point rally in october, a less than bullish month usually speaking.

can we get predictions for the year end close? maybe a poll cobra?

if we have truly teleported to the moon (much less gravity), and this rallies continues on said course supported by the bullish seasonality, window dressing, and mutual funds "chasing" performance. we have to consider the possibility that we'll see equally bullish returns in nov. and dec. (say 100 points a piece). martian prediction is we see mid-1400's at the end of the year! that brings us to 2007 levels!

you can start a poll yourself, very easy.