11/11/2011 Intraday Watering

[zipper]

this kind of consolidation is bullish.

Dont know but what I am looking at the bear case is starting to strengthen more and more...
Time will tell .my stops at 1271 with target at 1233. 1263 short... all trades are closed Monday time

[MrMiyagi]

Out of AAPL. Small profit but possibility of it going to 365$ is there.
Now it will run to 395$, of course...

Asshole AAPL.. you had to save your rise for later huh?

[rhight]

Here is one of my incredibly busy charts. Please excuse. The important things to note are that the prior high at 1277 was turned at the 78.6% retrace of the prior swing low, and now we are testing the 78.6% retrace (1267) of the next prior swing, at the same time that we back testing a trend line from the 10/4 low. Support on the 5 week decelerated TL (or neckline of a possible complex H&S pattern?) Taking a gamble for the next 60 min. swing low with a short at 1267, although the high of this swing up may not be in yet. Stop above 1277.

love your T/A but still better than 50/50. I'd rate your about 65% chance winning rate.

Thank you, my TA is great, in my very humble opinion of course, but my trading absolutely sucks. There you go, that's the bottom line. Now, I must begin following my rules, tomorrow, for sure, I promise.

[Cobra]

after nearly 3 hours, finally the price touches the EMA20. Let's see if any buy setup here.

[soku]

this kind of consolidation is bullish.

it is very bullish. oversold were gone w/o price dent. i don't expect sudden drop now but it still has top sign. i doubt i it could go anything higher

[99er]

RUT
http://99ercharts.blogspot.com/2011/11/rut_9974.html

A Gartley morphed into a Bat at work.

[jarbo456]

all this doubt that the price can go higher is a sure sign we're ramping to 1276/78 by the end of the day.

[Mr. BachNut]

Random observation: We've had a rising VIX along with the rising market this morning. Divergence.

[Cobra]

Random observation: We've had a rising VIX along with the rising market this morning. Divergence.

yes, I've noticed that, very interesting.

[rhight]

Well, everyone knows I'm purely TA and it does work. Tradings on the other hand is different because besides TA, there's a more difficult part which is EMOTION. I still cannot put my emotion away and that's why I'm still poor.

On this site as well as most others there is epic focus on such things as "targets" "news" and "statistics" and very little focus on the inner trader. This is is too bad and causes a lot of suffering for many new and older traders.

Thanks, and welcome aboard! I'm really glad you did pay attention to what I posted.

And I agree with you. Emotion is a very important fact in trading and rarely we talk about here and I believe somewhere else as well.

"Trading in the Zone" by Mark Douglas helped me with my perspective. It is all about the mental game.

[Al_Dente]

Internals
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =247748592

[Richarab]

Random observation: We've had a rising VIX along with the rising market this morning. Divergence.

yes, I've noticed that, very interesting.

yes. Trader Vix continues to have massive support at $50ish...

[ddd]

I'm convinced that today's action is largely driven by the huge EUR short covering.

[quatzl]

SPY, support at $126, but I see $125 as a magnet.

[jarbo456]

is there a HUGE C&P forming on the EUR/USD?

much nicer looking on the hourly...but could be an even larger one on the dailies.

anyone want to confirm the pattern?

[cougar]

Well, everyone knows I'm purely TA and it does work. Tradings on the other hand is different because besides TA, there's a more difficult part which is EMOTION. I still cannot put my emotion away and that's why I'm still poor.

On this site as well as most others there is epic focus on such things as "targets" "news" and "statistics" and very little focus on the inner trader. This is is too bad and causes a lot of suffering for many new and older traders.

Thanks, and welcome aboard! I'm really glad you did pay attention to what I posted.

And I agree with you. Emotion is a very important fact in trading and rarely we talk about here and I believe somewhere else as well.

"Trading in the Zone" by Mark Douglas helped me with my perspective. It is all about the mental game.

Yes, "Trading in the Zone" is good..
I’ll tell you my solution:
When I watch CNBC or Bloomberg, during trading hours, in front of the TV I put a thick corrugated glass screen and I have handy a bunch of small sand-filled balloons. Destination: “talking heads”! Cools me alright!

[tdo722]

Here is one of my incredibly busy charts. Please excuse. The important things to note are that the prior high at 1277 was turned at the 78.6% retrace of the prior swing low, and now we are testing the 78.6% retrace (1267) of the next prior swing, at the same time that we back testing a trend line from the 10/4 low. Support on the 5 week decelerated TL (or neckline of a possible complex H&S pattern?) Taking a gamble for the next 60 min. swing low with a short at 1267, although the high of this swing up may not be in yet. Stop above 1277.

love your T/A but still better than 50/50. I'd rate your about 65% chance winning rate.

Thank you, my TA is great, in my very humble opinion of course, but my trading absolutely sucks. There you go, that's the bottom line. Now, I must begin following my rules, tomorrow, for sure, I promise.

I just down 1000 shares of SPXU. small bet. stop loss slightly at the top of the triangle. Will hold over the weekend.

[taggard]

Well, everyone knows I'm purely TA and it does work. Tradings on the other hand is different because besides TA, there's a more difficult part which is EMOTION. I still cannot put my emotion away and that's why I'm still poor.

On this site as well as most others there is epic focus on such things as "targets" "news" and "statistics" and very little focus on the inner trader. This is is too bad and causes a lot of suffering for many new and older traders.

Thanks, and welcome aboard! I'm really glad you did pay attention to what I posted.

And I agree with you. Emotion is a very important fact in trading and rarely we talk about here and I believe somewhere else as well.

"Trading in the Zone" by Mark Douglas helped me with my perspective. It is all about the mental game.

have you tried keeping a record of your mental states on each trade? after 30-90 trades patterns sort of leap out. i try to track this on excel in one long text line and then track quality of entries and exits. really long stuff goes in a journal along with data on quality and timing of entries and exits. then i save each day on a 5 min chart--this allows going back over time and checking perceptions and actions.

[Al_Dente]

Data: nyadv still 2522
Al’s Kool aid: Scalper intraday sell signal on spy, needs to be confirmed by action here at vwap
5min chart http://stockcharts.com/h-sc/ui?s=$NYDEC ... =246211365

[trust_yr_instinct]

an interesting chart. just sharing what i see

Nice, SOKU!

2nd that.

Louise Yamada ( excellent technincal analyst ) commented about the SAME pattern you see here, and expects that 2012 could play out as 2008 did?? hmmmmm