11/11/2011 Intraday Watering

[SB73]

Update:

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this market is really interesting. when you bet on the long side, don't think, just buy and if you have a predetermined target, well, not good enough, just double that target. when you bet on the short side, be scary very very scary, and run as soon as you can, and if you have a predetermined target, well, cut it half, and still be prepared to run as soon as possible.

Which is why most of us ended up catching very little of the July / August dump.

[99er]

Update

EURUSD http://99ercharts.blogspot.com/2011/11/eurusd_5096.html

[Petsamo]

Maybe we have a double top

[Cobra]

key time. hold your breath! and pray of course!

[99er]

Update

ES http://99ercharts.blogspot.com/2011/11/es_8276.html

[cougar]

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!

Cougar, u are funny today (bear trap rockies etc), u must be flat, BTW do u usually have fingernails-on-chalkboard volume on or off CNBC/Bloom?

Pre market Betty Bloomberg said the Mac Rib is the new commodities indicator. Bberg reporters then started eating mac ribs for “research”.
Oy, here’s what I reverted to….and if you don’t like this one… you just don’t deserve ears… http://www.youtube.com/watch?v=_mVW8tgGY_w

No…actually I am not flat! I am hedged with a bunch of spreads in both directions…I sold (to open) lots of Nov 19 calls and puts…and I am a nervous wreck! That’s why I joke …probably too much…
Yes, my CNBC vol. is very low ! Betty is 1111x better to watch than fat “Jo-Jo Corny“…

[SB73]

Look at the size of the candles in a downtrend vs and uptrend. I know many of you really like to short, but playing the long side definetly shows its hand slower than the short side. You almost have to be perfect to get out of the short side on time.

[Dow Trader]

Euro going down but not that fast, down more than 50 pips from the high so far

[Petsamo]

KBE is getting dumped (bank ETF).

No one tell RIMM what direction is down!

[Cobra]

no breakout, let's wait. tinted area are the target for breakout on either side.

[jiufeite]

no breakout, let's wait. tinted area are the target for breakout on either side.

Hey, Cobra. I see you use a lot of "target". How do you calculate that target?

[uempel]

Update:

[99er]

So honey...what's for lunch?
YM http://99ercharts.blogspot.com/2011/11/ym_11.html

Baloney. Pure and simple.

[Dow Trader]

Euro update

[pady]

How do folks here trade oil ? For long, I buy UCO. But I cant short UCO ( fidelity doesnt allow ). Buy DDG ??

[stlwater]

Interesting, no?

[jiufeite]

How do folks here trade oil ? For long, I buy UCO. But I cant short UCO ( fidelity doesnt allow ). Buy DDG ??

You can buy SCO.

[uempel]

Taggard, check Brett's website, you'll find all the psycho info there.

http://www.brettsteenbarger.com/articles.htm

[Al_Dente]

Finally, someone with longer posts than mine… welcome Taggard

“You can know the name of a bird in all the languages of the world, but when you're finished, you'll know absolutely nothing whatever about the bird... So let's look at the bird ITSELF and see what it's doing -- that's what counts.” [Richard Feynman, Nobel laureate, Physics]

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

[Grizzly]

Interestingly. my Price Oscillator has been bearish since 11:00 but the 5min %R(50) has stayed above -20%.
They usually move together.