11/23/2011 Intraday Watering

[Cobra]

watch the reading here. May the turkey powerful enough to eliminate this. (insert evil smile here)

[alvian33]

wow, worst week for me in a very very long time, have holidays guys

[edutrader]

Charting intraday

[Klarisskin]

Where is fear? Can the market bottom without any hint of fear?

[BullBear52x]

Another no cigar for Bulls,

I would not hold longs over night with or without Turkey God!

Thanks Cobra, have the best Turkey day on this earth.

Happy Thanks Giving everyone! may your account multiply 100000000000000000000000000000000000000000X

Beer time! here's the fact charts. Bulls I tried to make a bullish case out of it just can not do it today

[taggard]

Hi Cobra,

I have been a great follower of you since last few months and I simply love the forum, your site, your daily reports and most importantly your intra-day signals.

I have made some huge losses and was put off. Since I have been following you, I have learnt the first thing advocated by you - (Survive first, if you don't make money, don't loose money) and I am happy to say though I have not made any, but more importantly I have not lost any.

Now I am starting to work on the other point you advocated - don't rush and control emotions (Not sure how long will that take!). A while back someone did a nice commentry on controlling emotions in trading.

It would have been very disrespectful to not login and say 'Happy Thanksgiving' to you and all the other Forum Memebers, who provide such an insightful commentry and charts. I wish I could rub shoulders with them one day (may be after few more thanksgiving anniversaries).

Happy Thanksgiving all and really appreciate such a selfless, hard work from you all and especially Cobra.

PS: I have registered for regular donation few days back and hope don't need to do anything after the server move. Good Luck with that.

What number on SPY will make you change your avtar

"don't rush and control emotions" (Not sure how long will that take!)

this idea about controlling emotions can lead to sorrow. consider 2 points (1) the logical mind is like a small raft in the ocean of "emotion". (2) if this doesn't appeal to you consider that most people estimate the mind you are aware of is maybe 5-10% of brain and cns function. (note the mind--a construct and brain the organ)

so if something is larger than you how do you "win" for starters you admit it--and then start to watch it's patterns. think of this like hunting. the working assumption is you cannot actually see your habits they are like the blind spot in your life. however it's possible to see the action around them--and thus by subtraction see a rough outline of the habits.

this is about as close as we get to control ourselves.

just my opinion but i would do 2-3 things--first if you are intra day trading futs read al brooks--being forced to look at 200 charts with more or less the same message will teach very quickly. second forget trading for money for a while--get money out of the picture--and focus on paper trading. get to the point where you are hitting 7 out of 10 trades in whatever timeframe or method you use. Third keep track of these trades-- prior to getting in--after you get out--and tracking what you may see as emotion pre during and after the trade.

after that scale up to tiny amounts of money--then build up slowly.

most people refuse to do this under the assumption that they are not really trading--but seals train for some time prior to going to the field and they scrape by. second you may think this is the slow way--i assure you it's much faster in the longer run.

get a clear rule set--and then look carefully at the beginning emotions and feelings can be a problem--later (usually much later) you can trade intuitively.

[Cobra]

2 bar reversal, happened on the worst ever place for bulls, maybe too early to say this, but I think the turkey is gone. no turkey...

[Miguel41070]

Bull Waiting...........up...up.

[Buckethead]

The tape feels completely controlled by the bears. I would not look for a bounce until early next week, Tuesday.

[mozart]

Cobra happy Thanksgiving to you and the rest of the board and non board members from Toronto, Canada!

[wayne0708]

2 bar reversal, happened on the worst ever place for bulls, maybe too early to say this, but I think the turkey is gone. no turkey...

Cobra: sometime turkey tastes better day after lol

[Mr. T]

Turkey was pardoned by Obama = he didn't show up to work today

[KENA]

Everyone have a good thanksgiving and all you guys in canada have a good one.I think you have some kind of holiday this weekend don't you.All you others we will see you fri.for a short one.

[Denali92]

Cobra three MDD's bad for bears?

Also, at what level in SPX would it not be a distribution day, as it looks like it will most certainly be no worse than an 85 / 15 day ie (86 % declining)

Thanks,

=D

I don't know, very strong rebound to close might bring down the NYSE down volume therefore eliminate the MDD, just hard to now how strong the rebound could do the trick.

Not going to happen now as that little flury was crushed on the close....

THANKS!

-D

[GreedyKojiro]

2 bar reversal, happened on the worst ever place for bulls, maybe too early to say this, but I think the turkey is gone. no turkey...

No good... Dark cloud cover

[mozart]

Heavy selling on Dow Jones in last 15 min., can't be good!

[Cobra]

Well, guess that's it for today, not a bad close for bulls, yes, it's bulls. thank you guys, I wish you have a happy turkey holiday and I'll see you Friday, hopefully via our new server, which is much much powerful than this one! Again, Happy Thanksgiving!

[MrMiyagi]

Gave my opinions about TNA at 35.35$ area. Back to 35$

[Buckethead]

Not sure but today may be the worst Wed prior to Thanksgiving in history.

[tdo722]

Gave my opinions about TNA at 35.35$ area. Back to 35$

Everyone should have stopped out by now with the stop loss i've given at 61.8% 1st pullback if they bought bulls.