02/17/2011 Intraday Watering

Post by **Cobra** » Thu Feb 17, 2011 4:02 pm

I'm tightening my stop loss. Don't wanna bet against uempel...

Travelfrog · Post by **Travelfrog** » Thu Feb 17, 2011 4:03 pm

KoolBlue

Is that a linear regression channel you use?

If so, how do you cope with repaint?

I use a Hurst channel over a Donchian channel to determine trend, and impending trend change.

wxtrader001 · Post by **wxtrader001** » Thu Feb 17, 2011 4:05 pm

Cobra wrote:OK, now let's see how the market retest the high. A failure may mean bear's best chance for the day.

why?Three leg up right?

Post by **Cobra** » Thu Feb 17, 2011 4:07 pm

wxtrader001 wrote:
Cobra wrote:OK, now let's see how the market retest the high. A failure may mean bear's best chance for the day.
why?Three leg up right?

3 push up, first pullback (could be failed one) now could be back test the previous high. Anything like this, there's a chance for reversal, I'm fat for today, don't want to bet against all good traders here...

koolblue · Post by **koolblue** » Thu Feb 17, 2011 4:13 pm

Travelfrog wrote:KoolBlue

Is that a linear regression channel you use?

If so, how do you cope with repaint?

I use a Hurst channel over a Donchian channel to determine trend, and impending trend change.

iTS A POLYNOMIAL REGRESSION CHANNEL which i find superior to Keltner, Hurst ,or Boll. bands. Especially when it lines up with my price projections!

99er · Post by **99er** » Thu Feb 17, 2011 4:14 pm

"I'm fat for today..."

Lucky you...I'm fat every day.

wxtrader001 · Post by **wxtrader001** » Thu Feb 17, 2011 4:14 pm

hehe, thank you ! You are so brave to buy open ! Hope a fail down quickly before close!

Post by **Cobra** » Thu Feb 17, 2011 4:15 pm

If you read the chart this way, it's actually not that bearish, a B&B (base and breakout) trader may think this is a nice breakout setup...

jwishbone · Post by **jwishbone** » Thu Feb 17, 2011 4:16 pm

Cobra wrote:
wxtrader001 wrote:
Cobra wrote:OK, now let's see how the market retest the high. A failure may mean bear's best chance for the day.
why?Three leg up right?
3 push up, first pullback (could be failed one) now could be back test the previous high. Anything like this, there's a chance for reversal, I'm fat for today, don't want to bet against all good traders here...

Haha, Cobra is fat today!!!!

uempel · Post by **uempel** » Thu Feb 17, 2011 4:16 pm

shumushu wrote:
uempel wrote:I added shorts at 1340, the top of my short term Andrew's Fork:

http://stockcharts.com/h-sc/ui?s=$SPX&p ... &listNum=3
Is this for a swing or day?

PS: I also shorted the nasdaq again when it dropped back down.

Swing.

Post by **Cobra** » Thu Feb 17, 2011 4:19 pm

Well, I hope this forces the double bar reversal bear to cover, I'll then sell into the strength, yeah, my little evil plan again.

Post by **Cobra** » Thu Feb 17, 2011 4:22 pm

jwishbone wrote:Haha, Cobra is fat today!!!!

Actually, I implied the trade today (yesterday, by the way, I did the same thing, the 30 min OR breakout, remember?) http://www.cobrasmarketview.com/viewtop ... rt=20#p360

Post by **Cobra** » Thu Feb 17, 2011 4:23 pm

Critical time, those double reversal bar bar scared?

koolblue · Post by **koolblue** » Thu Feb 17, 2011 4:25 pm

koolblue wrote:
koolblue wrote:
koolblue wrote:Good morning! looking to buy 1334.75, for a move to 1339-41...
...MISSED IT BY 2 TICKS!
...Binbo!!! ( looking for a short scalp at 1340.25-75 now.. refer to earlier chart)

one min initial move was 1339.75 to 1328.75 which had a 2.618 projection of 1327.25. My order was to buy that price... note the 5 min lower band was at 1327.30 giving good confirmation... once again Mr. market thwarted me by one tick! too late in the day for me now ..GOOD TRADING ALL!

Post by **Cobra** » Thu Feb 17, 2011 4:26 pm

Yes, the trend is your friend... A failed double reversal should send bears running for cover...

Travelfrog · Post by **Travelfrog** » Thu Feb 17, 2011 4:27 pm

Cobra,

What is the preferred image pixel size for upload, as it isn't stated in the upload info?

Would make the charts to display better. I just used 1200x800 but it doesn't look good.

shumushu · Post by **shumushu** » Thu Feb 17, 2011 4:27 pm

Cobra wrote:Well, I hope this forces the double bar reversal bear to cover, I'll then sell into the strength, yeah, my little evil plan again.

Hahah cobra, is this based on your tomorrow's weak seasonality before pres day?

Post by **Cobra** » Thu Feb 17, 2011 4:32 pm

Travelfrog wrote:Cobra,

What is the preferred image pixel size for upload, as it isn't stated in the upload info?

Would make the charts to display better. I just used 1200x800 but it doesn't look good.

any chart wider than 640, the web willl create a thumbnail, you click the thumbnail, you'll see the full image, so doesn't matter.

Post by **Cobra** » Thu Feb 17, 2011 4:33 pm

shumushu wrote:
Cobra wrote:Well, I hope this forces the double bar reversal bear to cover, I'll then sell into the strength, yeah, my little evil plan again.
Hahah cobra, is this based on your tomorrow's weak seasonality before pres day?

The true reason is I really don't want to bet against Uempel. He seems pretty sure this time...

verve$ · Post by **verve$** » Thu Feb 17, 2011 4:33 pm

Mraket will close at 1341. Barnake just called me a while ago.....

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02/17/2011 Intraday Watering

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