11/30/2011 Intraday Watering

[Cobra]

this is the new target, 120.0?

right, but the daily phantom bar sometimes take very long time to fulfill, so it's not as reliable as the intraday bar.

[newbie_77]

looks like you got your wish
my first fibo trace just for you better getout of that short at the 50% retrace beside that who knows its all luck of the draw

Spike down is waht I like right now

big volume bar on 1 min ..... something must be happening.. soon...

[Al_Dente]

Double Tops: Risk/Reward zone, the logic behind it is the trap bulls from last peak is dying to get even and stay safe this time around after losing confidence from last move. after long night pray " god please if I got my money back this time I will never touch it again" mentality

Cool, thanks SLV has that big old gap of 11/16 that it couldn’t fill today… on third try….It’s now in the “Bermuda Triangle” zone

I can understand the need of silver and copper, gold? I never understand the logic in trading it. me no metal guy.

we need all bright and shiny things
http://stockcharts.com/h-sc/ui?s=FCX&p= ... =249206436

[MrMiyagi]

Special request here to all chart posters; Can you please use a white background?

Thanks.

[viewer]

this is the new target, 120.0?

right, but the daily phantom bar sometimes take very long time to fulfill, so it's not as reliable as the intraday bar.

Why it is not shown on the none of the 60m, 15m, and 5m chart?



PS. I'll sign up tonight.

[Al_Dente]

I did not draw this chart for you guys, but for me. That's why it's a real mess. Shows my tests of the 1240 area, shows that 1240 sure is a pivot. Means that it's unlikely SPX keeps up its vertical trajectory here. Pause, sideways move, dip, whatever. Bye guys, I need some food.

dd.png

Hey that Kandinsky has a rising wedge on the right hand side, doesn't it? Definitely looks bearish!

[CMT]

off topic, but, anyone have any idea where mortgage rates in the US will be heading? Trying to figure out if it's time to refi or not.

Thanks!

Lower, I'd wait. If you believe this market is going to crash and US bonds are the safe haven still... then a sweet rate is in your future. I've placed the same bet on my 5% mortgage

[taggard]

master cobra,
you sound emotional. you are expecting ....

so far i have learned following since i joined this board and started following master cobra... which was not very long ago:
1. i learned to control emotional based trading
2. stopped front-running
3. follow the trend and get out when you have made small gains ... don't be greedy.
4. what goes up must come down and when it comes down it does bounce up again

nothing to say, this really is a nice market, simply gap up every day and do nothing. I expect today to be different though because the 3rd time is the charm.

you may eventually want to examine the part about "made small gains". my worst problem is not staying in trades that are working well. the difference in performance over time is huge--if you stick with the trades that work. interestingly you note that you stopped front running (good work) but in a sense "get out when you have small gains" is also "front running". in both cases an assumption is made about the future that controls current action.

the question i have for myself is why am i not letting the market stop me out more on a good trend? Frankly i think this is not rational on my part as the evidence demonstrates otherwise. so the idea is to slowly stretch out the moves. not suggesting rash action just slowly doing this. my data shows i often leave 50% of the trade on the table--the trades often work since they are extended away from the trend at exit (good) but miss the really profitable 2nd part of the trade (bad).

[Cobra]

this is the new target, 120.0?

right, but the daily phantom bar sometimes take very long time to fulfill, so it's not as reliable as the intraday bar.

Why it is not shown on the none of the 60m, 15m, and 5m chart?



PS. I'll sign up tonight.

Thanks for the PS.

I don't know, sometimes the phantom just doesn't show on intraday chart and in this case the phantom is not as reliable. It's just my observation.

[Me XMan]

My stop loss is $124.55
BTW, BO is on the tube drumming for his jobs bill.

looks like you got your wish
my first fibo trace just for you better getout of that short at the 50% retrace beside that who knows its all luck of the draw

Spike down is waht I like right now

big volume bar on 1 min ..... something must be happening.. soon...

[Apple]

Tip-toe tvix @ 46.13, leap @ 44.8 to 45.4

[knock]

where are trader vix gang? we need your voice.

[newbie_77]

hello taggard,
thank you. what you said is very true.
i bought SPXU for 13.90 on 11.15 but exited on 11.17 when it reached 15.30 .. had i waited couple more days could have sold for 17+ basically gave more than 50% .. which is basically what's happening to me

master cobra,
you sound emotional. you are expecting ....

so far i have learned following since i joined this board and started following master cobra... which was not very long ago:
1. i learned to control emotional based trading
2. stopped front-running
3. follow the trend and get out when you have made small gains ... don't be greedy.
4. what goes up must come down and when it comes down it does bounce up again

nothing to say, this really is a nice market, simply gap up every day and do nothing. I expect today to be different though because the 3rd time is the charm.

you may eventually want to examine the part about "made small gains". my worst problem is not staying in trades that are working well. the difference in performance over time is huge--if you stick with the trades that work. interestingly you note that you stopped front running (good work) but in a sense "get out when you have small gains" is also "front running". in both cases an assumption is made about the future that controls current action.

the question i have for myself is why am i not letting the market stop me out more on a good trend? Frankly i think this is not rational on my part as the evidence demonstrates otherwise. so the idea is to slowly stretch out the moves. not suggesting rash action just slowly doing this. my data shows i often leave 50% of the trade on the table--the trades often work since they are extended away from the trend at exit (good) but miss the really profitable 2nd part of the trade (bad).

[MrMiyagi]

Sold my SLW holdings, I am sure it will go higher but I have already booked a decent profit on it.

[BullBear52x]

XLP stand out the most today.

[newbie_77]

volume surge and biggest bar. there has to be some pullback or consolidation. [ i also learned this from master cobra ]

[Cobra]

good, finally picks up some strength, but bulls need a decisive breakout.

[Petsamo]

XLP stand out the most today.

Are you kidding? XLP is up only 1.96%

[HighRev]

SPX Monthly Provisional

[BullBear52x]

XLP stand out the most today.

Are you kidding? XLP is up only 1.96%

TA internals side of thing I meant.