12/01/2011 Intraday Watering

[newbie_77]

not everything master cobra. i am just a good student. i try to learn from the best.

master cobra,
3rd time is a charm we have to go up ... ... till tuesday.. then it will be 7 days up and we start our leg down right?

indeed it's up, now watch blue line, another failure there would not be fun anymore.

, hey, you know everything now,

[KENA]

I think the mkt may be in trouble..We can't break yesterdays hi or todays hi but we have 25 min to go so lets see.

[tdo722]

Try one more time. Sell-stop at $124.80.

indeed it's up, now watch blue line, another failure there would not be fun anymore.

In a bear trend, assume bearish outcome. In a bull trend, assume bullish outcome.

I learned that somewhere but I cannot remember where.

[Me XMan]

Try one more time. Sell-stop at $124.80. Buy-stop $125.40
Gonna cover both ends. Break down and break up.

Try one more time. Sell-stop at $124.80.

indeed it's up, now watch blue line, another failure there would not be fun anymore.

In a bear trend, assume bearish outcome. In a bull trend, assume bullish outcome.

I learned that somewhere but I cannot remember where.

[SB73]

Try one more time. Sell-stop at $124.80.

indeed it's up, now watch blue line, another failure there would not be fun anymore.

In a bear trend, assume bearish outcome. In a bull trend, assume bullish outcome.

I learned that somewhere but I cannot remember where.

Are we in Bear Trend or Bull Trend? 6 straight down followed by 4 straight up????? I am with Dow Trader on this one which is scalp until a real trend is identified then get on board and use TA for setups.

[tdo722]

Try one more time. Sell-stop at $124.80. Buy-stop $125.40
Gonna cover both ends. Break down and break up.

Try one more time. Sell-stop at $124.80.

indeed it's up, now watch blue line, another failure there would not be fun anymore.

In a bear trend, assume bearish outcome. In a bull trend, assume bullish outcome.

I learned that somewhere but I cannot remember where.

I made up my mind seeing the rise from $124.47 to $125.34. That don't look like hi/low overlapping price action.

[KENA]

Anyone belive we may be starting the 5th wave dn..Right now it is looking like it.

[BullBear52x]

below yellow line, under 38.2% fib fan line, if it's not the turn I don't know what is love it

[cougar]

hello cougar,
if you donot mind me asking. do you construct these spread at the same time or you take certain position and build the spread later dates?

Yo Baron von SantaBB52x: real dudes don’t “go shopping”
http://www.youtube.com/watch?v=ewx0kWCp ... re=related

they do however need frequent updates on chop days
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =245360380

Great, Al!
Today was a day-traders’ paradise!

I used the UPRO 1 min chart, not to day trade, but to slowly construct a new time spread:
Long SPY Dec 17 puts
Short SPY Dec 09 puts

UPRO update:

you're long SPY DEC 117 puts?
short SPY DEC 109 puts?

a bearish debit of .50?

NO!I am afraid my previous post was incomplete!
I bought SPY125 Dec 17 puts
...and:
I sold (to open) SPY125 Dec O9 puts
…where Dec 17 and Dec 09 are the expiration dates and 125 is the strike (for both legs)
That makes it a time spread.

Progressively! That is the whole trick: to buy cheap and sell expensive.
If you construct a “Put Spread” you buy where the puts are cheap (i.e. close to your charted tops) and sell (to open) the short arm when those puts are expensive (i.e. close to your charted lows of the day).
You can do that in several rounds, during the day, when the price oscillates.
Ideally, at the end of the day both arms should be in the green! From then on, if it is a “time spread” the fast decay of the short position will work in your favor!

[Tabby]

99er said to call the Dr. yesterday. Nobody did!!!!!!!!!!!!!!!He diagnosed right.

Where is he? I need his Gold update

He is ski jum[ing somewhere. Stashing all his freshly printed $500 and $1000 USD.

[CMT]

Anyone belive we may be starting the 5th wave dn..Right now it is looking like it.

I'm a believer, it would play out to perfectly but that of course scares me as well... at least not to many people are talking about it!

[newbie_77]

thank you very much.

Progressively! That is the whole trick: to buy cheap and sell expensive.
If you construct a “Put Spread” you buy where the puts are cheap (i.e. close to your charted tops) and sell (to open) the short arm when those puts are expensive (i.e. close to your charted lows of the day).
You can do that in several rounds, during the day, when the price oscillates.
Ideally, at the end of the day both arms should be in the green! From then on, if it is a “time spread” the fast decay of the short position will work in your favor!

[Me XMan]

Sell-stop $124.80 hit. Damn it...bouncing up...WTF!

[bushwaffle]

Anyone belive we may be starting the 5th wave dn..Right now it is looking like it.

I'm a believer, it would play out to perfectly but that of course scares me as well... at least not to many people are talking about it!

When you wave guys refer to a particular "wave", is there always an understood and implied time frame? Day, week, month.....??

[Cobra]

I said another failure would be no fun anymore. I don't want to see breakdown here, please cannot you hold for just 10 more minutes?

[tdo722]

Buy-stop $124.80 hit.

Try $124.65 which is 78.6%

[Dow Trader]

This what I don't see traders focusing in weekly candle and daily candles and I prefered to post it just in case
a clear support resistance in candles patterns can be shown in many setups and this is one of them :
an undecided cadle or more followed by 2 candle with both of them have more 50% from there high to low high and I highlited some examples that I traded them for long time before ... they act most of the time correctly specially with the first visit and market can overshoot them but if you know how to trade them with proper stops it would be very trading tool IMO

note : resistance is resistance until proven otherwise

[tdo722]

Anyone belive we may be starting the 5th wave dn..Right now it is looking like it.

I'm a believer, it would play out to perfectly but that of course scares me as well... at least not to many people are talking about it!

When you wave guys refer to a particular "wave", is there always an understood and implied time frame? Day, week, month.....??

http://www.traderji.com/technical-analy ... -wave.html

rules/guide lines are there. perhaps you can teach us all after you're done reading because i'm too lazy to read.

[Me XMan]

WTF! I can't get with the program today...

Buy-stop $124.80 hit.

Try $124.65 which is 78.6%

[jarbo456]

paging dowtrader and anyone else who's interested...been looking at the USD/CHF chart, and this is what i got. looks like a double bottom bounce, target of around .9220'ish or .9145(breakout level) - .9070(double bottom?) = .0075....0075 + .9145 = .9220 (target of double bottom).

it also happens to correspond with a greater uptrend line that was recently broke yesterday. so maybe a kiss off of the trend line before USD falls off and equities rallies into the new year.

so zig zag is in play. zag down tomorrow with USD/CHF touching off .9220, then off to the races as USD/CHF as has already clearly broken the 8/9/11 low trend line...dollar fades and equities rally. <shrugs> big picture guess.