12/15/2011 Intraday Watering

[tiki]

really just a test for posting chart images, here's my longer term triangle.

This is from freestockcharts.com

[jarbo456]

goddamn it's good to be on the bulls' side. you don't have to do crap and the market just pops for you...TA told me to cover, but when you're wrong on the bulls' side, "just expand the time frame" is the solution to every trade. -_-

[stucap]

are the rumor guys back from st. tropez?

[BullBear52x]

Bulls making a run

that's looks like the last chip to me, all in for bulls, nothing left.

[jarbo456]

really just a test for posting chart images, here's my longer term triangle.

This is from freestockcharts.com

triangle.png

freestockcharts.com saves too small...expand to either 1000x700 or else 1500x1050...it'll keep the aspect ratio the same.

just a pointer if you care...

[bushwaffle]

goddamn it's good to be on the bulls' side. you don't have to do crap and the market just pops for you...TA told me to cover, but when you're wrong on the bulls' side, "just expand the time frame" is the solution to every trade. -_-

This.

But, I should've waited longer to switch....

#trappedforawhilenow

[cougar]

Hey guys:
Busy day…I built two time spreads:

#1:
Bought AMZN Jan 200 calls
Sold to open AMZN Dec 23 190 calls

#2:
Bought SPY Dec 30, 124 Puts
Sold to open Dec 23, 124 Puts.


==========
I think the opportunity on SPY was quite clear…Thanx Cobra for the valuable hints!
For AMZN…a wild guessing shorts covering worked luckily in my favor…AMZN Chart follows..

[CognitiveDissonance]

]

If Vix can hold above 25 today, bears should have a good day tomorrow.

Here's the happy VIX chart...lots of resistance...only the weekly showing somewhat of a bounce. It just doesn't want to go up right now.

yeap, lots of resistances.

But max pain dropped from 124 yesterday to 121 today
http://www.optionpain.com/MaxPain/Max-Pain.php

The market is just going to fool everyone, or at least me

? looks like its still 124.... and maybe Cobra doesn't trade options? I have scars from max pain, numerous....

mp.jpg

I don't have an account so I can't check the 'current pain' chart, bummer.

[taggard]

re max pain-just my experince-i have traded options for 12 years now and this indicator is simply not trust worthy. focusing on strike pin must be done inside the context of the current action--whats' going on. generally from wed of exp week on only. in a sketchy market esp with amped machine trading and futures action peaking--caution is advised as it takes very little to force the market to re balance. so that all of a sudden the outcome inverts by a point or two.

if one must use this stuff--consider the context of the action (wed to fri) and then consider max pain in reference to that. frankly chart reading a 5 min and 15 is safer in my experience.

there is a real desire to find an exact abstract model (wholy grail) but in the end listening very carefully is usually safer. humans amplified by machines are very hard to model using abstractions over periods of time.

good luck

[CognitiveDissonance]

If TRAN holds then bulls have a chance, looking at swing not day trade.

[Al_Dente]

Bots/programs quiet (TRIN), this is bear-covering
Testing testing testing vwap

[TWT]

SPX: The rebound off yesterday´s lod is corrective = No major bottom is in place

The wave structure shoul allow more upside mabe with a Triangle wave (B/X)

[tiki]

Trying another version of the triangle chart from freestockcharts. It was screengrabbing them a little on the small side. I set it to 1000x800, lets see if this is any better..

[cougar]

re max pain-just my experince-i have traded options for 12 years now and this indicator is simply not trust worthy. focusing on strike pin must be done inside the context of the current action--whats' going on. generally from wed of exp week on only. in a sketchy market esp with amped machine trading and futures action peaking--caution is advised as it takes very little to force the market to re balance. so that all of a sudden the outcome inverts by a point or two.

if one must use this stuff--consider the context of the action (wed to fri) and then consider max pain in reference to that. frankly chart reading a 5 min and 15 is safer in my experience.

there is a real desire to find an exact abstract model (wholy grail) but in the end listening very carefully is usually safer. humans amplified by machines are very hard to model using abstractions over periods of time.

good luck

Very wise advise...I'll second it!

[bushwaffle]

re humans amplified by machines are very hard to model using abstractions over periods of time.

good luck

Terminator/Skynet

[tiki]

Could this be a SPY kiss the line goodbye?

[cougar]

Hey guys:
Busy day…I built two time spreads:

#1:
Bought AMZN Jan 200 calls
Sold to open AMZN Dec 23 190 calls

#2:
Bought SPY Dec 30, 124 Puts
Sold to open Dec 23, 124 Puts.


==========
I think the opportunity on SPY was quite clear…Thanx Cobra for the valuable hints!
For AMZN…a wild guessing shorts covering worked luckily in my favor…AMZN Chart follows..

AMZN charts:

[jarbo456]

Hey guys:
Busy day…I built two time spreads:

#1:
Bought AMZN Jan 200 calls
Sold to open AMZN Dec 23 190 calls

#2:
Bought SPY Dec 30, 124 Puts
Sold to open Dec 23, 124 Puts.


==========
I think the opportunity on SPY was quite clear…Thanx Cobra for the valuable hints!
For AMZN…a wild guessing shorts covering worked luckily in my favor…AMZN Chart follows..

AMZN charts:

i'm in AMZN JAN 205 calls. i think it's a decent place to get in...i might add if broader market weakens before end of next week.

[stingrey]

Ahh...got it!...really well done...best of luck with it!!

Vocals and guitar

Excellent work!!

Only thing...I'd put my eyes on the road and hands on the wheel...

Yea, but then the relationship might have worked out and I wouldn't have anything to sing about.

P.S. Thanks Uncle Al

[cougar]

Hey guys:
Busy day…I built two time spreads:

#1:
Bought AMZN Jan 200 calls
Sold to open AMZN Dec 23 190 calls

#2:
Bought SPY Dec 30, 124 Puts
Sold to open Dec 23, 124 Puts.


==========
I think the opportunity on SPY was quite clear…Thanx Cobra for the valuable hints!
For AMZN…a wild guessing shorts covering worked luckily in my favor…AMZN Chart follows..

Ok..let's see....
AMZN charts:

i'm in AMZN JAN 205 calls. i think it's a decent place to get in...i might add if broader market weakens before end of next week.