12/16/2011 Intraday Watering

waverider · Post by **waverider** » Fri Dec 16, 2011 2:26 pm

Agnosia ever coming back? I can understand why he doesn't want to post his trades anymore LOL.

StrikePrice · Post by **StrikePrice** » Fri Dec 16, 2011 2:26 pm

Anaconda wrote:Friends,

Don't know if this has any significance, but I saw a clear p-bar on the 15 min. candle chart, to 122.94, near the top of the hour (1:00 pm). It was there until the next bar started, so I'm leery of it's meaning. But, taken in conjunction with Uempel's call for a 13:30 move, I took a punter on a bunch of SDS puts (100 Jan contracts). See you at 122.94...

Nice trade!

Nomorework · Post by **Nomorework** » Fri Dec 16, 2011 2:27 pm

Cobra, any updates on the target?

Petsamo · Post by **Petsamo** » Fri Dec 16, 2011 2:27 pm

janez wrote:For this market, day trading is much easier than swing. I must say

I disagree. I think swing trading is less risky. I'm a 67% swing trader, 33% day trader.

heavenskrow · Post by **heavenskrow** » Fri Dec 16, 2011 2:28 pm

Zb currently retesting prior resistance that is now support.

jarbo456 · Post by **jarbo456** » Fri Dec 16, 2011 2:28 pm

waverider wrote:Agnosia ever coming back? I can understand why he doesn't want to post his trades anymore LOL.

how come he's not here anymore?

AK84 or whatever is no longer here either.

StrikePrice · Post by **StrikePrice** » Fri Dec 16, 2011 2:28 pm

janez wrote:For this market, day trading is much easier than swing. I must say

That's why I've been swing trading with ETFs and day trading with options. So i can leverage the easier trade. When I was swing trading with options the gaps were so difficult to handle.

ActiveTrader · Post by **ActiveTrader** » Fri Dec 16, 2011 2:29 pm

Cobra wrote:I won't bet this is just one leg pullback so the rebound shall fail.

The market ignores basic technical analysis principles most of time.

BullBear52x · Post by **BullBear52x** » Fri Dec 16, 2011 2:29 pm

Here is another look, Fade the TICK, no LOD is allowed, NO NO NO

uempel · Post by **uempel** » Fri Dec 16, 2011 2:30 pm

Can you guys get into stockcharts?

BullBear52x · Post by **BullBear52x** » Fri Dec 16, 2011 2:31 pm

uempel wrote:Can you guys get into stockcharts?

yes

Tabby · Post by **Tabby** » Fri Dec 16, 2011 2:33 pm

uempel wrote:Can you guys get into stockcharts?

Yes. I don't have no problem/s.

Anaconda · Post by **Anaconda** » Fri Dec 16, 2011 2:34 pm

StrikePrice wrote:
Anaconda wrote:Friends,

Don't know if this has any significance, but I saw a clear p-bar on the 15 min. candle chart, to 122.94, near the top of the hour (1:00 pm). It was there until the next bar started, so I'm leery of it's meaning. But, taken in conjunction with Uempel's call for a 13:30 move, I took a punter on a bunch of SDS puts (100 Jan contracts). See you at 122.94...
Nice trade!

Thanks. Hoping it works out.
GL,
A

waverider · Post by **waverider** » Fri Dec 16, 2011 2:35 pm

jarbo456 wrote:
waverider wrote:Agnosia ever coming back? I can understand why he doesn't want to post his trades anymore LOL.
how come he's not here anymore?

AK84 or whatever is no longer here either.

Yeah, that's strange. Didn't both of you guys work for GS?

Nomorework · Post by **Nomorework** » Fri Dec 16, 2011 2:37 pm

Okay guys (and gals if there are any), let's take a poll. Where do we close on SPX today? Just your best "guess".

Mine: 1212, after it bounces off of support at 1210.

jarbo456 · Post by **jarbo456** » Fri Dec 16, 2011 2:38 pm

waverider wrote:
jarbo456 wrote:
waverider wrote:Agnosia ever coming back? I can understand why he doesn't want to post his trades anymore LOL.
how come he's not here anymore?

AK84 or whatever is no longer here either.
Yeah, that's strange. Didn't both of you guys work for GS?

agnosia said he worked in tech for GS. i never worked for GS, but i worked for a fund in one of the GS buildings.

did he not like us copying his oil trades? that guy would always get in at the bottom tick and out at the top tick of his /CL day trades...hmmmm...lol

stucap · Post by **stucap** » Fri Dec 16, 2011 2:41 pm

Nomorework wrote:Okay guys (and gals if there are any), let's take a poll. Where do we close on SPX today? Just your best "guess".

Mine: 1212, after it bounces off of support at 1210.

Need to take out LOD soon and invalidate this inverted H&S

mac769 · Post by **mac769** » Fri Dec 16, 2011 2:43 pm

Just look at the "ownership" of the US stock market, and you can tell why most of the participants are wrong most of the time

34% housholds, which makes you think this is an easy manipulated market by leveraged HFT traders, just look at todays price action, ridiculous

so it is REALLY a better idea to follow forex or bond charts to get a clue about what might happen in the future

michelangelo · Post by **michelangelo** » Fri Dec 16, 2011 2:46 pm

Nomorework wrote:Okay guys (and gals if there are any), let's take a poll. Where do we close on SPX today? Just your best "guess".

Mine: 1212, after it bounces off of support at 1210.

1214

BullBear52x · Post by **BullBear52x** » Fri Dec 16, 2011 2:46 pm

Nomorework wrote:Okay guys (and gals if there are any), let's take a poll. Where do we close on SPX today? Just your best "guess".

Mine: 1212, after it bounces off of support at 1210.

I see strong support there, let see VIX need to drop further to support the support theory, TNX show some life in it, so far LOD is getting clearer.

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12/16/2011 Intraday Watering

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Why the US Stock Market is mostly wrong or late

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