12/19/2011 Intraday Watering

[rhight]

How I structured a trade today. I've been plinking on the short side and have been able to capture 50 pts. since 12/5. Since this may also be a short term double bottom, I limited my risk to $200 with a tight stop and entry, but was still able to get 500 shares SDS in case there is a decent break to the downside.

Nice work, looks like a megaphone on /ES, but bears need a breakdown still.

Thanks. I don't do futures, I haven't figured that out yet. Just my own flavor of technical analysis gleaned from reading several texts. Trade management is strict fixed percent (1%, 0.5%, or 0.2%) balance at risk depending on how I think the odds stack up. I generally hold overnight or for a few days. Would like to catch, and have to discipline to hold, and intermediate term trade one of these fine days! Every morning I check out this site to see what the overnight action has been, but I've never traded using their concept.

http://algofutures.com/wow-indices/wow- ... ing-chart/

[Me XMan]

Stick the fork in this pig and flush it.

20.01 EU finance ministers fail to agree on raising the ESM €500bn ceiling.

[ken_d17]

time to move up?

scalp into the close

[Nomorework]

Stick the fork in this pig and flush it.

20.01 EU finance ministers fail to agree on raising the ESM €500bn ceiling.

FLUSH IT

[ClarkW]

Big move down setting us up for Turnaround Tuesday????

[Cobra]

now the target is clear.

[johnnywa]

WEEE Honey hold on to your Bikini strap dowm we go

[heavenskrow]

out of TVIX.

[Me XMan]

Wednesday is a better day for mid-week rally.

Big move down setting us up for Turnaround Tuesday????

[Eagle_Eye]

So now we've got the lower low - santa should arrive starting tomorrow IMO.

http://stockcharts.com/h-sc/ui?s=$SPX&p ... &listNum=1

[Cobra]

another way to see target.

[chocobee]

another way to see target.

You are aboslutely amazing, Cobra!

[Cobra]

why the market holds here? Because it's 12/15 overnight low.

[BullBear52x]

Bond market close now, I think I should too before I do something tupid.

I see what I want to see, Thanks Cobra and all you snakies, see you tomorrow.

[Me XMan]

Santa got a flat and called in sick today and tomorrow

So now we've got the lower low - santa should arrive starting tomorrow IMO.

http://stockcharts.com/h-sc/ui?s=$SPX&p ... &listNum=1

[johnnywa]

So now we've got the lower low - santa should arrive starting tomorrow IMO.

http://stockcharts.com/h-sc/ui?s=$SPX&p ... &listNum=1

Yes ton of turndates tomorrow

[heavenskrow]

Here is the Russel... I covered TVIX when Russel hit support...
Of course if we break this, we could get some more bear porn tomorrow..... but im not here to gamble.....

[janez]

Here is the Russel... I covered TVIX when Russel hit support...
Of course if we break this, we could get some more bear porn tomorrow..... but im not here to gamble.....

Well played!!

[waverider]

How I structured a trade today. I've been plinking on the short side and have been able to capture 50 pts. since 12/5. Since this may also be a short term double bottom, I limited my risk to $200 with a tight stop and entry, but was still able to get 500 shares SDS in case there is a decent break to the downside.

Nice work, looks like a megaphone on /ES, but bears need a breakdown still.

Thanks. I don't do futures, I haven't figured that out yet. Just my own flavor of technical analysis gleaned from reading several texts. Trade management is strict fixed percent (1%, 0.5%, or 0.2%) balance at risk depending on how I think the odds stack up. I generally hold overnight or for a few days. Would like to catch, and have to discipline to hold, and intermediate term trade one of these fine days! Every morning I check out this site to see what the overnight action has been, but I've never traded using their concept.

http://algofutures.com/wow-indices/wow- ... ing-chart/

/ES tracks quite similar to SPY, I like being able to see the overnight market. That's a good strategy, swinging is a much better strategy than attempting to scalp.

[Eagle_Eye]

Santa got a flat and called in sick today and tomorrow

So now we've got the lower low - santa should arrive starting tomorrow IMO.

http://stockcharts.com/h-sc/ui?s=$SPX&p ... &listNum=1

TWO week santa rally starting tomorrow. Cover your short. One last flush today to 1190 - 1198 would be nice. We'll see. IMO

Put it back on in 2 weeks. IMO