03/16/2012 Intraday Watering

[Petsamo]

Petsamo what about POT? still in?

I bought POT yesterday before the close but I sold at the open. Only 2.07% gain

Hi Petsamo,

If you want an easy way to get out of these skyrockets, try a 30 min chart with a 3 and 6 SMA. Fool around with it. Nice trade. I love POT when it isn't idling. Carry on. GLTA jimme

SPY, IWM, & the banks sold off at the open. I had to assume POT would sell off too.

[KeiZai]

Thanks guys choppy day, beer better ...keeping shorts SL 1409 seeya

[SWalsh]

Hey, SWalsh, money has always been a tricky business, the more money to gain the more tricks are played.

But I'm here for trading, and not to think about the rights and wrongs of what the gov does, of what the banks do.

"I think (on a plane much higher than most) therefore I am"

The banks are the government and they ARE the market. It is what Simon Johnson warned about in "The Quiet Coup". Dismiss what they will do at one's own peril.

[SWalsh]

Hey, SWalsh, money has always been a tricky business, the more money to gain the more tricks are played.

But I'm here for trading, and not to think about the rights and wrongs of what the gov does, of what the banks do. Looking at myself: I'm very ambivelent about my own trading. I happen to enjoy what I do and it fits nicely into my weekly working pattern. But if I think a bit about my/our activity and apply a strict moral standard: what I/we are doing ain't very beneficial for the country. It's less harmful than playing war games, but it sure does not help improve the economy, provides little added value.

very well said uempel

I received an e-mail 15 minutes ago thanking me for educating people about what the market has become and asking me to continue.

Go figure.

[Richarab]

Oil is getting a little high IMHO.

bill flag
80/20 rule
Once it teaches 80 retrace wants extra 20
Will hit 110 soon and want 114 bad
Reserves opened in this event


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I am here: http://tapatalk.com/map.php?41t34g

[Cobra]

still on support. there're chances an Ascending Triangle is in the forming. lunch time, will be back.

[BullBear52x]

Baron von Dude
U forgot SPY is all wanky today bcuz dividend per cobra?
Try revising yr TRIN:SPY and invert
to SSO
just 4 today????

I think I see what you looking at, I know same charts always gave out at least two or more conclusions.

[OverUnder]

Could be a wedge if you draw using only the bodies.

[SWalsh]

Scalpers, this is very simple set up if you use TOS. I tried to transfer to stockchart, not so good didn't work out right. last buy at 8:32, for now intraday buy on a negative TRIN day.

What feature are you using to dual plot that in TOS? When I have tried "comparison" I'm getting one plot as a quasi straight line well above or below.

Thanks

[victorm]

Cobra, what is your thoughts for Monday?

[Al_Dente]

Here’s straight $TRIN zoomed in, no invert, straight $TRIN
She’s even carving out a nice bull trend channel today
She’s right at the top of the channel
We can only watch to see a breakout or a breakdown to the bottom of the channel
With AD still at 50/50 it’s dangerous to guess, it could easily whip either way
But then u kno me I just follow, not lead

[SWalsh]

Okey now it is clear more up

http://www.reuters.com/article/2012/03/ ... JM20120316

Isn't that about bank activity, which was requested, by some, to leave off the board?

Just trying to figure out what I'm allowed to say here without upsetting people. There has been a distinct string of comments to me by PM against mentioning HFT trading, even though they are the market. The mkt doesn't move more than a few ticks without their decision to stop it, or push it.

[BullBear52x]

Scalpers, this is very simple set up if you use TOS. I tried to transfer to stockchart, not so good didn't work out right. last buy at 8:32, for now intraday buy on a negative TRIN day.

What feature are you using to dual plot that in TOS? When I have tried "comparison" I'm getting one plot as a quasi straight line well above or below.

Thanks

not quite understand your question, if you want to overlay the indicators from under sub graph to upper you can 1. high light the indicator/study 2. check mark "on upper sub graph'' and apply, is this what you want to do?

[dumamay]

Okey now it is clear more up

http://www.reuters.com/article/2012/03/ ... JM20120316

Isn't that about bank activity, which was requested, by some, to leave off the board?

Just trying to figure out what I'm allowed to say here without upsetting people. There has been a distinct string of comments to me by PM against mentioning HFT trading, even though they are the market. The mkt doesn't move more than a few ticks without their decision to stop it, or push it.

It never hurts to remind folks of the Gov't inability to set reasonable rules for the markets.

[KENA]

My take imho.There has been a few that may not fully agree with some of the comments of SWALSH but it is good to hear both sides.The mkt is hard to make a buck and trading is fun and work. It takes a lot of traders here to make a diverse web site.Opions are like reading the newspaper..I don't agree with a lot of those either.

[BullBear52x]

you see spike on VIX right?

[Al_Dente]

KENA what do we do with all the charts that are now cluttering our desktop.
I’m deleting them when they r 2 days old
What say u?

[SWalsh]

not quite understand your question, if you want to overlay the indicators from under sub graph to upper you can 1. high light the indicator/study 2. check mark "on upper sub graph'' and apply, is this what you want to do?

I never tried it that way. I did a screen copy of your instructions and will try it your way. I was shown a different way that rarely worked and I think it did only if the axis/price of each was close. I had thought it was me but I guess I wasn't using the right function.

Thanks

[knurbs]

Okey now it is clear more up

http://www.reuters.com/article/2012/03/ ... JM20120316

Isn't that about bank activity, which was requested, by some, to leave off the board?

Just trying to figure out what I'm allowed to say here without upsetting people. There has been a distinct string of comments to me by PM against mentioning HFT trading, even though they are the market. The mkt doesn't move more than a few ticks without their decision to stop it, or push it.

It never hurts to remind folks of the Gov't inability to set reasonable rules for the markets.

There is "occassional reminding" and then there is fanatical obsession with the subject of HFT. We are traders, not children. We shouldn't need to be reminded every five minutes throughout the day what is controlling the market. Just my $0.02 worth.

[Al_Dente]

Ruh rhooooooo
$VIX bolingers 5min are just starting to compress (pink circle, below the volume panel)
That’s after a VIX p-bar to what looks like 14.20 ish on $VIX
http://stockcharts.com/h-sc/ui?s=VXX&p= ... =258329999
PAGING Tabby P-bar