08/10/2012 Live Update

[Harapa]

It’s very hard 4 me to read yr charts

I need to remove some of the indicators to de-clutter these. As this is still work in progress I haven't worked out a final form, sorry about it.
XIV seem to be a good add on too, gives fewer flalse signals (with CCI ) especially during an established trend .

I LOVE XIV
I NEED XIV
But stockcharts is so stingy w real estate…. won’t allow another dang symbol in there without me deleting one
What platform u on?

Mostly, for real time I use Freestockcharts and Metatrader (which although is geared towards Forex type, does give real time future and some stock data), and few other stand alone type with no real time data feed. I am a swing trader who is trying to improve execution by learning day trading techniques .

[Al_Dente]

Well shite I barely get it posted and it starts bouncing so I have to repost to update
The “Bouncing Renko”
In all fairness to renko it actually held that purple ma which is 50 but it’s still in the sell zone on STO 20/1 so we’re NOT out of the woods yet
(It’s al dente’s fault not renko)
with nydec at 1500 and nyadv at 1100……..stay tuned for more bouncing (??)

[essessme]

chart shows stats for 108 TD turn since 2010 uses the 1-2 week period prior to turn date to establish direction going into turn.
first line shows # of TDs and points for the move following the high/low from the turn area and the second line is where the actual H/L occurred relative to projection. The current projection is for Monday 8/13 so far the high would be -4TD if the high holds a double top similar to DB Nov2010 should not be ruled out.

[mocker]

1500 today?

[BullBear52x]

PAGING BARON
Do u keep yr “0.3” line on the volume ratio on ALL TIMEFRAMES
Or do u adjust it for different timeframes
Get in here////////

yes

[TradingJackal]

p-bar at 139.92. Get ready for the B wave!

[BullBear52x]

Houston get ready for soft landing, over....over.

[Al_Dente]

PAGING BARON
Do u keep yr “0.3” line on the volume ratio on ALL TIMEFRAMES
Or do u adjust it for different timeframes
Get in here////////

yes

WHAT THE FFFFF yes to what?
Here’s the 15min

[knock]

We had a ABC down yesterday on ES (check yesterday's post) and so we are looking for an ABC up today. Looking at the ES chart, it appears we may be putting finishing touches to an ED. Looks like we need one last hurrah before we go south.
PS: This last wave get's truncated most of the times and once it in a while, it will overshoot. YMMV.

paging jackal

[BullBear52x]

PAGING BARON
Do u keep yr “0.3” line on the volume ratio on ALL TIMEFRAMES
Or do u adjust it for different timeframes
Get in here////////

yes

WHAT THE FFFFF yes to what?
Here’s the 15min

The attachment 810fifteen.png is no longer available

to all time frames

Edit: feed back

[taggard]

bouncing from support. if for the 3rd day in a row we have a reversal up on the morning gap down, this market might never drop anymore.

the post at close re short at close make money in 6 days (i think it was) seems reasonable. ranges on qqq and spy can last 3-8 days (most of the time) so really what we have is in effect "a sideways trend" that "trend" will end but we don't know when. Cobra's aapl stuff indicates a 2nd move up (i see this as a hint) --and i think the problem selling the market is that "the move after the move is seen as up by many". On other topics--i urge you if you are a hard core short or long here--to take a deep breath and try to pay close attention to your feelings. having really strong feelings in the middle of a range after a huge move up in the middle of aug is suspect. obviously we have to have 1-4 down days--but these don't need to be large at all. also while seemingly less likely look at the period 3-19 to 3-26 on qqq. notice that failure to go down--caused a spike up which was sold--that in turn caused a hit of the 10 ema daily--and that in turn finally got you the high.

my point being if you really want a short the ideal play in a range is a false breakout to the upside (just as to get long a false breakout to the downside in a range works great). and so far we don't have this.

finally consider being cautious about "it's an election year" or "the fed is buying" common wisdom. for one thing the real key is the euro zone. for another in strategy you don't want to confine your enemies to a box canyon and then attack--because they have nothing to lose and will take chunks out of your guys. (as is happening in the euro zone) the euro zone actions so far HAVE BEEN A TREND lasting 3 years. this trend will surely end--but what see is people trying to forecast this exact period. i think that's a huge mistake--just as it is a mistake to assume a thing about qe3.

all you have to do to have some serious impact is have china usa and euro zone act roughly at the same time. which is actually not all that unlikely. if you get concerted stupid action at the right time you can get a strong move up--despite the obvious bogus nature of the individual lame moves.

likewise it's pretty clear that obama has little clue and little control--beware this "they are controlling things. those who dislike obama should realize that should Mitt get in--and should congress be skewed in his direction--the eventual results could be very poor IF (and this is a huge if) the current advice of his financial guys is followed (these guys actually think/or did a couple months back--think the austerity in euro zone which is obviously not ideal for a 3-5 year period--is a good thing). Please guys--it's not if one or the other guy wins that is the point--it's the common wisdom right now about what happens with political fed stuff that is worth considering. we know from the past with near absolute certainty that whatever everyone believes now--will get inverted later--it's useful to keep this in mind.

all these points above have a underlying theme--easy does it with anticipating outcomes in ranges which can be thought of as psychic sideways trends--whatever is going will continue till it ends--and (most importantly) when it ends it will look different. in the mean time you have fine range trading movies porn great literature or in my case right now running on the beach to use up that juice created by confined intense trading.

[Cobra]

looks like another boring day. here's the wild-est-est-est guess for fun, otherwise I'd zzzzzzzz.

[Al_Dente]

It’s very hard ........

I need to remove ........

I LOVE XIV............

Mostly, for real time I use Freestockcharts and Metatrader (which although is geared towards Forex type, does give real time future and some stock data), and few other stand alone type with no real time data feed. I am a swing trader who is trying to improve execution by learning day trading techniques .

what? NO WAY u get all that puuuurty stuff on freestockcharts
i’m on freestockcharts too… anything u post from there, i can understand/read better
Your “50%” is upsetting me, I know we need to add shite to improve it, but the “softies” like cci or macd or etc always drive me nuts as they like 2 be sooooo imprecise…….STILL tinkering blabla THX

[Tabby]

Off Topic subject,I know we talked about volume in here and I know only the price matters. This is pathetic. Stocks like F or BAC, etc which were in top trading in NYSE list, they only have one digit (in million) trading now,for example, BAC
http://www.google.com/finance/historica ... ABAC&hl=en

I checked in another site to see how many Guru trades, billionars buying anything now, like AAPL,SPY, guess what it was back in March or few people back in June who bought any stocks. Not to mention, I can't get over P bar ghost showing up before or after market opens up or closes. Like someone borrowed shares and placed back in the pile like nothing happened ever.

[Petsamo]

We got bad news ?

[TradingJackal]

We had a ABC down yesterday on ES (check yesterday's post) and so we are looking for an ABC up today. Looking at the ES chart, it appears we may be putting finishing touches to an ED. Looks like we need one last hurrah before we go south.
PS: This last wave get's truncated most of the times and once it in a while, it will overshoot. YMMV.

great call! hope to see a chart from you, as always...

Thanks. I am thinking of taking up poetry instead

Again, just be cautious on the long side. I have a feeling we will end on a high note. A higher than high note. Monday may be the day of reckoning. Don't know what's in store for the weekend. I thought Greece is scheduled to default on Aug 20. We are 10 days early here.

[Mr. T]

Miyagi.......

"Dive, Dive Dive!!!!!!"

[Cobra]

wow, drop faster than I thought, for the 1st time for a long long time I finally underestimated the power of bear side (kidding of course).

[Al_Dente]

Do u keep yr “0.3” line on the volume ratio on ALL TIMEFRAMES
Or do u adjust it for different timeframes

yes

yes to what?

to all time frames

YOU ARE IMPOSSIBLE
1) u adjust it on different timeframes, or
2) u keep it at 0.3 everywhere
3) http://www.youtube.com/watch?v=T0NuHRMF ... re=related

[noob]

looks like another boring day. here's the wild-est-est-est guess for fun, otherwise I'd zzzzzzzz.

Bulls bears fighting 1400, how fun. How can it be boring?