04/10/2012 Live Update

[TraderGirl]

Guys, be careful here, global dow is hitting lower trend line of the down channel, tomorrow is a minor Bradley turn date and also remember what Cobra said in yesterday report (if down then a reversal is more probable). Market choose to go the hard way. I've done scalping and i'm waiting for a longer term setup (long).

Tomsky do you have a chart??

looking like its trading at middle pitchfork, 200dma as support for now...

[Cobra]

rebound is weak. again still the same rule, before trend line broken and the low gets revisited, it's not long. as long as you follow this rule, you should be fine.

[KeiZai]

Gold squeeze - a, chinese funds buying heavily
b, Q3 hopes

[Al_Dente]

rebound is weak. again still the same rule, before trend line broken and the low gets revisited, it's not long. as long as you follow this rule, you should be fine.

Anyone remember cobra’s short term target (weekend subscription board)?
HE IS AMAZING

[tomsky]

I don't know at what price level i'll go long, i'm just waiting. Whether it wil be here, lower or higher i don't know right now. What i know is that we might be going higher towards the end of the month (20-25th april), and then a deeper correction. Now we probably finished a lower degree 4 (blue on the chart).

[Cobra]

Cobra is there a rule where if 2 day RSI is microscopic then go long and profits come our way?

Seriously if the short term setups were triggered yesterday does another down day strengthen or weaken their odds of coming true?

The setup doesn't tell. Guess in TradingMarkets back test, it just holds the position until exit condition met.

[tomsky]

Guys, be careful here, global dow is hitting lower trend line of the down channel, tomorrow is a minor Bradley turn date and also remember what Cobra said in yesterday report (if down then a reversal is more probable). Market choose to go the hard way. I've done scalping and i'm waiting for a longer term setup (long).

Tomsky do you have a chart??

looking like its trading at middle pitchfork, 200dma as support for now...

Here it is

[Al_Dente]

Gold squeeze - a, chinese funds buying heavily
b, Q3 hopes

Wow silver too, I missed that
How can u tell it’s Chinese funds buying?

[taggard]

ol LT il'l byte but you said it

re flare ups on board--these are inevitable of course--but the real issue should be for all those involved what does this say about ego and emotion? These things factor far more highly in trading than most people allow for. What is most of value is to pick up on the fact when it happens asap. ego esp is subtle and insidious--the hard part is knowing it's there in the heat of the battle. so posting or not--very happy very sad--very sure very unsure--these are things to watch every experience that distances us from the actual action is the foe--not some guy on the board.

also just for amusement re "the zen thing". It's interesting to note that zen was brought first to China (called Chan Chinese or Dhyana in Sanskrit). this happened about 5th to 6th century. What is less known is that he also developed "muscle/tendon changing and Marrow/brain washing" which were the core exercises of nei kung. when you check out those nifty gung fu ficks that's all the fun stuff (now even in stuff like resident evil). The core ideas were from Tantric Buddhism in India--which is quite different than the tantra that most american's know.

the object in both qi kung and nei kung is to transform emotion. emotions are simple electrical events inside us that are most closely linked to hormones and nurotransmitters. there is no actual true absolute basis for emotion--it's a relationship between us and what we often think of as an event in the outside world. what makes Indian Tantra and amusingly the basis of Zen (which is one half of the idea Bodhidharma was pushing)--different IS THAT YOU WANT TO USE BOTH NEGATIVE AND POSITIVE EMOTIONS TO FURTHER YOUR TRAINING.

Generally people define emotions as good or bad--but in fact they are both. another problem is the idea we can control them in an absolute way--this is just not the case for 98% of the people on the planet. But if you have the ability to stand back for a second and contain the emotion briefly you can consider transforming it right there.

there is a basic western science type reason you want to do this and for a very simplified version of the links between stress and your entire endocrine system as well as immune and brain--you can look at "the cortisol connection".

But the short version for traders? (1) stay chilled when possible. (2) when not possible transform emotion into something useful (this guy in my opinion disses me so i get pissed and then go lift weights for 20 min to work it off) (3) if you are even better at this transform stuff you can consider trying to take the excitement of anger etc--and use it more directly.

so get mad=get sick and using that energy can make healthy. what we cannot do is (1) totally give in or (2) pretend we are in 100% control.

zen finally made it from china to japan. generally there is non of the very cool tantra stuff in the japanese approach. and that tends to limit the outcomes except in exceptional people.

good luck to all stay frosty (and kick ass and take names)

[TraderGirl]

Check out Treasuries, TMV fell through support, while TMF is backtesting broken support...

[uempel]

I've got support around 1362ish - I'll post some other charts later on.

[KeiZai]

Gold squeeze - a, chinese funds buying heavily
b, Q3 hopes

Wow silver too, I missed that
How can u tell it’s Chinese funds buying?

They want to diversify their reserve holdings

http://www.futuresmag.com/2012/01/12/go ... ank-buying
http://www.thechinamoneyreport.com/2012 ... ecosystem/

[gappy]

Repeat of three day NYAD pattern ending back on Nov 1st. Consequential pop back then. Higher volume though. No opinion, just looking to contribute. Past performance not indicative as to future blah blah blah....

[Richarab]

ol LT il'l byte but you said it

re flare ups on board--these are inevitable of course--but the real issue should be for all those involved what does this say about ego and emotion? These things factor far more highly in trading than most people allow for. What is most of value is to pick up on the fact when it happens asap. ego esp is subtle and insidious--the hard part is knowing it's there in the heat of the battle. so posting or not--very happy very sad--very sure very unsure--these are things to watch every experience that distances us from the actual action is the foe--not some guy on the board.

also just for amusement re "the zen thing". It's interesting to note that zen was brought first to China (called Chan Chinese or Dhyana in Sanskrit). this happened about 5th to 6th century. What is less known is that he also developed "muscle/tendon changing and Marrow/brain washing" which were the core exercises of nei kung. when you check out those nifty gung fu ficks that's all the fun stuff (now even in stuff like resident evil). The core ideas were from Tantric Buddhism in India--which is quite different than the tantra that most american's know.

the object in both qi kung and nei kung is to transform emotion. emotions are simple electrical events inside us that are most closely linked to hormones and nurotransmitters. there is no actual true absolute basis for emotion--it's a relationship between us and what we often think of as an event in the outside world. what makes Indian Tantra and amusingly the basis of Zen (which is one half of the idea Bodhidharma was pushing)--different IS THAT YOU WANT TO USE BOTH NEGATIVE AND POSITIVE EMOTIONS TO FURTHER YOUR TRAINING.

Generally people define emotions as good or bad--but in fact they are both. another problem is the idea we can control them in an absolute way--this is just not the case for 98% of the people on the planet. But if you have the ability to stand back for a second and contain the emotion briefly you can consider transforming it right there.

there is a basic western science type reason you want to do this and for a very simplified version of the links between stress and your entire endocrine system as well as immune and brain--you can look at "the cortisol connection".

But the short version for traders? (1) stay chilled when possible. (2) when not possible transform emotion into something useful (this guy in my opinion disses me so i get pissed and then go lift weights for 20 min to work it off) (3) if you are even better at this transform stuff you can consider trying to take the excitement of anger etc--and use it more directly.

so get mad=get sick and using that energy can make healthy. what we cannot do is (1) totally give in or (2) pretend we are in 100% control.

zen finally made it from china to japan. generally there is non of the very cool tantra stuff in the japanese approach. and that tends to limit the outcomes except in exceptional people.

good luck to all stay frosty (and kick ass and take names)

did someone say 'hash'? i smoked that in college once. gave me a headache and made me sleepy. but those dreams! i've never seen so much color before!

[Mr. T]

ol LT il'l byte but you said it

re flare ups on board--these are inevitable of course--but the real issue should be for all those involved what does this say about ego and emotion? These things factor far more highly in trading than most people allow for. What is most of value is to pick up on the fact when it happens asap. ego esp is subtle and insidious--the hard part is knowing it's there in the heat of the battle. so posting or not--very happy very sad--very sure very unsure--these are things to watch every experience that distances us from the actual action is the foe--not some guy on the board.

also just for amusement re "the zen thing". It's interesting to note that zen was brought first to China (called Chan Chinese or Dhyana in Sanskrit). this happened about 5th to 6th century. What is less known is that he also developed "muscle/tendon changing and Marrow/brain washing" which were the core exercises of nei kung. when you check out those nifty gung fu ficks that's all the fun stuff (now even in stuff like resident evil). The core ideas were from Tantric Buddhism in India--which is quite different than the tantra that most american's know.

the object in both qi kung and nei kung is to transform emotion. emotions are simple electrical events inside us that are most closely linked to hormones and nurotransmitters. there is no actual true absolute basis for emotion--it's a relationship between us and what we often think of as an event in the outside world. what makes Indian Tantra and amusingly the basis of Zen (which is one half of the idea Bodhidharma was pushing)--different IS THAT YOU WANT TO USE BOTH NEGATIVE AND POSITIVE EMOTIONS TO FURTHER YOUR TRAINING.

Generally people define emotions as good or bad--but in fact they are both. another problem is the idea we can control them in an absolute way--this is just not the case for 98% of the people on the planet. But if you have the ability to stand back for a second and contain the emotion briefly you can consider transforming it right there.

there is a basic western science type reason you want to do this and for a very simplified version of the links between stress and your entire endocrine system as well as immune and brain--you can look at "the cortisol connection".

But the short version for traders? (1) stay chilled when possible. (2) when not possible transform emotion into something useful (this guy in my opinion disses me so i get pissed and then go lift weights for 20 min to work it off) (3) if you are even better at this transform stuff you can consider trying to take the excitement of anger etc--and use it more directly.

so get mad=get sick and using that energy can make healthy. what we cannot do is (1) totally give in or (2) pretend we are in 100% control.

zen finally made it from china to japan. generally there is non of the very cool tantra stuff in the japanese approach. and that tends to limit the outcomes except in exceptional people.

good luck to all stay frosty (and kick ass and take names)

did someone say 'hash'? i smoked that in college once. gave me a headache and made me sleepy. but those dreams! i've never seen so much color before!

Hash usage in the market and public sector:
Ben: "What pretty colors...... what IS that color man? I've never seen it before??!?!?"
Hillary: "Red"

[TraderGirl]

ol LT il'l byte but you said it


good luck to all stay frosty (and kick ass and take names)

did someone say 'hash'? i smoked that in college once. gave me a headache and made me sleepy. but those dreams! i've never seen so much color before!

Hash usage in the market and public sector:
Ben: "What pretty colors...... what IS that color man? I've never seen it before??!?!?"
Hillary: "Red"

Nice Mr. T and Richie Rich!

[Cobra]

by the way, we're very close to the double top target. unfortunately the selling was still strong, so the fastest bottom pattern would go like this. I mean NORMALLY, we shouldn't hope the bottom could be in very fast. The chart is Global ES, so the route includes the overnight session of course. Nowadays, global is closely connected, so maybe my analysis should include the overnight session from now on, instead of the traditional regular session chart.

[MrMiyagi]

So... consolidation here still good for bulls?

[Cobra]

not a lovely pattern, might be more down, be careful.

[TraderGirl]

ol LT il'l byte but you said it

good luck to all stay frosty (and kick ass and take names)

Nice words of wisdom taggard...