01/13/2012 Intraday Watering

[tdo722]

So who gets the downgrades today in Europe? 3PM is the fun time!!!

I don't know but the S&P has been quiet lately while Fitch already released their updates. Today at close to get the news seems right. Markets need 3 days to digest anyway

...I need a job at S&P to help my sucky sucky trading skills.

TDO:
Have patience young one (For me, Cobra is best teacher for patience)
Today is bad for you? Tomorrow (Tuesday) will be much better
You’ll get ‘em; you’ll get ‘em good...
PS: I got my face ripped off already today in ZSL…I’ll get ‘em tomorrow too…I'll get 'em good

http://www.youtube.com/watch?v=XsYJyVEU ... re=related

roger that!

[99er]

Update

AUDJPY http://99ercharts.blogspot.com/2012/01/audjpy_13.html

For our friends in Japan.

[cougar]

I am watching this level for VIX:

[BullBear52x]

see the GREEN line, strength measurement. do or not?

[waverider]

what's a green hanging man followed by yet another long shadowed red doji pattern called?

Doji's are just barb wire, so about equal buying/selling.

[noob]

key time. I really don't believe the dip is bought again today. come on, cannot we have something new today?

Cobra, what does consolidation here likely means? Thanks.

[jarbo456]

bears saving grace or a fake out?

[dcurban1]

So who gets the downgrades today in Europe? 3PM is the fun time!!!

I don't know but the S&P has been quiet lately while Fitch already released their updates. Today at close to get the news seems right. Markets need 3 days to digest anyway

Rumor is one will be France which is very interesting.

The EU meeting this week had the feel of a Sarkozy rally and polls indicate he is 20 points behind the Socialist candidate in a runoff election with 4 months to go.

[SB73]

When it goes up you just have to get on board because it won't take a breather. When it goes down lots of stops are made to allow new entries.

when it goes down, you'll get whipsawed to death. you have all of about 2 minutes to make a decision to cover before the market marches up without looking back.

who cares about timing a buy...buy at any time and it'll go green in a bar or two.

That my friend is why everybody is a bull. Easier to get on board a little bit late and then watch a slow squeeze take place. Additionally, you are given hours / days to move up stops and reposition and watch 5 divergences on the hourly charts form before exiting. I will get bullish after this little effort is finished.

[jarbo456]

bears saving grace or a fake out?

this trend line has had at least 5-6 touches, and it's not too high grade a slope...the breakdown of the trend line should be fairly valid. anyone want to comment?

[tdo722]

Buy stop 128.72. stop loss $128.51. Cancel if SPY breaks 128.40.

[jarbo456]

When it goes up you just have to get on board because it won't take a breather. When it goes down lots of stops are made to allow new entries.

when it goes down, you'll get whipsawed to death. you have all of about 2 minutes to make a decision to cover before the market marches up without looking back.

who cares about timing a buy...buy at any time and it'll go green in a bar or two.

That my friend is why everybody is a bull. Easier to get on board a little bit late and then watch a slow squeeze take place. Additionally, you are given hours / days to move up stops and reposition and watch 5 divergences on the hourly charts form before exiting. I will get bullish after this little effort is finished.

yeah...i was bullish up to last thursday when i figured it was about time for the bears...

i did exactly that, watch divergences, and the slow ramp up. boy, getting on the bears side really sucks...have to wait a week for some kind of pay off, only to watch it be taken back in half the time.

[SB73]

Bastards got within .02 of my stop...maybe that was TDO, but I like her.

[Al_Dente]

1 min
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

PAGING BARON
Please post yr NYHL
But even more important, please post something soft sweet Celine
thanks

[99er]

Folks in Japan

EURJPY http://99ercharts.blogspot.com/2012/01/eurjpy_13.html

Ever been to Scotland?

[Al_Dente]

I am watching this level for VIX:

nice one cougar, thanks

[KeiZai]

Greek debt talks break down

Some German lawmakers see Greek exit as manageable

[BullBear52x]

1 min
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

PAGING BARON
Please post yr NYHL
But even more important, please post something soft sweet Celine
thanks

It's easy to draw the trend but to trade the trend you need to get older haahaaaa. and here the sound of the day.http://www.youtube.com/watch?v=0IA3ZvCkRkQ&ob=av2n

[taggard]

So who gets the downgrades today in Europe? 3PM is the fun time!!!

I don't know but the S&P has been quiet lately while Fitch already released their updates. Today at close to get the news seems right. Markets need 3 days to digest anyway

...I need a job at S&P to help my sucky sucky trading skills.

TDO:
Have patience young one (For me, Cobra is best teacher for patience)
Today is bad for you? Tomorrow (Tuesday) will be much better
You’ll get ‘em; you’ll get ‘em good...
PS: I got my face ripped off already today in ZSL…I’ll get ‘em tomorrow too…I'll get 'em good

http://www.youtube.com/watch?v=XsYJyVEU ... re=related

roger that!

Nice point al. again with the questions. . ."what is the same about my sucky sucky trading skills" there is a tread running though all these events. We suspect the thread is inside since some traders are doing ok during the same periods. We suspect the surface level trade analysis will turn up a pattern--but that that pattern is based on habits--tendencies--leaned responses (thanks skinner) in short perceptions based one way or another on past events. Further we suspect that (because the conscious mind is layered in and of itself but also only a thin overlay of the majority of the brain (eg mind is the perceived portion of the brain--but not the brain)that the problem is deeper.

we do not need to solve the whole problem at every level--but we do need to investigate. the first step to investigation is to RELAX.

we must drop our emotional ties to the event to the extent we can--one way to do this is to relax and consider the larger picture. once relaxed we look for patterns in the past moves--we must start with the idea "we have no clue what the patterns are" or we will overlook some patterns and place overemphasis others (very likely in order of our existing preference for perception.

The second any fairly consistent pattern shows up (there is nothing more depressing than fixing an intermittent electrical problem in your car or brain) we have a place to start. the approach to finding this pattern should be the sort of intent and caution used in hunting an animal larger than we are in a dark forest. this sort of attention assures we pay attention and don't drop any stitches (season of the witch/which (problem is more the issue). once the hunted animal is found--we slowly close in (setting up the best possible situation) and finally from the best possible position of strength timing and physical position we strike.

This metaphor may seem over done--but the real thing to admit is that "the animal" is larger than us in the immediate term (which is why it is eating our lunch currently). our habits and past learned responses are SHORT TERM (ONLY) often larger than our ability to perceive/interpret and take action. their weakness is (1) their patterns--a habit is a pattern. (2) that they don't change and we can.

Hence we refer to The Art of War about what to do when facing a larger force--we slowly wear it down and then when it is weak or positioned badly (both) we go for the kill. (timing speed and power in that order)

[stucap]

Need a bear growl right about now to get that retest of the low....