Re: 12/02/2011 Intraday Watering
Posted: Fri Dec 02, 2011 12:53 pm
Out of my short, profit a measly $0.28 pennies on 1000 shares. Not too shabby. If this slut gets back up to $125.61, I'd short again.
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12/02/2011 Intraday Watering
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Re: 12/02/2011 Intraday Watering
Posted: Fri Dec 02, 2011 12:54 pm
i'm a little confused today. financials and consumer non-staples are way over performing the market. strange.
Re: 12/02/2011 Intraday Watering
Posted: Fri Dec 02, 2011 12:54 pm
Chart suggests a big move at noon, not sure yet but I might go long.
Re: 12/02/2011 Intraday Watering
Posted: Fri Dec 02, 2011 12:54 pm
Thank you BB52x. I'd wish I can be trading next to you so I can take your advice.BullBear52x wrote:I map multi time frames chart pattern down to 1min. to make my move, RSI/MACD are my fav indicator to assist my decision. price pays mentality bring in yellow lines. I don't like to project price but I talk about it as road map, to come or not to come never surprised me, I try to learn and understand the market so I can flow with her not to doubt or fight against her intentions. chart patterns, short term moving averages is where the most profitable move in today's market.tdo722 wrote:Hi bb52x,BullBear52x wrote:see lots of positive bull possibilities, but who is holding long over the weekend? yellow line need to hold for today.
I hope you don't mind if I ask you this. Do you buy based on your RSI/MACD signal? Or based merely on your yellow lines?
I mean, for example, you sell if RSI is below 50?
Re: 12/02/2011 Intraday Watering
Posted: Fri Dec 02, 2011 12:55 pm
profit is profit!tdo722 wrote:Out of my short, profit a measly $0.28 pennies on 1000 shares. Not too shabby. If this slut gets back up to $125.61, I'd short again.
Re: 12/02/2011 Intraday Watering
Posted: Fri Dec 02, 2011 12:57 pm
I dunno about consumer non-staples, but the financials are very oversold, so it's time for them to outperform.jarbo456 wrote:i'm a little confused today. financials and consumer non-staples are way over performing the market. strange.
Re: 12/02/2011 Intraday Watering
Posted: Fri Dec 02, 2011 12:58 pm
thank you, we all get lucky sometimes.newbie_77 wrote:very good moveshorting around/at the top.
jaijailyc wrote:some resistance at around 1248... will close out half my TZA
Re: 12/02/2011 Intraday Watering
Posted: Fri Dec 02, 2011 1:00 pm
one cent shy of my target at $125.21, but my cover limit was at $125.22 
I covered half, let's see what's the next.
I covered half, let's see what's the next.Re: 12/02/2011 Intraday Watering
Posted: Fri Dec 02, 2011 1:03 pm
looks like $125.61 is intraday resistance for now.
Re: 12/02/2011 Intraday Watering
Posted: Fri Dec 02, 2011 1:03 pm
cobra, do you trade futures in your account?
Re: 12/02/2011 Intraday Watering
Posted: Fri Dec 02, 2011 1:04 pm
market is basically flat:Petsamo wrote:I dunno about consumer non-staples, but the financials are very oversold, so it's time for them to outperform.jarbo456 wrote:i'm a little confused today. financials and consumer non-staples are way over performing the market. strange.
JPM - 8%
MS - 7%
GS - 6%
BAC - 3.5%
DB- 3%
etc. etc.
not to be argumentative, but i'm not sure where you're getting the idea that financials are "very oversold". financials are actually pretty much flat or maybe even overbought on the shorter time frame. if you were saying this say, last friday, i would agree. but i have to disagree very much here.
so i'm curious as to what this is saying about the broader market direction.
Re: 12/02/2011 Intraday Watering
Posted: Fri Dec 02, 2011 1:05 pm
I'm out of my short as well. Could have made more but at least I see my mistake. Profit is Profit!
Re: 12/02/2011 Intraday Watering
Posted: Fri Dec 02, 2011 1:05 pm
yes.alvian33 wrote:cobra, do you trade futures in your account?
Re: 12/02/2011 Intraday Watering
Posted: Fri Dec 02, 2011 1:06 pm
Guess it will go lower as usually you will regret, right?Cobra wrote:one cent shy of my target at $125.21, but my cover limit was at $125.22
Re: 12/02/2011 Intraday Watering
Posted: Fri Dec 02, 2011 1:07 pm
why don't you post /es chart then, or you think spy is more reliable?Cobra wrote:yes.alvian33 wrote:cobra, do you trade futures in your account?
Re: 12/02/2011 Intraday Watering
Posted: Fri Dec 02, 2011 1:09 pm
Cobra, I'm new to your site and love it! Keep up the good work! I have a question and I apologize as you have probably covered this before. but... How do set your targets? Fibonacci Retracements? Secret sauce?
Re: 12/02/2011 Intraday Watering
Posted: Fri Dec 02, 2011 1:11 pm
could be a bearish rising wedge.. but seems a bit steep
Re: 12/02/2011 Intraday Watering
Posted: Fri Dec 02, 2011 1:13 pm
Thanks and welcome aboard!Carlos wrote:Cobra, I'm new to your site and love it! Keep up the good work! I have a question and I apologize as you have probably covered this before. but... How do set your targets? Fibonacci Retracements? Secret sauce?
For the target, it's Measured Move. The 2 tinted area are of the same size. I just draw the first rect then copy that rect, that's it. As for why, some are from experiences, but most are text book target if you know the pattern.
Re: 12/02/2011 Intraday Watering
Posted: Fri Dec 02, 2011 1:14 pm
could also be a bull flag on the larger frame on you chart, hard to sayfehro wrote:could be a bearish rising wedge.. but seems a bit steep
Re: 12/02/2011 Intraday Watering
Posted: Fri Dec 02, 2011 1:17 pm
Just finished up doing a weekly analysis on European market closes..... All I can say is 50/50 honestly.
Some have broken weekly RSI although still in their daily down channels. Some closed right at weekly RSI resistance.
Here is an exclusive sample before I do the weekend report.
Some have broken weekly RSI although still in their daily down channels. Some closed right at weekly RSI resistance.
Here is an exclusive sample before I do the weekend report.