Cobra's Market View

by the way, Chinese people in my Chinese forum sometimes call me: Laoda, which means boss. Usually it means boss of a gang group. Just to let you know as I see AK84 and some other English speaking guys call me Laoda too, so maybe you want to know the meaning of Laoda.

99er wrote:BB52X:

How would you like it?
Time frame and indicators?

time frame

/es will definitely visit 1313 pivot at some point... i like this area to add to my longs. might get as low as 1307, the 50% retracement.

BB52X:

I mean W, D, 4H, H or shorter?

99er wrote:BB52X:

I mean W, D, 4H, H or shorter?

Oh, the 4h one.

Still long EDZ

99er wrote:BB52X:

How would you like it?
Time frame and indicators?

I'm waiting for a turn up in the 60 min. time frame

Good luck all. Watch your trade bias and don't be too eager. Better to miss a trade than to have your ass handed to you. IMHO

maintain the target. especially I've already partial-ed out some of my short on the uemple comments that 1320 could be the support, I though it's ES 1320, so I partial-ed out, this usually means more on the downside, so that I would hate uempel.

by the way, if my statistics right again, if that 75% chances target not reached today, we reverse right here to the galaxy far far away, the current low would be revisited in a day or two, 90%+ chances, so go figure yourself.

1313 here we come...

BB52X

Copper
AB=CD target of 3.66.
http://99ercharts.blogspot.com/2011/07/copper_11.html

Cobra wrote:by the way, Chinese people in my Chinese forum sometimes call me: Laoda, which means boss. Usually it means boss of a gang group. Just to let you know as I see AK84 and some other English speaking guys call me Laoda too, so maybe you want to know the meaning of Laoda.

Yes, I was wondering about that, I thought it might mean Cobra..

new low after 10:30am ET, so 90% chances Open > Close today. The last Friday, we had the same lower low after 10:30am ET, but the 90% chances failed as we eventually had open < close. The question is: will this 90% chance fail again? 2 days in a row?

Look at oil crashing. No bid.

Cobra wrote:new low after 10:30am ET, so 90% chances Open > Close today. The last Friday, we had the same lower low after 10:30am ET, but the 90% chances failed as we eventually had open < close. The question is: will this 90% chance fail again? 2 days in a row? :roll:

today should be different :?

rhight:

Great chart! So informative at just one glance. StockCharts sure looks appealing as a charting tool.

maintain the target. also the text book target for bear flag marked on the chart as well.

i love this market. full of manipulation, full of volatility, full of chance.
the bad part is i was fooled by the market and close my shorts at 1321. now 1321-22 area becomes res and there is weak support around 1314-1316, another weak one around 1310, and a strong support at 1301

cheech wrote:Look at oil crashing. No bid.

well not really 'crashing'.. still higher than low of the day.

jamesmith wrote:

Cobra wrote:new low after 10:30am ET, so 90% chances Open > Close today. The last Friday, we had the same lower low after 10:30am ET, but the 90% chances failed as we eventually had open < close. The question is: will this 90% chance fail again? 2 days in a row?

today should be different

most likely we close LOD (low of the day), I guess simply because I partial-ed out too early.