Cobra's Market View

XIV staying within boundaries of bear wedge for now....

uempel wrote:

TWT wrote:DAX Future: It looks reasonable tha price is unfolding a Double ZZ

Don't know if anybody here trades DAX futures at eurex, but I've got a signal here for 10:32 am, and presumably it's a short. As to DAX - all of you guys who don't like SPX, DAX is very rewarding: vola about 60% higher than SPX.

Well, it was a long, not a short . Trading can be tricky .

Cobra -- I need a leg count -- still leg #1?????

It would be nice to see market's moves to many other FOMC meetings, not just the last one. Reaction around one meeting is somewhat irrelevant but wanted to share just as just one little piece of info.[/quote]

Here's the history of reactions to FOMC statements:

This board is great. Thanks


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PLUNGE wrote:It would be nice to see market's moves to many other FOMC meetings, not just the last one. Reaction around one meeting is somewhat irrelevant but wanted to share just as just one little piece of info.

Here's the history of reactions to FOMC statements: [/quote]

Awesome chart! Thanks PLUNGE!!

Tradergirl, I have a similar chart, but I have us breaking the XIV bear channel top. I had this line drawn for quite some time now, didn't draw it today. I think the difference is I didn't include the little tail on top of the large red candle. To paraphrase William Carlos Williams, "So much depends upon a red candle wick".

H2 long, let' see.

ClarkW wrote:

PLUNGE wrote:It would be nice to see market's moves to many other FOMC meetings, not just the last one. Reaction around one meeting is somewhat irrelevant but wanted to share just as just one little piece of info.

Here's the history of reactions to FOMC statements:

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Awesome chart! Thanks PLUNGE!![/quote]

Yes, nice chart plunge!!

TraderGirl wrote:

ClarkW wrote:

PLUNGE wrote:It would be nice to see market's moves to many other FOMC meetings, not just the last one. Reaction around one meeting is somewhat irrelevant but wanted to share just as just one little piece of info.

Here's the history of reactions to FOMC statements:

sc.png

Awesome chart! Thanks PLUNGE!!

Yes, nice chart plunge!! [/quote]

it seems if we lead into the meeting on our way up, it reverses (soon after), and vice a versa. very general observation...

SPX....???

OverUnder wrote:Tradergirl, I have a similar chart, but I have us breaking the XIV bear channel top. I had this line drawn for quite some time now, didn't draw it today. I think the difference is I didn't include the little tail on top of the large red candle. To paraphrase William Carlos Williams, "So much depends upon a red candle wick".

I guess we will see if it means anything soon....

champix wrote:

jarbo456 wrote:

champix wrote:Crude on fire ...

i'm still seeing a triangle which should resolve to the downside...what are you seeing champix?

Hi Jarbo,
On an intraday basis, I am looking for a point to go long with a target above 85.
On a short term, I am clueless as it could be indeed a triangle but I see a double bottom too (blue circle) that could lead to 92!
So I will wait to see which channel gonna break first.
On a longer term, I am really bearish (with a low target @ 55 USD...lol) but no charts to explain...

that's a drawn out double bottom!

and not really valid until a decisive break above 86. hahaha

but i see what you're looking at.

Yes, thanks Plunge, and btw love the MC Escher avatar.

Olé already...

Richarab wrote:This board is great. Thanks


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Enjoy! I guess most of us are sitting in some kind of office and staring at screens...

While in Thailand and most my travels I do a lot on this iPhone
Trading included
Last night my time I had a long on ES futures - placed for first time what I thought would behave as OCO
But not so - tdameritrade app won't let you place dueling orders btw - so what happened? My stop order got filled then later my other "stop" got filled as buy - then I ordered another 20 contracts - on my phone - but This was a close - and at 1347! So I got hammered on the sell I shouldn't have had and missed the buy I wanted!
Needless Andy at TOS said he would reduce my futures transaction fees to $1.00 - but that does little to assuage what looks to be a $60k snafu

Note to all on TOS mobile - don't place competing orders and then go to sleep

Btw - house for sale - Kuwait - will send photo later - while not freehold, I promise not to pull the oriental rug from under you


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it was a successful H2 long. now testing the morning high, so key time. chart looks not bad though.

I can't really follow that "start here" piece on H1 and H2. Can you explain again how you determine H1 and H2, maybe with new words I can get it.

Cobra wrote:it was a successful H2 long. now testing the morning high, so key time. chart looks not bad though.

It's explained in "Newcomer? Pls visit the Getting Started section first".