Cobra's Market View

Cobra wrote:

pidge66 wrote: Cobra, when do we switch from counting H1's to counting L2. Trend break? Elliott wave count? Are we counting L1 now? TIA.

Require some experiences. I don't think AI's way good for beginners.

For beginners, OR breakout is the best way to go, but I cannot tell you the secret, you cannot trade every OR breakout, once you grasp the real concept of OR breakout, you'll have above 80% chances.

For AI method, you have to feel the strength of the current swing, if it's strong, you must go with the trend, but if it feels weak especially the 2nd try, then you may think about reversal. A good way to begin with AI method is you trade only the trend day. What's the trend day? Simple, when you constantly think of (or more precisely afraid of) a reversal that day, it's a trend day!

MajorEasy wrote:Can sell in May and go away be the right call??
nice down turn on the e-mini s&p (@esu11)

jyao wrote:

Cobra wrote:

pidge66 wrote: Cobra, when do we switch from counting H1's to counting L2. Trend break? Elliott wave count? Are we counting L1 now? TIA.

Require some experiences. I don't think AI's way good for beginners.

For beginners, OR breakout is the best way to go, but I cannot tell you the secret, you cannot trade every OR breakout, once you grasp the real concept of OR breakout, you'll have above 80% chances.

For AI method, you have to feel the strength of the current swing, if it's strong, you must go with the trend, but if it feels weak especially the 2nd try, then you may think about reversal. A good way to begin with AI method is you trade only the trend day. What's the trend day? Simple, when you constantly think of (or more precisely afraid of) a reversal that day, it's a trend day!

Cobra, what OR and AI mean? sorry, i am not good at abbreviation.

Cobra wrote:

pidge66 wrote: Cobra, when do we switch from counting H1's to counting L2. Trend break? Elliott wave count? Are we counting L1 now? TIA.

Require some experiences. I don't think AI's way good for beginners.

For beginners, OR breakout is the best way to go, but I cannot tell you the secret, you cannot trade every OR breakout, once you grasp the real concept of OR breakout, you'll have above 80% chances.

For AI method, you have to feel the strength of the current swing, if it's strong, you must go with the trend, but if it feels weak especially the 2nd try, then you may think about reversal. A good way to begin with AI method is you trade only the trend day. What's the trend day? Simple, when you constantly think of (or more precisely afraid of) a reversal that day, it's a trend day!

jyao wrote:

Cobra wrote:

pidge66 wrote: Cobra, when do we switch from counting H1's to counting L2. Trend break? Elliott wave count? Are we counting L1 now? TIA.

Require some experiences. I don't think AI's way good for beginners.

For beginners, OR breakout is the best way to go, but I cannot tell you the secret, you cannot trade every OR breakout, once you grasp the real concept of OR breakout, you'll have above 80% chances.

For AI method, you have to feel the strength of the current swing, if it's strong, you must go with the trend, but if it feels weak especially the 2nd try, then you may think about reversal. A good way to begin with AI method is you trade only the trend day. What's the trend day? Simple, when you constantly think of (or more precisely afraid of) a reversal that day, it's a trend day!

Cobra, what OR and AI mean? sorry, i am not good at abbreviation.

cletus wrote:****************
TRADE ALERT
****************

Doubled exposure to IYR Sep 62 calls at 1.21

pidge66 wrote:I'll study the OR setup this weekend. THanks!

BTW, SPY 127.60 may be of interest. May be a magnet. It's last week's close. Are we going to have 7 down weeks in a row!?

cletus wrote:

HK88 wrote:

cletus wrote:Everyone who thinks we're in a bear market would do well to read this

http://tradersnarrative.wordpress.com/2 ... ging-bull/

Well, that is from June 1st (the chart as well), I wonder how it looks right now

Even if it flashes a signal, the top will not be in yet

BBFinance wrote:
There are many kinds of top, short term top, intermediate term top and long term top. Which one you are referring to?
The long term top is not in yet till Sept. Intermediate term, the top has been in at S&P 1370.

bbc wrote:

jyao wrote:
Cobra, what OR and AI mean? sorry, i am not good at abbreviation.

AI - Brooks, Al - Reading Price Charts Bar by Bar
OR - open range.

Cobra wrote:

jyao wrote:
Cobra, what OR and AI mean? sorry, i am not good at abbreviation.

go to Getting Start, you'll see everything there. actually what's in there are perhaps the most precious things to me, sadly not many people paid attention. Some experienced traders do know the value there.

cletus wrote:

BBFinance wrote:
There are many kinds of top, short term top, intermediate term top and long term top. Which one you are referring to?
The long term top is not in yet till Sept. Intermediate term, the top has been in at S&P 1370.

Bull market top (long term)

BullBear52x wrote:Warning! max pain 129 is out the door, option bulls lost. spy trades below 127 today see you at 125ish (123.88 per my dream last night)