Cobra's Market View

Hey, Ultramarine (if you are still there), Did you get into a short today? Was just wondering if you tried to use the stochastics approach. I personally bought TZA using stochastics, but I cheated and got in a little before it hit 20. Thanks. I did add to my shorts today using SPY puts. I did not a...

Honey? EURUSD http://99ercharts.blogspot.com/2011/10/eurusd_9711.html How do you say "clowns" in German? Your charts are confusing and your comments are ambiguous. 99er does assume a basic familiarity with charting. But when he is disparaging towards Germans or makes reference to weiners,...

Hi sk, I hope you haven't took off for the weekend yet. I was wondering what are you using for sl and trailing sl. are you implementing atr in your setup? Hope YOU didn't take off! ;) No, I am not implementing atr in my setup. I should probably consider this. I don't have a set stop-loss. I wait fo...

Cobra wrote:well, guess that's it for today. we probably will see new high the next Monday. Thank you guys, I'll see you the next Monday.

Thanks Cobra. Have a good weekend !

Will do! Thanks for sharing. One question. It stays overbought or oversold for a long time with the 144,3,3 parameters. Do you wait for hits to the 20 line for going long or are you relying more on a bullish crossover with the signal line? I noticed it didn't quite make it down to the 20 line yeste...

99er wrote:Wieners

Grilled beef hot dogs for lunch.

SPX http://99ercharts.blogspot.com/2011/10/spx_1204.html

In other words, the Bulls are done.

Wieners...as in bratwurst and other German sh*t.

Thanks. Maybe I will call you Jude the Obscure...

UPDATE (gave more specifics -- see blue highlight) FYI ... since I have "been there" and learned: I took profits today on my TNA trade. Got in yesterday at 38.38 and exited today at 42.02. Triggers: 10MA < 20MA on 5 minute and stochastics on the 15MA hit 78. Note: I use a 144/3/3 paramete...

99er wrote:Updates

EURUSD http://99ercharts.blogspot.com/2011/10/eurusd_3144.html
ES http://99ercharts.blogspot.com/2011/10/es_7682.html

Wiener time.

Sorry, I'm not sure what you mean by that.

UPDATE (gave more specifics -- see blue highlight) FYI ... since I have "been there" and learned: I took profits today on my TNA trade. Got in yesterday at 38.38 and exited today at 42.02. Triggers: 10MA < 20MA on 5 minute and stochastics on the 15MA hit 78. Note: I use a 144/3/3 paramete...

UPDATE (gave more specifics -- see blue highlight) FYI ... since I have "been there" and learned: I took profits today on my TNA trade. Got in yesterday at 38.38 and exited today at 42.02. Triggers: 10MA < 20MA on 5 minute and stochastics on the 15MA hit 78. Note: I use a 144/3/3 paramete...

Bulls are in trouble here. Breaking below 123 and morning gap. Could we actually get a gap fill today?

5/10 ema cross on the 5 min chart now. Let's see if this bull flag holds up.

Charts Generally speaking, when looking at my charts, please look at the slope of a channel to determine where I think the trend is. Often, there will be a grid (grey) in the background which aims to capture the longer term channels going both up and down. Colored channels show my view of the short...

SPX I am bearish here, expecting prices to tumble from the upper channel line (purple) past the mid-channel and down to the lower channel line where the Wolfe Wave target (magenta) rests. This may prove to be a rapid descent. Put another way..."Surf's up." Which colour is magenta exactly?...

99er wrote:SPX
http://99ercharts.blogspot.com/2011/10/spx_6145.html

"All aboard!"

This bus wants the fast lane.

Thanks for the chart, 99er.

Sorry to be dense, but you are implying it will follow the purple line lower that culminates at 1215?

agnosia, you should put your entry price along the exit this way it's easier to see the price entry, I never saw your entry for CL yesterday as you posted today, and then you said you were long from yesterday from 88, after cl was already up, please post your entry price, thanx Yes, There some one ...

Just broke 122. I went short via SPXU.

I can see that bonds did not confirm this move higher. The short bond ETFs like TBT made lower highs today compared with last week. Euro also.

Petsamo wrote:Question for tomorrow: If we gap up like I suspect, do we press the sell button at the opening bell?

I would be very tempted to do just that. I just hope there is a gap up still left to short.

tdo722 wrote:

MrMiyagi wrote:

tdo722 wrote:My finger is on 4000 shares SDS.

Just waiting for the signal to hit submit or not.

What is your signal?

50% at 121 spy, and the other 50% at 120.27

Thanks. A good plan I think. I was also watching for the cross on the 10/20 ema on the 5 min chart.