Cobra's Market View

Hi Adam, the first page of "What I Learned Losing a Million Dollars" sums up the biggest misunderstanding and believe in trading itself. "One paradox I often pose to my audiences in talks about the elementsof successful trading concerns the dichotomy in human thinking asit relates to ...

@bruce

from my experience indices tend to creep downwards if they dont make a fresh low right at the start...so as cobra mentioned. spx was a bit too streched, small leg up followed by a downmove.

overall could be a dead cat bounce

Hi Cobra,

great work by the way. I got one question, so you move from ma20(5min) to ma20(15min) to ma20(1h) etc...to see possible sellers (buyers) and strength on a certain day? Is that correct?

@superxy

http://thepatternsite.com/BearEngulfing.html

At what time is opex done?

@fehro what the difference between a red and a green hammer? any statistical relevance?

thanks in advance

gapfill eod?

spx long 2055 (support area/gap closed/ma50)

constantin wrote:spy long 207,56 - normal correction from previous day (50% fibonacci) - sl below 61,8%

edit: sl set to be

target reached....trade closed

spy long 207,56 - normal correction from previous day (50% fibonacci) - sl below 61,8%

edit: sl set to be

gap should be closed $spy

exceeded future highs 2065 and successful breakout of the wedge. went long 2065.
-open range breakout to the upside.

so everything is fine for the long trade...targeting 208x area