Cobra's Market View

Amazing how it plays out over and over again - looks so easy in hindsight

What time duration from market open do you use to define the 'opening range'? The three which are commonly used, and for which database info stretches back at least ten years in most software applications, are the OR-15, OR-30, and OR-60. (Open to the 15min, 30min, or 60min mark.) :) @AnthonyCrudel...

champix wrote:Unstopable ?

trade war effect

Maybe some market participants read the trade war as NAFTA confined not the whole world?

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so in 45 minutes a measly 48 ES points - have to say missing this run up after a great entry at 2543 and a fear exit at 2548.75 feels worse than being stopped out for a point on regular days..

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Self doubt again..
H&S on ES 60 min just perfect with the classic lower right shoulder...
So simple..but not easy

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My Great Uncle was 23 yrs old in 1929 and had been trading in 1920's, was worth well over $2 million in 1929. I asked him specifically what was the feeling leading up to Oct 1929, he said everything was going great, no one was expecting a slow down, and the "crash" when it started to slid...

Futurestrader 71 had a lot of screenshots of Bookmap software in his morning briefing today. It was crystal clear the bids and asks away from price were all pulled when the market hit 2700. No way all those algos have the same programing so it has to be an agreement with the exchanges, part of the ...

Always longed for the opportunity to draw one of those zerohedge doom arrow charts...

True enough. The markets remained open, processing trades. It was the liquidity that evaporated. I was caught off guard by the 10 point plus instant step drops in the ES. I was unprepared for that type of move and suffered the consequences. Talking about unprepared, I forgot (go figure) that I had ...

" I would not classify the last ten to fifteen minutes of yesterdays ES regular session or post close as "orderly". :shock: Depends on definition of orderly. There was no flash crash or any malfunction. Imo it was simply an unexpected sell off, brisk deep sell offs are unexpected. If...

If true that all gaps get filled ...eventually.. Jan 4 is half filled now
there is still one Dec 8 /17...2639 to 49

and 11/21 /17 but that must be the exception
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cats: i luv u but i'm calling bullshit on just about everything BofA says; they've been wrong for 1+ year; now they're bragging about how "right" they were friday :roll: :roll: :roll: Isn't that how the prediction biz works ? Half calls in one direction the other half in the other directi...

"@AnthonyCrudele
Downside target (almost there in the meantime) 2768. Once at that level he will re-evaluate situation."

That was quick ...

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Pretty much everybody saw the H&S forming on 60 min (I posted my little chart with target 2800) So if everybody sees it everybody thinks it won't work and that's why it works. I did not even take a small position, just one contract. I guess it's called not acting on one's own prediction. Hard fo...

@AnthonyCrudele y'day said first hour close below 2835 = more down (that is his prop indi system)

Here his article he just sent out for slightly longer term view
http://www.futuresradioshow.com/blog/warning-sign-sp/

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Maybe too obvious and therefore will not play out - 60 min chart H&S in the making? Visit 2800?

Relentless.. if you think it can't go higher.. the market has no obligation to act in reasonable fashion

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One hour chart RTY Russell 2000 - looks like "blockchain" was added to the index ticker couple hours ago.
Maybe a bad idea but I had to go short here. At some point the area below has to fill at least a little

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And there goes the ES back below VWAP and the Mid after 3 hours of nothing. Selloff into the close perhaps. ES trading range 10.75 so far for the day. From noon till now not even 5 points. As Eric Scott Hunsader @nanexllc pointed out you make more money sleeping, just program your platform to buy m...

... The trick is turning that "paper wealth" into cash! Yet another reason why these crypto's look more like penny stocks or dot.com bubble stocks at this time. ... there are just a lot of problems with these things that haven't been resolved. I have many friends with the Crypto holding b...