02/13/2014 Live Update

[Cobra]

members only update at 1:55 pm
http://www.cobrasmarketview.com/2014/02 ... ay-update/

[kaiboliu]

P-bar I saved off from MrMiyagi about a week ago still a few to be hit.

[Cobra]

this bull shall still have legs.

[rhight]

If I were a rabid contrarian, like I used to be, I take out a short at 2:00 and hold for an hour ; but the momentum is up (until it's not) Healthy ND on FXE:FXY cross

[Al_Dente]

Greetings Pilgrims,
Does anyone trade using Renko for short term swings? Not my method, but have been messing with some settings on a 15 min SPX chart with a 1 point interval, and as long as you trade in the direction of a higher order MA (60 min 20ma for example), the results look pretty good using a PSAR stop - comments?

I’ve been dicking around with el renko forever
I’ve pretty much settled on 30 min
It does the job of confirming not predicting a trend
The renko setting distorts anything u put with it; sometimes that distortion is helpful

[fehro]

SPX 60m.. any thoughts on profit taking prior to the long holiday weekend?... with markets closed on Monday... MacD higher than the previous highs..

[Al_Dente]

$SPX: Hourly momentum is not aligned with a substantial move

I always love it when u post that momo chart
why?
because I can understand it
thanks A

[Al_Dente]

members only update at 1:55 pm
http://www.cobrasmarketview.com/2014/02 ... ay-update/

COBRA
Thanks for sticking with us today and posting your updates even though u had meetings
We don’t thank u much so u might think we take u for granted
WE DO NOT

[rhight]

I'm looking at 1832.4, that was last support on 1/21, just before the dive, also corresponds to possible downtrend channel on daily - although, I expect higher prices now with the relentless up ticks

[BullBear52x]

Bulls scenario.

[fehro]

SPX 60m newer lines and channels.. messy possible bearish wedge.. pretty steep.. fwiw.

[BullBear52x]

it is what it is folks, Peace!

[rhight]

Greetings Pilgrims,
Does anyone trade using Renko for short term swings? Not my method, but have been messing with some settings on a 15 min SPX chart with a 1 point interval, and as long as you trade in the direction of a higher order MA (60 min 20ma for example), the results look pretty good using a PSAR stop - comments?

I’ve been dicking around with el renko forever
I’ve pretty much settled on 30 min
It does the job of confirming not predicting a trend
The renko setting distorts anything u put with it; sometimes that distortion is helpful

The attachment 213renko.png is no longer available

Thanks for posting Mr Al, I'll check that out, although my swing system in pretty nailed down,
I was just messing with this as a day trade idea, would have worked well the last few days, but keeping eye on the minor daily trend would be key

[pezhead9000]

If I were a rabid contrarian, like I used to be, I take out a short at 2:00 and hold for an hour ; but the momentum is up (until it's not) Healthy ND on FXE:FXY cross

Watching the USD/JPY cross and thinking the same thing - looking for another sign to confirm

[rhight]

Are bonds leading stocks, since yesterday noon?

[MrMiyagi]

!!!! POWER HOUR !!!!

[Cobra]

members only update at 3:03 pm
http://www.cobrasmarketview.com/2014/02 ... ay-update/

[johnnywa]

SPX 60m.. any thoughts on profit taking prior to the long holiday weekend?... with markets closed on Monday... MacD higher than the previous highs..

Wait for the daily to top out,those can imbed up there for 3-5 days,daily has a long ago before they top out,unless u trade 2-5 days out

[TraderGirl]

Possible ending wave soon...

[fehro]

Since overlays are all the rage.. here's one for you on the Nasdaq... pattern matching kinda... current time frame compressed to meet previous time frame for pattern..
for entertainment purposes only!.. Weekly 2009-2014 / 1997-2000 near the 5000 highs..