12/13/2011 Intraday Watering

[dcurban1]

hi guys, does that look like a cup&handle broke out on the dollar for the daily chart? if it is, we are looking at dollar blasting off to $85 very soon. right now dollar is at short term resistance on hourly chart.

UUP breaks out, watch RSI to not drop back under 50 line here. I am Dollar bullish.

Watch out for the futures rollover which occurs quarterly. I got stuck on a June trade with a bad rollover. The dollar was up but UUP went flat.

[waverider]

based on chart patterns and internals (TICK/VIX/TNX) my usual screen.

Do you have charts on stockcharts for $bpspx, etc? I have renkos for you to yank if your interested.

I have stockchart.com shoot me the input.[/quote]

I got this chart from an experienced trader who's been around for a while. He says that whenever $BPSPX prints red (it did on friday), risk is off. You can do the same for $bpcompq, fina, etc.

http://stockcharts.com/h-sc/ui?s=$BPSPX ... =250906937

[cougar]

SPY revisited:

[99er]

The Fed

5 Markets the Federal Reserve has Buoyed

http://wallstcheatsheet.com/federal-res ... ed-2.html/

[BullBear52x]

based on chart patterns and internals (TICK/VIX/TNX) my usual screen.

Do you have charts on stockcharts for $bpspx, etc? I have renkos for you to yank if your interested.

I have stockchart.com shoot me the input.

I got this chart from an experienced trader who's been around for a while. He says that whenever $BPSPX prints red (it did on friday), risk is off. You can do the same for $bpcompq, fina, etc.

http://stockcharts.com/h-sc/ui?s=$BPSPX ... =250906937[/quote]
Thanks, I saved it in my chart book.

[minthan]

based on chart patterns and internals (TICK/VIX/TNX) my usual screen.

Do you have charts on stockcharts for $bpspx, etc? I have renkos for you to yank if your interested.

I have stockchart.com shoot me the input.

I got this chart from an experienced trader who's been around for a while. He says that whenever $BPSPX prints red (it did on friday), risk is off. You can do the same for $bpcompq, fina, etc.

http://stockcharts.com/h-sc/ui?s=$BPSPX ... =250906937

Thanks, I saved it in my chart book.[/quote]

May I ask to have some of your favorite links in your chart book that you check daily? I am trying to collect some links to help me make a high probability trade because right now I'm a break even kind of guy. TIA.

[Cobra]

the number n times touch, so it should not hold here, breakout is very likely.

[waverider]

No problem, you can see that $bpfina is still bullish lately. No red prints here, and that's been validated by buying pressure in financials relative to other assets lately.

[Cobra]

target. I think the morning high will be revisited, if not today then tomorrow or the day after tomorrow. based on statistics.

[stucap]

still looks like an Ascending Triangle therefore the bias is up.

target? oops got one already...thx cobra.

[superxy]

target. I think the morning high will be revisited, if not today then tomorrow or the day after tomorrow. based on statistics.

so no low will be tested?

[TWT]

EUR: MAYBE THIS ONE

[DRL]

No problem, you can see that $bpfina is still bullish lately. No red prints here, and that's been validated by buying pressure in financials relative to other assets lately.

There are red prints. You need to scroll over to the right to see the last few days

[BullBear52x]

based on chart patterns and internals (TICK/VIX/TNX) my usual screen.

Do you have charts on stockcharts for $bpspx, etc? I have renkos for you to yank if your interested.

I have stockchart.com shoot me the input.

I got this chart from an experienced trader who's been around for a while. He says that whenever $BPSPX prints red (it did on friday), risk is off. You can do the same for $bpcompq, fina, etc.

http://stockcharts.com/h-sc/ui?s=$BPSPX ... =250906937

Thanks, I saved it in my chart book.

May I ask to have some of your favorite links in your chart book that you check daily? I am trying to collect some links to help me make a high probability trade because right now I'm a break even kind of guy. TIA.[/quote]
I don't use Stockchart.com that much, I am more of a chart pattern, Fib, MA, MACD guys, I use interactive chart, so, no special set up but day to day operation on short term chart pattern stuff.

[soku]

i think we can reach 1240-1242 es before 2:15. on news it could go either way. fasten yr seat belt.

[KENA]

COBRA..Why don't you entertain the idea to make a statement about 1/2 hr befor closing each day on your paid web site on what you think the mkt may do.This would help a lot in making decisions to hold over night.

[HighRev]

Everyone ready for FOMC fireworks?

[uempel]

Food For Thought

Have a Futures Account on the CME? Sleep well.
Your money is in the hands of those who know nothing.

http://jessescrossroadscafe.blogspot.co ... in_13.html

99, I don't agree with Jesse. It would be quite astonishing if MF transactione were already sorted out. If I have several open trades simultaniously it can last up to 3 days till they get sorted out. A guy once explained the CME procedure to me and it made sense. It's something to do with their clearance system, I don't remember the details.

I don't know what happened to open positions when MF filed - if positions were stopped out or whatever, but it sure ain't easy to sort out thousands of positions valued at billions of $ in a matter of days...

[Cobra]

FOMC announcement in 5 minutes.

[fusuke]

That's a great idea KENA. Seconded.

COBRA..Why don't you entertain the idea to make a statement about 1/2 hr befor closing each day on your paid web site on what you think the mkt may do.This would help a lot in making decisions to hold over night.