08/05/2014 Live Update

[ALdaytrade]

breakout still very tempting. 7 min to close. I'll pass, I swear... You know, early worm gets eaten, man!

I just notice that your target get reached, if not at that moment, then later. Just like the blue down target was reached.

that cyan target only counts as partially fulfilled. the rebound from 12:30 to 1:30 is too large, so that measured move already done. later even it's 100% fulfilled, it doesn't count anymore. I personally rarely STRICTLY follow my target, so it's just for reference, therefore not important whether 100% fulfill or not. As long as direction is right, everything should be smooth.

Thanks for the explanation!

[Royal Flush]

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Yesterday's close was 193.89 and Pbars are to 193.90 so bets are for gap closure.

[BlondU]

Any thoughts about German Dax index? It is in a free fall over the last two weeks or so...with lower lows each day and without any significant bounce...

[nysefloortrader]

Ok, so I cannot stay on teh floor computers long here, so I will let you in what is happening.

Big paper here is getting ready to SELL BIG TIME in the next few days. They Have the VIX up a few more points, and they will push that, so THURS - FRI sell rallies. Stay with smart money there.

So next, you need to look for FULL MOON dates, this happens next week, these evil guys are already planning on setting things up then, that is all I will tell you.

For now the BIG PAPER on the trading floor is STFR for now! Especially if we get nice pops up ok.

Need to get off this computer now. Good luck.

[jack black]

OK I have been puzzled by p-bars since I learned about it here some time ago.
I was googling for fractals in stock markets this PM and this old post caught my attentions: http://www.zerohedge.com/article/fracti ... go-gimmick

What it the P-bars were the algo attempt to trigger some limit orders and move markets in that direction, or at least create some instant volatility to profit?

Discuss?

[jack black]

Any thoughts about German Dax index? It is in a free fall over the last two weeks or so...with lower lows each day and without any significant bounce...

Simple, Russian economic sanction are hurting German economy. Man, that thing lost near 10% and sits on lower weekly BB. Why I was shorting silly XLF and IBB when I could have been shorting DAX?

[Out of Bounds]

Ok, so I cannot stay on teh floor computers long here, so I will let you in what is happening.

Big paper here is getting ready to SELL BIG TIME in the next few days. They Have the VIX up a few more points, and they will push that, so THURS - FRI sell rallies. Stay with smart money there.

So next, you need to look for FULL MOON dates, this happens next week, these evil guys are already planning on setting things up then, that is all I will tell you.

For now the BIG PAPER on the trading floor is STFR for now! Especially if we get nice pops up ok.

Need to get off this computer now. Good luck.

[Wallstreetrader]

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