02/07/2013 Live Update

[JFR]

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Mr. Miyagi,can u explain phantom bars,this is the only website i see these... TIA

Send him the busy, taped pm, MrMiyagi. But while you are at it, where did the nickname "pbars" come from?

phantom? OK I get it ...

[MrMiyagi]

Send him the busy, taped pm, MrMiyagi. But while you are at it, where did the nickname "pbars" come from?

phantom? OK I get it ...

Yes, correct, phantom bars, ghost bars.

Mr. Miyagi,can u explain phantom bars,this is the only website i see these... TIA

Hey, good thing I wrote this Yesterday!


It's a good thing I saved this email because I write this info out 10 times a month! It is off of TD Watrehouse platform.

We see these come up mainly on SPY IWM QQQ and DIA as well as some stocks like AAPL IBM and others.
Although we don't know the exact source, we have debated this a million times before, commonly we believe they are the HFT trading machines slipping up and "showing"their hand, so to speak.
Usually these price tags get hit within 10 days and the stock or ETF's price will then rest or turn around from the targets they point to.
Don't use any of these pbars as analysis!! They are somewhat predicative but have zero timeline; they can happen the same day, next day or never. I'd say they are about 70% accurate, as in they get hit that often.

We have had some long discussions about these before, I can assure you that they are NOT glitches.

[Al_Dente]

There’s no such thing as a cinco bottom
Let’s call it an octopus bottom
Whatever u want to call it… it offers formidable support, a break of which would be heinous

http://www.youtube.com/watch?v=OMAIsqvTh7g

[Cobra]

if bulls can consolidate above the double bottom neckline then it's bullish. wait.

Lunch time, will be back.

CatLickingCandy.JPG (15.74 KiB) Viewed 4453 times

[johnnywa]

Send him the busy, taped pm, MrMiyagi. But while you are at it, where did the nickname "pbars" come from?

phantom? OK I get it ...

Yes, correct, phantom bars, ghost bars.

Mr. Miyagi,can u explain phantom bars,this is the only website i see these... TIA

Hey, good thing I wrote this Yesterday!


It's a good thing I saved this email because I write this info out 10 times a month! It is off of TD Watrehouse platform.

We see these come up mainly on SPY IWM QQQ and DIA as well as some stocks like AAPL IBM and others.
Although we don't know the exact source, we have debated this a million times before, commonly we believe they are the HFT trading machines slipping up and "showing"their hand, so to speak.
Usually these price tags get hit within 10 days and the stock or ETF's price will then rest or turn around from the targets they point to.
Don't use any of these pbars as analysis!! They are somewhat predicative but have zero timeline; they can happen the same day, next day or never. I'd say they are about 70% accurate, as in they get hit that often.

We have had some long discussions about these before, I can assure you that they are NOT glitches.

If i was to picture Cobra he would look exactly like Mr Miyagi

[MrMiyagi]

There were 2 low ones that did not get tagged and exited stage right.

[johnnywa]

We are going down,5 hours and one little bounce,rsi creeping up and now room to fall to new lows

[Al_Dente]

There were 2 low ones that did not get tagged and exited stage right.

NICE recap MrM thanks

[KeiZai]

Nasdaq is market for kids or rookies ....buy low sell high...easy

[MrMiyagi]

NICE recap MrM thanks

You're welcome Al,
QQQ, nothing before 5 days.

[Al_Dente]

Nasdaq is market for kids or rookies ....buy low sell high...easy

yeah that’s too easy homey
this one easy too

[Al_Dente]

tryin to take out the bear-stops

[Al_Dente]

nydec 1800 (down from 2000)
nyadv 1000 not good enough yet
range sqz
(if this 5m bar CLOSES red... fuggetaboutit)
http://www.youtube.com/watch?v=ArgMK2kAjzw

[rocket]

Bolinger extremely tight on the 15 min. Big move coming?

[uempel]

I'm still long, but I want the 1506/08 resistance to be broken to the upside

[KeiZai]

Nasdaq is market for kids or rookies ....buy low sell high...easy

yeah that’s too easy homey
this one easy too

The attachment 27aapl.png is no longer available

15m looks flaggish/triangle, in bigger TF zigzagish but look like wants to go higher

GL with collecting windfall apples

[nambip]

Cobra,

Can you comment on the EUR/USD chart , its been down huge and wondering if the first rebound already started.

Thanks

[johnnywa]

I'm still long, but I want the 1506/08 resistance to be broken to the upside

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Come on UNEMPLOY i be pulling for ya

[Cobra]

Cobra,

Can you comment on the EUR/USD chart , its been down huge and wondering if the first rebound already started.

Thanks

No, I don't see 1st rebound started but should be a rebound of some kind in the coming days.

[uempel]

Cobra,

Can you comment on the EUR/USD chart , its been down huge and wondering if the first rebound already started.

Thanks

If you want to trade currencies and don't know the indicators yourself, don't know how to apply them, you're sure going to lose your trading capital. This isn't a reproach, it's a fact