05/10/2011 Intraday Watering

BullBear52x · Post by **BullBear52x** » Tue May 10, 2011 9:43 am

Not looking that bullish, I can only sell for daytrading not buy here.

Post by **Cobra** » Tue May 10, 2011 9:43 am

gabor wrote:
Cobra wrote:The open. any of you remember the 3rd push I mentioned in yesterday intraday comment? Now here it is.
You were absoluterly right. You are a good Elliottist!

No, I don't do Wave Count. But my blog worth your visits as I'm very unique. You'll know as soon as you become a regular visitor.

Post by **Cobra** » Tue May 10, 2011 9:44 am

ysc wrote:
Cobra wrote:Oh, my god, how many people here don't know that the intraday comment is just a minor addition to my daily report?

By the way, if possible when you shop at Amazon, please use my link on my blog, thanks.

I bought somoething from Amzon twice last week and use the link from Hutong9 link. Hope Amzon give you the cedit soon.
Even I lost big on AMZON trades.

Thanks for keeping this board work.

YSC

Thanks.

soku · Post by **soku** » Tue May 10, 2011 9:44 am

morning gang. interestingly for 2nd day in a row, my measured equilibrium at open = vwap = 1346.5. market will tell us his preference.

Post by **Cobra** » Tue May 10, 2011 9:46 am

should be more on the upside. so I'll maintain the target I mentioned at the very beginning.

soku · Post by **soku** » Tue May 10, 2011 9:47 am

gabor wrote:
Cobra wrote:The open. any of you remember the 3rd push I mentioned in yesterday intraday comment? Now here it is.
You were absoluterly right. You are a good Elliottist!

lol u sure u read his blog? pretty long i know, but worth to spend some time b4 open everyday.
cobra mentions ew from time to time, but i think most of the time he adopts from 1 ew guy.

Post by **Cobra** » Tue May 10, 2011 9:50 am

yes, breakout. but I think there's more, the red line moving average resistance should not be a problem. I'm aiming higher...

maldini · Post by **maldini** » Tue May 10, 2011 9:53 am

Cobra wrote:yes, breakout. but I think there's more, the red line moving average resistance should not be a problem. I'm aiming higher...

Is today a typical 15-min OR breakout?

maldini · Post by **maldini** » Tue May 10, 2011 9:54 am

IWM already higher high.

Post by **Cobra** » Tue May 10, 2011 9:54 am

measured move target, yeah, that's what I'm talking about.

gabor · Post by **gabor** » Tue May 10, 2011 9:55 am

yoku wrote:
gabor wrote:
Cobra wrote:The open. any of you remember the 3rd push I mentioned in yesterday intraday comment? Now here it is.
You were absoluterly right. You are a good Elliottist!
lol u sure u read his blog? pretty long i know, but worth to spend some time b4 open everyday.
cobra mentions ew from time to time, but i think most of the time he adopts from 1 ew guy.

How is that EW guy? You?

uempel · Post by **uempel** » Tue May 10, 2011 9:55 am

Very slow start to the trading day, breakout not very impressive. If this is not a bull trap next resistance is up at 1354/56. I'll enter half a short-position at that level with a stop-loss at 1361:

Post by **Cobra** » Tue May 10, 2011 9:56 am

maldini wrote:
Cobra wrote:yes, breakout. but I think there's more, the red line moving average resistance should not be a problem. I'm aiming higher...
Is today a typical 15-min OR breakout?

Nope. but trade-able because apparently it formed a double bottom at the 5 min OR low, so you should long on breakout of bar 3.

Post by **Cobra** » Tue May 10, 2011 9:57 am

Cobra wrote:
maldini wrote:
Cobra wrote:yes, breakout. but I think there's more, the red line moving average resistance should not be a problem. I'm aiming higher...
Is today a typical 15-min OR breakout?
Nope. but trade-able because apparently it formed a double bottom at the 5 min OR low, so you should long on breakout of bar 3.

And by the way, that's why I called "more on the upside" at that time.

soku · Post by **soku** » Tue May 10, 2011 9:58 am

1 more thing to share. i just built up a stats model in weekend. it's a swing model, back test pretty good, but never in practice.
it is on a longer time frame as compare to the scalping signals i share here.

it currently says an overbought on es.

gabor · Post by **gabor** » Tue May 10, 2011 9:59 am

How=Who

maldini · Post by **maldini** » Tue May 10, 2011 9:59 am

Cobra wrote:
maldini wrote:
Cobra wrote:yes, breakout. but I think there's more, the red line moving average resistance should not be a problem. I'm aiming higher...
Is today a typical 15-min OR breakout?
Nope. but trade-able because apparently it formed a double bottom at the 5 min OR low, so you should long on breakout of bar 3.

yeah, it is also a typical two-bar reversal (in Brooks' term), which is double bottome at 5min OR low.
Too bad I missed this one..

PLUNGE · Post by **PLUNGE** » Tue May 10, 2011 9:59 am

yoku wrote:morning gang. interestingly for 2nd day in a row, my measured equilibrium at open = vwap = 1346.5. market will tell us his preference.

Yoku, Please let us know what charting system you use to see VWAP.

Thanks!

maldini · Post by **maldini** » Tue May 10, 2011 10:00 am

Cobra wrote: And by the way, that's why I called "more on the upside" at that time.

gotta.
//thanks

agnosia · Post by **agnosia** » Tue May 10, 2011 10:05 am

here comes the bear trap...

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05/10/2011 Intraday Watering

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