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08/25/2011 Intraday Watering

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trader0303
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Re: 08/25/2011 Intraday Watering

Post by trader0303 »

MajorEasy wrote:
trader0303 wrote:Switched to Tradestation a few weeks back, and haven't been able to short SPY (not on the easy to borrow list). Is this normal for Tradestation? It's frustrating trying to buy an inverse ETF-- they don't correlate very well I'm noticing :(
short it using the S&P e-mini, it's very cheap to trade.
i scalp about 10 to 20 trades a day using ES.
That's what I'm going to have to do....however I'm being told I have to fund an entirely different futures account. I'll work on doing that...thanks
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shumushu
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Re: 08/25/2011 Intraday Watering

Post by shumushu »

trader0303 wrote:
MajorEasy wrote:
trader0303 wrote:Switched to Tradestation a few weeks back, and haven't been able to short SPY (not on the easy to borrow list). Is this normal for Tradestation? It's frustrating trying to buy an inverse ETF-- they don't correlate very well I'm noticing :(
short it using the S&P e-mini, it's very cheap to trade.
i scalp about 10 to 20 trades a day using ES.
That's what I'm going to have to do....however I'm being told I have to fund an entirely different futures account. I'll work on doing that...thanks
I trade the /es, I do not scalp, but I heard /es is by far the toughest trading instrument for very short time frame by multiple reports.
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jarbo456
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Re: 08/25/2011 Intraday Watering

Post by jarbo456 »

shumushu wrote:
trader0303 wrote:
MajorEasy wrote:
trader0303 wrote:Switched to Tradestation a few weeks back, and haven't been able to short SPY (not on the easy to borrow list). Is this normal for Tradestation? It's frustrating trying to buy an inverse ETF-- they don't correlate very well I'm noticing :(
short it using the S&P e-mini, it's very cheap to trade.
i scalp about 10 to 20 trades a day using ES.
That's what I'm going to have to do....however I'm being told I have to fund an entirely different futures account. I'll work on doing that...thanks
I trade the /es, I do not scalp, but I heard /es is by far the toughest trading instrument for very short time frame by multiple reports.
most professionally traded...apparently.

are we getting a breakdown here again? new low on the 5 minute.
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Cobra
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Re: 08/25/2011 Intraday Watering

Post by Cobra »

measured move target, I don't believe this target, but I think it's not too much to ask for at least testing the green line below and a little bit break it.
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MajorEasy
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Re: 08/25/2011 Intraday Watering

Post by MajorEasy »

for me ES e-mini is easy to trade, i've had 20 consecutive winning scalps many times.
my main trick is "Don't be greedy".
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825 es.png
the market's goal is to distribute the wealth of many to as few hands as possible
q2model
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Re: 08/25/2011 Intraday Watering

Post by q2model »

Cobra wrote:critical time, anytime revisits the previous extreme there's a chance for reversal. let's wait and see, I'm clueless now, need see market actions first.

Why do you think the higher high after today?
cougar
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Re: 08/25/2011 Intraday Watering

Post by cougar »

Shorting IWM. Target #1~67; #2~66.2-66.4
newbie_77
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Re: 08/25/2011 Intraday Watering

Post by newbie_77 »

from the high of 119.40 to 116.00 so that's 3.4 on the SPY.. are we gonna get a bounce up now?
MajorEasy
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Re: 08/25/2011 Intraday Watering

Post by MajorEasy »

are pretty pics allowed here?
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the market's goal is to distribute the wealth of many to as few hands as possible
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v1stock.com
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Re: 08/25/2011 Intraday Watering

Post by v1stock.com »

30y us t bond, i want to short, but don't fight the fed.

odd ETF - FSG - long gold short spy - 60min. filled gaps :o

fade the gap day trades are working.

SMB - new high - short muni bonds, but not California muni, it turned up, also PG&E, when GOP left. odd, same as us market 2009.

Image
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Me XMan
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Re: 08/25/2011 Intraday Watering

Post by Me XMan »

ES 1144 is coming and after that...1110.
uempel
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Re: 08/25/2011 Intraday Watering

Post by uempel »

Update:
SPX5.png
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Cobra
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Re: 08/25/2011 Intraday Watering

Post by Cobra »

testing the green line as I expected, unfortunately, it's RSP leading down which implies that the selling is broad based. Let's wait to see how bulls defend this support.
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Cobra
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Re: 08/25/2011 Intraday Watering

Post by Cobra »

MajorEasy wrote:are pretty pics allowed here?
snakee likee, just don't know other office guys would complain or now. :lol:

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Nomorework
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Re: 08/25/2011 Intraday Watering

Post by Nomorework »

uempel wrote:Update:
SPX5.png
nice chart
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trader0303
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Re: 08/25/2011 Intraday Watering

Post by trader0303 »

cougar wrote:Shorting IWM. Target #1~67; #2~66.2-66.4
I did the same.....stopped out
seekingknowledge
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Re: 08/25/2011 Intraday Watering

Post by seekingknowledge »

Cobra wrote:measured move target, I don't believe this target, but I think it's not too much to ask for at least testing the green line below and a little bit break it.
Cobra, I shorted TZA at 11:30 am this morning. With such a move down today, would you advise holding overnight or taking profits and closing EOD? I realize the decision is ultimately mine, just looking for your experience. Thanks in advance.
seekingknowledge
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Re: 08/25/2011 Intraday Watering

Post by seekingknowledge »

seekingknowledge wrote:
Cobra wrote:measured move target, I don't believe this target, but I think it's not too much to ask for at least testing the green line below and a little bit break it.
Cobra, I shorted TZA at 11:30 am this morning. With such a move down today, would you advise holding overnight or taking profits and closing EOD? I realize the decision is ultimately mine, just looking for your experience. Thanks in advance.
Oops! Meant to say I BOUGHT TZA -- not shorted! Sorry.
cougar
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Re: 08/25/2011 Intraday Watering

Post by cougar »

Cobra wrote:testing the green line as I expected, unfortunately, it's RSP leading down which implies that the selling is broad based. Let's wait to see how bulls defend this support.
IWM bounced at the equivalent line
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Cobra
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Re: 08/25/2011 Intraday Watering

Post by Cobra »

who said the 2nd test the neckline something, I don't remember the conclusion. someone remind me please?

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