11/02/2011 Intraday Watering

[Cobra]

not sure if this is an EMA gap short. the picture is not very clear, little bearish biased though.

[Petsamo]

I agree. The new normal will be established. 7-9% unemployment will soon not be much of a story as it continues for years ...

A person's solution to getting US out of this lousy economy determines if one is a free market capitalist or a Marxist.

[Grizzly]

Trading 101, always trade trend direction

spy.JPG

and wait be patience.

spy.JPG

Which direction is it trending?

I know you are joking, under 5dma is down on my time frame.

I use 1 hour, 50 DMA to indicate trend. It rolled over yesterday morning to DOWN.

[hutongerchuanzi]

Update:

7.png

thanks a lot, glad to know

[Cobra]

failed EMA gap short then this is Double Bottom breakout, tinted area as target.

[Fear&Greed]

I am a bit of a newbie. Does that tall skinny line going up between 14:01 - 14:10 mean something? Thanks for your help.

[BullBear52x]

This is what I see now.

[janez]

likely revisit the tip: 1.3800

[BullBear52x]

Internal is for the Bulls.

[janez]

eur_usd.PNG

I am a bit of a newbie. Does that tall skinny line going up between 14:01 - 14:10 mean something? Thanks for your help.

likely revisit the tip: 1.3800. I believe that is also called p-bar

[Al_Dente]

little squeeze starting CVX T XOM HD etc

[ActiveTrader]

Today, trying to trade, is a total waste of time. FMOC days suck.

[tdo722]

as soon as this hits a new high, shorting it is the best technique.

[Fear&Greed]

eur_usd.PNG

I am a bit of a newbie. Does that tall skinny line going up between 14:01 - 14:10 mean something? Thanks for your help.

likely revisit the tip: 1.3800. I believe that is also called p-bar

Thanks. I thought that is what a p-bar was. Appreciate the response.

[Cobra]

little fib info here, picture still not clear to me. bearish biased though, because the rebound today so far overlaps.

[jarbo456]

eur_usd.PNG

I am a bit of a newbie. Does that tall skinny line going up between 14:01 - 14:10 mean something? Thanks for your help.

likely revisit the tip: 1.3800. I believe that is also called p-bar

not sure that's a pbar on the fx chart. hard to get pbar's, especially in eur/usd where the market is so much larger and more liquid. just my experience, i'm saying it could just be a broker executing at that price for that minute. i have it on my chart as well.

just a bad tick, or else bad execution.

[Al_Dente]

after almost 600 points down in two days, a baby squeeze could grow vicious, as skittish bears may want to cover to protect their profits… NYADV 2420 is supporting “bulls” at the moment…. but action at vwap right here is critical…. any 5min stick that CLOSES red will make us pause and question just how high this beast needs to go

this BIG red bar here, if it CLOSES red, will be good for bears

[newbie_77]

cobra,
are FOMC days considered trend changing days i.e. till yesterday we were in a down channel. and then today on FOMC we turned green so more upside?

[wayne0708]

/ES futures on 2-hourly chart there is a cross-up of 10sma/20sma. Does that mean bullish for this time frame?

[Cobra]

here, let me explain why the chart looks a little bearish biased to me.

1st, it's still bear flag.
2nd, I see 3 push up and each push up are overlapping.

so i see the current up as the final revisit the day's high before the actual rollover.

of course things can change, especially if we see breakout decisively, but for now it's how I see the chart.