Cobra's Market View

stepture wrote: Hi Cobra,
Thanks for your reply. I did read Getting Started. And it does mention two setups for beginners. One is H1/L1. The other is H2/L2. But anyway, what is the setup for beginners? I will go back to read it again.

OK, if you read, that H2/L2 you could begin with but remember trade only on trend day. this means pretty much in the most days, you're on the sideline doing the paper trade (you shouldn't waste any day even you don't trade, you have to paper trade everyday). How do you know it's a trend day? If you know as early as possible that'd mean you're graduated. Nobody could tell you how to judge the trend day.

Shorted another 100 SPY $125.10...let's see at closing time.

maybe tomorrow? gap down?

come on, give me a break. another 600B bailout fund? This surge actually does no good for bulls because most bears are covered.

stucap wrote:

kaiboliu wrote:What is the rumor today?

cash is free when you're long at three....

good one, but I am too scare to follow it.

BullBear52x wrote:

Al_Dente wrote:scalpers out early, on the "take no chances" unofficial rule EARLY SCALPERS INTRADAY ONLY

Profit is profit, This is the time when they separate the man from the boy. see 10min. RSI(50) 50 line, you know what I mean.

SPAGETTI DINNER FOR ALL on the house
Dude: I’m just a scalping wussie, but remember that I am really a member of the Imperial Senate on a diplomatic mission to Alderon:
http://www.youtube.com/watch?v=J5gCeWEG ... ure=relmfu

kaiboliu wrote:What is the rumor today?

The ESM will be given a banking license so that the EU can blow up their own bank.

Me XMan wrote:Shorted another 100 SPY $125.10...let's see at closing time.

wow, you are good.

yeah, that's what I'm saying, I don't believe the same drama simply could play again and again. Too bad, I'm all out today's short, after all, I don't bet on speculation that the 4th time would be different.

OUI! KA BAM!
Got balls?

Cobra wrote:come on, give me a break. another 600B bailout fund? This surge actually does no good for bulls because most bears are covered.

http://www.forexlive.com/blog/2011/12/0 ... n-advance/

Draft rumors:

Rules in excessive deficit procedure t0 be reinforced for euro zone member states
Sanctions must be imposed on rule-breakers automatically unless opposed by qualified majority vote
Possibility of moving toward common euro zone debt issuance in longer term to be considered
Intends to bring forward ESM bailout mechanism to July 2012
Existing EFSF fund to remain active until mid-2013
Permanent ESM to have EUR 500 bln maximum lending cap
Non-unanimous voting rule for emergency procedures involving ESM
ESM to be allowed to directly recapitalize banks
ESM to be given banking license

did anyone see that bid and ask drama in SPY... LOL

last transaction was @ 124.35/.... and bid/ask showing 124.78/80

alright, so who's holding their remaining shorts overnight?

pressure is down imho until early next week. any gap up tomorrow is a sell. These charades and drama is now fully soaked in.
Europe "news" only good for 10 handles like just now.

too many LONGS in the options data hoping for lottery

Germany rejects the EU draft is the news/rumor

Just look at Master's charts and $125 is THE line for today...

kaiboliu wrote:

Me XMan wrote:Shorted another 100 SPY $125.10...let's see at closing time.

wow, you are good.

jarbo456 wrote:alright, so who's holding their remaining shorts overnight?

I have my core position shorts in EDC and SSO.

What a pop dn..I will hold long with hedge..The stoth's are starting to indicate " over bought " I guess we wait and see.

Cobra wrote:

stepture wrote: Hi Cobra,
Thanks for your reply. I did read Getting Started. And it does mention two setups for beginners. One is H1/L1. The other is H2/L2. But anyway, what is the setup for beginners? I will go back to read it again.

OK, if you read, that H2/L2 you could begin with but remember trade only on trend day. this means pretty much in the most days, you're on the sideline doing the paper trade (you shouldn't waste any day even you don't trade, you have to paper trade everyday). How do you know it's a trend day? If you know as early as possible that'd mean you're graduated. Nobody could tell you how to judge the trend day.

Thanks a lot for your instruction. I agree with you. The setup works only on trend day. Many thanks.

MrMiyagi wrote:Germany rejects the EU draft is the news/rumor

u quick. i think it is news not rumor. risk off.