12/10/2013 Live Update

[fehro]

could bounce here.. retest yellow neckline.. or make a more horizontal one . good support on grey... SPX 15m

[Denali92]

Just a reminder on the post employment pattern.... mostly a re-post..... sometimes just important to provide perspective...

http://www.cobrasmarketview.com/2013/12 ... ay-update/

-D

[koolblue]

Bingo! spy hit its 180.68 target and heres the bounce

[uempel]

I've got a good time signal on the daily SPX chart for tomorrow - looks as though today is boring

[1der]

Many of you probably already know this. I have suspected for sometime that this was taking place as i was watching the data vs my trades being simply teed-up but not even transmitted. Did some research and found this : Link: http://www.zerohedge.com/news/interview ... ncy-trader
EXTRACT:
A second example: HFTs can model other traders’ behavior. When someone trades through Scottrade or Interactive Brokers, their order has a unique number attached to it – the same number every time a client places an order. This number is bundled with all relevant trade information (time, price, etc.) and sold as an encrypted “enhanced data feed.” An HFT can then use those past results to predict the trader’s behavior.

TCR: So HFTs try to predict what you’re going to do before you do it. Do the brokers admit to selling this information? Can traders opt out?

GARRETT: This data is standard and available to anyone who wants to buy it, so it’s not that HFTs are purchasing illegal information. But the data set is huge and is only of practical use to players with very fast and powerful computers – meaning HFTs. And yes, most brokers I have encountered will allow you to opt out of having your unique number attached to your information.

To be clear, I’m not saying HFTs track your individual account and literally jump in front of you right before you trade. But they do use this information on the aggregate to model traders’ behavior. So an HFT could have a very good idea of when traders on, say, E*TRADE’s book will enter into a certain transaction.

[fehro]

SPX 5m ... I see a possible tiny invs H&S under the yellow MA if it holds right here.. measures to 1806ish...pink line

[Denali92]

If you are playing in the RUT..... ie. IWM, TWM or TFZ3.... it is NOT boring!



-D

I've got a good time signal on the daily SPX chart for tomorrow - looks as though today is boring

789.png

[joegamma]

Many of you probably already know this. I have suspected for sometime that this was taking place as i was watching the data vs my trades being simply teed-up but not even transmitted. Did some research and found this : Link: http://www.zerohedge.com/news/interview ... ncy-trader
EXTRACT:
A second example: HFTs can model other traders’ behavior. When someone trades through Scottrade or Interactive Brokers, their order has a unique number attached to it – the same number every time a client places an order. This number is bundled with all relevant trade information (time, price, etc.) and sold as an encrypted “enhanced data feed.” An HFT can then use those past results to predict the trader’s behavior.

TCR: So HFTs try to predict what you’re going to do before you do it. Do the brokers admit to selling this information? Can traders opt out?

GARRETT: This data is standard and available to anyone who wants to buy it, so it’s not that HFTs are purchasing illegal information. But the data set is huge and is only of practical use to players with very fast and powerful computers – meaning HFTs. And yes, most brokers I have encountered will allow you to opt out of having your unique number attached to your information.

To be clear, I’m not saying HFTs track your individual account and literally jump in front of you right before you trade. But they do use this information on the aggregate to model traders’ behavior. So an HFT could have a very good idea of when traders on, say, E*TRADE’s book will enter into a certain transaction.

THANKS DER!
good point to have multiple accounts....

looking fpor IWM to stay 1190ish down to 11090ish next day or so

[joegamma]

fehro: i am looking at a invrse HS on TLT 2hr chart, backto 1104, neckline comes in about here....do your eyes see same thing?
tia and Thanks for so many great charts during trading day!

[DellGriffith]

Still short gold here. painful day but i dont have anything to get me out of my position. so, i must continue to think there is some final capitulation bottom out there to wait for.

I am not sure what your time horizon is... but this is what I am working.

Long term trend is down. Intermediate down trend from the late October high is being liquidated now (i.e. shorts getting closed). After that process is done/settles/consolidates for a few days, I'll be looking for a directional signal for another intermediate scale trend either up (to 1370 +/- 20 ? which would still be inside long downtrend) or down to break the June low.

There was a wicked good capitulation in June, and if you look at weekly RSI, it has been toning up (positive divergence). So, while there may be a final flush, it is worth watching for other more moderate bottoming chart patterns. Just a thought. I don't know what will happen.

I actually didnt have it as a capitulation in gold with the june drop, which to me inferred more down later on. that view seems to ve justified with the current drop. and this is actually not a capitulation either, at least up to now.

[fehro]

SPX 5m

[Cobra]

I don't know if the low was in for today. it'd be help if I could see a higher low, so for now, I'm neutral.

[fehro]

Still short gold here. painful day but i dont have anything to get me out of my position. so, i must continue to think there is some final capitulation bottom out there to wait for.

I am not sure what your time horizon is... but this is what I am working.

Long term trend is down. Intermediate down trend from the late October high is being liquidated now (i.e. shorts getting closed). After that process is done/settles/consolidates for a few days, I'll be looking for a directional signal for another intermediate scale trend either up (to 1370 +/- 20 ? which would still be inside long downtrend) or down to break the June low.

There was a wicked good capitulation in June, and if you look at weekly RSI, it has been toning up (positive divergence). So, while there may be a final flush, it is worth watching for other more moderate bottoming chart patterns. Just a thought. I don't know what will happen.

I actually didnt have it as a capitulation in gold with the june drop, which to me inferred more down later on. that view seems to ve justified with the current drop. and this is actually not a capitulation either, at least up to now.

I can see the support here for GOLD weekly. Everyone expecting a lower low.. and the green long long long term trend line.. which matches Goldman Sach's target around 1050ish.
You could make an argument for a larger H&S blue neckline with a move to $700... if it breaks near here.. if not a bounce back up to the red line or higher.. before the final push down? Possible divergence setting up on the indicators.. but needs a lower low..

[Cobra]

good, if only bulls could make a higher low then the low was in. wait.

[fehro]

SPX 5m

[fehro]

RUT 60m.. approaching support.. will it hold?

[TWT]

$SPX: Follow up of the s/t count

[fehro]

yet another H&S SPX 5m breaking

[Cobra]

100% mm. not sure as it's the 2nd test of day low again so 50% chances of reversal. I think the chance is even higher than 50%.

[MrMiyagi]

spy