06/28/2013 Live Update

[Cobra]

this 2nd leg up is key, must make a new day high. let's see.

[1der]

Triangle in the Making? This is very early warning and speculative.

[Cobra]

anyone,
days like today cobra's live comments confuse me if i have a swing position. does anything in this live commentary nullify a call in the members only update? do not intend this as negative. sometimes i am very confused how to meh this section with the member's only section if i'm just trading swing. appreciate you cobra very much.

I can't speak for Cobra.

This section is for day trading and the calls are very short term.
If a person is trading the ES small moves are big dollars and swing calls and swing positions are almost irrelevant.
I wouldn't try to meld a swing trade with this section except for fine tuning of an entry or exit but that is only an add-on to ones' multi-day analysis.

As an example, my multiday analysis is that a top was likely made on Thursday- yesterday.
However, as I mentioned in my Video on page 1 - This is Friday ="crooks Day" the manipulators can do what they like today -which is fleece the sheep with confusion. They can whip it up and down until you are so confused that you don't know which way is up.

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So my suggestion to you is read the very first post of Cobra each day of this section and see how or if it impacts your swing thinking -having made up your mind last night if today was a day you would likely enter or exit a swing position.

Today (cobra):
"Double Top or not (targeting 1596.50) we'll have to wait and see. Even it is bulls are far from over as the pattern is too small to be a real threat to bulls."

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You an see this is very valuable for a day trader. It opened at 1601.75 rose to 1604 and the started to fall and fell to his 1596.50 and more 1594.25 at 9:07. Then in the second sentence " Even it is bulls are far from over as the pattern is too small to be a real threat to bulls." so that means you can buy once it has stopped falling - which you know will be about 1596.50 area and it was. It is now 1609+ and still rising towards my target of 1611.25 or perhaps more. (see vid post).

For a day trader:
1604 down to 1594.25 = 9.75 pts
1594.25 to 1611.25 =17 pts
9.75+17=26.25 *50 = $1,3112.50 per contract
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For a swing trader you should have made up your mind last night if today was likely to be an action day for you.
If it was then here is how you would use the first post:

If you are swing trading and you believe the market is getting to a top, and going to start falling then you would wait until this rise is complete of a top 1611.25+= and yesterdays' high was 1614.25 so it go to 1618.50 - the exact level isn't important just that is is higher and later in the day.

So if you are swing trading and you believe the market is going higher, higher then you would have bough at the low area Cobra indicated 1596.50 or lower - once it stopped falling.

So this daytrading section is only if you are making a swing entry today/exit based on your long term analysis and it helps to fine tune your swing trade.

I hope that helps

Well said, thanks. I cannot show chart here but I explained to members last night what to expect in the following days. So, yes, if you're not day trader but experienced enough, you can use my live update to fine tune your entry and exit.

[wayne0708]

still bullish today.

[Darkmatter]

Well I for one am not confused. At least I don't think I am. Am I? Maybe I am. Nah, don't think so. Could be though, sure. Anything is possible.

Come on guys I was only gone for a couple hours and Cobra is pissed. Behave /jk

In other news, BTFD rarely fails

No pissed off, just use every opportunity to make things clearer. I think it's a good feedback that people are confused about my live update and members only update.

[Unique]

DUST pretty good for day trades these few days. It meets measure moves very quickly. Fun stuff

[cosmos]

Come on guys I was only gone for a couple hours and Cobra is pissed. Behave /jk

In other news, BTFD rarely fails

No pissed off, just use every opportunity to make things clearer. I think it's a good feedback that people are confused about my live update and members only update.

cobra,
i too am not pissed off. i have specific questions that i believe are valid and will email. thank you for what you do.

[Cobra]

failed 2nd test of the day high but bears need break well below the 100% mm target in order to be bear. wait.

[Mr. T]

Bulls are really sucking today

[Cobra]

Come on guys I was only gone for a couple hours and Cobra is pissed. Behave /jk

In other news, BTFD rarely fails

No pissed off, just use every opportunity to make things clearer. I think it's a good feedback that people are confused about my live update and members only update.

cobra,
i too am not pissed off. i have specific questions that i believe are valid and will email. thank you for what you do.

Yeah, do not hesitate to ask. Lots of feedbacks and questions are useful.

The day before yesterday for example, I talked about Fib target in the nightly report, the chart was actually confusing. Later someone mailed me asking then I realized that the chart wasn't clear then I went back to change the chart. I think this is good.

[Cobra]

not enough exceeded 100% mm, bears need do more.

[fehro]

SPX daily. Will we fill that gap next week?... or is this it. right here right now... catch everyone off guard.... just sayin'

[Cobra]

double top. ignore me, I'm day dreaming.

[TraderGirl]

Gap fill is for &ussies....now trading between 50 ma (red) and 200 ma (black) guess which one it will break out of?

[Out of Bounds]

Trin going ape $*$# crazy

[TWT]

$SPX: It looks like this pullback is not over yet

[Al_Dente]

my trin is beeping sell ........... 1.6

[Al_Dente]

Trin going ape $*$# crazy

oooooo.....great minds.......somethin' something'

[Out of Bounds]

my trin is beeping sell ........... 1.6

Others beginning to follow.

[Cobra]

members only update at 12:28 pm
http://www.cobrasmarketview.com/2013/06 ... ay-update/