Cobra's Market View

DT guys, price not roll over but the RSI is, this is very very bullish me thinks.

KENA wrote:DECK has shaped up for a good short.Has had a good run up and is now starting to pull back.CAT is up but is still a good short.Look at your charts.

PS..These would would be swing trades not day trades.

cheech wrote:

bbc wrote:

cheech wrote:natural gas looks like a decent long try here, small position

before EIA report 30minutes later?

natural gas surges huge after I bought my longs...price and volume and time are all you need friend

What if report is negative, I would place both call and put stop to enter to catch this event.
NG futures was in downtrend and there is no sign of news leakage as crude oil week ago.

According to this chart, SPY is currently en route to the MOON!

Oh it did roll now

PoorHomey wrote:According to this chart, SPY is currently en route to the MOON!

very nice picutre

Let's see

AK84 wrote:VIX is down 24% !!!!!!

Oopss...sorry that was the weekly chart.
but down 7% today . wow!

Yes. I took a position in VXX as there is a tiny positive divergence. Gotta be good for a bounce.

ung needs to pass the 9 day ema, it stops there three days in a row

bbc wrote:

PoorHomey wrote:According to this chart, SPY is currently en route to the MOON!


very nice picutre

it looks like one happy and moon.

cheech wrote:Let's see

Nice chart.I like it now lets see if will hold. You will make me,BB52x and Soku happy!!!

bbc wrote:

cheech wrote:

bbc wrote:

cheech wrote:natural gas looks like a decent long try here, small position

before EIA report 30minutes later?

natural gas surges huge after I bought my longs...price and volume and time are all you need friend

What if report is negative, I would place both call and put stop to enter to catch this event.
NG futures was in downtrend and there is no sign of news leakage as crude oil week ago.

I don't trade the news, period. The only thing you need is PRICE, VOLUME and TIME. These things PREDICT the news because the big traders know what's coming.

StrikePrice wrote:

AK84 wrote:VIX is down 24% !!!!!!

Oopss...sorry that was the weekly chart.
but down 7% today . wow!

Yes. I took a position in VXX as there is a tiny positive divergence. Gotta be good for a bounce.

vxx is all time low now, but it's decaying, I won't hold it long,

how is vix at all time low? look at the charts better

lol, good one

PoorHomey wrote:According to this chart, SPY is currently en route to the MOON!

I swing trade, can't sit in front of the computer all day, my SPY system has triggered 17 trades for the SPX since September 2010. A lot of people don't like indicators, I don't really either, so I made my own

cheech wrote:

bbc wrote:

cheech wrote:

bbc wrote:

cheech wrote:natural gas looks like a decent long try here, small position

before EIA report 30minutes later?

natural gas surges huge after I bought my longs...price and volume and time are all you need friend

What if report is negative, I would place both call and put stop to enter to catch this event.
NG futures was in downtrend and there is no sign of news leakage as crude oil week ago.

I don't trade the news, period. The only thing you need is PRICE, VOLUME and TIME. These things PREDICT the news because the big traders know what's coming.

there are several points that invalid your assumption:

1. big traders not always know news before us.
2. they could manipulate the price pattern, 4 weeks or more, there are manipulated sell-off before Friday noon to trigger many long orders stop, then it rebounced even more in the afternoon with good news. a -5% in the morning and +5% in the afternoon. And it happened a lot with many futures.

I guess you misunderstood me a bit, I did not say I will try to guess the news, I am using a quantitative approach exclusively, all I said is when there is no
*hint* in the price pattern, if I have to trade this risk high, reward high scheduled events, I will place stop to enter order on both sides.

I think you believe all information you need for trading is price,volume, that's debatable right? when it comes to belief, I have no opinion on that:D

So time, it will be stopped in with the wrong direction

alvian33 wrote:how is vix at all time low? look at the charts better

VXX, not VIX,

bbc wrote:

StrikePrice wrote:

AK84 wrote:VIX is down 24% !!!!!!

Oopss...sorry that was the weekly chart.
but down 7% today . wow!

Yes. I took a position in VXX as there is a tiny positive divergence. Gotta be good for a bounce.

vxx is all time low now, but it's decaying, I won't hold it long,

Yes. The RSI bounce trade I never hold more than 3 days. It's been wrong before and there's a tiny chance we have a big up day tomorrow on 1st of month seasonality, but we all know everyone is leaving for vacation early and volume will be light so it's seems safe to assume the buying will now finally slow down.

alphahorn wrote:I swing trade, can't sit in front of the computer all day, my SPY system has triggered 17 trades for the SPX since September 2010. A lot of people don't like indicators, I don't really either, so I made my own

What are your lines?