Cobra's Market View

sold RETL for 0.5% gain

dumamay wrote:

Cobra wrote:Normally, there should be a 2nd leg down, but I won't short this L1 (if indeed, not yet now) on EMA20. I'd wait at least L2.

Cobra I cannot find your explanation of L1 L2 etc. Where do I find it??

In getting started of this board.

Al_Dente wrote:20 days
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =251963404

Al, I don't quite understand the volume/color/different "hats"... pls. explain.

1 min
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =250028427

Petsamo wrote:sold RETL for 0.5% gain

Hope you had a $$$$$$$$ position...

fib info.

Mind Over Money
http://www.youtube.com/watch?v=fYXD-_AMstQ

Petsamo wrote:sold RETL for 0.5% gain

No one every lost money taking a profit.

This tape smells

uempel wrote:

Petsamo wrote:sold RETL for 0.5% gain

Hope you had a $$$$$$$$ position...

I'm not sure what you mean. Of course it was a real trade. I posted my entry point earlier.

uempel wrote:

Al_Dente wrote:20 days
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =251963404

Al, I don't quite understand the volume/color/different "hats"... pls. explain.

cc.png

Hi Uempel
It’s a work in progress: volume green = bottoms (often very short term), orangie red = tops, blue=fails (fail means big vol but no top/bottom signal)
I recently got lazy with volume as Cobra is so timely in noting volume signals
Now trying to catch up as vol is such a major “tell” if only I could “read” it properly
Here i’m studying it on 30 min
I’ll get there….. still working on it
Thanks for asking
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =244841848

How can anyone trade RETL with no volume? a mere 100 shares have traded today.

Mongoose wrote:How can anyone trade RETL with no volume? a mere 100 shares have traded today.

Hey, leave the guy alone. I trade with imaginary money all the time and I go all in too.

Here's the tredline that was expensive to ignore on friday.

tdo722 wrote:

Mongoose wrote:How can anyone trade RETL with no volume? a mere 100 shares have traded today.

Hey, leave the guy alone. I trade with imaginary money all the time and I go all in too.

I don't see you two posting your trades.

being a bear is the worst.

* another lower low after 10:30...yet current price action says we'll have a close>open.

Petsamo wrote:

tdo722 wrote:

Mongoose wrote:How can anyone trade RETL with no volume? a mere 100 shares have traded today.

Hey, leave the guy alone. I trade with imaginary money all the time and I go all in too.

I don't see you two posting your trades.

Most of my trades suck so I haven't post anything.

Ginormous bull tick, huge VIX bull-spy move, double top TNX
Time to check TRIN
http://stockcharts.com/h-sc/ui?s=$TRIN& ... =249247714

very strong rebound, I won't think of shorting anymore. It's good I decided to wait at least L2...

hourly SPY is very bull-flag'ish. with it about to potentially bust out the top. bears need to stop them here or else we're off to test the recent highs...IMO.

1 min
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15