Tuesday, July 31, 2007
Friday, July 27, 2007
Thursday, July 26, 2007
Wednesday, July 25, 2007
Post Match - Live
Got to 20 ticks up selling on the highs
Could have made another 20 had i been filled as market was selling off, instead picking unchartered bounce levels lost 24
-4
Could have made another 20 had i been filled as market was selling off, instead picking unchartered bounce levels lost 24
-4
Tuesday, July 24, 2007
Post Match - Live
11:11 -1 @ 4491 +1 @ 4494 -3
Short as volume picked up after a break of the morning trendline, and price dipped below the 4493 50% retracement on friday sell-off, which was also midpoint of morning range. Expected a test of the lower end of the range with exit around 4482. Stopped out back above level.
Chris suggested looking at immediately prior bounce prices as stop-loss levels
14:37 +1 @ 4453 -1 @ 4452
14:37 +1 @ 4451 -1 @ 4452 0
Market hitting support trendline on daily chart after sell-off. Held 8 ticks onside, expecting a further push back if we broke back above 4460. Scratched.
Was also tempted to reverse at entry because of the prevailing selloff. But hesitated to do so as this was still a strong support area.
15:33 No trade
Wanted to get in on SP at 15375 which was fridays low, for a possible gap fill play to the upside.
15:39 -1 @ 4443 +1 @ 4440 +3
New lows, SP breaks 15375. Oil doesn't stop dumping
16:01 +1 @ 4444 -1 @ 4443 -1
Possible low
16:08 -1 @ 4432 +1 @ 4429 +3
Break through friday's low. Should have reversed on exit, this could be the hammer I was waiting for.
16:16 -1 @ 4436 +1 @ 4439 -3
Possible bounce off previous short term support turned resistance at 4437
16:17 +1 @ 4440 -1 @ 4441 +1
Overall thought of going long around 30's because oil was holding back above 73 and market seems to be waiting for a strong bounce to signal recovery turning point.
17:00 -1 @ 4459 +1 @ 4456 +3
On the hour 4460 ticked back, which was the level a prior trade failed to reach. Took out profit early to end up on the day.
+3
Short as volume picked up after a break of the morning trendline, and price dipped below the 4493 50% retracement on friday sell-off, which was also midpoint of morning range. Expected a test of the lower end of the range with exit around 4482. Stopped out back above level.
Chris suggested looking at immediately prior bounce prices as stop-loss levels
14:37 +1 @ 4453 -1 @ 4452
14:37 +1 @ 4451 -1 @ 4452 0
Market hitting support trendline on daily chart after sell-off. Held 8 ticks onside, expecting a further push back if we broke back above 4460. Scratched.
Was also tempted to reverse at entry because of the prevailing selloff. But hesitated to do so as this was still a strong support area.
15:33 No trade
Wanted to get in on SP at 15375 which was fridays low, for a possible gap fill play to the upside.
15:39 -1 @ 4443 +1 @ 4440 +3
New lows, SP breaks 15375. Oil doesn't stop dumping
16:01 +1 @ 4444 -1 @ 4443 -1
Possible low
16:08 -1 @ 4432 +1 @ 4429 +3
Break through friday's low. Should have reversed on exit, this could be the hammer I was waiting for.
16:16 -1 @ 4436 +1 @ 4439 -3
Possible bounce off previous short term support turned resistance at 4437
16:17 +1 @ 4440 -1 @ 4441 +1
Overall thought of going long around 30's because oil was holding back above 73 and market seems to be waiting for a strong bounce to signal recovery turning point.
17:00 -1 @ 4459 +1 @ 4456 +3
On the hour 4460 ticked back, which was the level a prior trade failed to reach. Took out profit early to end up on the day.
+3
Monday, July 23, 2007
Post Match - Live
08:04 -1 @ 4465 +1 @ 4470 -5
Early short in case we never return to the open level
08:31 -1 @ 4480 +1 @ 4475 +5
First resistance around 4482, took profit to cover previous loss.
09:28 +1 @ 4467 -1 @ 4462 -5
09:28 +1 @ 4464 -1 @ 4462 -2
Early support trend forming: broke.
09:34 -1 @ 4458 +1 @ 4456 +2
09:34 +1 @ 4456 -1 @ 4453 -3
Support at market open. 1 scalp towards the other to hold, but had to scramble out as it appeared this level was not holding
09:35 -1 @ 4453 +1 @ 4455 -2
09:35 -1 @ 4454 +1 @ 4458 -4
reversed, but hit daily loss limit after spike back up.
Chasing the market too much too early. Consider WIDER stops, 10 ticks perhaps as you are getting direction right a lot of the time, but having to scrap positions because of volatility at entry point.
17:00 -1 @ 4496 +1 @ 4495 +1
Some resistance after a rallie to 50% retracement level
Highs were exactly at 4507, where i was tempted to short as this was a level of mine.
-13
Early short in case we never return to the open level
08:31 -1 @ 4480 +1 @ 4475 +5
First resistance around 4482, took profit to cover previous loss.
09:28 +1 @ 4467 -1 @ 4462 -5
09:28 +1 @ 4464 -1 @ 4462 -2
Early support trend forming: broke.
09:34 -1 @ 4458 +1 @ 4456 +2
09:34 +1 @ 4456 -1 @ 4453 -3
Support at market open. 1 scalp towards the other to hold, but had to scramble out as it appeared this level was not holding
09:35 -1 @ 4453 +1 @ 4455 -2
09:35 -1 @ 4454 +1 @ 4458 -4
reversed, but hit daily loss limit after spike back up.
Chasing the market too much too early. Consider WIDER stops, 10 ticks perhaps as you are getting direction right a lot of the time, but having to scrap positions because of volatility at entry point.
17:00 -1 @ 4496 +1 @ 4495 +1
Some resistance after a rallie to 50% retracement level
Highs were exactly at 4507, where i was tempted to short as this was a level of mine.
-13
Friday, July 20, 2007
Post Match - Live
Been up and down like a yoyo. Once again directional sentiment has been overall correct, but timing and tight stops have stopped me from making potential profits.
+16
+16
Thursday, July 19, 2007
Post Match - Live
12:07 +1 @ 4518 -1 @ 4529 +11
Long on low, good outlook for
14:38 +1 @ 4540 -1 @ 4544 +4
Resistance at 40 expecting a push up to yest high
15:01 +1 @ 4547 -1 @ 4545 -2
15:01 +1 @ 4546 -1 @ 4545 -1
Looked like trend was ticking up and up steadily
15:01 -1 @ 4545 +1 @ 4548 -3
Thought we had hit the highs of the day, as there was considerable resitance
15:06 -1 @ 4546 +1 @ 4553 -7
15:39 -1 @ 4549 +1 @ 4553 -4
Same. This time DJ rallied on 14000 mark i had to scramble out
15:42 -1 @ 4555 +1 @ 4555 0
Expected market to go to 37, just as we had previously retreated last time the mark was hit a few days ago. Went up to 10 ticks on side, but then came back and hit the stop order i had in breakeven
16:21 +2 @ 4545 -1 @ 4541 -8
As uptrend had been sustained clearly all afternoon, expected recovery on any correction.
16:46 +1 @ 4539 -1 @ 4535 -4
16:46 +1 @ 4537 -1 @ 4534 -3
Same
16:49 +1 @ 4535 -1 @ 4526 -9
Same
Shame I had nearly recovered yesterdays losses. Saw opportunities to get in at extremes, but had to cut position to limit short term losses, which add up.
-24
Long on low, good outlook for
14:38 +1 @ 4540 -1 @ 4544 +4
Resistance at 40 expecting a push up to yest high
15:01 +1 @ 4547 -1 @ 4545 -2
15:01 +1 @ 4546 -1 @ 4545 -1
Looked like trend was ticking up and up steadily
15:01 -1 @ 4545 +1 @ 4548 -3
Thought we had hit the highs of the day, as there was considerable resitance
15:06 -1 @ 4546 +1 @ 4553 -7
15:39 -1 @ 4549 +1 @ 4553 -4
Same. This time DJ rallied on 14000 mark i had to scramble out
15:42 -1 @ 4555 +1 @ 4555 0
Expected market to go to 37, just as we had previously retreated last time the mark was hit a few days ago. Went up to 10 ticks on side, but then came back and hit the stop order i had in breakeven
16:21 +2 @ 4545 -1 @ 4541 -8
As uptrend had been sustained clearly all afternoon, expected recovery on any correction.
16:46 +1 @ 4539 -1 @ 4535 -4
16:46 +1 @ 4537 -1 @ 4534 -3
Same
16:49 +1 @ 4535 -1 @ 4526 -9
Same
Shame I had nearly recovered yesterdays losses. Saw opportunities to get in at extremes, but had to cut position to limit short term losses, which add up.
-24
Wednesday, July 18, 2007
Post Match - Live
10:13 +1 @ 4501 -1 @ 4501 0
Went long on opening price after initial move had already bounced once at it, and was close to 50% of previous high to low on daily chart. Scratched as it came back, but price subsequently moved to 4510.
10:43 -1 @ 4501 +1 @ 4501 0
10:51 -1 @ 4501 +1 @ 4507 -6
10:51 -1 @ 4502 +1 @ 4507 -5
On third test thought it could break to the downside. Scratched after it came back from 5 ticks on side. Then went back in again but this time I was wrong, so I got out of my position after reaching 1st downside limit.
14:32 -1 @ 4520 +1 @ 4520 0
Entered after price had reversed at a daily support turned resistance, which served also as a bottom neckline and it went through some support around what had been the POC of last thursday. No volume to support a breakout came about, so this was scratched.
14:58 -1 @ 4527 +1 @ 4527 0
15:19 -1 @ 4527 +1 @ 4521 +6
15:37 +1 @ 4522 -1 @ 4524 +2
Shorting at the higher extreme of the range, with a stop target just above the high. Took some profit at previous support level (shame it went 4 ticks further), then nicked a couple of more ticks on the reversal.
15:42 -1 @ 4528 +1 @ 4529 +1
15:43 -1 @ 4528 +1 @ 4528 0
15:43 -1 @ 4534 +1 @ 4538 -4
16:00 -1 @ 4537+1 @ 4541 -4
Still aiming to short the extreme expecting a solid moved down. Close tracking S&P retracement levels continued to indicate a bias to the downside because of a failure to go much further above 15565, and DAX was still bearishly hovering below 8000. Unfortunately, that 8.000 mark was broken in a rally which forced me out.
16:00 +1 @ 4542 -1 @ 4541 -1
Rally in DAX was holding till Bernanke opened his mouth.
Overall I failed to believe that despite it's size, the market still wanted to fill the opening gap.
-17
Went long on opening price after initial move had already bounced once at it, and was close to 50% of previous high to low on daily chart. Scratched as it came back, but price subsequently moved to 4510.
10:43 -1 @ 4501 +1 @ 4501 0
10:51 -1 @ 4501 +1 @ 4507 -6
10:51 -1 @ 4502 +1 @ 4507 -5
On third test thought it could break to the downside. Scratched after it came back from 5 ticks on side. Then went back in again but this time I was wrong, so I got out of my position after reaching 1st downside limit.
14:32 -1 @ 4520 +1 @ 4520 0
Entered after price had reversed at a daily support turned resistance, which served also as a bottom neckline and it went through some support around what had been the POC of last thursday. No volume to support a breakout came about, so this was scratched.
14:58 -1 @ 4527 +1 @ 4527 0
15:19 -1 @ 4527 +1 @ 4521 +6
15:37 +1 @ 4522 -1 @ 4524 +2
Shorting at the higher extreme of the range, with a stop target just above the high. Took some profit at previous support level (shame it went 4 ticks further), then nicked a couple of more ticks on the reversal.
15:42 -1 @ 4528 +1 @ 4529 +1
15:43 -1 @ 4528 +1 @ 4528 0
15:43 -1 @ 4534 +1 @ 4538 -4
16:00 -1 @ 4537+1 @ 4541 -4
Still aiming to short the extreme expecting a solid moved down. Close tracking S&P retracement levels continued to indicate a bias to the downside because of a failure to go much further above 15565, and DAX was still bearishly hovering below 8000. Unfortunately, that 8.000 mark was broken in a rally which forced me out.
16:00 +1 @ 4542 -1 @ 4541 -1
Rally in DAX was holding till Bernanke opened his mouth.
Overall I failed to believe that despite it's size, the market still wanted to fill the opening gap.
-17
Monday, July 16, 2007
Wednesday, July 11, 2007
Monday, July 9, 2007
Friday, July 6, 2007
Thursday, July 5, 2007
Post Match
So, market didn't even reach 4608, a clear indication that the double bottom reversal was to take place. Price didn't drop below the 50% of the previous recovery, nor below a MA. So it looks like an open battle still, with a mid-term bias to the upside. Volatility playing catch-up from holiday sessions, could be some more people involved tomorrow on NFP.
+39
+39
Wednesday, July 4, 2007
Tuesday, July 3, 2007
Post Match
08:09 +1 @ 4529 -1 @ 4529 0
08:26 +1 @ 4531 -1 @ 4533 -2
Possible bounce off early highs.
10:51 -1 @ 4547 +1 @ 4542 +5
Sideways environment called for trading on the extremes
16:05 -3 @ ~4549 +3 @ ~4547 +7
Failed attempt to go higher after figure. Very little activity on week of US independance commemoration.
+10
08:26 +1 @ 4531 -1 @ 4533 -2
Possible bounce off early highs.
10:51 -1 @ 4547 +1 @ 4542 +5
Sideways environment called for trading on the extremes
16:05 -3 @ ~4549 +3 @ ~4547 +7
Failed attempt to go higher after figure. Very little activity on week of US independance commemoration.
+10
Monday, July 2, 2007
Subscribe to:
Comments (Atom)