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
Wednesday, July 18, 2007
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