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
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