Friday, January 15, 2010














- Normally i don't trade big news days and to make it worse option experation, simply because too many trend anomalies and emotions . However, im happy to get back in after heads cool off.
- Well i notice divergence as the selling intensified, notice the tick gone wild, red dots. Notice the intensity decrease.
- I also did notice a a trend-line support on the daily, stacking the odds in my favor..

conclusion :
- Day trade Long @ 1128, stops lows of the day @1127.25.. Pretty small risk 1: 3
- Target VWAP @ 1133.25
- Overnight long was stopped at break-even..
- Target hit..

Tally:
+ 5 ES points ($250/contract)

Notes:
- possible break of that trend line, so watch out if today's lows are taken out in the coming days. 1130 on ES acting as a major support, now 1150 on spx acting as major resistance.

No comments:

Post a Comment