Monday, January 11, 2010















- Today's action was caught between the VWAP and day's Pivot, narrow range
- I changed my Tick trigger to 800 to get more alerts and a good feeling of who's doing what. Looking at today's action, the buyers remained aggressive triggering more alerts.
- Thus i took a position, for a day trade at the pivot, since sellers were not pushing the exits.

conclusion:
- Long @ 1139 stops below pivot.
- targets - yesterday's highs. Target hit and exceeded.. Eeking out a 3 pointers..

Tally:
+3 ES points ($150 / contract)


note:
- longs still good, but i'm getting cautious with the Hourly macds in the negative and the posibility of some type of corrective move..

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