Monday, October 30, 2006

Downtime on this Blog

Had quite a bit of problems yesterday, trying to edit the blog. Tried a few times but the problem persisted late into the night. However, the problem seems to have resolved itself, and I've done what I needed to do yesterday. I've added a NEW LINK on Trading Education - They have a decent number of free articles, providing one with a refreshing read.

08:30pm My observation on Friday's trading is that we may see PRICE heading back up to challenge 1395.25, judging from the PRICE movements at the end of that session. However, with Globex PRICES clearing Fri's low of the day, it sure looks like this baby isn't done going down. Especially so when the TREND chart has just started to turn down. Will be looking for SHORTS, unless I start to see a change in the situation. Just a reminder that Trading, from today onwards, starts at 10:30pm - End of Day Light Savings.
09:40pm Trying a Pre-Market SHORT here. SHORT 1381.75 STOP 1382.75. PRICE has to clear 1380.25.
10:38pm Moving STOP to 1382.50
10:41pm Stopped. - 0.75pts. On hindsight, should have taken the point given earlier...
10:47pm TREND chart turning back up. Waiting for a minor confirmation of a low to go LONG (A SHORT here in Prime, on the Trading chart is still valid - Only problem here is TREND chart is pointing up. So, SHORTS here would have to be careful.
10:53pm Hmmm...are we getting a Prime Confirmation of the bottom? We shall see...
10:56pm 1380.25 struggling to hold. Nope. We broke thru. Looking for a PPF to go SHORT. TREND chart has turned down, again !
11:03pm SHORT 1379.75 STOP 1380.75
11:07pm Moving STOP to 1380.25. Move down not escalating, so being cautious.
11:10pm Man...frustrating. Stopped. -0.50pts
11:16pm Will try the next SHORT in Prime (instead of being in Minor), on the Trading chart.
11:27pm SHORT 1379.75 STOP 1381.00
11:35pm OUT at 1380.25. Don't like the action. -0.50pts
11:44pm That's why I always believe that you should know the future you trade, in & out. The way it behaves, and when it doesn't behave - especially when you are in a trade.
12:02am Last trade for the night. SELL STOP at 1382.50
12:08am Move SELL STOP to 1383.25
12:10am Cancel SELL STOP
12:11am PRICE heading back up to Prime on the Trend chart. Is this gonna be the Leg 2 of the Bull Break?
12:50am SHORT 1383.25 STOP 1384.00
01:00am Sometimes I wonder why I take these lunch time trades...Just got Stopped, and the trade runs in my favour. Grrrr.... -0.75pts. Enough for the night.

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