Review of last night's trades. As observed, Leg 1 of the Bull Break ended at 1378.75 yesterday. At the same time, Leg 2 seems to have ended at last night's session high of 1386.75. No confirmation as yet. Only a Minor PPF at 1386.50 at 03:07am. Leg 2 will be confirmed if last night's low of 1378.75 is taken out tonight - And if this happens, all 3 Legs of the Bull Break would be complete.
10:22pm Watching PRICE very closely here. Any signs of a failure would point to the end of Leg 2 of the Bull Break & a challenge of yesterday's session low of 1378.75
10:42pm Looking for a Minor PPF to go SHORT.
10:49pm No trade yet.
10:58pm Being overly cautious here...LOL. Missed the first PPF, and still didn't take the second. Maybe I'm still "smarting" from yesterday's trades - small losses, but very frustrating.
11:00pm Chicago PMI & Consumer Confidence
11:03pm Looking for SHORT. Trend chart has turned down.
11:07pm SHORT 1382.50 / STOP 1383.25
11:12pm Taking Profit at 1382.00 / +0.50pts
11:16pm Will wait for another SHORT set-up
11:18pm SHORT 1381.25 / STOP 1382.00
11:26pm PRICE still heading down. Will we see PRICE breaking 1378.75 soon?
11:29pm Looks like it may not be now. PRICE Match. Took profit at 1281.00 / +0.25pts
11:31pm PRICE giving us a PPF in Prime on the Trading chart, to go SHORT again - Trend chart still down. In taking the next SHORT, it must clear 1380.25, and then 1378.75 to complete Leg 3 of the Bull Break.
11:46pm Interesting...TREND chart has turned up. We did not crash through 1380.25 /1378.75. Will this Leg (Leg 3) fail ? Let's see...
12:02am If PRICE continues to push past 1387.25, then the Bull Break is invalidated.
12:40am SHORT 1384.00 / STOP 1385.00 - I hope I don't get stop out by the lunch time swings again
12:45am Now we're cooking!
12:51am Taking Profit at 1381.50 / +2.50pts
12:54am Look out below...here we come! Will have to do it without me, though...time to hit the sack.
Tuesday, October 31, 2006
Subscribe to:
Post Comments (Atom)
2 comments:
If you are paper trading I would like to introduce you to a brand new system. Please visit my file server at
www.rsksys.com
Spooman
We have really developed something you've never seen before for the spoos.
spooman@comcast.net
Hi gerimegaly,
are you sure your mentor is sane. I have read his comments on channelnewsasia and Elitetrader. His comments are half-insulting and he always mention he is holding his last seminar in 2005 or in 2006 in his posts. I would expect a knowledgeble trader to be more you know normal. He is still holding seminars according to his website. can you explain the inconsistency.
And he post a dancing hippo..OMG
http://info.channelnewsasia.com/bb/viewtopic.php?t=18612&postdays=0&postorder=asc&start=220
http://www.mrcomputerservices.com/DancingHippo.htm
Your trading seems OK. But your mentor either he is eccentric or brillant or lack EQ
Post a Comment