Thursday, March 01, 2007

Trading Day, Thur 1st March

10:12pm My, my...PRICEs have gone south.
10:26pm Leg 1 of Back Door Bear Break has just been INVALIDATED ! We just created a lower PRIME Low (against last PRIME Support Low at 1390.50)
10:49pm We are consolidating...possible bottom, or another leg down?
10:53pm LONG 1385.25 / STOP 1384.25. The movement in PRICE, the last 2 days have been pretty "wild"...The numbers in queue have also dipped. But the overall volume is crazy! It's about to pass 1 Million Contracts of ES done...
10:56pm This current upmove must clear 1389.00
10:57pm Before I can even post my comments, PRICE has already hit 1389.00 !
10:59pm Out at 1391.50 / +6.25pts.
11:01pm Man, see what I mean ??? I missed 6 pts just in a couple of seconds...!
11:02pm Sorry, my mistake...IT'S 10 PTS NOW, THAT I'VE MISSED IN LESS THAN 2 MINUTES ! This is getting ridiculous !
11:05pm Although I've benefitted from the current PRICE movements of the ES, yesterday & today, I'm still not very comfortable it. However, it does remind me of one important thing though:
YOU MUST PUT YOUR STOPS IN. NO MENTAL ONES !!!! IF NOT, YOU WILL BE ASKING FOR IT !!!!
11:31pm Possible SHORT setting up.
11:34pm SHORT 1401.50 / STOP 1403.00
11:37pm Moving STOP to 1400.75
11:38pm Can you beat that ? The moment I moved my STOP, I got hit ! Out at 1400.75 / +0.75pts.
11:40pm PRIME CONSOLIDATION going on now...
01:05am Sorry for "disappearing"...went out to buy supper. Calling it a night here. 2 Trades. 2 Winners.

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