Friday, April 20, 2007

Leg 1 of Bull Break Invalidated

Globex Session
09:14pm Leg 1 of Bull Break has been invalidated. Leg 2 continued to push higher, past the no-no level of 1484.50, thus pushing us back into the Bull TREND.
09:48pm Possible Minor PPF Setting up - SHORT Trade.
09:51pm SHORT 1490.75 /STOP 1491.75
10:01pm Moving STOP to B.E. - We should see a little bit more downside to this SHORT trade. 10:05pm Stopped at B.E. - Looks like they were gunning for Stops. Yep...they were.
10:21pm LONG 1489.50 / STOP 1488.50
10:25pm Moving STOP to 1488.75
10:27pm Out at 1489.25 / -0.25pts. PRICE movements are still very nervy...
10:39pm SHORT 1488.75 / STOP 1489.75
10:53pm Moving STOP to 1489.25
10:54pm Stopped at 1489.25 / -0.50pts. Very tough "middle-of-the -road" trades...
10:59pm Very frustrating night so far. When I don't move my STOP, they gun for it. When I do move it, it gets hit, while my original STOP would have saved me. Grrrrr...
12:38pm I'm done. 3 Trades. 2 Losers / 1 B.E.

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