Tuesday, July 10, 2007

Weak Opening

09:31pm Very weak opening on the ES.
09:38pm Possible Counter-TREND LONG setting up.
09:39pm Waiting for a Minor PPF of Support, with a PRICE Failure (PF) to go LONG - if it sets up, of course...
09:40pm 3 Oscillation Matches at 1535.25
09:41pm LONG Trade cancelled. No Minor PPF. Instead an Oscillation Lower Low. Stepping away from the screen for a while.
10:03pm LONG 1531.50 /STOP 1530.50
10:04pm Moving STOP to 1531.25
10:04pm What a joke! The swing down was so fast...it hit my stop. Guess I moved my STOP too fast.
10:05pm Stopped at 1531.25 / -0.25pts.
10:09pm There it goes...kinda frustrated with myself for moving the STOP too early.
10:18pm If we are able to get a PRIME PPF of Support here, on the TRADING Chart, then the tone could be set for PRICE to head back up to challenge last PRIME Resistance of 1546.00, on the TREND Chart - PRIME Chart indicator is pointing up.
10:28pm That's all for me tonight...another busy morning tomorrow. 1 Trade. 1 Loser.

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