Live Indices Trades

[86834 10]

1/4 off at 1338

[86834 10]

looking for 1336 on the final quarter

[Foale 10]

I take it your trading the Sept right

[86834 10]

final quarter out at 1336

[86834 10]

possible long at 1334.75 depending on what the buyers are doing...

[86834 10]

stop moved to b.w at 1334.75

[86834 10]

taken half for a point as it's struggling

[86834 10]

other half out for +2pts ES

[86834 10]

Yeah I'm trading sept contracts. As in my bias for the day as you asked. I'll know what trade/s i'll be taking on the daily the night before. The rest of my trading is scalping as you have seen today, trading off auction levels and reading the activity via the tape around them areas. I just boost my scalps for 2pts at a time, unless i see great potential for a follow through. For example the short from 1342, i held that because the developing profile was indicating that we were gonna have a standard day on the profile, so i follow through to the lower value are edge was highly likely, and as it turned it out, the trade worked.

[Foale 10]

thanks for that

 

trading

posting trades

and answering questions

 

you the man today...

[86834 10]

order resting for a short at 1335.75

[86834 10]

shooting for exit at 1333.75

[86834 10]

thanks for that

 

trading

posting trades

and answering questions

 

you the man today...

 

exited reach at 1333.75 + 2pts ES

 

I am the man every day

[BuzzLightYear 10]

long dow at 12000

[Foale 10]

are we using the threat of sub 12k Dow for the professionals to load up on longs?

Phychologically a good level to scare weak holders...

 

No idea is thats going to happen...but starting to wonder if its back to 12175-200 before 11800...

[86834 10]

market in short term value. 1335.25 area looking interesting. Waiting for things to develop

[BuzzLightYear 10]

long dow at 12000

 

closed @ 12020 +20

 

edit - was a little hasty there!!!

Edited June 19, 2008 by BuzzLightYear

[86834 10]

market in short term value. 1335.25 area looking interesting. Waiting for things to develop

 

 

this area produced a good long trade. Was too busy eating a baked potatoe tho. Anyway, i'm gonna leave the office and go home.

 

 

Good trading guys.

[Foale 10]

Was too busy eating a baked potatoe

 

Good trading guys.

 

 

Rather impressed with your trading prowess

 

but extremely impressed that you can get a baked potato at work...

[firewalker 10]

are we using the threat of sub 12k Dow for the professionals to load up on longs?

Phychologically a good level to scare weak holders...

 

No idea is thats going to happen...but starting to wonder if its back to 12175-200 before 11800...

 

Well perhaps from a contrarian point of view, too many people were looking for this to break lower, so the pro's picked up on that by buying into support...?

 

Thanks for contributing 86834, very active too

[Foale 10]

Yes was excelent to see some quick fire trades and commentary...

[Foale 10]

ok we havea fallen under 12000and from the just over 12300 high quite sharpish...

Sticking a fib on that fall...I see that a 38.2 retrace...equates to..a decending line on my 2 hour bar... lol

 

so looking for longs on anywhere near 12000 to take up up to the 12120 area...by tomorrow...

 

dont all laugh at once.

[Foale 10]

Looking for it to break up from the Dow 40 to Dow 65 area soon

[firewalker 10]

DOW short 12100.

[Foale 10]

ok we havea fallen under 12000and from the just over 12300 high quite sharpish...

Sticking a fib on that fall...I see that a 38.2 retrace...equates to..a decending line on my 2 hour bar... lol

 

so looking for longs on anywhere near 12000 to take up up to the 12120 area...by tomorrow...

 

dont all laugh at once.

 

12116 ish....not bad...

Should come off now...