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I did reverse in the hole..not crazy about location... S 91.75..

 

have laid scales out 89.25, 86.50 & 81.00 ..since don't have good location I have a short leash on these...

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I'll take my loss around 89.75, but if it goes north I'll scale 92.50, 93.50, and 95.50 - 97, depending.

 

This pooch has to make up its mind here 92.00 ish level... :confused:

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I'll take my loss around 89.75, but if it goes north I'll scale 92.50, 93.50, and 95.50 - 97, depending.

 

Well, I scaled off first portion at 92.50, now I am risk free with a stop at 90.25, 2 ticks below average entry price. 93.50 is next target, followed by higher hopefully. But if stop is hit, I still made a profit.

 

I must admit that today's market is a bit different than yesterday's market. It is moving strangely--just my label for it, maybe it's heaven to some. But it's not my ideal type of behavior.

 

 

This pooch has to make up its mind here 92.00 ish level... :confused:

 

Smells like a bull to me, but then again I am long and probably biased, and have not exactly been in sync today either so we will see.

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Well, I scaled off first portion at 92.50, now I am risk free with a stop at 90.25, 2 ticks below average entry price. 93.50 is next target, followed by higher hopefully. But if stop is hit, I still made a profit.

 

I must admit that today's market is a bit different than yesterday's market. It is moving strangely--just my label for it, maybe it's heaven to some. But it's not my ideal type of behavior.

 

 

 

 

Smells like a bull to me, but then again I am long and probably biased, and have not exactly been in sync today either so we will see.

 

I've been late on some stuff. My levels are good but my locations have had me at a disadvantage... this mornings good work has gone the way of the doh - doh bird...

 

Might be jumping out of these shorts soon...

 

If we take out 92.75 then probably you will get your wish...

Edited by roztom

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Well, I scaled off first portion at 92.50, now I am risk free with a stop at 90.25, 2 ticks below average entry price. 93.50 is next target, followed by higher hopefully. But if stop is hit, I still made a profit.

 

In the spirit of "don't be a dick for a tick" I closed 2nd unit at 93.25

 

Stop is 90.75 on final unit (BE), and will see if we can get a late day rally here to the mid/upper 90s. I'm not convinced, but it's a free trade, so will let it go. Target is "officially" 96.50.

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I am flat...dropped a point on that..& missed first scale by a tick... :doh:

 

This is tough... leaning to the upside but choopy, choopy....

 

I'm going to watch you... :missy:

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depends whether the next downward rotation expands or contracts...

 

Unfortunately we only know this information (expansion or contraction) AFTER the rotation has occurred, which means that we will only have a confirmed bias AFTER we know basically whether it rotated further down (giving a short bias) or up (giving a neutral to long bias).

 

Or am I misunderstanding what you're saying?

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Unfortunately we only know this information (expansion or contraction) AFTER the rotation has occurred, which means that we will only have a confirmed bias AFTER we know basically whether it rotated further down (giving a short bias) or up (giving a neutral to long bias).

 

Or am I misunderstanding what you're saying?

 

True. But you have to consider whether you have a position already or are looking for a bigger move later on. Here's a 2 day profile anyway:-

 

attachment.php?attachmentid=28363&stc=1&d=1333655246

2012-04-05_4.jpg.6cbabf11628c618fabaa91861ed1bf18.jpg

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In the spirit of "don't be a dick for a tick" I closed 2nd unit at 93.25

 

Stop is 90.75 on final unit (BE), and will see if we can get a late day rally here to the mid/upper 90s. I'm not convinced, but it's a free trade, so will let it go. Target is "officially" 96.50.

 

I do not like the volume reaction here at 94s, so I am flat for 3.25 on the final unit at 94 even.

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I do not like the volume reaction here at 94s, so I am flat for 3.25 on the final unit at 94 even.

 

We're right in the middle of "value" so "price action"(:D) may well not be clean.

 

What's the betting we close somewhere between 91-95.50? I think if volume dwindles that is more likely. If there's a surge to close out positions ahead of the holiday it could break higher imho due to location within broader balance.

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We're right in the middle of "value" so "price action"(:D) may well not be clean.

 

What's the betting we close somewhere between 91-95.50? I think if volume dwindles that is more likely. If there's a surge to close out positions ahead of the holiday it could break higher imho due to location within broader balance.

 

haha ;)

 

Certainly 97 or so is possible in these last couple of minutes, but given the way it's moving, and the reaction at 94 (bearish IMO), and given that the market will only have 10 minutes to get up there, I'd rather take my money and run... did not smell like what buying into the close should smell like. To try and be objective: not enough buying on the way up. Bids did their job at 90/91, but it takes more than bids to push like I wanted it to.

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We're right in the middle of "value" so "price action"(:D) may well not be clean.

 

What's the betting we close somewhere between 91-95.50? I think if volume dwindles that is more likely. If there's a surge to close out positions ahead of the holiday it could break higher imho due to location within broader balance.

 

Is that called the "over/under" ? :rofl:

 

I "think" 95.75 might get taken but the action bites it...

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See you guys. I might be in here for the morning just to check it out..if I don't see you have a Great Weekend..

 

This market was a dung heap today

Edited by roztom

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It looks like a new ver of IRT got released after the close or thereabouts...

 

I downloaded it and "possibly" the memory leak issue I was having is gone... not completely gone but I ran 3 or 4 playbacks of today and it got to about 720meg or whatever it is but nothing crashed, etc...

 

I might be nuts so I won't know until I can put a full day of RTH on this whether or not it will be ok... bit I did send my layout to Bill Linn to check out - maybe this is the result of that... :confused:

 

N: did you get your Line issue fixed?

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It looks like a new ver of IRT got released after the close or thereabouts...

 

I downloaded it and "possibly" the memory leak issue I was having is gone... not completely gone but I ran 3 or 4 playbacks of today and it got to about 720meg or whatever it is but nothing crashed, etc...

 

I might be nuts so I won't know until I can put a full day of RTH on this whether or not it will be ok... bit I did send my layout to Bill Linn to check out - maybe this is the result of that... :confused:

 

N: did you get your Line issue fixed?

 

Yeah I just updated it and it seems to be fine now.

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Lol.

 

Yeah the line issue went with 10.5.3 new version.

 

I'll be curious to hear once we are back to full sessions if you see anything different on the memory useage...

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