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THE AUCTION MARKET THEORY ACADEMY
"UNDERSTANDING THE SCIENCE OF MARKET STRUCTURE"
"APPLYING THE ART OF TACTICS"
"CREATING A GREAT TRADE"
DTS AUG 2008
DATE
GOAL FOR THE DAY
GRADE
8/1
REVERSING
8/4
REVERSING
F,C,D
8/5
REVERSING
N/A
8/6
REVERSING
B,B,B,B
8/7
REVERSING
A,F,F,A
8/8
REVERSING
A
8/11
REVERSING
D,A
8/12
REVERSING
B,F
8/13
REVERSING
F,F,F,A
8/14
REVERSING
A
8/15
REVERSING
F
8/1
Short @ 1268 @ 9:34,my stop is above the A period high at 1272. I got distracted and missed the sell on the open, i would have liked to got short in the 69's or 70's. My target is the 1262 area. This is near the low of 7/30. If we break that low, I think 1245 is in the sites. UPDATE @ 9:43, WE ARE MOVING IN THE RIGHT DIRECTION, I AM MOVING MY STOP DOWN TO BREAK EVEN AT 1268. UPDATE @ 9:46, with the big movement, i am hesitant to offset at my target here in the 62's, holding on~~My next area of interest is the value area high of 7/29 in the 57's, we are currently at the closing range of 7/29, with very little buying interest at the closing of that gap. If we breach the 57 area, then I think we can trade to the support down at the 1245-48 area. That is my target after the 57's. UPDATE @ 9:58, I am moving my stop down to 1263. Stopped out, gain 180 pts. Short @ 1261.75 @ 10:01 my stop is 1264. The ISM numbers got me out to the tick, but at least I am back in. The XLF and the tick are still weak, I may be trouble on theis entry as I would have prefered to be in at the 64's instead, risking a couple points above that, but I didnt want to miss the next leg down~~OUT @ 1256 @ 10:11 The tick is making higher highs and price is making lower lows, gain 207 pts. I would like to reenter a bit higher,maybe the 59's?. Not much buying interest on the slight retracement, I am sill waiting though~~Short @ 1256.75 @ 10:16, it seems that 1258 might be as high as we got onthe retracement, not much, but I dont want to miss the target to the 1245's, we already breached the value area high from the 7/29 profile. My stop is 1260. My stop may be a point to close, as the volume cluster in the B period is in the 61's. WE just retested the 58's~~UPDATE @ 10:26, selling is drying up sown here, we just tested the 53's with lackluster interest in selling the low. OUT @ 1256.25 @ 10:27. I think we need to consolidate for a bit here. gain 18 pts. I am taking a break for a bit, I would be a seller at the 62's- 63's. Short @ 1258 @ 10:35, we almost hit the 2nd SD above the mean, and have passive selling at the 1259 price line. My stop is above us at 1260. That was quick, stopped out loss 72 pts. Lookng to reenter~~My next target for teh short is the 62-63 area where I first said I would wait for. trading the 60's now~Short @ 1260 @ 10:43, my stop is 1264 above the B period high. The Tick looks top heavy and the XLF looks like it is reversing on the 5 minute chart. Also on the 5000 footprint delta chart we are building a negative bar right at the area around 10:07 that sent us to the lows. If we get another leg down, we could reach the 48 level from here with a 10 point downward rotation.That would mirror about the same downward selloff from this morning. UPDATE @ 11:11, MY TARGET IS CLOSER, i AM LOOKING AT TEH 57'S, WE WERE THERE AMINUTE AGO, BUT i DIDNT GET OUT, VOLUME IS FALLING OFF, OUT @ 1258 @ 11:11 GAIN 72 PTS. tHE DAY NOW LOOKS LIKE LONG LIQUIDATION, MAYBE IN THE AFTERNOON SESSION WE BREAK LOWER, FOR NOW, I WOULD LOOK TO TRADE IN A 7 POINT RANGE, FROM THE 55'S- 62'S. Taking a break~I see while I was away that we hit the 63's, nice short from there back down tothe 57's, that would have been a nice 200 pointer with 36 lot loads. An expensive nap as was yesterdays selloff in the last hour! I missed about 500 points on that one! Long @ 1257 @ 12:34, my stop is 1255.50 right below us, in the middle of the B period volume cluster that sent us higher, my target is 5 points or the 62's give or take. The tick looks a little over sold, the C,F,B,E period highs are in the 62-63's. If I could get 5 points times 36 contracts i would be happy considering I missed a couple of trades duing my nap! The XLF is holding its own during this consolidation so far, better than the spx. Stopped out loss 54 pts. I hope i didnt miss an opportunity for the next leg down, ~~ I hate selling the lows, funny how i miss great trades while napping, and get back and my next trade is a loser! LOL We are testing that volume cluster I spoke about in A period now. Short @ 1255.50 @ 12:57, my target is the 1245-48 area, that block in the 55-57's should have elicited a greater response than this, this trade is risky though, selling the low, usually doesnt work, my stop is 1260, just above the current G period high. Damn it looks like they caught me selling the low, trading the 56's, i think my stop is in the right place though, it is dissapointing that so far there is not follow through. We need to make a lower low soon, or I am in trouble. I would be seller back up in the low 60's though. The profile looks like long liquidation so far today so these 7+ rotations are the highest probabilty for sucsess, having said that, there is usually an 80% chance that once breaching a previous days value area high or low, you can achieve the other end of that value range by the end of the day. Today as an example would be the profile from 7/29, the lower end of value for that day is right at support inthe 45-48 range. It would be better if we didnt have a "b" type formation today though, if in fact this day proves that it is just old business leaving the market(long liquidation), and not new selling. They got me making an amature mistake selling the low, damn, trading the 58's. stopped out loss 162 pts. Short @ 1260.25 @ 1:25,my stop is right above us at 1263, the volume cluster in E period that sent us lower. looks like I am in trouble agian, the tick is stong all of a sudden and the XLF is leading the way, that G period fake out may have been the sign, damn! I am moving my stop up by 1 point so that I am above the E period high, if they take that out, I think we retrace the A period range with a little new buying. I am reversing my position at 1259.75, there is no selling pressure, with any buying interest and we break above the B-I period high, the market is going to try and make a new high, the profile looks unbalanced in a big way, gain on the short trade, 27 pts, I am now long @ 1259.75 @ 1:37 with my stop under the last slight retracement at 1258. We need volume to come in now to break us over the 62's and 63's, and we could target the A period high in the low 70's, Also considering that todays profile was probably long liquidation, (even though there was an increase in open interest by about 12,000 contracts in yesterdays selloff, that being new short equity into the selloff, it wasnt huge, so anynew buying would take us higher in a quick manner)We might even extend the A period high into the M period high form yesterdays profile if wecan break the 63's.Damn they got me agian, stopped out, loss 63 pts. Long @ 1257 @ 2:03 my stop is 1255. That last quick sell off looks like a fake out low volume selloff, almost like the one that got me short at the low, we will see, my stop is close, I would be a buyer at the low though one more time. The funny thing is I was lookng at the tick chart, and ignored one of my signals(1:51pm, a nice doji in price and a hit on the 2nd SD onthe tick, and closing red) and decreasing volume deltas) thinking we were getting reading to break up, even though between 1:55- 58 we had a bit of passive selling right inthe 63 price line, none the less, if I would have taken it, it would have given me a 60 pt gain, not a 60 point loss. Now watch if we close above the current Jperiod high over the next 20 minutes, where this Jperiod closes is important IMO> I am not sure what is up with this light erratic volume, many lines have zero volume, this is not good for trading. If this trade doesnt work, I may call it quits. UPDATE @ 2:38, a dead market, the J period closed neutral right in the middle of the lower distribution today, at this point it is hard to say where this market is going to close, volume has dropped of significantly from this morning, so any buying or selling could move us quite a bit. The Tick and the XLF is neutral. Standing by~OUT @ 1260 @ 3:04, THERE IS SELLING AGAIN AT TEH 62'S GAIN 108 PTS EVERY TIME WE HIT THE 2ND SD ON THE TICK ABOVE THE MEAN, THE TICK SELLS OFF STRONG, AND VICE VERSA AT THE LOWS, I SHOULD HAVE HAD A 1000 POINTS TODAY. DAMN~~WE ARE NOT READY TO BREAK EITHER WAY, LOOKING TO BUY IN THE 56'S AGIAN. Long @ 1258.75 @ 3:10, it looks like we are making a higher low in the current L period, my stop is 1256. Same thing that i just talked about when I exited at the 1260 price happend the tick hit the 2nd SD below the mean and closed the 5 minute bar at the zero line and was a green bar. The overall tick is making higher lows since about 12pm, that has me leaning to a stong close like we spoke about earlier. UPDATE @ 3:28, IF WE ARE GOING TO BREAK UP NOW IS ABOUT THE TIME, THE TICK IS BECOMING STRONGER AND THE XLF LOOKS TO BE TRYING TO BREAKING OUT. UPDATE @ 3:36, WE ARE RIGHT AT THE 63'S, THIS IS WHEN WE NEED TO BREAK, THE TICK IS STRONG, THE XLF IS MAKING HIGHER HIGHS, CAN WE DO IT? MY GUESS IS YES. I AM MOVING MY STOP TO BREAKEVEN, WORST CASE, ITS BEEN A PROFITABLE DAY, ALTHOUGH I AM NOT HAPPY WITH MY EXECTUTION TODAY, I DID NOT TRADE WELL OVER ALL, FUNDEMENTAL MISTAKES LIKE SELLING THE LOW, IGNORING MY SIGNALS, MY PRECONCIEVED THOUGHT COST ME BIG TODAY, AS I WAS WAY EARLY THINKING THE MARKET WAS CLOSING UP FROM THE LOWS, AS IT SEEMS IT IS DOING, NONE THE LESS, COST ME SOME GOOD POSITIONS. SELLING THE LOW WAS THE BIGGEST ONE THOUGH, I DID RECOVER AND REALIZE THE CHANGE IN MARKET SENTIMENT. . YESTERDAYS CLOSE AT 1266.50 IS A NICE TARGET CONSIDERING THAT TIME IS RUNNING SHORT. OUT @ 1263.50 @ 3:45, THE TICK STALLED, THIS IS NOT GOOD, AND A DOJI IN PRICE. THE XLF TURNED ALSO. GAIN 171 PTS. Thats it for me today, I am almost back to where I was at 11am! LOL Good trading to you.
TOTAL GAIN FOR THE DAY 432 PTS
8/4
Trouble with DTN data feed prevented me form an opening trade. We are now below yesterdays low, but the 1245 area is in the sights.Short @ 9:47 @ 1253, my stop is 1254, selling the low, the stop has to be close, because it usually doesnt work. Just in case were are heading to the 7/29 cluser in the 47-45's, The tick is weak, but the XLF is diverging a bit. Also on Friday, the open interest declined by about 22000, which looks to me as long liquidation that caused the selling, so If this trade doesnt work and we dont make lower lows, I would look for a balanced market today. Maybe trading in the 50-65 range? Reversing at 1253 @ 9:53, (LONG) the XLF is diverging, and 51.25 has a line of passive buying even though the tick is weak, volume deltas are showing buying. Breakeven on that one. My stop is 1250. My target is the 1260, or the A period high. We might be in trouble on this one we came with in a tick of my stop, I was going to reverse, thinking the the 45-47 volume cluster was the target, but right as I was about to the tick bounced off of the 2nd SD on the tick. This is the first day that I am working on reversing, I think my trigger finger is a bit twitchy! I need to settle down a bit, standing by~~Reversing @ 1251 @ 10:11, (SHORT) the XLF is breaking down, also the tick had trouble getting above the 0 line. My stop is 1254, my target is the 45's, loss 72 pts. Selling the low agian, the stop is a bit higher since the XLF is breaking down, I dont want random movement to stop me out. THE WORST KIND OF MARKET A SLOW GRINDING MARKET, LOOKS LIKE A HARD DAY TO TRADE IS SHAPING UP. @ 10:29, THE TICK IS STILL WEAK, THE XLF IS BOUNCING A BIT OFF OF SUPPORT, AS THE 49'S ( A LOW VOLUME AREA, RIGHT BEFORE THE CLUSTER IN THE 47'S, IS SUPPORTING US A BIT, THIS IS WHY MY STOP IS AT 1254. THERE LOOKS TO BE PASSIVE SELLING IN THE 51-53'S FOR NOW, STANDING BY EXPECTING A BREACH OF THE LOWS TO THE 47'S~~I will say this though, if the volume here in the 51's cover, the A period high is the new target, question is can we get aboard at a good trade location if it does? The tick and the XLF is still weak. Reversing @ 1250.50 (LONG) @ 10:41, the tick and the XLF are not making lower lows. My stop is 1249, my target is the A period high in the high 50's. Gain on the short 18 pts. My stop is to close, moving it to 1248, they could take the stops out below the B and C period lows by a tick or two, 1248 is more appropriate,, trading the 48.75's now~We could be in trouble, the tick made a strong hit on the 2nd SD, damn stopped out, damn. loss 90 pts. I sould have recognized the tick couldnt get above the zero line over the last 15 minutes. Oh well, long @ 1248.50 @ 10:48, my stop is 1245, this is an area of support, the volume cluster that I spoke about earlier. My target is the 54-56 area. UPDATE @ 11:32, ALL SIGNS POINT TO ROTATING HIGHER, THE TICK IS STRONGER HERE AT THE LOWS, AND THE XLF IS DIVERGING. THE 53'S ARE THE NEXT RESISTANCE. UPDATE @ 11:40, FINALLY, MOVING IN THE RIGHT DIRECTION, MY TARGET IS THE A PERIOD HIGH IN THE 1260-63 AREA. MOVING MT STOP TO BREAK EVEN. UPDATE @ 12:00,MOVING MY STOP TO 1251. UPDATE @ 12:23, I AM MOVING MY STOP UP TO 1252. OUT @ 1255.50 @ 12:37, GAIN 252 PTS. The 56.50 & 56.75 price line has passive selling that we couldnt get through, I will look to reenter in the 53's or lower. I will see if the tick hits the 2nd SD below the mean.Not much of a retracement, only to the 53.75, and you couldnt get filled there. I think I am going to take a break~~we might need to consolidate in the mid 50's here before breaking higher. Long @ 1252 @1:05, my stop is 1250 right below us, there is a chance we could test the volume cluster in D period in the 48's, that is why it is close. The tick is diverging that is why I am in though~~ the XLF is still making lower lows. My target is the resistance at the 56's. OUT @1252 @ 1:21, break even, the tick reversed right at the 2nd SD above the mean, and there is passive selling in the 53's, I think the 48's is a better entry~~LONG @ 1252 @ 1:40, the XLF IS BREAKING UP, AND THE TICK NEVER EVEN MADE IT TO THE 2ND SD BELOW THE MEAN, THERE IS PASSIVE BUYING IN THE 51'S PRICE LINE ALSO, MY STOP IS 1250 SAME AS LAST TIME JUST INCASE WE BREAK TO THE 48'S, MY TARGET IS THE 56'S AT LEAST, PROBABLY THE 1260 AREA OR SLIGHTLY HIGHER. UPDATE @ 2:23, finally, we are testing the F-G period highs, the A period high is in the sights. If we have fridays sellers in the low 60's cover, we could be off to the races over the next two hours~~I am also moving my stop to break even @ 1252. UPDATE @ 2:38, I AM MOVING MY STOP UP TO 1255. UPDATE @ 2:46, We are trading the 1260, this is an interesting area, that could spark some short covering, we will see~~ the XLF is strong, as is the tick. I am also moving my stop up to 1256. UPDATE @ 3:07, WE JUST HIT THE 2ND SD BELOW THE MEAN AND BOUNCED OFF OF IT, WE TRADED WITHIN ONE TICK OF OUR STOP, TRADING THE 56'S~~Stopped out @ 3:13 gain 144 pts. We are hugging the top of todays value, tempted to get back long~~Long @ 1256.25 @ 3:15, my stop is 1253, the middle of the consolidation line from earlier, it is also the POC, if we get down there, i doubt any short covering occurs, we might rotate all the back toward the low. The tick is at the 2nd SD below the mean, and the XLF is diverging.stopped out, loss 117 pts, thats disappointing! Where is my reverse when I need it! Long @ 1253.25 @ 3:25, my stop is 1251 at the G- I period lows, in case they push it to the 48's. The tick looks a little extreme as does the volume delta's~~damn, stopped out agian, damn damn, loss 81 pts. Of course we dont get down to the 48's where I would like to buy~~we stop at the top of that volume cluster in the D period~Long @ 1250 @ 3:30 my stop is 1248 at the bottom of that volume cluster from D period. Once agian, that preconcieved idea of yesterdays volume cluster covering before the fed anouncement cost me, I had the warning signs at the Days high that sentiment was changing in the tick, damn. I am moving my stop up to 1249 @ 3:40. Stopped out loss 36 pts. Here we are in the 48's! Thats all for me today, I covered half of my commisions, LOL, Good trading to you.
TOTAL GAIN FOR THE DAY 18 PTS
8/5
Short @ 9:33 @ 1259.25, my stop is 1262 ABOVE YESTERDAY M PERIOD HIGH. I am expecting a downward rotation to take out the Globex inventory that is long. My target is the 1249's, yesterdays close. UPDTE @ 9:55, The XLF is breaking down and diverging, the SPX is stubbornly holding teh 59's, i am still expecting a break, there is passive selling in the 59s, just not a lot of decisive volume yet, 148000 traded in the first 30 minutes with a neutral bias. now the XLF reversed and we are trading the 61-61's I will look to be short agian soon, stopped out loss 99 pts. It would be nice for once to start the morning right! 1266 looks like the next area of interest for a short, although the tick is strong~~that 1266 is 7/31's close. short @ 1265.50 @ 10:06, my stop is 1267.50, the tick is looking heavy at the 2nd SD above the mean, and the XLF is still diverging, the 1267.50 is the top of the closing range from 7/31. My target is the 1260 area, we usually dont trend before a fed announcement, this is strange, although the days before the fed announcement the market usually rallies which didnt happen yesterday, so maybe this morning is the exception, which means that I am on the wrong side, I am moving my stop a bit closer to 1267. UPDATE @ 10:35, THE close from 7/31 didnt elicit the selling that I thought it would, although the tick is starting to break and the 5000 delta FP is forming a nice passive selling/passive buying bar, If the market breaks those passive longs will cover, or visa versa, another reason for the close stop, came within a tick 3 times on the 5 tick reversal chart, I would have gotten back in short if i did get stopped out, as the tick was weakening at the high. Trading the 64's now and passive buying comes in again at the 64's, the tick though is still working lower.Stopped out loss 54 pts. Short @ 1267 @ 10:53, my stop is right above us @ 1268 just incase they want to puseh the A period high from 8/3. The tick is still strong, but didnt make a higher high as price did, the XLF also didnt make a higher high. Volume deltas are also decreasing as price makes new highs. The question is, do we break enough before the announcement to make it worth while to sit here, or do we grind higher tick by tick, I am starting to think that I should come back at 2pm.I am done till 2pm, loss 36 pts. Short @ 1276 @ 2:18, my stop is 1279. The initial movement is higher, I would have like to sell the 77's, but my stop is in the middle of the 7/31 volume cluster, so if they run it higher the risk is to the high of the 7/31 profile in the mid 80's. My target is the mid 60's or lower. Sorry for the delay, was on the phone, on this short, we covered on the retracement to 1275. Gain 36 pts. Then I went long at 1277, my stop was 1275, my target was 1284, but we offset at 1282. Gain 180 pts. Thats all for me, Good trading to you.
TOTAL GAIN FOR THE DAY 27 PTS
8/6
Be aware, the open interest on yesterdays rally decreased by 6337 contracts with high volume. This means there was equity leaving the market during the rally, (old business short covering) I will look to short some where near the open~~Short @ 9:31 @ 1279, my stop is 1284, a couple of points above the close from yestereday, just incase we close it. Reverse at 9:56 @ 1278, gain 36 pts, Now long at 1278, my stop is 1276 below the current low, my target is a tick above the current high around 1281.50, or yesterdays close at 1282, the neg volume deltas are decreasing and a nice doji in price just closed. Reverse agian at 1279 @ 10:05, gain 36 pts. Now short @ 1279 we couldnt even break above the high before passive selling came in in the 1280's, My stop on this short is 1282.The tick is weak, and our opening range, and intial balance is in a tight range from 81-76, that could very well forbode a trend day down. There is no real support until the 1267's, and this is just micro support. UPDATE @ 10:18. the XLF is also diverging.Reverse @ 10:36 @ 1277.25, now long, we took the low of A period out by a tick, and 6000 contracts are sitting at the 1276's buying on a limit. gain on the short~ 63 pts, my stop is 1276. Reverse @ 1279 @ 10:39, gain on the long, 63 pts, Now short from 1279 my stop is 1282, on the retest, 1280 was to much resistance, compare the retest volume at 10:39 to the volume at 10:37, right below the passive selling on the ask at the 1280 price line over the last hour. The XLF is diverging, OUT @ 10:48 @ 1277. gain 72 pts. I wil look to get back short in the 78's~~Short @ 1277 @ 10:51, I am not sure we can get to the 78's, passive selling is coming in at the 1277's, my stop us 1281. Positive volume deltas are drying up also. I have seen this opening pattern before, they try and draw as many in long as they can, and then in D period the market falls out of bed~~ that is what I am looking for, we will see~~Notice on the tick chart, the tick made the highest high so far this morning at about 500, and price couldnt move more than a point or so, and the next bars the tick is making lower highs? , looks like a fake out rally to me~UPDATE @ 11:05, I am moving my stop down to 1280.Damn, stopped out.loss 108 pts. Short @ 1280.25 @ 11:18, my stop is 1283. I step away from the desk for few minutes, and this is what happens, LOL. Instead of moving my stop down, i should have reversed seeing the tick make higher lows while price was consolidating in the 75-77's.. We are right at resistance agian. The tick is barely touching the 2nd SD above the mean, and passive selling is coming in in the 1280's, this may be the last fake before a breakdown, the one problem is the XLF is making higher highs, we might need to test the globex high in the mid 80's before the market can break. We just closed the gap, now selling needs to pick up, or we are going above the globex high~Stopped out, loss 99 pts. Short @ 1282.25 @ 11:45, my stop is 1284. the tick is breaking down as we made higher highs, the XLF is selling off, my stop was just a bit close. My target is the C period low in the mid 70's. This market is dead, as soon as I leave though, we will break! If I get stopped out, I might take a look after 2 pm, there it is, loss 63 pts. I will be looking at the 87-90 area for resistance. One more time, Short @ 1283.25 @ 12:31 my stop is 1285 just above us, Note the tick chart, the 2nd SD above the mean was rejected, the next bar after the hit at 800(the green bar that closed at the 2nd SD above the mean) the next bar closed red , with a lower high, while price was making its high at 1284, the entry was at the open of the next bar. This grinding market reminds me of yesterday, but the open interest didnt show any new equity coming into the market yesterday, so I am still leaning to the short side, there is resistance right above us. My target is the same, the lows of the day at least. This is ridiculous.Stopped out, loss 63 pts Short @ 1285.50 @ 12:47, my stop is above the volume cluster at 1290 from 7/23. No more of this death by a 1000 paper cuts. If the market breaks, we have a great postition, if it doesnt, we take a couple hundred point loss for the day, so be it.We are just shy of the globex high, and just shy of some major short selling volume from the 7/23 selling tail from 1287-1290. I am expecting those shorts to reengage at that level or before. UPDATE @ 2:48, I had a couple of chances to take some profits but decided not to, trading the 89's now, there is to big of a divergence in the XLF to take getting stopped out at 1290 to the tick, standing by~ WE are testing that cluster now, Stopped out, loss, 162 pts, Short @ 1291.50 @ 2:51, my stop is 1295 two points above the 7/2 high at 1293, and three points above the 7/23 C period high.. My target is the POC at 1283. They took it 3 ticks over the high of that volume cluster that I have been speaking about, just enough to run the stops? The question is, if that block short covered we would be trading higher, so, is there two sided trade? if so, we can grind higher, if not, then then the POC is the reasonable target (1283-1279) if they reengage as new selling equity. One hour and 15 minutes to go, should be interesting. I know one thing for sure, I have a headache! LOL The tick is looking heavy on the top side, and the divergence in the XLF is striking. Everything in my experience tells me not to buy the high at resistance withall of these facts in front of me. On the other hand we see two sided trade so far which is not good for a short. If we break the 91's, 1300 is the next resistance, then 1310. UPDATE @ 3:25, I am moving my stop down to 1392, there is no reason to risk more than that, if it breaks, I will not buy the high or sell anymore today.UPDATE @ 3:58 So it looks like the 86's is as low as this market is going today, funny, when the tick chart hit the 86's in price, I ignored a signal to get out with about 144 points of profit, and could have reversed for another 100 or so, I will stay by my stop or the close at 4:15, whatever comes first, and I am taking the next two days off to relax and think about some of my errors in judgement AND RELAX! OUT @ 1288.50 @ 4:09 GAIN 108 PTS . Good trading to you.
TOTAL LOSS FOR THE DAY 117 PTS
8/7
I feel better this morning, so I am going to trade, and maybe take tomorrow off for a long weekend. Open interest only increased by 9506 yesterday on good volume. Couple that with Tuesdays -6337 decline in open interest, no wonder we are trading the 79's in the Globex. I would not be surpised to see us trade near the POC of the 20 day distribution in the 58-59's, Yesterday we broke above the upper limits of that distribution, but almost closed back within it. To this point in Globex, we are back in it. I would argue that it is a false breakout, based on the resistance in the 91's, the open interest over the last days, and the Globex reaction at the retest of the 89 area overnight. Should be an interesting day. Short @ 9:33 @ 1278, my stop is 1282, just above the H and I period low from yesterday, My target is the 1258's. UPDATE @ 9:40, I am moving my stop to break even at 1278. Reverse @ 9:46 @ 1274.50, my stop is 1272. Gain 126 pts I am now long @ 1274.50, My target is the 1277's The tick made higher lows as price stalled in the 73-74's. Negative volume deltas disappeared, the XLF is still under pressure though. The XLE and XLB were trending lower this morning also. UPDATE @ 9:53, WE ARE TRADING AT MY TARGET AT 1277, OUT @ 1276.75 Gain 81 pts. Short @ 1276 @ 9:57, my stop is 1278, The tick is reversing and passive selling is occuring at the 1277's it seems. My short term target is the A period low. The XLF is breaking out, Stopped out loss 72 pts. Short @ 1278 @ 10:02, my stop is 1 point over the high at 1280.25, in case they run any stops by a tick or two. I might be early as the XLF is still making higher highs. 1282, my earlier stop is probably the better stop, but I wll stand put with the 80.25 for now, I can always reenter~Stopped out loss 81 pts. Right to the tick? come on!! Short @ 1280 @ 10:09, my stop is 1282 above the H & I low from yestereday. The tick doesnt look happy in the 400-500 area. Reversing @ 1281 @ 10:19, the tick is strengthing and the XLF is running, loss 36 pts, Now long from 1281 with a 1278 stop, my target is yesterdays close at the 1288 area. Reversing at 1281 @ 10:26,Break even, Now short @ 1281, my stop is 1283, the tick and the XLF is reversing, it hit 600 and closed at the Zero line, with price in a doji formation. Passive selling came in at the 81.75-82 area also, my target is the A period low in the 70's, if we get that low, the 58's are the ultimate target is all is well down there. UPDATE @ 11:16, A HARD MARKET TO TRADE FOR SURE, STANDING BY MY STOP AND TARGET~How can the 77's be holding @ 11:23 with the XLF making new lows? This is vexing, but trying to be patient~I am moving my stop down to 1281, breakeven. OUT @ 1277.75 @ 11:28, I cant take it anymore! I will take a look later on. Gain 117 pts. Short @ 1279 @ 11:50, my stop is 1281.75, we may be retesting the D period highs so my stop is above that, there is resistance in the 1280's. The tick is rejecting the 2nd SD above the mean it seems, although it is making higher highs, the XLF is weak, there is no clear signal in price though, so I could be early. UPDATE @ 12:00, It looks like I caught a good trade location on this one, the XLFis making lower lows, and the F period just opened up at the D perod low, this could be the break to the A period low that I have been waiting for all morning, my target is the 1274 or lower. I am moving my stop down to 1280. We are stalling down here in the 75-76's OUT @ 1276.50 @ 12:05 GAIN 90 PTS. this market is not in a hurry to go anywhere today, I have to take my points and be happy I guess. I would like to hold a short, but everytime we drop a couple of points, passive buying stalls the drop. Short @ 1277.50 @ 12:20, my stop is 1280 above the E period high. The tick doesnt look so happy above the Zero line, and the XLF seemed to reverse at teh same time, the 79's should offer resistance, and the 77.50-78 price line had a few thousand passive sellers sitting there. My target is the 1275 or lower. We tested the low 75's which is a volume cluster that sent us higher yesterday in the 75-76's from the C period. That could offer more support, so this trade carry's a bit more risk, but if we break it, the other end of tuesdays value is down at teh 1263's, that could be in the sights today or tomorrow. One thing for sure, we are not in any hurry to get down there. Stopped out, loss 90 pts. Short @ 1280.75 @ 12:44, my stop is 1283 above the B period high. The XLF is diverging quite a bit, and the tick just hit the 2nd SD for the first time all day, and closed at the zero line, with another weak bar following that. My target is the 1275 area or lower. Volume deltas are also drecreasing as we move higher. look at that right to 82.75, we will look to reenter if we get stopped out~~OUT @ 1280 @ 1:41, THERE IS PASSIVE BUYING ALL THROUGH THE 1279-1280'S, MAKE NO SENSE TO ME, SO I AM GOING TO LUNCH. GAIN 27 PTS Now there is passive selling in the 81's and the XLF is turing down, Short @ 1281 @ 1:49, my stop is 1283, my target is the close. I have my stop, and we shall see if we close where I think we may,and that is near or below the A period low. The tick just cant sustain itself by the upper deviation. Worst case senerio we make 90 pts if I dont trade after this, I am going to lunch, see you at the close or the stop. UPDATE @ 2:17, As I walk out the door, I am moving my stop down to break even at 1281, and will be back before the close. The FOMC low from the other day is 1267, that could be micro support, if we break below the A period low today. Good trading to you. OUT @ 1271 @ 3:26. Perfect timing, what a nice lunch! Thats all for me today. Gain 360 pts. Good trading to you. WOW, I WISH I WOULDN'T HAVE RUN THAT LAST RED LIGHT! LOL!!! AH WHY COMPLAIN, IT WAS A GOOD DAY, AFTER A TOUGH MID DAY !
TOTAL GAIN FOR THE DAY 552 PTS
8/8
ACCORDING TO MY MONEY MANAGEMENT PROTOCOLS, I AM TRADING 40 LOTS NOW. Open interest increased by 31356 contracts on strong volume, that is new short equity coming into the market yesterday. Short @ 9:35 @ 1267.50, my stop is 1271, This is yesterdays close. 1271 is yesterdays M period high. There is a volume cluster right near the 71's from yesterdays L period that sent us to yesterdays low. UPDATE @ 9:47, i AM MOVING MY STOP DOWN TO 1270.50, THAT IS THE BOTTOM OF THAT CLUSTER I SPOKE ABOUT, IF THEY WANT TO TAKE IT UP TO THE TOP OF THAT CLUSTER, THAT IS NEAR THE K PERIOD LOW IN THE 72.75 AREA, I WILL LOOK THERE NEXT. Stopped out loss 160 pts Short @ 1271.75 @ 9:56, my stop is 1274 above teh current A period high, there is a bit of passive selling in the 72's here. It looks like we could be in for a balancing type of day with this larger opening range, the 1263's is were we short coverd from last time though, so that is a consideration also. I also should have realized that the first order on the day, was to take out the Globex inventory up to resistance which is what we have done so far. The tick is stong, if we get stopped out, OUT loss 90 pts. Short @ 1273 @ 10:02, my stop is 1275, the low volume area before teh main cluster at 1278. That last push looks like it may be it, the bids just disappered. The XLF and the tick is starting to level off also. Stopped out agian, loss 80 pts.Wow, i missed this one off of support, but I am not buying the high, This looks like the short covering that took place last time from the 1263's. Damn~ I will wait to see if we retrace, but if we do trend, retracements will be small. This is almost to tempting not to sell here in the 82's, this is short covering the question to what point?/we are at yesterdays high, the gap at 89? The tick is stong, and all sectors are participating, LONG @ 1281.25 @ 10:20 damn, right at the highs, I hate this, my stop is 1280. OUT @ 1285 @ 10:25, gain 150 pts. Short @ 1284 @ 10:26, the tick is starting to roll over, my target is the 1279's, my stop is 1286, Reverse at 1283 @ 10:41, gain on the short 40 pts. Now long @ 1283, my stop is 1280.75. UPDATE @ 12:17, I AM MOVING MY STOP UP TO BREAK EVEN AT 1283. I AM NOT SURE ON THE TARGET, MAYBE THE 1300 LEVEL OR THE 1305-09's? Once we break out over the 1291's, which is also the upper limits on the 30 day distribution, I think the 1300+ level is the target, that would be a major shift upward in value. We are at the upper limits in the 88-89's now on the 20 day overlay. UPDATE @ 12:26, WE ARE STALLING UP HERE IN THE 88'S, I AM MOVING MY STOP UP TO 1286. UPDATE @ 1229, MOVING MY STOP UP TO 1287, OUT @ 1288.25 @ 12:31 GAIN 210 PTS. I would like to get back in long on a retracement down to the 85-87 area. Long @ 1288.25, there is passive buying in the 87's, i was hoping to get the 85's but it doesnt look like it, my stop is 1284.25 , just incase we test the 1285's quickly. The XLF is breaking up also. We are right up here at resistance, this is a critical area, one reason why my stop is a little bit away, I like the fact that there is two sided trade thus far up here, maybe we can get the shorts at the 87-91 area to cover, sending up up to the 1300 level. UPDATE @ 1:08, WE JUST MADE A NEW HIGH BY A TICK ONLY, I AM MOVING MY STOP UP TO 1287, IF I GET STOPPED OUT, I THINK I CAN REENTER DOWN NEAR THE 84-85 AREA IF ALL IS STILL WELL,~UPDATE @ 1:35, WE BROKE THROUGH RESISTANCE, MOVING MY STOP UP TO 1289.25, ONE POINT OVER OUR ENTRY. MY FIRST TARGET IS 1300. UPDATE @ 1:44, I AM MOVING MY STOP UP TO 1291. OUT @ 1292.75 @ 1:47, GAIN 180 PTS, I Will look for a reentry a bit below us, maybe the I period low in the 1290 area. We just hit the 2nd SD below the mean at the 91's for the first time since noon time. I missed the entry though, damn~Long @ 1293 @ 1:51, my stop is 1291, below the price on the retracment were we hit the 2nd SD BTM. UPDATE @2:32, WE ARE BREAKING UP IN THE xlf, MY TARGET IS THE CLOSE OR THE 1300-1310 AREA. UPDATE @ 3:38, I AM MOVING MY STOP UP TO 1294, ONE POINT ABOVE BREAK EVEN. UPDATE @ 3:43, I AM MOVING MY STOP UP TO 1295. UPDATE @ 3:48, I AM MOVING MY STOP UP TO 1296. OUT @ 1296, GAIN 120 PTS. Thats all for me today, got stopped out on my stop to end the day in good shape considering the -330 point during the first hour. It was a real good day on execution, I was able to turn the loss around and get on the right side early enough to salvage my day. Good trading to you.
TOTAL GAIN FOR THE DAY 370 PTS
8/11
Long @ 1292 @ 9:41, my stop is 1290 below the A period low.The tick had a quick reversal near yesterdays closing range, and Open interest increased on friday by +49587 contracts, not bad more buying then short covering, my target is the 1297-1300 area. UPDATE @ 9:46, THE XLF IS LEADING THE WAY HIGHER, WE ARE GOING TO NEED A LOT OF BUYING TO GET US PAST THE 1300 LEVEL~UPDATE @ 10;00, I AM MOVING MY STOP UP TO 1293, WE ARE TRADING THE 96-97'S NOW~OUT @ 1295.50 @ 10:06, GAIN 140 PTS. The XLF has stalled and we are at resistance up here. Long @ 1296.25 @ 10:11, we are making higher lows in the tick and the XLF looks like it is breaking up, we also have passive buying in the 95's my stop is 1294. UPDATE @ 10:19. I am moving my stop up to 1295 . OUT @ 1297 @ 10:25, gain 30 pts, it doesnt seem as if we have enough buying interest to push up higher, the tick can sustain itself above 400 or so. As soon as I get out, we stall, there is agian passive buying in the 96-97 area, this two sided trade may very well have the ability to send us higher if the volume cluster at the 97's dont reengage with new short equity, The XLF seems hesitant to sell off, and the tick is not making lower lows either, LONG @ 1296.75 @ 10:41 my stop is 1295. UPDATE @ 10:57 The XLF is trying to break up, but having trouble, I will say this though, the longer we sit up here, the higher the chance of breaking though~~The D period just opened up, I am moving my stop up to 1296 @ 11:04, My target is 1300-1302, then the 1308s if we go through the 1302's. UPDATE @ 11:10, We are trading the 1300's now, the tick is strengthing, and the XLF is leading the way, so I am targeting the 1308's as a target unless something changes. OUT @ 1299.75, A LOT OF PASSIVE SELLING IN THE 1300'S, I will look to reenter lower. gain 120 pts. The 1297's would be a nice reentry or the 1295's even better. We are not breaking down, Long @ 1300 @ 11:20, my stop is 1297, The tick is making higher highs, and the XLF is not selling off. Volume deltas are not increasing to the negative either. UPDATE @ 11:34, I am moving my stop up to 1299. OUT @ 1302 @ 11:35, THE TICK IS MAKING LOWER HIGHS, GAIN 80 PTS. The XLF is still making higher highs though, I might have gotten out early. Damn, i did, trading the 1304's now, I will wait for the action up at resistance in the 1308's, check out the volume cluster up there from the 6/26 volume at price chart in the archives. UPDATE @ 12:21, WE ARE TRADING INTHE 1308'S NOW, The XLF is still making higher highs, and the tick is strong, not offering many pull backs, so I wait~It is tempting to short up here in the 1307's~we just broke up to the 1310's, we will wait before doing anything yet, the XLF is leading higher, so far it doesnt seem as the sellers at the top of that volume cluster from 6/26 are reegaging.We are right at the gap, 1322 is the next stop if we break up. One of challenges, the retracements are not great, so you have to buy new highs on entrys, at resistance, which isnt easy. The G period just opened up, the tick is stong, the XLF is strong, we have a 1 pt retracement! There is no selling at the gap here at all, we are at resistance in the XLF on the dailys also. I left over 280 pts on the table from my exit on the last trade, Damn!We just hit the 2nd SD below the mean on the tick and price didnt move, LONG @ 1309.50 @ 12:36, my stop is 1307. UPDATE @ 12:43, I am moving my stop up to 1308.50. reversing @ 1309.50, now short @ 1309.50 @ 12:45. my stop is 1311. Breakeven on the last long. The tick is breaking down, 1310 is the top of that cluster and the bottom of the gap from 6/26, we should have a retracement at least a little, my target is the 1304's. UPDATE @ 12:57, We are having the biggest retracement all day, 3 pts off the high, H period is just 3 minutes away, the tick is making higher lows, but lower highs, I think we can get a bit lower, but there is passive buying coming in at the 1308's, no clear signal here. Buying volume deltas are drying up though~What the hell, i am taking another 40 pts, OUT @ 1308.50 @ 12:59. Gain 40 pts, if we get lower, i will get long if all is well. ACCORDING TO OUR MONEY MANAGEMENT PROTOCOLS, WE ARE TRADING 44 CONTRACTS NOW. Long @ 1308 @ 1:09, my stop is 1306, The XLF is starting to rally, and the tick is making higher highs, the selling is drying up also. I think the market can close the gap and trade to the 1322's, lets see if I can hold that long! It will be a miracle if I can!, It would make a great day if it happens though! UPDATE @ 1:24, I am moving my stop up to 1307, right below big passive buying in the 1307.25-1307.75 area. The XLF is making higher highs also. UPDATE @ 1:36, I am moving my stop up to 1310, the tick is stalling as is the XLF. UPDATE @ 1:40, MOVING MY STOP UP TO 1311, OUT @ 1311.50 @ 1:41 GAIN 154 PTS. I didnt think that I could hold to 1322! LOL, I will look for another entry if all is well in the 1309's? maybe~~Long @ 1311.50 @ 1:49, we got down to 1310's, and stalled, the tick is now making higher lows, and the XLF is also, this sets the stage to close the gap, my stop is 1308, my target is the 1322's. OUT @ 1311.50 @ 1:58, BREAKEVEN. The tick abrutly halted after a small bar up, and the XLF did also. 1307's might be a good area for a long~~long @ 1308.75 @ 2:05, the XLF is turning around as is the tick, my stop is 1307. stopped out loss 77 pts. LONG @ 1307.75 @ 2:18, my stop is 1306, the tick and the XLF is diverging, question is, is 1306 to close of a stop?1304.75 is the F period low? Stopped out loss 77 pts, right to the F period low, Long @ 1306 @ 2:25, my stop is 1304. If the 1304's dont hold, that is it for closing the Gap today.The next support is all the way down at the 1293's-1297's Reversing @ 1304.50 @ 2:35. the tick is breaking down, looks like we are going to retrace the range today. Loss on the long 66 pts, now short @ 1304.50, my stop is 1307, my target is the B and C period low in the 1295-96 area OUT @ 1302.50, THE TICK IS MAKING HIGHER HIGHS, TAKING MY 88 PT GAIN. This is a tough place to buy though, I still think 1295-97's are in the sights. It is still breaking down, I would like to get short above 1302.50! Damn, Short @ 1301 @ 2:53, my stop is 1304, no retracement ther, the XLF is selling off, i would imagine the tick will to in time, my target is the 1295-1297 area. I just realized that I missed the potential support from the D period volume cluster in the 1299-1300 area, that may put this last short at risk of stopping out, Damn. A lot of passive buying came in at the 1300.25, 50 and 1300.75 price lines too. That oversight cost me, stopped out loss 132 pts. That pisses me off. I am taking a break, No time for a break, Short @ 1304.25 @ 3:06, my stop is 1307, my target is the close,now I am taking a break.UPDATE @ 3:30, i AM MOVING MYS STOP DOWN TO 1303. ALMOST GOT STOPPED OUT ON THAT ONE! UPDATE @ 3:32, Moving my stop down to 1301. OUT @ 1298 @ 3:33, THIS IS RIGHT ABOVE THE OPENING RANGE BUYING CLUSTERS, GAIN 275 PTS. I AM DONE FOR THE DAY. Good trading to you. PS> The tick is making higher lows as we are trading at this volume cluster, that is why I got out at 1298, futher downside may be limited. 1292 is the bottom of the cluster.
TOTAL GAIN FOR THE DAY 575 PTS
8/12
Short @ 1300 @ 10:16, my stop is 1304, The N perod low from yesterday. My target is the 1292-1294's from yesterdays A perod volume cluster. Open interest dropped by 50798 contacts yesterday! At new highs there was equity leaving the market, that set the stage for a short. I missed the short at the A period open, I got to the desk a bit late. OUT @ 1295 @ 10:32. Gain 220 pts. The tick is looking weak, Short @ 1295.50 @ 10:42. my stop is 1298. If we break below this volume cluster that we are testing now, we could very well test the other end of 8/10's value area in the 1282's. There is a bit of two sided trade in the 1288's, but the 1281 is the low of the volume cluster that sent us higher on that day. UPDATE @ 10:50, I may be in trouble on this one, the entry looks to be a bit early. the tick is building higher highs, If I get stopped out, I will look at the 1300 or above the A-B period highs for reentry.The large block in the A period and B period that has sent us lower is from 1298.50-1300.50. The better entry would have been in the 96's-97's with a 1300 stop, Trading the 96's currently. The volume has disappered, no volume on the retest down at 1295, I am not liking this at 10:58 am. Reverse at 11:06 @ 1297, my stop is 1294.50, loss on the short, 66 pts, now long @ 1297, with a 1294.50 stop. A lot of passive buying came in in the 1295's. I am moving my stop up to 1295, my target is the 1300 area from that volume cluster in A period that sent us lower. OUT @ 1298, @ 11:12, THERE IS PASSIVE SELLING IN THE 98'S. REVERSE @ 1298 @ 11:12, MY STOP IS 1301, GAIN ON THE LONG 44 PTS.UPDATE @ 11:20, IF THIS CLUSTER IN THE 1300'S DOESNT HOLD WE WILL PROBABLY HAVE A BALANCING TYPE OF DAY UNTILL THE AFTERNOON, WE COULD VERY WELL TEST THE CLOSE FROM YESTERDAY AT 1305. Stopped out loss 132 pts. SHORT @ 1300.50 @ 11:31, MY STOP IS 1303, MY TARGET IS THE LOWS IN THE 1295'S.UPDATE @ 12:03, THE MARKET IS DEAD, I AM MOVING MY STOP DOWN TO 1301. The XLF though is diverging, that could help us pick up some steam. My target is 1295's. OUT @ 1298 @ 12:23, THERE IS PASSIVE BUYING IN THE 1298 PRICE LINE. GAIN 154 PTS. I am back to where I was at 11AM! I am taking a break. What the hell, short @ 1299 @ 12:29, the XLF is turning around after a slight rally, and so is the tick. my stop is 1301. My target is the 1295's. This way just in case we break, i am positioned, now i am taking a break. I dont know why this support is coming in at the 1297's, passive buying agian, OUT @ 1297.75 @ 12:41 GAIN 55 PTS. The XLF is turning again, Short @ 1298.25 @ 12:46, my stop is 1300, my target is the 1295's. Stopped out loss 77 pts. Short @ 1300 @ 1:01. My stop is 1301. My target is still 1295. OUT @ 1298.50 @ 1:10 GAIN 66 PTS. This market is not giving much opportunity, passive buying is coming in in the 98's now! I am going to lunch~~one more trade before I go, Long @ 1296.75 @ 1:26, my stop is 1295, my target is the 1299's. The tick hit the 2nd SD below the mean, and we are right at the volume cluster in C period that sent us up to the 1302's. The Caveat is the XLF is still weak. I am moving my stop away by two ticks to 1294.50 @ 1:39, it seems the 1295.25 is support, but they could tick it below by a tick or so. The tick is making higher lows, so I feel OK with the slightly lower stop. I hope we get a pop quickly so I can get out of here! My limit order to offset is 1299. OUT @ 1296.75 @ 1:57, BREAK EVEN, THE TICK AND THE XLF REVRSED WHEN PASSIVE SELLING DEVELOPED IN THE 1297.50-.75 PRICE LINE. Long @ 1295.50 @ 2:01, my stop is 1294, my target is the 1297.25 or 1297.50 OUT @ 2:07 @ 1297.25 GAIN 77 PTS. That is truely it for me till the last hour, going to eat! I hope I dont miss the move to the 1283's! Oh my i missed the sell off! Short @ 1290.75 @ 3:18, my stop is 1293, my target is the 1283 area. UPDATE @ 3:35, I AM MOVING MY STOP DOWN TO 1289, UPDATE @ 3:37 I AM MOVING MY STOP DOWN TO 1288, THE XLF IS NOT MAKING LOWER LOWS HERE, CLOSE STOP SINCE I MISSED A LOT OF THE MOVE. I WOULD LIKE TO GET OUT INTHE 1283'S THOUGH. IF WE BREAK BELOW THE 1285.75 PRICE, I WILL MOVE MY STOP DOWN TO 1287. UPDATE @ 3:39, MOVING MY STOP DOWN TO 1287, OUT @ 1286 @ 3:41 GAIN 209 PTS, AT LEAST I GOT SOME OF THE MOVE. NOW THERE WAS A NICE REVERSE THAT I MISSED, FROM 1285'S TO THE 1288'S IN A COUPLE OF MINUTES. ALOT OF WORK TO DO!! Short @ 1289.25 @ 3:55, my stop is 1291.25, my target is 1285-1283's, 16 minutes to go, looks like i am in trouble on this one, OUT @ 1290.50 @ 3:59 loss 55 pts. Thats it for me, good trading to you.
TOTAL GAIN FOR THE DAY 495 PTS
8/13
Long @ 1284.50 @ 9:32, my stop is 1283, MY TARGET IS THE CLOSE FROM YESTERDAY AT 1289.50-1292.50. The open interest yesterday decreased by 31601 contracts on relativly lower volume. I would expect more of a balancing day today. The XLF is selling off and passive selling is coming in at the 1287's. OUT @ 1286 @ 9:37 GAIN 66 PTS. DAMN, I MISSED A GOOD REVERSE, TRADING THE 82'S NOW. We are right at the volume cliuster in B period from 8/11, I would be a seller on a rally here~The next main support is down at 1268, Short @ 1282.25 @ 9:44, I would have like to been short from our previous exit, or the 1285's but I am not sure we are going to get much retracement as teh XLF is making lower lows. My stop is 1286. Having not closed the gap or retraced much of the Globex, we may trend through the 1270's here. My target is the 1267's. UPDATE @ 9:47, I AM MOVING MY STOP DOWN TO 1284. I might be in trouble on this one, we just traded teh 1283.75 line. We just hit teh 2nd SD about 5 minutes ago, and price rallied to 1283.75, if that holds, a rotation back to the 2nd SD below the mean on the tick should make new lows, if not we could test the 1287's-88's which is the next volume cluster from yesterday and 8/8. OUT @ 1282 @ 10:01, THERE IS PASSIVE BUYING IN THE 1281's AT THE B PERIOD OPEN, WE DIDNT EVEN TAKE OUT THE A PERIOD LOW. GAIN 11 PTS. dAMN, THERE IS ANOTHER REVERSE I MISSED, TRADING THE 85'S PROBABLY ON THE WAY TO THE GAP, THAT I JUST SPOKE ABOUT. I missed the short from the 85's, we had higher tick values and lower price highs ~Long @ 1280.50 @ 10:16, my stop is 1279.50. The XLF looks hesitant to make a lower low, and the tick is stronger overall then weaker overall. my target is the 1285 area or the A period high or maybe even the gap at teh 89-92 area. 5176 contracts traded passivly at 1280.50, that should be support. If we break that, I think we fall at least 10 pts. OUT @ 1282.50 @ 10:26, THE TICK CHART STALLED AT TEH 2ND SD ABOVE THE MEAN AND TEH XLF IS DEAD. GAIN 88 PTS, THIS MARKET IS HARD TO TRADE,NOT MUCH MOMENTUM AT ALL. I AM MISSING ALL MY REVERSING OPPORTUNITIES. LONG @ 1279.50, @ 10:30, MY STOP IS 1278.50, PASSIVE BUYING, LIKE STOPP RUNNING LOOKS TO BE OCCURING UNDER THE B PERIOD LOW, THE XLF IS NOT MAKING LOWER LOWS, AND NEITHER IS THE TICK. MY TARGET IS THE OTHER END OF THE RANGE IN THE 1285'S. Stopped out loss 44 pts. SHORT @ 1279, MY STOP IS 1281, THE XLF IS BREAKING DOWN, THE TICK IS STILL MAKING HIGER LOWS THOUGH. The XLE is ralling stong, probably why the XLF is selling off a bit, although we havent broken hard yet. This trade today thus far is very choppy, if this trade doesnt work, i am taking a break. OUT @ 1279 @ 10:46, THE TICK AND PRICE AND THE XLF STALLED TO MUCH PASSIVE BUYING IN THE 1278'S. BREAK EVEN. I AM TAKING A BREAK. I AM GOING TO TRY THIS ONE MORE TIME, SHORT @ 1280 @ 10:51, MY STOP IS 1282, MY TARGET IS A BREAKDOWN TOWARD THE 1267'S. If we were going to have a balancing day, i would have expected a rotation upward my now, only 7 minutes to D period. The tick though is acting like a balancing type of day, but the XLF made lower lows., UPDATE @ 11:10, FINALLY MAKING A LOWER LOW, I AM MOVING MY STOP DOWN TO 1280.UPDATE @ 11:14, I AM MOVING MY STOP DOWN TO 1279. WE ARE LOSING MOMENTUM, OUT @ 1277.25 @ 11:15 TEH TICK STALLED AT THE 2ND sd blm AND MADE HIGHER HIGHS AT THE LOW. GAIN 121 PTS. LOOKING TO REENTER SHORT~~NOTE THE 10 DAY OVERLAY PROFILE, WE ARE RIGHT AT THE POC, THE OTHER END OF VALUE IS TEHE 1265 AREA, THAT IS WHERE THE MARKET PROBABLY WANTS TO TEST. SHORT @ 1279 @ 11:21, MY STOP IS 1282. OUT @ 1276 @ 11:45, The tick is making higher lows, I will look for a reentry, gain 132 pts. The XLF is still making lower lows and the XLE is still making higher highs, so the retracements may be limited, maybe to the 77 or 78's? Short @ 1276 @ 11:50, there is passive selling in the 1276 price line, my stop is 1279, the XLF is making lower lows still and the tick bounced off of the +200 area and closed negative. OUT @ 1276.50 @ 12;01 LOSS 22 PTS, REVERSE @ 1276.50 NOW LONG, MY STOP IS 1275, MY TARGET IS THE 1280-1281 AREA. The tick made a lower low in value, but not in price after 15 minutes of consolidation in the 1275s, lots of passive buying down there for now, the XLF did a reversal also. The XLF and Tick is starting to reverse, we may be in trouble on this one. Damn stop out, loss 66 pts. Short @ 1275 @ 12:11, my stop is 1278, that last trade sucked! LOL. That retracement was *&$^$#@ weak. the tick is breaking down in a big way now, as is the XLF, the XLE and XLB are making new highs. My target is the 1267's. THIS IS REDICULOUS, I AM ALMOST STOPPED OUT AGIAN? LOSS 132 PTS. SHORT @ 1277.75 @ 12:29, MY STOP IS 1280. The regression channel for the tick is heading south,and the tick just hit the 2nd SD above the mean, my last entry just sucked. hopefully the stop at 1280 is not to close, 1281 is probably the better stop, we will see. Reversing @ 1280 all sectors are in sync some how, I dont know what is up, my stop is 1276, loss on the short 99 pts, now long from 1280. This sucks, I dont even like this position, but the tick is making higher highs as is the XLF, SPX, XLB, and XLE, doesnt make any sense to me. Could I be completely wrong on this , could be, the 1281.50 area is the next resistance, if we break above that,we do have a balancing day, and the 1285's would be the target or yesterdays close, one thing for sure, lately I have been on the wrong side of all the trades. Reversing @1279.25 @ 1:09, my stop is 1281, NOW SHORT @ 1279.25, this last LONG position didnt feel right, loss 33 pts, the normal pattern is back now, the XLF is selling off, the XLE is ralling, AND THERE WAS A LOT OF PASSIVE SELLING IN THE 1279-1280 PRICE LINES. MY TARGET IS THE 1267-68'S. I AM TAKING A BREAK, MY LIMIT BUY IS 1268, MY STOP IS 1281. sTOPPED OUT LOSS 77 PTS, SHORT @ 1286 @ 1:51,MY STOP IS 1288, WE TOOK OUT THE A PERIOD HIGH, BUT THE xlf CONTINUES TO DIVERGE. AND TO THINK I WAS LONG FROM 1280, WHAT A JOKE. sTOPPED OUT LOSS 88 PTS. SHORT @ 1287.50 @ 2:02, MY STOP IS 1289, STOPPED OUT LOSS 66 PTS. SHORT @ 1288.25 , MY STOP IS 1289.50, The XLF is diverging once agian, the gap is still not closed, we will probably close it, who knows, I am about done. OUT @1285 @ 2:36 and reversing, now long @ 1285, my stop is 1283, my target is the gap at 1292.The tick and the XLF stalled with passive buying in the 1284 area, right near the low of the block in I period that sent us up to the highs.Gain 110 pts. UPDATE @ 2:44, ALL SECTORS ARE RALLING, THE XLF, XLE, XLB. FINALLY A BREAK I AM ON THE RIGHT SIDE OF THE MARKET ( %$@) AMAZING! ITS BEEN A WHILE SINCE I AM CURSING! I SHOULD PROBABLY STOP TRADING. WE JUST CLOSED THE GAP AT 1292, BUT THINGS LOOK LIKE THEY COULD TEST A BIT HIGHER, I AM OUT @ 1291 @ 2:49, I AM TAKING MY POINTS. (&^$&^%& ) . GAIN 264 PTS. SHORT @ 1290.50 @ 2:50, MY STOP IS 1292.50,MY TARGET IS THE 1285 AREA. OUT @ 1289 @ 2:56, the tick stalled not even at the SD BLM. The XLF is making higher highs now, gain 66 pts LONG @ 1292 @ 2:59, my stop is 1289.50, right where the volume cluster is in K period that sent us up here, I cant hardly keep up, and I missed the reverse, damn hard day. All sectors are agian in sync. I am thinking the target could be the cluster from yesterdays open inthe 1299 area. The XLF is still diverging, but obviously that doesnt matter today. Now they let me curse yes!! &&%%&%$ day. 18 &^%$$&^% trades, that is almost $4000 in ^*&%#!$# commisions?? DAMN, I AM NOT FIT TO TRADE ANYMORE., MY STOP OR THE CLOSE ON THIS MY LAST TRADE! They come within one &^%$^##%$ tick of my stop? HOLY $&^&#&^&!!!! Stopped out loss 110 pts, that is all for me today, Good trading to you. $4,000 in commissions, $7,100 in gross gains, $2,900 in net profits, I dont know whether to happy or mad, I think I am pissed. LOL, I will say this, today was a harder day then many that I simply lost money on. I need a break~~!!
TOTAL GAIN FOR THE DAY 143 PTS
8/14
SHORT @ 1279.50 @ 9:46 @ MY STOP IS 1281. There is passive selling in the 1280.25 and 1279's price line, and the M period low from yesterday is 1281. The Open interest decreased by 1404 contracts yesterday, considering the last two days, i wouldnt be surprised to see a balancing day. the 1267s are support, the 1294's resistance. Stopped out loss 66pts SHORT @ 1282 @ 10:01, MY STOP IS ABOVE YESTERDAYS CLOSE AT 1286. UPDATE @ 10:07, I AM MOVING MY STOP DOWN TO 1284.75 @ 10:07, The XLF is leading the way higher, and the tick is strong. Stopped out loss 121 pts. SHORT @ 1284.25 @ 10:25, MY STOP IS 1286 STOPPED OUT LOSS 77 PTS. ALL SECTORS ARE IN SYNC, AND I HATE BUYING THE HIGH BUT WE WILL LOOK FOR AN ENTRY. LONG @ 1287.50 @ 10:34, MY STOP IS 1284, MY TARGET IS THE 1305 AREA. 1294 COULD OFFER SOME RESISTANCE. THE 1305'S ARE THE GAP FROM 8/11. I must have to ask myself in this time of trading trouble, if open interest has dropped on the last two days selloff, and we had negative news and the globex sold off, why would I be a seller? The set up is perfect for a long, hence I have to ignore some of the signals that I would normally take and buy buy buy, why o why couldnt I be long from 79.50?!!OUT @ 1292 @ 10:55, i WILL LOOK FOR A REENTRY, THE TICK IS FALLING AND THE XLF TOO. GAIN 198 PTS. LONG @ 1290.50 @ 10:57, WE HIT THE BOTTOM RANGE OF THE TICK VALUES FOR THE DAY, MY STOP IS 1287. UPDATE @ 11:02, I AM MOVING MY STOP UP TO 1289. UPDATE @ 11:11, We are right at resistance in the 93-94's, I am moving my stop up to 1292. Moving my stop up to 1293 @ 11:13 STOPPED OUT, GAIN 110 PTS, I am looking for a reentry~~We are not getting much of a retracement. damn, Long @ 1293.50 @ 11:16, my stop is 1290. UPDATE @ 11:20, I AM MOVING MY STOP UP TO 1292OUT @ 1294.75, THE TICK IS NOT MAKING HIGHER HIGHS. GAIN 55 PTS. I will look for a reentry. Long @ 1294 @ 11:25, my stop is 1292, The XLF is holding its own, and the tick is at the mean which has been support all day. stopped out loss 88 pts. My stop was just to close. damn, long @ 1292.50 @ 11:42, we just hit close to the 2nd SD below the mean in the tick regression chart for the first time today,my stop is 1290, 1290 is at the low of the volume cluster in C period that sent us to the highs. It is also one tick below the D period low. There is not much selling pressure up here at resistance at all. If the 1290 holds, 1300-1314 is in the sights.OUT @ 1294 @ 12:00, I THINK WE ARE GOING TO TRADE IN A RANGE OVER LUNCH. GAIN 66 PTS. I will look for a reentry in the 92's. Short @ 1294.50, @ 12:03, my stop is 1296, my target is 1292. OUT @ 1293.50 @ 12:06 the tick is ralling, reverse, now long at 1293.50 my stop is 1291, gain on the short 44 pts. The XLF IS ALMOST MAKING HIGHER HIGHS, AND WE ARE ABOVE THE E PERIOD HIGH. OUT @ 1294.50 @ 12:10, THE TICK REVERSED AND PASSIVE SELLING CAME IN AT THE 1295-1294.75 PRICE LINE, I WILL REENTER LOWER. GAIN ON THE LONG 44 PTS. The 1294-1295 is attracting passive selling, but we are not selling off much, standing buy for the 1292-93's for a long. Long 1293.75 @ 12:12 the tick is revesing, my stop is 1292. the XLF is almost at new highs. Passive selling came in at the 1295.75 line this time and is pushing the XLF a bit lower, damn, early should have waited for the 1292's. The XLE AND XLB ARE SELLING OFF, THAT SHOULD BE GOOD FOR THE SPX. UPDATE @ 12:17. Volume deltas are increasingly green as we trade between the 92-95's, it feels like we are ready to break up, question is can we do it during lunch and catch folks off guard? The XLF has made new highs, that is the only reason I am not taking another 44 points by getting out at 1294.75 @ 12:20, standing by for a break up.Damn, we hit the 1295.75 line with only 33 on the ask? A minute latter, 236 on the ask at 1295.75? I cant take a point here with my 44 lots, I dont think I can get back in at a good price, but not trading though the 95's is perplexing. The XLF is still pusing a bit higher, maybe this is the time for a breakup~~OUT @ 1294, gain 11 pts, the XLF just turned down. I will look for the 92's or 91's for a long. I dont want to miss the next leg up, and these retracements are small, trading the 93.50 line now. Long @ 1293 @ 12:30, my stop is 1291. UPDATE @ 12:35, THE XLF IS MAKING A HIGHER HIGH WITH A STRONG 5 MINUTE BAR, THE SPX HASNT MOVED MUCH YET, STILL TRADING THE 94'S, STANDING BY~THE POC OF THE NEXT LARGE VOLUME CLUSTER FROM 8/12 IS 1299, THAT WOULD BE A GOOD FIRST TARGET.Passive selling is coming in at the 1295's and the 1294.75's, OUT @ 1295 @ 12:38, gain 88 pts I willlook for a lower reentry. Every time the XLF makes a higher high we get passive selling on the 5 tick reversal chart. Standing by for a rentray in the 93's, Long @ 1294 @ 12:40, the XLF is picking up and there is no selling deltas at the 1293.75 or 1293.50 line. 1259 contracts came in on the bid as passive buying with only 333 a tick below that and 18 a tick below that. My stop is 1292. UPDATE @ 12:43, BOY THAT WAS JUST IN TIME, I ALMOST MISSED IT, THAT IS EXACTLY THE RISK YOU TAKE SCALPING NEAR THE HIGH ON A TREND DAY UP, BUT WE DID MAKE A LOT DOING IT, TRADING THE 97'S NOW, MOVING MY STOP UP TO 1294. 1299 IS MY TARGET, JUST A POINT AWAY~I MIGHT WAIT TO 1301, WE JUST HIT THE 1299 AND THE XLF IS STILL STRONG AS IS THE TICK. TRADING THE 1300'S OUT @ 1299.50 @ 1249, GAIN 220 PTS, LOOKING FOR A REENTRY LOWER, THE XLF STALLED AND THE TICK IS REVERSING BACK TOWARD THE MEAN. LOOKING FOR THE 95-97'S FOR REENTRY. WE ARE GETTING A LOT OF PASSIVE BUYING IN THE 1299 LINE, THE XLF IS STILL STALLED THOUGH~~I WOULD LIKE TO GET THE 96'S THAT IS THE D AND F PERIOD HIGHS. I MAY HAVE TO TAKE THE 97'S OR 98'S THOUGH, I DONT WANT TO MISS ANY SHORT COVERING FROM THE CLUSTER THAT WE ARE TESTING, THAT COULD SEND US UP TO THE 1305'S-1314 AREA. I AM NOW TRADING 48 LOTS ACCORDING TO MY MONEY MANAGEMENT PROTOCOLS, I AM ALMOST HALF WAY TO MY GOAL OF 100 LOTS. AFTER A TOUGH START TODAY AND A HARD DAY YESTERDAY, ALL I HAVE TO SAY IS TO HANG IN THERE, BETTER DAYS CAN BE RIGHT AHEAD. LONG @ 1298.75 @ 12:56, MY STOP IS 1295.75. There is a lot of passive buying in the 98-99's, my stop is just below the D and F period highs. trading the 98 line now. the tick is stong, but the XLF is selling off a bit, I might be in trouble on this one, I would buy dwon to the 1293's though if I get stopped out and passive buying comes in. UPDATE @ 1:27, THE MARKET JUST DIED! CONSIDERING THAT WE ARE NEAR THE UPPER LIMITS ON THE 30 DAY OVERLAY, THE TWO SIDED TRADE IS PROBABLY GOOD, BUT IT LOOKS LIKE I AM GOING TO GET STOPPED OUT ON MY FIRST TRADE WITH 48 CONTRACTS, THIS ALWAYS HAPPENS! OUT LOSS 144 PTS. WHERE TO REENTER? MAYBE THE 1294-1292'S. LONG @ 1294.75 @ 1:32, MY STOP IS 1292.50. THE TICK JUST HIT THE 2ND SD BELOW THE MEAN, THE XLF LOOKS LIKE IT IS REVERSING ON THE 5 MINUTE CHART. THE I PERIOD HAS NOW MADE A LOWER LOW, THAT IS IMPORTANT TO HOLD, IF WE BREACH THE THE 92'S, WE COULD REVERSE AND SELL OFF. STOPPED OUT LOSS 108 PTS, DAMN. WE COULD BE IN FOR TROUBLE, IF THIS DAY IS JUST SHORT COVERING. THE XLF IS MAKING LOWER LOWS.STOPPED OUT RIGHT TO THE TICK, LONG @ 1293.50 @ 1:48, MY STOP IS 1292 RIGHT BELOW US. MAYBE THE BETTER STOP WOULD HAVE BEEN 1291.50 THE E PERIOD LOW, THE TICK IS MAKING HIGHER LOWS, BUT THE XLF DOESNT LOOK SO WELL. YET~~OUT @ 1296 @ 2:04, PASSIVE SELLING CAME IN AT THE 1296'S AND THE TICK HIT THE 2ND SD ABOVE THE MEAN AND REVERSED AS DID THE XLF GAIN 120 PTS, LONG @ 1295, @ 2:09 THE TICK REVERSED AND PASSIVE BUYING CAME IN AT THE 1295'S MY STOP IS 1293, JUST IN CASE WE BREAK UP, I AM TAKING ANOTHER SHORT SINCE WE MADE A BIT ON THE LAST TRADE. STEPPING OUT FOR LUNCH, MY STOP IS 1293, MY LIMIT SELL IS 1305. STOPPED OUT LOSS 96 PTS. SHORT @ 1292 @ 3:20, MY STOP IS 1294, MY TARGET IS 1283. The tick is rolling over as is the XLF. The 1283 area is where the volume cluster is that sent us higher on the day, 1300 proved to be good resistance. SO BE IT~~OUT @ 1291 @ 3:36 GAIN 48 PTS THE TICK IS MAKING HIGHER HIGHS AND THE XLF IS ALSO RIGHT AT THE LOW OF THE CLUSTER IN C PERIOD IN THE 1289'S, STANDING BY FOR A SHORT AT A HIGHER LEVEL, SHORT @ 1293 @ 3:42, MY STOP IS 1295, MY TARGET IS THE 1283-1288 AREA.OUT @ 1292 @ 3:56, IT DOESNT LOOK LIKE WE WANT TO PUSH THE OTHER END OF VALUE, GAIN 48 PTS, THAT IS IT FOR ME, GOOD TRADING TO YOU. IT WILL BE INTERESTING TO SEE OPEN INTEREST FOR TODAY.
TOTAL GAIN FOR THE DAY 352 PTS
8/15
LONG @ 1293 @ 1298 @ 9:34, MY STOP IS 1296, Open interest increase by 18611 on lower then avg volume. I think we can test the 1305-1314's, we havent even attempted to close the gap at 1292 yet. The 1299's is where there was a bit of volume that sent us lower yesterday. There is some passive buying in the 1298-1299.25 price lines. UPDATE @ 9:44, I am moving my stop up to 1299. The XLF is making higher highs and the tick is above the zero line with the regression channel moving upwards. 1305 is my target, it is 8/11's close, it was all down hill from there, the block of volume from that day though, sits at the 1310-1312 area. OUT @ 1301 @9:49 , i WILL REENTER LOWER, THE TICK IS STALLING. GAIN 144 PTS. There is 5458 contracts sittting at the bid, passively, that could be support, I am watching the XLF closely, the tick looks top heavy as does the XLF. 1298's would be nice reentry.Short @ 1300.50 @ 9:51, my stop is 1303 A nice doji on the tick with falling values, trading the 97's now, OUT @ 1298 @ 9:54, that was quick, gain 120 pts this is the block that sent us up. We hit the 2nd SD below the mean and bounced. Damn I missed the reverese, Long @ 1299 @ 9:56,my stop is 1297, I might be in trouble the tick is selling off but hasnt made a lower low yet. stopped out loss 96 pts, right to the tick damn. Everything has reversed, short @ 1295 @ 10:03 my stop is 1295, My target is the block in the 1282's from yestereday. The 1288's could offer support though, that is the area that we rallied from at the close yesterday.The tick is making higher lows @ 10:08, trading the 1292's, a lot of selling deltas though and all sectors are in sync. I am staying with my short. I am moving my stop down to 1293 though. stopped out gain 96 pts. I will look for a reentry. Short @ 1293.25 @ 10:11 ,my stop is 1296, passive selling cam in at 1293.50, 1953 contracts on the 5 tick reversal chart. volume deltas are turning green and the XLF is ralling, I am in trouble agian, damn, looks like 1295.50 is a high as the retracement is going, the tick is reversing and the XLF is also. There is passive buying in the 1294's a bit though, if they cover, we should make lower lows, still over 10 minutes until C period opens. Yesterdays rally considering open interest only increase by 18.000 on lower volume, if that supports yesterday as short coveruing, we should test te 1282's at some point, even the 1275's possibly, a short any where in the mid 90's has a good risk to reward. We do need to break the 1288's fist though, more passive buying coming in at the 1293's. One thing that I dont like is the tick is making higher lows during this consolidation, but it is not making higher highs, 6 in one, half a dozen in the other~~Over all it is weaker~~Stopped out, loss 132 pts a bounce off of the 1291's, damn, short @ 1295 @ 10:29, my stop is 1297, i ignored a signal on the tick chart on this one, I am in trouble damn, the tick is making higher lows, I talked about it, stopped out, &^%%&^%&, loss 96 pts. Now that last trade pisses me off, there was not good reason for ignoring my signal. We are right near resistance, Short @ 1296.75 @ 10:36, my stop is 1300, The tick and the XLF are reversing, and there is passive selling in the 1296-97's I am moving my stop closer though to 1298 The tick is making lower highs during the retracement, I think though that for the morning session unless C period sells off soon, we could be range bound. 1291's-1299's mabye? Stopped out, to close, loss 60 pts. Standing by for a short here~~short @ 1298 @ 10:44, my stop is 1300, the tick is not making higher highs and we are at a big block in the A period that sent us lower in B period. I missed a bit of volume in the 1289-1290 area yesterday, that was enough to send us up to the 98's, damn that cost me. Stopped out loss 96 pts. Short @ 1300 @ 10:55, the XLF is consolidating ant the tick just hit the 2nd SD ATM, my stop is 1302 it looks like they are going to take the stops out above the high, damn, damn, I cannot believe i (*^%&^&^ up at the low, that pisses me off bad! I probably am not fit to trade, but this is too tempting not to try and stay short at resistance up here, we do have more buying pressure on the way up, but we dont have a trend day yet, and that makes me hesitant to buy new highs, it looks more like a balancing day. OUT @ 1298.50 @ 11:11 there is passive buying coming in at the 1298.25 line, over 5000 contracts. gain 72 pts. I would consider getting long if the XLF would rally, but it is not making new highs. Short @ 1300 @ 11:21, my stop is 1302. out @ 1296 @ 11:49, the tick is turning as is the XLF,passive buying at the 1295.50-1296.75 is coming in, this is also at the top of the big cluster in the B period that sent us to the highs. GAIN 192 pts. SHORT @ 1297 @ 11:56 , MY STOP IS 1299, WE ARE GETIING PASSIVE SELLING IN THE 1297-97.25 LINES, THE TICK IS TURNING AGIAN. UPDATE @ 12:05, THE TICK IS MAKING HIGHER HIGHS, REVERSING @ 1296.75, NOW LONG WITH A 1294.25 STOP. GAIN ON THE SHORT 12 PTS. MY TARGET ON THE LONG IS THE 1301-1302 LEVEL. REVERSING AT 1295.75 @12:11,. NOW SHORT @ 1295.75 WITH A 1298 STOP, LOSS ON THE LONG 48 PTS, THE TICK IS BREAKING DOWN AND THE XLF IS ALSO, MY TARGET IS THE DAYS LOW IN THE 1291'S AT LEAST. STOPPED OUT, LOSS 108 PTS, THIS IS REDICULOUS. SHORT @ 1297.75 @ 12:42, MY STOP IS 1300.50 UPDATE @ 2:09, THE XLF IS BREAKING FINALLY AS IS THE TICK, 1293 IS MY TARGET, I AM MOVING MY STOP DOWN TO 1297, We are at the F period low now, OUT @ 1294.50. i am going to lunch, gain 156 pts. Before I go, Short @ 1295 @ 2:29, expecting a break to closing lows, my stop is 1298, my target is the close. Right to the tick you gotta be kidding me, loss 144 pts Long @ 1296.50 @ 3:22, my stop is 1295.50 There is passive buying in the 1296's, and we couldnt break the F-K LOWS, SO, I WOULD SAY THAT WE TEST THE HIGHS UP TO 1302, THAT IS MY TARGET. OUT @ 1298.50 @ 3:48, PASSIVE SELLING CAME IN AT THE 1299 PRICE LINE AND THE TICK MAKE A LOWER HIGH AND THE XLF IS WEAKING ALL RIGHT AT THE G AND L PERIOD HIGH. TOUGH DAY GAIN 96 PTS THAT IS IT FOR ME TODAY, AT LEAST I COVERED COMMISSIONS, AND MADE A LITTLE BIT, TIME TO REFOCUS NEXT WEEK, I AM GETTING CAUGHT CHASING NOISE. NEED TO GET BACK ON A BETTER MORE FUNDAMENTAL TRACK, LESS TRADING, BETTER TRADE LOCATION, WE SHALL SEE., GOOD TRADING TO YOU.
TOTAL GAIN FOR THE DAY 108 PTS
8/18
SHORT @ 1300.50 @ 9:31, MY STOP IS 1303.50 The open interest over the last 4 days has decreased, friday it was -24835 contracts with the lowest volume in a while. My target is the 1288 area. We just closed the gap from friday, and we dont have any buying interest thus far. Lower prices is attracting more volume as we sell off. UPDATE @ 9:48, i AM MOVING MY STOP DOWN TO 1298. UPDATE @ 9:51, MOVING MY STOP DOWN TO 1296 OUT @ 1295 @ 9:55, VOLUME DELTAS ARE TURNING POSITIVE. GAIN 264 PTS. Looking to reenter short~~Short @ 1294.25@ 9:57, we didnt rally much, now the tick is selling agian and the volume deltas are negative agian, my stop is 1296. B period opens in a couple of minutes, I expect continuation quickly if this trade is correct. OUT @ 1293.50 @ 10:07, VOLUME IS DRYING UP. GAIN 36 PTS. THE TICK IS MAKING HIGHER LOWS AND HIGHER HIGHS ALSO. Looking to reenter~~ as soon as the XLF turns or the tick reverses.Short @ 1293 @ 10:10, here it is,, my stop is 1295. OUT @ 1291 @ 10:22, we are at yesterdays low, volume deltas are turning positive and the tick is making higher lows, gain 96 pts. Standing by~~Long @ 10:26 @ 1291.25, my stop is 1290, my target is 1296.75, volume deltas are now postive and the tick is gaing strength, as is the XLF, we have passive buying at yesteredays low in the 1291 and 1290.75 price lines. A nice doji in the price and the tick at the 2nd SD BTM also. My target is the 50% retracement of the sell off. It is also near some passive selling at the 1297 line in A period. C period just opened up. UPDATE @ 10:39, THE XLB AND XLE ARE SELLING OFF, AS THE XLF IS MAKING HIGHER HIGHS, WE COULD VERY WELL TEST THE OTHER END OF TODAYS RANGE, SO I WILL WATCH MY TARGET AT 1296 FOR SIGNS OF CONTINUATION, ONCE WE GET UP THERE, TRADING THE 93'S NOW IN A CONSOLIDATION LINE A LITTLE RESISTANCE AT THE B PERIOD HIGH. THE TICK IS MAKING HIGHER HIGHS AND VOLUME DELTAS ARE GREEN, STANDING BY FOR OUR TARGET~~ OUT @ 1294.25, PASSIVE SELLING IS COMING IN AT THE 94'S 95 AREA, GAIN 144 PTS. I AM STEPPING OUT FOR A WHILE TO GET A MASSAGE, GOOD TRADING TO YOU. NICE BREAK DOWN, LOOKING FOR A POSITION~~SHORT @ 1278.75 @ 2:09, MY STOP IS 1282.75 my target is the 1274-1275 area, OUT @ 1277.50 @ 2:21, i WILL WAIT FOR A BETTER RETRACEMENT, PASSIVE BUYING IS COMING IN AT THE 1277'S AND SOME GREEN VOLUME DELTAS TOO. GAIN 60 PTS, STANDING BY~1267 IS THE NEXT TARGET IF THE 1274-75'S FAIL~ LOOKING TO REENTER SHORT~~SHORT @ 1278.25 @ 2:29, MY STOP IS 1281, MY FIRST TARGET IS THE 1274 AREA, BUT MY EYE IS ON THE 1267 AREA, THE TICK IS WEAK AND THE XLF THE XLB THE XLE ARE ALL LEADING THE WAY DOWN.OUT @ 1277 @ 2:37, THE TICK IS STALLING, LOOK TO REENTER HIGHER, GAIN 60 PTS, STANDING BY~~AS SOON AS WE HIT 1275.75, 3458 CONTRACTS CAME IN AS PASSIVE BUYING, MAYBE CAN RETRACE UP TO THE 1280'S?, I WOULD CONSIDER A SHORT AS EARLY AS THE 78'S THOUGH, IF I SAW SOME SIGN OF DOWNWARD CONTINUATION. SO FAR AT THE LOW WE HAVE GREEN VOLUME DELTAS FORMING, AND HIGHER LOWS ON THE TICK. A Hit at the 2nd SD ATM would be a possible reentry if it reversed quickly. I AM TRADING 52 CONTRACTS ACCORDING TO MY MONEY MANAGEMENT PROTOCOLS, YES, HALF WAY TO MY GOAL! SHORT @ 1278.50 @ 2:48, MY STOP IS 1281.50. We just hit the 2nd SD ATM and closed at about 77. I am moving my stop down to 1280.50, because we have green volume coming in and the tick is making higher lows.My target is the 1267's. Update, we are testing the 1275's at 3:04, the 1267's are in the sights if we break this area. I am moving my stop down to break even at 1278.50.OUT @ 1275.50 @ 3:08 LOOKING TO REENTER GAIN 156 PTS, STANDING BY, THE TICK IS MAKING HIGHER HIGHS AT THE 1274 LOW, I DONT LIKE THAT, WE COULD BEEN DONE MOVING DOWN IF SOMETHING DOESNT CHANGE SOON. UPDATE @ 3:17 ~~WELL THIS HAS BEEN MY BEST DAY EVER, AND I FIT IN A TWO HOUR MASSAGE! I AM CALLING IT QUITS FOR THE DAY, IT WILL BE INTERESTING TO SEE OPEN INTEREST TODAY, AND IF THE 1274'S HOLD OVER THE LAST HOUR. IT HAS BEEN A LONG TIME SINCE WE HAD NO LOSERS DURING THE DAY! GOOD TRADING TO YOU
TOTAL GAIN FOR THE DAY 816 PTS
8/19
SHORT @ 1273.50 @ 9:45, MY STOP IS 1275, WE HAVE PASSIVE SELLING AT THE 1273.75-1274 AREA A FEW MINUTES AGO, ON THE RETEST LESS VOLUME, MORE NEGATIVE VOLUME DELTAS ARE BUILDING, MY TARGET IS 1267. UPDATE @ 9:49, WE ARE TRADING THE 68'S, THE 1262 AREA IS MAJOR SUPPORT, THAT LOOKS ATTAINABLE. Open interest increased on lower volume yesterday, so we had a bit of gas in the tank on the way down. I would expect a test of the 1262's, having said that there is a good block of volulme in the 1262-1267 area from the close of 8/7 to the open of 8/8. We just bounced off of the 1267's. Lower prices are attracting more volume, retesting the 67's OUT @ 1268 @ 9:54, Passive buying came in at 1267.50 on the retest,and the tick and XLF is reversing, looking for a reentry, gain 286 pts, standing by~~Short @ 1270 @ 10:01, my stop is 1272, the B period just opened, and we had a retest of the 1271 area, on less volume last time up, also the tick hit the 2nd SD ATM near 500 and reversed. out @ 1269 @ 10:07, there is passive buying in this consolidation in the 1269's over the last minutes, the tick is making higher highs also, gain 52 pts. We will wait an see if the 1262 is tested. Looks like a small range day possibly from the 1262-1283's? Long @ 1267.50 @ 10:13, my stop is 1266, a close stop, but just in case we test the 1262 area, passive buying is agian coming in, the XLF is not making a lower low and volume on the selling deltas is dropping off, my target is the A period high in the 1274's, Stopped out, the XLF is making lower lows, but the tick is making higher lows, and passive buying is still coming in int he 1266's, my stop may have been to close, loss 78 pts One more try, LONG @ 1267, my stop is 1265.50, my target is the same, the other end of the range. Stopped out right to the tick, loss 78 pts, LONG @ 1267 @ 10:30, my stop is 1265, this is rediculous. volume continues to drop off as price makes lower lows, and the XLF is finally reversing. My target is still the other end of the range. OUT @ 1269 @ 10:47, WE HAD A REVERSAL BAR IN THE PRICE AND THE TICK, ON THE TICK WE HAD A 600 HIT AND CLOSED AT -300, AND A DOUBLE TOP AT THE B PERIOD HIGH, LOOKING TO REENTER, GAIN 104 PTS. TRADING THE 1266'S AGIAN NOW. LONG @ 1266.25 @ 10:54, MY STOP IS 1265, THE XLF IS DIVERGING, MY TARGET IS THE 1271 AREA. WE ARE JUST NOT MOVING ANYWHERE, PASSIVE SELLING IS COMING IN AT TEHE 1267'S, OUT @ 1267@ 11:03, GAIN 39 PTS, I AM TAKING A BREAK. LONG @ 1266 @ 11:10, MY STOP IS RIGHT BELOW US AT 1265, we took the B and C period low out by just a tick, the tick is making higher highs, and the XLF is hanging my its low. Passive buying and passive selling is taking place at the lows over the last hour. Overall though, negative delta volume bars are decreasing over time, and overall volume is falling off. That should help us to work higher~~ I would like to target the 1271's but will take what ever looks good~~Stopped out loss 52 pts. 1262 is the low on 8/8, that or a couple of points below if they run the stops, might be the better place for a long. Long @ 1266 @ 11:26, my stop is 1264, I am trying again, the tick is making higher lows as price makes lower lows, and the XLF just made a nice doji in price. OUT @ 1266.75 @ 11:39, the tick dojied at the 2nd SD ATM, there is just no continuation today, gain 39 pts. Long @ 1265.50 @ 11:49, my stop is 1264, the tick is making higher highs, and the XLF is formed a doji at the low, volume deltas are not as red also, volume at the low is still light. There is quite a bit of pasive buying in the 1264-1365 area over the last hour, Stopped out loss 78 pts, Long @ 1264 @ 12:06, my stop is 1262.50, I would think that if they were going to run any stops, they would have done it by now, confusing, but the tick is making higher highs over the last hour during the consolodation, and that is good enough for a shot here at the low. My target is the 1268 area, if we do rally up to the 68's though, we may continue up to the 71's, will be watching~~ volume continues to decrease as we make new lows also. UPDATE @ 12:41, I am moving my stop up to 1265.50, UPDATE @ 12:48, I AM MOVING MY STOP UP TO 1266.50. UPDATE @ 12:54, I am moving my stop up to 1267.50. OUT @ 1268.25. THERE IS PASSIVE SELLING IN THE 68'S AND GREEN VOLUME DELTAS ARE DRYING UP. GAIN 221 PTS, STANDING BY FOR THE AFTERNOON SESSION, TAKING A BREAK. Long @ 1270 @ 1:49, my stop is 1268, my target is the A period high in the 1274 area. The tick is strong, the XLF is leading, and the XLE and XLB are selling off a bit. I would have like to get long in the 67's on a pull back, but it doesnt look like it wants to sell off much. Stopped out loss 104 pts, that was bad timing, i ignored one of my signals on the tick chart, damn, that cost me, Long @ 1267.50, my stop is 1265. This is where I wanted to be long from. Gees~~ OUT @ 1267 @ 2:22, I DONT LIKE THE XLF LOOKS WEAK AND THE TICK IS MAKING LOWER HIGHS, LOSS 26 PTS, I AM LOOKING AT THE 1264'S FOR A REENTRY. LONG @ 1265.50, MY STOP IS 1264. THE TICK IS LEVELING OFF AND THE TICK JUST HIT THE 2ND SD BTM FOR THE FIRST TIME SINCE THE MORNING SESSION, WITH HIGHER HIGHS IN PRICE. tHE SMALL VOLUME CLUSTER THAT I AM LOOKING AT IS FROM THE F PERIOD AND THE VOLUME CAME IN AT THE 63.75-64.75 LEVEL. The tick is making higher lows here at the low in the 1265's two sided trade is occuring here, that should be good for support being found. K period just opened up and we are 7 pts off of the I period high, that is a good rotation down for a small range day. damn stopped out loss 78 pts, LONG @ 1264.50 @ 2:42, my stop is 1262.50, passive buying came in at the 1264's. OUT @ 1266.75, @ 3:00, THE XLF AND THE TICK CANT GET OUT OF ITS OWN WAY, BOTH REVERSED AT THE SAME TIME. GAIN 117 PTS, STANDING BY, THE XLF IS DIVERGING FORM THE S&P HERE AT THE 63'S AGIAN, LONG @ 1263.75, @ 3:04, MY STOP IS 1262, MY STOP WAS AT 63, BUT THAT WAS TO CLOSE, NOW IT IS A POINT BELOW THE E AND F PERIOD LOWS. My target is the 1271 area, the other end of todays range, the 1267's is the POC that could be the target at a minum if the lows hold. Today would have been a really good day for my reversing, but I didnt work on that today, reversing is extremly difficult. UPDATE @ 3:24, WE ARE MOVING, TEH XLF IS LEADING THE WAY AS IS THE TICK, TRADING THE 69'S BRIEFLY, HOLDING FOR THE 71'S AT LEAST, WE COULD TEST THE A PERIOD HIGH IF WE GET SOME SHORT COVERING. MOVING MY STOP UP TO 1266 STOPPED OUT GAIN 117 PTS STANDING BY~~LONG @ 1266.50 @ 3:31, THE TICK IS STILL MAKING HIGHER HIGHS AND THE XLF LOOKS READY FOR THE NEXT LEG, MY STOP IS 1265, THAT WAS QUICK AND DISSAPOINTING, LOSS 78 PTS. LONG @ 1265 @ 3:37, MY STOP IS 1264, THE TICK IS MAKING HIGHER HIGHS AT THIS RETRACEMENT AND RED VOLUME DELTA BARS ARE GETTING SMALLER. MY TARGET IS THE POC AT 1267 OR HIGHER. STOPPED OUT LOSS 52 PTS, MY STOPS ARE JUST TO DAMN CLOSE, LONG @ 1264.50 @ 3:43 MY STOP IS 1263 PASSIVE BUYING CAME IN JUST AS I GOT STOPPED OUT, THE TICK IS MAKING HIGHER HIGHS THE WHOLE TIME WE WERE TESTING THE 645 AREA. I HOPE THE THIRD TIME IS A CHARM. MY TAGET IS THE 1267'S. AS I AM TYPING, WE JUST HIT THE 67'S QUICKLY, NOW TRADING THE 66'S, I MISSED MY EXIT, DAMN, STILL HOLDING, OUT @ 1267 @ 3:54, THAT IS IT FOR ME, GAIN 130 PTS. GOOD TRADING TO YOU.
TOTAL GAIN FOR THE DAY 481 PTS
8/20
SHORT @ 1270 @ 9:33, MY STOP IS 1272, WE OPENED AND STARTED TO SELL AT YESTERDAYS L PERIOD HIHG, MY TARGET IS THE L PERIOD LOW AT 1262. Yesterdays open interest increased my 44551 contracts. That is a large increase in open interest, I would expect a breach of support today at some point. UPDATE @ 9:47, THE XLF IS LEADING THE WAY DOWN, TRADING THE 62'S NOW, HOLDING FOR A BREACH OF THIS SUPPORT, AND MOVING MY STOP DOWN TO 1266. The next support volume cluster is from 8/5 in the 1258-1260 area. Volume is increasing on the sell off here. UPDATE @ 9:50, MOVING MY STOP DOWN TO 1264, OUT @ 1263 @ 9:51, THIS AREA IS THE 8/8 LOW. GAIN 364 PTS, WE ARE TRADING 56 CONTRACTS ACCORDING TO OUR MONEY MANAGEMENT PROTOCOLS. LOOKING FOR A REENTRY, AT THE 1263'S PASSIVE SELLING CAME IN, SHORT @ 1262 @ 9:54, MY STOP IS 1264 STOPPED OUT LOSS 112 PTS, RIGHT TO THE TICK, DAMN, SHORT @ 1263.25 @ 10:00, MY STOP IS 1265, A TEN MINUTE RETRACEMENT SEEMS ABOUT RIGHT. THE TICK HIT THE ZERO LINE AND IS HEADING DOWN AND THE TICK IS TOO. WE NEED TO GET PAST THAT 5000 SITTING PASSIVELY AT THE 1261'S TO HEAD DOWN TO THE 1258's FROM 8/5, we had high volume in the A period, and negative volume deltas are picking up here in the 1261's, passive buying agian came in at the 1261's at the same line, 1261.25 and 1261.50 & 75. OUT @ 1261, THE 1260 AREA COULD BE MINOR SUPPROT, PASSIVE BUYING CAME IN AT THE 1260.75 LINE, LOOKING TO REENTER HIGHER, GAIN 126 PTS. THE tick looks like it wants to test the 2nd SD ATM, that would be a good reentery short. the XLF is still making lower lows. Volume deltas are still negaitve but are decreasing in depth. This looks like a temporary support area @ 10:10 in the 61's. DAMN THAT WOULD HAVE BEEN A NICE REVERSE, WHAT THE HELL IS WRONG WITH ME, I TALK ABOUT TEH VOLUME CHANGING, I AM BASICALLY BEEN WORKING ON REVERSING, AND I WATCH THE MARKET RALLY? ANYONE GOT MEDICATION?! WELL MISSING THAT TRADE IS DISSAPPOINTING, THERE WERE CLEAR SIGNALS IN THE TICK AND THE XLF RIGHT BELOW SUPPORT AFTER A CONSOLIDATION LINE AT SUPPORT, THE LONG COULDNT HAVE BEEN ANY CLEARER. OH WELL, LOOKS LIKE A BALANCING TYPE OF DAY FOR A WHILE AT LEAST. LONG @ 1267 @ 10:21, MY STOP IS 1266, MY TARGET IS 1271, I SHOULD HAVE GOTTEN LONG IN THE MID 60'S, BUT i THINK WE CAN TAKE THE HIGHS OUT. OUT @ 1268.25, WE ARE STALLING HERE AND THERE IS PASSIVE SELLING IN THE 1269'S AND THE 1268'S FROM A MINUTE AGO, GAIN 70 PTS, I AM NOT STICKING AROUND LONG AT THE HIGHS HERE, I WILL WAIT FOR A CLEARER SIGNAL, PREFERABLY SHORT. SHORT @ 1267.50 @ 10:28, MYSTOP IS 1270, THE C PERIOD IS ABOUT TO OPEN IN THE MIDDLE OF B PERIOD, I AM EXPECTING A ROTATION BACK DOWN TO THE 1263'S THAT IS MY TARGET. STOPPED OUT, LOSS 140 PTS, THE XLF IS TRYING TO BREAK HIGHER, I AM LOOKING TO REENTER SHORT, SHORT @ 1269.50 @ 10:37, MY STOP IS A POINT ABOVE THE A PERIOD HIGH AT 1272.25, I WAS THINKING THAT THE C PERIOD MIGHT WANT TO PUSH THE HIGHS, MY STOP WAS IN THE WRONG LOCATION ON THAT ONE, IT SHOULD HAVE BEEN CLOSER OR FUTHER, AT LEAST I AM BACK SHORT. UPDATE @ 10:41, I am moving my stop down to 1271, stopped out loss 84 pts, a lot of rotation in the C period, damn. The tick is definatlye making higher highs now as it the XLF, damn,~~the close from monday looks like the target now, long @ 1272 @ 10:47, my stop is 1268,damn. I should have realized the market was to short at support in the 1260 area considering we had a lot of increase in open interest during yesterdays consolidation, all those folks selling near support, with now follow through, the B period rally was the confirmation of theat fact, my target is the close from 8/18 at the 1279-1282 area. UPDATE @ 11:02,I am moving my stop up to 1273, OUT @ 1274 @ 11:04, I WILL LOOK TO REENTER IN THE 1272'S, GAIN 112 PTS. STANDING BY, WE MIGHT TOUCH THE A PERIOD HIGH NEAR THE 1271 AREA~~LONG @ 1273.75 @ 11:09, MY STOP IS 1271.75, WE COULDNT EVEN TOUCH MY PREVIOUS STOP AT 1273, MY CURRENT STOP IS RIGHT ABOVE THE A PERIOD HIGH, AND RIGHT BELOW A SMALL BLOCK OF VOLUME IN THE C PERIOD ON THE VOLUME AT PRICE CHART. MY TARGET IS THE SAME, THE CLOSING RANGE FROM 8/18, OUT @ 1274.75 @ 11:14. A REVERSAL IN THE TICK MAKING LOWER HIGHS AT NEW HIGHS IN PRICE WHEN WE HIT THE 1276.75, WILL REENTER LOWER, GAIN 56 PTS, The tick has been making lower highs as price has been rising, the XLF is now flat also, STANDING BY~Long @ 1273.75 @ 11:23, my stop is 1271.75, the tick and the XLF look to be stalling on the down side, and the last volume delta was a small negative delta on the retracement, I was hoping to get to the 1271's near the A period high, but I dont think it wil get there. OUT @ 1273.50 @ 11:32, THE VOLUME IS DEAD AND THE TICK IS MAKING LOWER HIGHS, LOSS 14 PTS, TAKING A BREAK~SHORT @ 1274 @ 11:32, THE XLF JUST DOJI'D, MY STOP IS 1276, I SHOULD HAVE PUT THIS POSTIION ON AT 11:15, BUT BETTER LATE THAN NEVER, THE TICK WAS MAKING LOWER HIGHS AS WE PUSHED THE 76'S, MY TARGET IS THE 1271'S. OUT @ 1270.50, WE JUST TRADED BELOW THE A PERIOD HIGH, AND TESTING THE B PERIOD HIGH, THERE IS A BLOCK OF VOLUME IN THE C PERIOD RIGHT IN THE 1271 AREA. GAIN 196 PTS, TAKING A BREAK NOW! LONG @ 1270 @ 11:50, MY STOP IS 1268.50, MY TARGET IS THE 1273-74 AREA, THE TICK AND XLF DOJI'S AND THE VOLUME DELTAS ARE DECREASING IN THEIR SELLING PRESSURE. IF WE HIT MY STOP, I WOULD SAY WE ARE GOING TO TEST THE OTHER END OF THE RANGE AT THE LOWS. I WOULD SAY THOUGH AT THIS POINT THINGS STILL LOOK GOOD TO PRESS THE HIGH, THERE IS A LOT MORE BUYING THEN SELLING, A POSITIVE 20000 NET DELTA.OUT @ 1271 @ 12:03, PASSIVE SELLING IS COMING IN AT 1272 AND 1271.75. VOLUME IS DEAD, BE BACK LATER, GAIN 56 PTS LONG @ 1267.25 @ 12:18, THE TICK IS MAKING HIGHER LOWS, AND VOLUME DELTAS HAVE BEEN NEGATIVE ON THE WAY DOWN BUT ARE DRYING UP. THE C PERIOD LOW IS AT 1266.25, THIS SHOULD BE SUPPORT, MY STOP IS 1265.25 WE ARE NOT MOVING, OUT @ 1267.75 @ 12:39, TEHE 1268'S TO MUCH PASSEIVE SELLING CAME IN FOR ANY CONTINUATION ON THE UPSIDE.GAIN 28 PTS, I WILL CHECK BACK IN AFTER LUNCH. LONG @ 1265.75 @ 12:56, MY STOP IS 1264.50, WE COULD VERY WELL TEST THE 1263'S, BUT I AM WILLING TO TAKE A SHOT, WE HAVE HAD A 13 PT RETRACEMENT. tHERE IS A VOLUME BLOCK AT THE 1262-1263'S FROM THE A PERIOD THAT SENT US HGHER. MY TARGET IS THE 1274'S. UPDATE @ 1:12, I am moving my stop up to 1267.75, OUT @ 1268.50 @ 1:13, THE TICK IS REVERSING AS IS THE XLF, gain 154 pts, standing by to reenter long~~passive buying is coming in at the 1268's, damn, Long @ 1268.75 @ 1:16, my stop is 1267. The tick turned around and only got as low as -200 and the selling volume deltas are non exisistant until i just got long, LOL! The tick is comparitivly strong though. My target is the E period high in the 1273's-1274's. We are stalling in the tick, OUT @ 1268.75 @ 1:24, break even, the tick made a higher high and price got to the 69's and the XLF stalled. Looking for a lower entry, maybe a retest of the 65's? Damn, passive buying came in at the 1267's, LONG @ 1269, my stop is 1267, the XLF and the tick look like they are trying to break up, the I period opened up near the H period high. My target is the same as the last trade. UPDATE @ 1:54, we tested teh 1270's, if we can make a higher high in J period, considering we didnt trade to the bottom of todays range, I think some short covering could propel us to new highs, I am going to look close at the volume as we rally up toward the 1274's, if we break up from here. The next target past the D period high would be the 1279's-1282's, the closing range of 8/18. Stopped out loss 112 pts, damn. The 1265's wouldnt be a terrible reentry long if we can get down there. volume is picking up on the sell side though and the XLF is leading the way, standing by~LONG @ 1265.50 @ 2:14 MY STOP IS 1263.50 BELOW THE G PERIOD LOW. My target is the other end of the range near the 1273's The tick hit the 2nd SD BTM and we are at support from earlier in the day at G period, after a 5 point retracement from the 1270's. The next area of support is the 1262-63's from that block of volume in A period. Volume is increasing, i am in trouble on this one, trading 63.75~stopped out loss 112 pts. Oh well~Missed that one. We are right at support here in the 63's~Long @ 1264 @ 2:24, my stop is 1262. UPDATE @ 2:56, I AM MOVING MY STOP UP TO 1265. UPDATE @ 3:01, I AM MOVING MY STOP UP TO 1266. UPDATE @ 3:03, I AM MOVING MY STOP UP TO 1268, OUT @ 1270.75 @ 3:05, I AM TAKING MY POINTS, BROKE ALL MY RECORDS FOR AGGREGATE POINTS! YES!! GAIN 378 PTS. The XLF is stalling and the tick looks heavy at the 2nd SD ATM. Looking for a reentry lower. LONG @ 1269 @ 3:11, MY STOP IS 1268, tHIS IS THE LOW FOR THIS 5 MINUTE BAR AND THE CORRESPONDING TICK BAR. MY TARGET IS THE 1273-1275 AREA, WHEN WE GET UP THERE, VOLUME IS THE KEY IF WE ARE GOING TO BREAK THROUGH THAT CLUSTER UP IN THE D PERIOD HIGH AT TEH 1274'S, IF WE GET SHORT COVERING, THE VOLUME WILL BE LIGHT THROUGH THAT BLOCK, AND UP TO THE 1282'S WE GO, WE WILL SEE WHAT HAPPENS~~The 1272's or the F period high may be the point of no return, we breach that, and that volume cluster that I spoke about may in fact cover. Having said that, we do have a balancing type of day, and the POC is in the 1268's, we need continuing volume to push us away from that point. stopped out, loss 112 pts, standing by~LONG @ 1267 @ 3:22, we just hit tehe 2nd SD BTM and the tick is reversing, my stop is 1265. We just hit the F & H period lows also, a nice little pull back, now lets see if we can close near the high of L period over the next 7 minutes before the M period opens up, if so, we are on track to test the other end of the range, If not, we could test the low again, this next few minutes is important. One thing to note, the XLB and the XLE are selling off, that should be good for the XLF and the SPX. OUT @ 1268 @ 3:31, THE TICK DOJI'S AT TEH ZERO LINE, LOOKS LIKE WE WANT TO CLOSE AT THE POC, I AM DONE FOR THE DAY, GAIN 56 PTS, GOOD TRADING TO YOU. WOW, WE JUST HIT THE 2ND SD BTM @ 1266 AND PASSIVE BUYING CAME IN AND BOOM, WE RALLIED, LONG @ 1269 @ 3:39,MY STOP IS 1267, MY TARGET IS THE CLOSE. OR THE 1274 AREA. UPDATE @ 3:45, MOVING MY STOP UP TO 1271, OUT @ 1273 @ 3:51, GAIN 224 PTS. YESSSS!!!!! GOOD TRADING TO YOU. WE ARE STILL PRESSING UP, TRADING THE 74'S NOW!
TOTAL GAIN FOR THE DAY 1154 PTS
8/21
LONG @ 1263.50 @ 9:32,MY STOP IS 1262, This is just above yesterdays J period low. my stop is close, my target is yesterdays close at 1274, OUT @ 1365.25 @ 9:35, PASSIVE SELLING CAME IN AT 1265.75 BY ALMOST 4000 CONTRACTS, GAIN 98 PTS, I AM NOW TRADING 60 CONTRACTS ACCORDING TOMY MONEY MANAGEMENT PROTOCOLS. Damn, got out to early, trading the 67's, LONG AT 1266.25 @ 9:38 MY STOP IS 1264, My target is still yesterdays close at 1274 OUT @ 1267.25, THE VOLUME DELTAS ARE TURNING NEGATIVE AND THE PRICE IN THE xlf AND THE spx JUST DOJI'D, GAIN 67 PTS, Standing my for a clearer reentry~~Short @ 1267 @ 9:48, my target is the 1263 low, my stop is 1269, OUT @ 1267 @ 9:55 THE TICK AND THE XLF IS REVESING, BREAK EVEN, DAMN WE TOUCHED THE 65 AND THAT WAS IT, LONG @ 1269, MY STOP IS 1267, MY TARGET IS THE 1274 AREA, THAT WAS A QUICK REVESAL, I THINK WE CAN CLOSE THE GAP. There was no continuation on the tick following after our short entry at 1267, the next bar opened and the tick and the XLF reversed fast, right were the volume came in on the volume at price chart that sent us up to the 69's the first time. OUT @ 1270 @ 10:01, THERE IS PASSIVE SELLING IN THE 1270.75 LINES AND THE 1270.50 AREA. GAIN 60 PTS, A CHOPPY OPEN INDEED. And here we go agian, a higher high, damn, LONG @ 1272 @ 10:02, my stop is 1270, my target is 1274. I havent traded like this ever. I very rarely buy new highs, the XLF is leading the way and the tick is relativly strong.Stopped out loss 120 pts. Short @ 1269.50 @ 10:06, my stop is 1271, we have to continue down, so i am not risking much, we just touched the bottom of yesterdays closing range. my targert is the 1265 or lower, the price reversed as did the tick and the XLF. OUT @ 1268.25 @ 10:11 there is no continuation in todays action, volume dries up and we reverse, the XLF is in raly mode agian, as is the tick. gain 75 pts. I feel like a scalper this morning! Long @1268 @ 10:16, my stop is 1267. the price just doji'd and the negative selling volume deltas are decreasing, and on the retest of the 1267 area, less selling in the 10:15 column than the 10:14 column, UPDATE @ 10:23, we are trading the 73's, if we break above tehe 1275 area, we could test the 1291's, moving mystop up to 1270, THE XLF IS LEADING THE WAY. OUT @ 1271.50 @ 10:24, THE XLF JUST REVERSED AS IS THE TICK,GAIN 210 PTS, STANDING BY~Short @ 1271 @ 10:31, my stop is 1272, the XLF and the tick is making higher highs onless volume deltas and price in both doji'd, my target is the A period low in the 1263 area, a fast and choppy market for sure! OUT @ 1269 @ 10:38, passive buying came in in the 1268's, and we have volume cluster in the A period in the 66-68 area. GAIN 120 pts, standing by. Long @ 1266.25, my stop is 1265, the tick is making higher lows, OUT @ 1268 @ 11:01 Passive selling came in at teh 1268.50-75's, the tick hit the 2nd SD ATM also and the next bar retreated. Gain 105 pts, standing by, LONG @ 1267.50 @ 11:26, my stop is 1266, this entery is late, as i was away form the desk. The entry should have come at 1266.25, my target is the C period high at 1271 area, the tick is making higher lows, and the XLF is reversing, volume deltas are green also. OUT @ 1269.50. GAIN 120 PTS THE TICK IS MAKING LOWER HIGHS AND PRICE DOJI'S, GAIN 120 PTS, STANDING BY. WE ARE RIGHT NEAR THE D PERID HIGH ALSO, STANDING BY~~DAMN, I MISSED THE NEXT LEG UP TRADING THE 72'S OH WELL, THATS THE PRICE OF A BOWL OF BLUEBERRIES! SHORT @ 1272 @ 11:48, MY STOP IS 1274, THE TICK JUST HIT THE 2ND SD ATM AND VOLUME IS DECREASING AND THE TICK IS DIVERGING A BIT. MY TARGET IS THE C AND D PERIOD LOW IN THE MID 60'S. Update @ 11:58, I am not sure what to think about this consolidation at the high, passive buying is coming in at the 1271 and so is passive selling, volume deltas are neutral, now as I type we are starting to get some negative bias, the XLF has stalled, that is good, the tick is making lower high, but lower lows, standing by my stop at 1274~~STOPPED OUT LOSS 120 PTS, SHORT @ 1273.50 @ 12:04, MY STOP IS 1275, VOLUME AND THE TICK DONT SEEM TO SUPPORT THIS MOVE HIGHER SO I AM BACK IN. WE DID ALSO JUST FILL THE GAP. The XLF is diverging also, my target is the other end of the range in the 1264-65 area, 1275-1277 offers a bit of resistance. As a point of interest, open interest decreased by 37876 on lower volume, that would seem to say to me that we could trade in a range, with a bias to breaking upward, if we break above the 75-77's we could go for a bit. OUT @ 1272.50 @ 12:17 THERE IS PASSIVE BUYING IN THE 1272 LINE, I AM TAKING A BREAK, VOLUME IS DEAD, GAIN 60 PTS, BACK IN @ 12:21, SHORT @ 1272, THE TICK IS WEAKING MORE, AND PASSIVE SELLING CAME IN AT THE 1273 LINE, I WOULD LIKE TO BE SHORT AT THE HIGH, SO NOW I AM TAKING A BREAK, MY STOP IS 1275, MY TARGET IS THE C AND D PERIOD OW IN THE 1265'S. UPDATE @ 12:44, We are not going anywhere in a hurry, i still think the other end of value is a good target. The hell with this, I am taking my points OUT @ 1270.75 @ 12:49, gain 75 pts, i will look in after lunch. Short @ 1275 @ 1:16, my stop is 1276.75, which is yesterdays high, if they run the stops and we start to sell off from there, i will get back in. I dont want to be short if it wants to run above the 77 area. The tick and the XLF look a little overdone, buy my bias is changing to the long side, as we couldnt test the other end of the range, this trade is short term, if it works at all. My target is the 1270 area. OUT @ 1273.25 @ 1:35, gain 105 pts volme is decreasing and passive buying is coming in at the 1273's, the tick is making higher highs also, LONG @ 1273.50 @ 1:36,my stop is 1272, it looks like we want to close the gap up at 1282 from 8/18, the tick is making higher lows, and the XLF looks like it is reversing. OUT @ 1275 @ 1:44, PASSIVE SELLING CAME IN AT THE 1275-1276 LINE, AND THE XLF REVERSED. GAIN 90 PTS, STANDING By, lONG @ 1273 @ 2:04, MY STOP IS 1272, THE TICK IS MAKING HIGHER LOWS, AND THE SELLING VOLUME HAS DRIED UP IN THE 1272'S . UPDATE @ 2:12, WE ARE TRADING THE 75'S AGIAN, VOLUME IS COMING IN LOOKS LIKE WE MIGHT BREAK UP, BUT THE XLF IS LAGGING, THAT IS A CONCERN, OUT @ 1276.25 @ 2:15, TO MUCH PASSIVE SELLING AND WE ONLY WENT A TICK OR TWO ABOVE THE HIGH, I WILL LOOK FOR A REENTRY, GAIN 195 PTS, STANDING BY, I AM NOW TRADING 64 CONTRACTS ACCORDING TO MY MONEY MANAGEMENT PROTOCOLS. Short @ 1276 @ 2:18, my stop is 1277. The XLF is not leading the way, that is a major problem, and the tick is making lower highs, my target is the I and J period low in the 1271-1272 area. WE ARE PUSHING THE HIGH, BUT THE TICK IS NOT MAKING HIGHER HIGHS, AND THE XLF IS HESISTANT, WE ALMOST GOT STOPPED OUT, STANDING BY, STOPPED OUT, LOSS 64 PTS, LONG @ 1277.50 @ 2:32, MY STOP IS 1275, MY TARGET IS THE 1282'S, THE XLF IS MOVING NOW ALSO. UPDATE @ 2:48, MOVING MY STOP UP TO 1278.50 OUT @ 1279.75 @ 2:50, CONSIDERING MY POOR ENTRY, I AM TAKING MY POINTS, THE XLF HAS STALLED AS HAS THE TICK. WILL REENTER LOWER. GAIN 144 PTS, STANDING BY, SHORT @ 1280 @ 2:54, MY STOP IS 1281, THE TICK IS REVERSING, BUYING VOLUME IS DRIED UP AND THE XLF IS REVERSING, MY TARGET IS THE NEAR THE J PERIOD HIGH AT THE 1275'S. OUT @ 1279, THE TICK IS REVERSING,MAKING HIGHER LOWS, THERE IS PASSIVE BUYING IN THE 1278'S ALSO, GAIN 64 PTS, MAN, I WISH I WOULD HAVE REVERSED. HAVING SAID THAT THOUGH, NOW WE ARE BACK IN THE 79'S! SHORT @ 1280 AGIAN, @ 3:15, THE TICK IS WEAKING AND THE XLF IS NOT LEADING THE WAY, MY STOP IS 1282, OUT @ 1279, @ 3:37, I AM DONE FOR THE DAY, IT WOULD HAVE BEEN NICE TO GET OUT AT TEH 1277'S, BUY WHY COMPLAIN, GAIN 64 PTS, GOOD TRADING TO YOU
TOTAL GAIN FOR THE DAY 1348 PTS
8/22
LONG @ 1285 @ 9:33, MY STOP IS 1282, the open interest increased by 29244 contracts on moderate volume yesterday after the previous day lost equity interest in the consolodation. that gives me a long bias today considering that we opened above yesterdays close and above yesterdays value area. We might test the gap at 1275, but I think we have a good chance to close higher. THERE IS A BLOCK OF VOLUME FROM 8/18 IN THE 1286- 1287.50 AREA THAT COULD BE SOME RESISTANCE~~I AM WATCHING THE PASSIVE SELLING THAT IS SITTING IN TEH 1286-1286.50 AREA, AT 9:39, WE ARE BREAKING THOUGH IT AS I TYPE,TRADING THE 87'S NOW, LOOKS LIKE ALL IS CLEAR FOR A TEST OF THE 91'S. There is volume that we sold off from in the cluster from 8/18 from 1291-1296, that is my target. One thing that is a worry, is the XLF is not leading the way. The tick is stonger than weaker though and volume is green on the delta's. OUT @ 1288.50 @ 9:50. wE ARE GETTING PASSIVE SELLING IN THE 1289'S, I WILL LOOK TO REENTER LOWER UP TO THE TEST OF THE 1291-1296 AREA. GAIN 224 PTS. THE XLF IS MAKING HIGHER HIGES NOW, LONG @ 1289.25 @ 9:53 MY STOP IS 1287, AS SOON AS I GOT OUT THE XLF STARTED TO RALLY, VOLUME LOOKS GOOD AND THE TICK IS STRONG, IT DOESNT LOOK LIKE WE ARE GOING TO GET MUCH OF AN RETRACEMENT. STOPPED OUT LOSS 144 PTS, SHORT @ 1287.50 @ 10:03, IT LOOKS AS IF THE 1291 AREA IS TO MUCH RESISTANCE, WE COULDNT EVEN GET TO 1290 ON THE RETEST, MY STOP IS 1291, MY TARGET IS THE GAP AT 1274, REVERSE AT 1290 @ 10:15, THE XLF IS RALLING AS IS THE TICK, MY TARGET IS THE MID 90'S ,LOSS ON THE SHORT 160 PTS, NOW LONG AT 1290, MY STOP IS 1288, MY TARGET IS 1294, VOLUME IS COMING IN GREEN AND THE XLF IS MAKING NEW HIGHS, AS IS THE TICK. OUR DESTINATION TARGET IS THE 1300-1305 AREA. (THAT IS THE PLACE WHERE I THINK THE MARKET COULD TRADE TO ON THE UPSIDE NOW THAT WE ARE OVER THE 91'S). OUT @ 1292.50 @ 10:23, THERE IS TO MUCH PASSIVE SELLING INTHE 92'S AND THE XLF STALLED AS DID THE TICK, I WILL LOOK FOR A REENTRY LOWER. GAIN 160 PTS SHORT @ 1292 @ 10:26, MY STOP IS 1294, THE TICK IS WEAKING, AS IS THE XLF AND WE ARE IN THAT CLUSTER THAT SHOULD BE RESISTANCE, WITH A RETEST OF THE 92'S ON LESS VOLUME AND PASSIVE SELLING COMING IN. Stopped out to the tick, loss 128 pts, Short @ 1293 @ 10:39, my stop is 1295, the XLF is not leading the way, and the tick is hesitant at the 2nd SD ATM. UPDATE, WE ARE AT TEHE 2ND SD BTM RIGH NOW, THE XLF IS HESITATING BUT OUR VOLUME DELTAS ARE DECREASING IN POSITIVE BIAS, SO I WILL STICK WITH THE TRADE, D PERIOD LOOKS TO OPEN IN 4 MINUTES, IF WE OPEN AT THE C PERIOD LOW, WE WOULD HAVE A MINIMUM C PERIOD SELLING TAIL AT RESISTANCE WHICH COULD SEND US TO THE 1288'S AT LEAST, IF NOT THE A PERIOD LOW. IT LOOKS LIKE RESPONSIVE SELLERS ARE ACTIVE AT THE HIGH., NOW WE NEED TO INITIATE TRADE AT THE BID. UPDATE @ 11:00, THINGS ARE STATING TO BREAK, THE XLF, AND THE TICK ARE WEAKING, THERE IS NOT MUCH BUYING INTEREST ON THE TICK AT THE 2ND SD BTM. D PERIOD IS OPEN. UPDATE @ 11:10, I AM MOVING MY STOP DOWN TO 1291.50, UPDATE @ 11:12, THE TICK AND THE XLF ARE LOOKING WEAK, THE B PERIOD LOW IN THE 1286-87 AREA MAY BE SUPPORT. MOVING MY STOP DOWN TO 1290.50 STOPPED OUT GAIN 160 PTS, Short @ 1289.50 @ 11:23, looking for a retest of the B period low in the 1286 area or lower, the XLF is coninuting lower and the tick looks weak and the volume deltas are neutral, my stop is 1291.50. The XLF is diverging here in the 89's also. OUT @ 1287 @ 11:42, GAIN 160 PTS, STANDING BY, LONG @ 1287.50 @ 11:47, MY STOP IS 1286, MY TARGET IS THE D PERIOD HIGH AT 1291, THE TICK IS TURNING AND VOLUME DELTA ARE GREEN AGIAN, THE XLF DOJI'D, GOOD ENOUGH FOR ME. Stopped out loss 96 pts, i am taking a break. Good trading to you. LONG @ 1284.25 @ 12:33, MY STOP IS 1282 UNDER THE A PERIOD LOW, MY TARGET IS THE 1287-88 OR THE 1292 AREA, THE TICK IS MAKING HIGHER HIGHS, AND THE XLF IS ALSO. WE COULD VERY WELL EVEN ROTATE UP TO THE 1292'S, WE COULDNT TAKE OUT THE LOW OF THE DAY IN THE F PERIOD, THAT SETS US UP FOR A GOOD UPWARD ROTATION. UPDATE @ 1:00, I AM MOVING MY STOP UP TO BREAKEVEN + A TICK @ 1284.50 UPDATE @ 1:05, MOVING MY STOP UP TO 1287, OUT @ 1289 @ 1:09, THE TICK IS STALLING AND THE VOLUME IS ALSO. GAIN 304 PTS, I AM NOW TRADING 68 CONTRACTS ACCORDING TO MY MONEY MANAGEMENT PROTOCOLS, ON MY WAY TO MY GOAL OF 100 LOTS, YESSSS!!! Short @ 1290 @ 2:00, my stop is 1292, we hit the 91's a few minutes ago, but missed the entry, got a second chance, the tick made lower highs as price made new highs @ 1291.25, the XLF also doji'd at the high. The volume cluster above the D period high in the 1291's was to much resistance, alot of passive selling came in in the 1290-1291 area, my target is the 1284 area. OUT @ 1287.75 @ 2:16, gain 153 pts Long@ 1288 @ 2:16, my stop is 1286.25, my target is the C period high, we had a quick reversal in the tick and the XLF at no particular support area, that tells me we are going to press the highs. We did not make a lower low in J period, there is a good chance we are looking for a new high. We bounced right at the 50% retracement of the last leg up during the G and H periods. The tick is making higher lows since the hit at the 2nd SD BTM. UPDATE @ 2:32, I AM MOVING MY STOP UP TO BREAK EVEN + A TICK AT 1288.25, WE ARE HITTING A BIT OF RESISTANCE AT THE 1290'S BUT STILL THINK WERE GOING TO PRESS THE HIGHS. OUT @ 1291 @ 2:45, WE ARE STALLING AT THE TICK AND THE XLF, LOOKING FOR A LOWER REENTRY. GAIN 204 PTS SHORT @ 1291 @ 2:46, MY STOP IS 1293, MY TARGET IS 1288, THE TICK AND THE XLF BOTH DOJI'D AT THE HIGH, OUT @ 2:49 @ 1289, GAIN 136 PTS WE HIT THE 1288.50 LINE, THE J PERIOD LOW IS RIGHT BELOW US AT 1287, THAT SHOULD BE SUPPORT.LOOKING FOR A LONG, ~~LONG @ 1289 @ 2:55, MY STOP IS 1287, MY TARGET IS THE K PERIOD HIGH AT LEAST. THE TICK HIT THE 2ND SD BTM AND BOUNCED AND THE XLF DID TOO. UPDATE @ 3:34, WITH THIS SLOW MARKET, I AM MOVING MY STOP UP TO 1289.25. UPDATE @ 3:39, MOVING MY STOP UP TO 1290, OUT @ 1291.75 @ 3:43, THAT IS IT FOR ME TODAY, THE POC IS AT 1289, WE DIDNT CONTINUE THE MOMENTUM UPWARD. GAIN 187 PTS, GOOD TRADING TO YOU.
TOTAL GAIN FOR THE DAY 1160 PTS
8/25
SHORT @ 1282.25 @ 9:59, MY STOP IS 1284, Open interest declined by 14449 contracts on friday while make new highs on light volume. WOW THAT WAS QUICK STOPPED OUT, LOSS 119 PTS. SHORT @ 1283 @ 10:01 MY STOP IS 1285, DAMN THE EXISTING HOME SALES GOT ME ON THAT ONE. I THINK THE GAP PLAY IS THE RIGHT MOVE, MY TARGET IS THE 1274'S, BOY, IT LOOKS LIKE A HARD BORING DAY IS SHAPING UP. WE MIGHT HAVE A 10 PT RANGE KIND OF DAY, SAY FROM THE GAP @ 1274 TO THE CURRENT HIGH AT 1285? IF THAT IS THE CASE, THAT SUCKS! I AM IN A BAD MOOD THIS EARLY, THAT CANT BE GOOD, I MAY TAKE THE MORNING OFF IF THIS TRADE STOPS ME OUT.OUT @ 1280.75 @ 10:39, GAIN 153 PTS, THIS MARKET IS DEAD. AS SOON AS I GET OUT, LOOK AT THIS TRADING THE 77'S, ON THE WAY TO FILL THE GAP, GEES. LONG @ 1278 @ 11:05, MY STOP IS 1276, THEY COULDNT FILL THE GAP? MY TARGET IS THE 1283'S, THE TICK IS MAKING HIGHER HIGHS HERE AT THE LOW AND THE xlf IS RALLYING. STOPPED OUT LOSS 136 PTS, THE GAP IS FILLED, LONG @ 1276 @ 11:16 MY STOP IS 1275. REVERSING @ 1276 @ 11:53, WE ARE GOING TO TEST THE OTHER END OF 8/21'S VALUE AREA LOW IN THE MID 1265'S, THE XLF IS TURNING AS IS THE TICK, BREAK EVEN ON THE LONG, NOW SHORT @ 1276 MY STOP ON THE SHORT IS 1277, WOW THAT WAS QUICK, OUT @ 1270.50 @ 11:59 . GAIN 374 PTS. THAT WAS A FAST BREAK, THE 65'S ARE A TARGET, BUT I WOULD LIKE TO GET BACK IN HIGHER. SHORT @ 1269.75 @ 12:04, THERE IS PASSIVE SELLLING IN THE 69-70 AREA, MY STOP IS 1271, MY TARGET IS 1266, THE ONE CONCERN IS THE XLF IS HESITATING, AND THE VOLUME SELL DELTAS ARE DECREASING, WE NEED TO CONTINUE OUR I AM OUT SOON~~WE HAVE A TREND DAY, NOTE HOW THE FIRST 3 PERIODS WERE SMALL RANGE AND DEAD? A TELL TAIL SIGN OF A TREND DAY, I CANT BELIEVE I HAD THE 1283'S SHORT! OH WELL~~OUT @ 1268.75 @12:08, GAIN 68 PTS. STANDING BY FOR A RETRACEMENT~~WE ARE NOW TRADING 72 CONTRACTS ACCORDING TO MY MONEY MANAGEMENT PROTOCOLS ON MY WAY TO 100 LOTS! YESS!! SHORT @ 1269.75 @ 12:14, PASSIVE SELLING IS COMING IN IN THE 69'S-70'S,MY STOP IS 1271, MY TARGET IS THE 1266'S, THE 1263'S ARE ANOTHER GOOD TARGET. OUT @ 1267 @ 12:17, GAIN 198 PTS, STANDING BY~~LOOKING FOR A ROTATION BACK TO THE 1270 AREA FOR ANOTHER SHORT. UPDATE @ 12:29, NOT MUCH OF ROTATION UPWARD, TRADING THE 67'S ONLY~~SHORT @ 1267.25 @ 12:30, MY STOP IS 1270. OUT @ 1267 @ 12:58, THE MARKET IS CONSOLIDATING HERE I WILL LOOK FOR A BETTER ENTRY. GAIN 18 PTS, STANDING BY, SHORT @ 1269.50 @ 1:10, MY STOP IS 1271, THE XLF AND TICK IS TURNING, WE UST HAD A +400 HIT ON THE TICK THAT IS CLOSE TO THE HIGH FOR THE DAY.OUT @ 1268.25 @ 1:21, THE MARKET IS STALLING VOLUME IS TURNING GREEN, GAIN 90 PTS, STANDING BY FOR A HIGHER REENTRY~~SHORT @ 1270 @ 1:27, MY STOP IS 1272, AGAIN A +400 HIT ON THE TICK AND THE BAR IS REVERSING, THE XLF IS STILL CONSOLIDATING, MY TARGET IS THE 1263 AREA. Look at that, they took it up to the 6258 and 3280 contracts sitting on the ask from the 5 tick reversal chart in the 11:59 column @ 1271.25 & 1271.50,only 165 contracts in the 13:43 column on the 5tick reversal chart traded above those two price lines before they sell it off to the 69's. 1272 was a good stop, lets see if it holds, UPDATE @ 2:09, there is passive buying coming in at the 69's that I dont like, the tick just hit +600 and is about to close on the zero line, ENOUGH PASSIVE SELLING IS OCCURING IN THE 1270'S TO KEEP ME IN MY SHORT FOR NOW~~OUT @ 1268.50, @ 2:16, THE TICK REVERSES EVERY TIME WE PUSH DOWN AT -600, 3400 CAME IN ON THE 1268.25 LINE, LOOKING TO REENTER HIGHER GAIN 108 PTS, STANDING BY~~SHORT @ 1269 @ 2:33, MY STOP IS 1271.50, THE XLF IS BREAKING A LITTLE BIT~~STOPPED OUT, LOSS 180 PTS, SHORT @ 1271.50 @ 2:47, MY STOP IS 1273.50, I THINK WE COULD RALLY TO THE 75'S, BUT THIS IS WORTH A SHOT. I AM MOVING MY STOP DOWN TO 1272.50, OUT @ 1268.75 @ 2:57, GAIN 198 PTS, THAT QUICK MOVE TO US TO -900 ON THE TICK, GOTTA TAKE MY POINTS, MAY HAVE GOTTEN OUT EARLY, BUT WHAT THE HELL~~ STANDING BY~~SHORT @ 1268 @ 3:00, MY STOP IS 1270, I DONT LIKE THIS SHORT, BUT IF WE DO TRADE TO THE 63'S, I DONT WANT TO MISS IT EITHER, That was a pretty good K period retracement to the lows, looks like i am in trouble on this one though~UPDATE @ 3:20, I DONT LIKE THIS ACTION AT THE LOW, OUT @ 1268 @ 3:21 BREAK EVEN. SON OF A BITCH, SHORT @ 1267 @ 3:23, NOW THE XLF STARTS TO BREAK, MY STOP IS 1269, MY TARGET IS 1263, OUT @ 1265 @ 3:44, GAIN 144 PTS, THATS IT FOR ME TODAY, GOOD TRADING TO YOU.
TOTAL GAIN FOR THE DAY 916 PTS
8/26
SHORT @ 1266 @ 9:33, MY STOP IS 1269, MY TARGET IS 1264, out @ 1264.25, 1263-1260 IS SUPPORT, WE JUST HIT THE M PERIOD LOW FROM YESTERDAY, GAIN 126 PTS. At 10:00 am we have new home sales and later at 2pm FOMC minutes. Open interest increased yesterday by 23851 contracts on moderate volume. Yesterday looked like long liquidaton, but the increase in open interest tells me that lower prices did attract more selling interest, All eyes on the 1260 level. damn, i missed the buy at support, damn, now there was the perfect spot for a reverse. Short @ 1270.50 @ 10:08, my stop is 1272, my target is the A period low. The XLF and the price is stalling the tick made a lower high as price hit the 72 line. OUT @ 1269.50, GAIN 72 PTS, PASSIVE BUYING CAME IN AT THE 69'S, sHORT AGAIN @ 1270.50 @ 10:23, MY STOP IS 1272.STOPPED OUT LOSS 108 PTS. SHORT @ 1275 @ 10:40, MY STOP IS 1277, My target is the 1271 or 72's. Reversing at 1274, now long at 1274, with a 1272 stop and a 1278 target. gain on the short 72 pts. OUT @ 1273 not waiting for my stop, THE TICK AND THE xlf REVERSED WITH A DOJI IN THE TICK AND ONE IN THE TICK, loss 72 pts LONG @ 1272.50 @ 11:15, MY STOP IS 1271 MY TARGET IS 1275'S STOPPED OUT LOSS 90 PTS. LONG @ 1268 @ 11:40 MY STOP IS 1267, THE XLF IS REVERSING AND THE TICK LOOKS OVER DONE, AND WE ARE RIGHT AT A LOW VOLUME AREA IN THE A PERIOD THAT COULD OFFER SOME SUPPORT. WE ARE ALSO AT THE VALUE AREA LOW FOR THE DAY, WHICH MOVED UP JUST A BIT AGO. MY TARGET IS THE 1273'S, OUT @ 1269.75 @ 12:00 THE XLF IS TURNING AS IS THE TICK, GAIN 126 PTS, STANDING BY, LONG @ 1270.75 @ 12:21, MY STOP IS 1269, THE XLF IS RALLING AND THE TICK IS STRONG, LOOKING FOR THE 1273'S MY ORIGINAL TARGET ON THE LAST LONG. OUT @ 1271.50 @ 12:27 GAIN 54 PTS, STANDING BY, Long @ 1269.50 @ 12:41, my stop is 1268, my target is 1271.50. OUT @ 1271.25 @ 12:45, GAIN 126 PTS, STANDING BY, SHORT @ 1270.75 @ 12:49, MY TARGET IS 1269, MY STOP IS 1272.50, THE TICK HIT THE 2ND SD ATM, LOOKING FOR SCALPS IN THE F PERIOD RANGE FROM 72-69. OUT @ 1269.50 @ 12:52 GAIN 90 PTS. STANDING BY, I AM NOW TRADING 76 CONTRACTS ACCORDING TO MY MONEY MANAGEMENT PROTOCOLS. Long @ 1266 @ 2:07, my stop is 1264, the concern with this trade is the has been diverging, I am moving my stop up to 1266.25, my target is the 1272's. OUT @ 1267.25, NO CONTINUATION WER ARE STALLED. GAIN 95 PTS, LOOKING FOR A LOWER REENTRY OR SHORT BELOW SUPPORT. LONG @ 1265.50 @ 2:22, MY STOP IS 1264.50, THE TICK IS MAKING HIGHER HIGHS AND THE XLF STOPPED MAKING NEW LOWS.MY TARGET IS THE 1269 AREA. STOPPED OUT LOSS 76 PTS, LONG @ 1264.25 @ 2:27, MY STOP IS 1262. UPDATE @ 3:24, I AM MOVING MY STOP UP TO 1265.25, THE XLF IS BREAKING UP AS IS THE TICK, MY TARGET IS THE 1272 AREA. UPDATE @ 3:31, MOVING MY STOP UP TO 1266.25. UPDATE @ 3:36, MOVING MY STOP UP TO 1267.25, UPDATE @ 3:41, MOVING MY STOP UP TO 1268.25, OUT @ 1269 @ 3:44, THIS IS THE POC FOR TODAY, THATS IT FOR ME TODAY, GAIN 361 PTS GOOD TRADING TO YOU
TOTAL GAIN FOR THE DAY 776 PTS
8/27
THE OPEN INTEREST DECREASED BY 6776 CONTRACTS ON 2444920 CONTRACTS, MODERATE VOLUME, A RATHER NEUTRAL DAY, IT LOOKS LIKE WE ARE GOING TO OPEN JUST ABOVE YESTERDAY VALUE AREA HIGH, WE TOUCHED RESISTANCE BETWEEN THE 1275-1277'S DURING THE NEWS. I WOULDNT BE SURPRISED TO TRADE WITHIN YESTERDAYS RANGE FOR A BIT. SHORT @ 1271 @ 9:33 , MY STOP IS 1273 THAT WAS QUICK STOPPED OUT LOSS 152 PTS. SHORT @ 1274 @ 9:40, MY STOP IS 1276, MY TARGET IS 1267. UPDATE @ 9:52, MOVING MY STOP DOWN TO 1272, STOPPED OUT GAIN 152 PTS, SHORT @ 72.75 @ 10:03 , MY STOP IS 1275, MY TARGET IS STILL 1267, The tick is back and forth from +800 to -600, the XLF is following price closely. stopped out loss 171 pts, Short @ 1275 @ 10:20 , my stop is 1278, reverse @ 1276.50 @ 10:22, now long from 1276.50, with a 1274 stop, loss on the short 114 pts. MAN O MAN, THE XLF IS BREAKING UP AND VOLUME IS COMING IN GREEN ON THE DELTAS. MY TARGET IS THE 1283 AREA FROM 8/25, THERE IS A VOLUME CLUSTER FROM 81 TO 85. THE TICK IS STRONG, BUILDING ABOVE THE ZERO LINE. UPDATE @ 10:30, MOVING MY STOP UP TO 1275. UPDATE @ 10:34, MOVING MY STOP UP TO 1276, OUT @ 1278.50 @ 10:42, TAKING MY POINTS, WILL REENTER LOWER, GAIN 152 PTS. LONG @ 1276.50 @ 10: 58 ,MY STOP IS 1275, THE TICK IS REVERSING AS IS THE VOLUME DELTAS AND THE XLF. REVERSING @ 1276.25, NOW SHORT @ 1276.25, MY STOP IS 1278, THE XLF REVERSED AND I TOOK ANOTHER LOOK AT THE BIG BLOCK OF VOLUME UP IN THE 78'S IN THE C PERIOD HIGH, LOOKS LIKE A BALANCING DAY, LOSS ON THE LONG 19 PTS. MY TARGET IS THE A PERIOD LOW AT LEAST. REVERSING @ 1275.75 @ 10:12, NOW LONG FROM 1275.75, MY STOP IS 1274.75, GAIN ON THE SHORT 38 PTS, WE STILL HAVE THAT VOLUME UPABOVE TO DEAL WITH MY TARGET IS JUST A BIT UP AT 1278. OUT @ 1276.75 @ 11:23, WE ARE GETTING PASSIVE SELLILNG IN THE 77'S, BUT THE XLF IS STILL RISING, SO I AM TENATIVE, GAIN 76 PTS. SHORT @ 1276.50 @ 11:25,MY STOP IS 1278, TO MUCH PASSIVE SELLING IN THE 77'S, THE XLF IS TURINING. MY TARGET IS THE 1270 AREA. UPDATE @ 11:30, MOVING MY STOP DOWN TO 1276, UPDATE @ 11:36, I AM MOVING MY STOP DOWN TO 1275, OUT @ 1273.50 @ 11:38, WILL LOOK TO REENTER, GAIN 228 PTS, STANDING BY, THE XLF IS DIVERGING AND IS GETTING GREEN DELTAS FOR VOLUME IN THE XLF, THOUGH I MISSED THE PUSH UP FROM THE 73'S TO THE 75'S. BIG GREEN DELTA IN THE XLF ABOVE A MILLION IS USUALLY A COUNTER INDICATOR., SHORT @ 1276 @ 12:00, MY STOP IS 1278, WE ARE AT THE E PERIOD HIGH, THE TICK IS AT THE 2ND SD ATM.DAMN, STOPPED OUT, LOSS 152 PTS. SHORT @ 1279.50 @ 12:11, MY STOP IS 1281.50 STOPPED OUT LOSS 152 PTS, I IGNORED A SIGNAL IN THE 73'S FOR A LONG, THAT PISSES ME OFF, DAMN. SHORT @ 1281.50 @ 12:28, MY STOP IS 1284, THE TOP OF THE VOLUME CLUSTER FROM MONDAY. THE TICK IS REVRESING, BUT THE VOLUME DELTAS HAVE BEEN GREEN AND THAT IS A CONCERN. STOPPED OUT LOSS 190 PTS, SHORT @ 1284.50 @ 12:52, MY STOP IS 1286, UPDATE @ 1:08, MOVING MY STOP TO 1284, UPDATE @ 1:23, I AM MOVING MY STOP DOWN TO 1283, STOPPED OUT GAIN 114 PTS. SHORT @ 1283.25 @ 1:46 MY STOP IS 1285.50, THE XLF IS STILL DIVERGING COMPARED TO PRICE, AND VOLUME IS WEAK ON THIS RETEST. UPDATE @ 1:54, MOVING MY STOP DOWN TO 1284. UPDATE @ 2:04, MOVING MY STOP DOWN TO 1282, OUT @ 1280.75 @ 2:19, LOOK FOR A REENTRY, GAIN 190 PTS. SHORT @ 1282.50 @ 2:28, MY STOP IS 1284 REVERSE AT 83.25, NOW LONG AT 83.25, MY STOP IS 1281, LOSS ON THE SHORT 57 PTS. MOVING MY STOP UP TO 1282 @ 2:46 STOPPED OUT LOSS 95 PTS, SHORT @ 1282.25 @ 2:56, MY STOP IS 1284, OUT @ 1281.25 GAIN 76 PTS, PASSIVE BUYING CAME IN AT THE 1281 LINE, AND THE TICK IS MAKING HIGHER LOWS. SHORT @ 1282.75, MY STOP IS 1284, THE DOUBLE TOP OF G AND K PERIOD LOOKS STRONG, TEH TICK IS MAKING LOWER HIGHS ALSO, WE PROBABLY CLOSE IN THIS UPPER CLUSTER, SO SCALPS MAY BE IT FOR TODAY. UPDATE @ 3:17, MOVING MY STOP DOWN TO 1281 @ 3:18, MOVING IT DOWN TO 1280 @ 3:22 OUT @ 1278.50 @ 3:26 GAIN 285 PTS, STANDING BY, THATS IT FOR ME TODAY, GOOD TRADING TO YOU
TOTAL GAIN FOR THE DAY 209 PTS
8/27
SHORT @ 1295.50 @ 12:03, MY STOP IS 1297. OPEN INTEREST DECLINED BY 3376 CONTRACTS ON LIGHT VOLUME YESTERDAY, THAT IS 2 DAYS IN A ROW THE MARKET LOST EQUITY INTEREST ON THE RALLY ON DECREASING VOLUME. THUS FAR TODAY, THE TICK AND XLF ARE STRONG. THE SHORT AT THE HIGH MIGHT VERY WELL JUST BE A SCALP AS WE MIGHT PUSH UP TO THE 1301-1305'S. OUT @ 1295.50 @ 12:28 AND REVERSING, NOW LONG @ 1295.50 WITH A 1294.50 STOP. BREAKEVEN ON THE SHORT, PATHETIC STOPPED ON THE LONG LOSS 76 PTS, LONG @ 1294.00 @12:39, THE C PERIOD HIGH IS 1293.50, MY STOP IS 1292.50, OUT @ 1295 @ 12:57, GAIN 76 PTS, DEAD MARKET. SHORT @1296.50 @ 2:24, MY STOP IS 1298 STOPPED OUT LOSS114 PTS, SHORT @ 1297.50 @ 2:32, MY STOP IS 1299, reversing @ 1298.50 @ 2:55, loss on the short 76 pts, now long at 1298.50, my stop is 1296. THE XLF IS MAKING NEW HIGHS WITH A STONG TICK. MY TARGET IS THE 1302-1305 AREA REVERSING @ 1298, THIS IS RIDICULOUS, PASSIVE SELLING CAME IN AT THE 98'S AND THE TICK TURNED. LOSS ON THE LONG 38 PTS, NOW SHORT @ 1298 WITH A 1299.50 STOP. MY TARGET IS THE 1293'S THIS CHOP IS TERRIBLE, I HAVE ABOUT HAD IT, OUT @ 1297 @ 3:38 GAIN 76 PTS, BOUNCING AROUND ON LIGHT VOLUME. SHORT @ 1299 @ 3:41, MY STOP IS 1301 OUT @ 1298 @ 3:55 PASSIVE BUYING ON THE BID, GAIN 76 PTS, THAT IS ALL FOR ME, GOOD TRADING TO YOU, ONE MORE TRADE, SEE IF WE CAN GET ANOTHER POINT, SHORT @ 1299.50, MY STOP IS 1301 OUT @ 1298.50 @ 4:05 GAIN 76 PTS, SHORT @ 1299.25 @ 4:09, MY STOP IS 1301 MY TARGET IS THE CLOSE, OUT @ 1298 @ 4:12, GAIN 95 PTS, YES, THE SCALPING SAVED ME. A HARD DAY, GOOD TRADING TO YOU.
TOTAL GAIN FOR THE DAY 95 PTS
8/29
LONG @ 1293.50 @ 9:33, MY STOP IS 1292, THE OPEN INTEREST INCREASED BY 44850 ON MODEST VOLUME YESTEREDAY, MY TARGET IS YESTEREDAYS CLOSE @ 1298, STOPPED OUT LOSS 114 PTS, RIGHT TO THE TICK, DAMN, LONG @ 1293 @ 9:42,MY STOP IS 1292,MY TARGET IS 1298 PASSIVE BUYING CAME IN AT THE 92'S. UPDATE @ 9:44, MOVING MY STOP UP TO 1293, VOLUME IS COMING INAS WE MOVE TO YESTEREDAYS CLOSE. THE TICK IS REVERSING AND THE XLF IS LEADING THE WAY.MOVING MY STOP UP TO 1295 @ 9:48, OUT @ 1297 @ 9:51 GAIN 304 PTS, GOOD VOLUME UP, BUT PASSIVE SELLING IN TEH 97'S, LOOKING SEE FOR REENTRY, WE MIGHT BALANCE FOR A BIT, PASSIVE BUYING IS COMING IN AT 1296'S SHORT @ 1296.50 @9:55, MY STOP IS 1298, THE XLF AND THE ES DOJI'D, MY TARGET IS THE 1293'S OUT @ 1295 @ 9:58 GAIN 114 PTS, LONG @ 1295.50 @ 10:00, MY STOP IS 1293.50, MY TARGET IS 1297.50, THE XLF IS MAKING HIGHS THE ES IS DIVERGING. STOPPPED OUT AT 10:02 LOSS 152 PTS, STANDING BY, LONG @ 1293 @ 10:06, MY STOP IS 1291.25 REVERSING @ 1293 @ 10:23, MY STOP IS 1295, TO MUCH PASSIVE SELLING IN THE 1294-1293.75 LEVEL, BREAK EVEN ON THE LONG, MY TARGET IS THE 1288-89'S WHERE THE BLOCK OF VOLUME CAME IN YESTERDAY MORNING IN A-B PERIOD AND WAS SUPPORT. THE TICK IS LOOKING WEAK , THE XLF IS STILL DIVERGING THOUGH, OUT AND REVERSE AT 1291.50 @ 10:30, NOW LONG AT 1291.50 WITH A 1290 STOP, GAIN ON THE SHORT 114 PTS, THE XLF AND ES DOJI'D, MY TARGET IS THE B PERIOD HIGH NEAR 1296'S. STOPPED OUT LOSS 114 PTS, SHORT @ 1287.75 @ 10:44,MY STOP IS 1291, THE XLF IS BREAKING DOWN MY TARGET IS THE CLOSE FROM 8/27 @1282.50, DAMN I HAD THE 96'S SHORT, AND GOT CHASED OUT, WITH AN INCREASE OF 44850 IN OPEN INTEREST AT RESISTANCE UP NEAR 1300, THE PROBABILITY WAS TO HAVE A TREND DAY DOWN, MISSED IT, DAMN. WE HAD A 10 PT LEG SO FAR, I THINK WE COULD TRADE ANOTHER 10 PT LEG TO 77'S. THERE IS A VOLUME CLUSTER IN THE 77'S DURING M PERIOD ON 8/27 THAT SENT US HIGHER OVER THE LAST COUPLE OF DAY. UPDATE @ 11:36,MOVING MY STOP DOWN TO 1290, REVESING @ 1287.50 @ 11:40, PASSIVE BUYING COMING IN AT THE 87'S AND THE TICK IS NOT MAKING LOWER LOWS AT THE LOWS IN PRICE, MY STOP IS 1286 GAIN ON THE SHORT 19 PTS, MY TARGET IS THE C PERIOD HIGH NEAR 1292-93, OUT @ 1289, GAIN ON THE LONG 114 PTS, PASSIVE SELLING IS COMING IN IN THE 89S, AND THE XLF STALLED, THIS IS RIDICULOUS. SHORT @ 1287 @ 12:04, MY STOP IS 1290, MY TARGET IS THE 1282'S, OR POSSIBLY THE 1277'S, OUT @ 1285, PASSIVE BUYING IS COMING IN AT 8/27'S VALUE AREA HIGH IN THE 84'S, WILL REENTER HIGHER, GAIN 152 PTS, STANDING BY, SHORT @ 1286 @ 12:36, MY STOP IS 1288, THE XLF IS NOT FOLLOWING THE ES, THAT IS CONCERNING, BUT THE TICK HAS BEEN WEAK ALL DAY. OUT @ 1285.50 AND REVERSE, NOW LONG @ 1285.50, MY STOP IS 1284.50, THE TICK HAS BEEN MAKING HIGHER LOWS, AND THE XLF IS DIVERGED ALL DAY, ON THE RETEST ON THE 5TICK REVESAL CHART OF THE 84'S THERE WAS NO VOLUME, MY TARGET IS THE D-E PERIOD HIGH IN THE 89-90 AREA, GAIN ON THE SHORT 36 PTS, UPDATE @ 1:02, MOVING MY STOP UP TO 1286, WE ARE NOW TRADING 80 CONTRACTS ACCORDING TO OUR MONEY MANAGEMENT PROTOCOLS. UPDATE @ 1:15, MOVING MY STOP UP TO 1287, THE XLF CONTINUES TO MAKE HIGHER HIGHS AND THE TICK IS MAKING HIGHER HIGHS, IF WE BREAK ABOVE 1290, TEH MARKET COULD TEST THE HIGHS WITH ANY SHORT COVERING. MOVING MY STOP UP TO 1288 @ 1:24, MOVING MY STOP UP TO 1289 @ 1:32, STOPPED OUT GAIN 280 PTS, STANDING BY, LONG @ 1288.25 @ 1:43, MY STOP IS 1286, MOVING MY STOP UP TO 1287.50 @ 2:22 OUT @ 1290 @ 2:24, PASSIVE SELLING IN THE 1290'S IS CAPPING THE MARKET, THE XLF IS STILL STONG THOUGH, WILL REENTER LOWER IF ALL IS WELL, GAIN 140 PTS, LONG @ 1289.50 @ 2:27, PASSIVE BUYING CAME IN AT 1289 AND THE XLF IS RALLYING, MY STOP IS 1287.50. THE TICK BOUNCED OFF OF THE 2ND SD BTM ALSO. MY TARGET IS THE 1293-1297'S, OUT @ 1290 @ 2:40, PASSIVE SELLING IS COMING IN AGAIN IN THE 1291'S GAIN 40 PTS, STANDING BY, LONG @ 1289.50 @ 2:43, ONE MORE SHOT AT THE LONG, 1289 HAD PASSIVE BUYING COMING IN A FEW MINUTES AGO, THE XLF HAD ABOUT 10 MINUTES OF RETRACEMENT, MY STOP IS THE SAME AS LAST TIME @ 1287.50, STOPPED OUT LOSS 160 PTS, LONG @ 1288 @ 3:09, MY STOP IS 1285.50, THE XLF IS TURNING AND THERE IS A BLOCK OF VOLUME IN THE 85'S JUST BELOW US THAT SHOULD BE SUPPORT. REVERSING @ 1287,LOSS ON THE LONG 80 PTS, NOW SHORT @ 1287, MY STOP ON THE SHORT IS 1289, THE XLF IS NOW SELLING OF, AND THE ES IS FOLLOWING IT TO THE DOWN SIDE BUT NOT TO THE UPSIDE, THAT IS SO VEXING. VOLUME DELTAS ARE COMING IN RED, IF WE BREAK THE 85'S WE COULD GET TO THE 82'S OUT @ 1285.50 AND REVERSE INTO THE CLOSE, MY STOP IS 1284, MY TARGET IS THE 1290 LINE, PASSIVE BUYING CAME IN AT THE LOW IN TEH 1285'S AND TEH TICK IS MAKING HIGHER LOWS AS WE RETEST THE LOWS. GAIN ON THE SHORT 120 PTS, OUT @ 1286 @ 3:50 GAIN 40 PTS.. WE ARE NOT MOVING WITH ANY CONVICTION. SHORT @ 1284.75 @ 3:52, MY STOP IS 1286,MY TARGET IS 1282 THE CLOSE FROM 8/27, OUT @ 1283.75, GAIN 80 PTS, THAT IS IT FOR ME TODAY, WE CLOSED THE GAP FROM 8/27. GOOD TRADING TO YOU.
TOTAL GAIN FOR THE DAY 933 PTS
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