Tuesday, September 21, 2010

Monday, September 20, 2010

Friday, September 17, 2010

What team were you supporting?

Let's be honest: ev1 and their grannies was bullish last several days and particularly today while ES was trading around 1030. All of those who were seeing a bearish scenario these last days (like myself)  were called fools, to say the least....
Just dont look at US markets now. Look at what was ALREADY happening 2 hours before the US opening, some were celebrating a breakout (prior to the green tinted price action).

Tell me what is the character of the yellow area and the green area? any differences....?



Position stopped out- Bearish scenario stands until proven wrong ( not yet)

My level and conditions to reverse scenario are clear and predefined but not met already.

I may trade today after OPEX

Tuesday, September 14, 2010

SL around ES 1126

shorted ESZ0 1120.75 ST

Bearish scenarios stands

They did more than running stops overnight: a daily close to convince bulls.
They went farther than I expected but haven't convinced me yet. So I am still leaning to the short side, expecting now some "fun" on Tue and Wed ( and beyond)  :)

Friday, September 10, 2010

They will likely run bear stops on Friday close or Monday morning. Be prepared

GL

Update:

 I had shorted ESZ0 1105.5 on Thursday  and got stopped out in AH  after taking partial profits around ES 1097 but all the price action I am seeing really looks fake-bullish, will see how much they can  push it up before the "real-deal" :)

Wednesday, September 08, 2010

BTW, after playing long from ES 1040 to ES 1090 , I am short around SPX 1099

update _ 09-09 - 9:30 AM EST:
I was stopped AH during UE data spike and reshorted at the opening around SPX 1110

update 09-09 -11:00 AM EST -
 Covered 25% aorund SPX 1106 to reduce risk, letting the rest run.

update 09-09 2:oo PM EST
Conservative traders should cover more shorts around SPX 1102

updated 09-10 10:43 AM EST
I am keeping remaining position with a stop around SPX 1114

Whose the best??



Take it easy fresh champions, there are a lot of stars in the sky. You have achieved  one now, congrats. But don't forget there are constellations out there.

Argentina is the only place where futbol stadiums do not resound but BEAT and that is for a reason.