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if we finish the day above 1412, it will be a triple bottom and a good bet buy.

Agreed. +1

Added back at 1406

Finally some serious strength in the market. I will move ahead with the assumption that low is in. Reduced half @ 1407.25 Will be looking to buy the half again at 1405.25

I say 1460, and my rationale is we have an election.

my judgement could be clouded because I am sitting on a losing long position. However, for long to be valid, it shouldn't have broken the swing low that it established yesterday and day before. Since, it has broken that swing low, and is still going down, I am not sure long is the right...

ammo, how is uvol dvol looking

seems we will break this at some time today. Looking to get out of my longs and switch to shorts

was that the low?

1404 is an excellent buy area. We will definitely get above 1410 today. No more buying margin unfortunately.

Seems like big move on tape - added at 1413, hopefully I didn't get spooked. Aver price = 1411.75 EDIT: Added more at 1413, 1409.5. Now at full position. Av price = 1411.6.

Starting to build another long position. Entered at 1411.75, 1410.75 and 1410.25 for average of 1411.25. Will add more if we get below 1410. Target 1418+

Stopped half yesterday at 1404 for a 5 point loss. Booked profit on other half at 1414 today. So, kind of breakeven on this trade.

fxintruder, just saw this journal. Have read through first few pages, happy to see a quality journal. Commendable effort - and I like your thoughts and style. Its clear that you have been trained in a bank. I am bookmarking your thread for continued reading. Seems like you are moving some...

so what does this mean a 7 billion dollar fine on Kerviel. Does it mean that every dollar he earns going forward goes towards paying the fine? Or, can he declare a personal bankruptcy and start his life afresh after serving 3 yrs in prison.

What I find truly funny is that Rajat Gupta didn't profit a dime from passing on the tips. Why he did it? He should have kept his mouth shut. Even junior level people know what information is sensitive and what is not and what should be kept private and what information can be shared. I don't...

Alright, please do not discuss. But I hope you understand the foolishness of what you want. You are looking for a backer to back you with 160$ so that you can attempt a challenge which has a failure rate of 95%. Go work somewhere for 5 days, you will earn and save 160$, use it to fund your...

out half position at 1410.25. Keeping the other half with stop around 1398 EDIT: Nothing new and muted market impact. Reinstated the long position. Re-entered at 1409.

from being a broker for 7 yrs, how did you reach a position where you can't afford 160$ or so combine fees? Did you lose your job post credit crisis? You are on ET which means you have access to internet and probably a computer. But you can't put together 160$ or so for doing a combine!!!

Thanks, that was useful. I like the site.