John's Intraday Market Analysis

[john99]

short breaking pts ER2 738.4
YM 11790.
SMH at top of trendline,,,it better go down or I'm gonna worry about this trade.

 

[john99]

here we go,,looking to tighten stops soon.

 

[john99]

stops tightened

 

[john99]

stops lowered, SMH starting to rollover. A sell stop at my key point from earlier may be a good idea for an add to this position.

 

[john99]

er2 stop 738.1, ym 11787. TICKs just hit a low, that's why I'm tightening stops.

 

[john99]

stopped out. Also, SMH didn't follow through to the down side.

 

[john99]

So far, today looks like a good range day to trade off tick extremes.

STOP GUNNERS,,,ARGGGHHHH!!!

I say they do EXIST!!!

 

[john99]

Well, here's the DAX for the Day, started up, and sold off. Will we see a similiar pattern in the US markets??

<a href='http://www.advfn.com' title='Free stock charts & share prices from ADVFN.COM'><img border='0' src='http://www.advfn.com/p.php?pid=chartscreenshot&u=UyPP7owy9YZrpbUjLhEz87YUmOlcMBp7'><br><i>free</i> stock charts from ADVFN.COM</a><br>

 

[john99]

I think I'm done for the day so here's my market summary:

Today was typical choppy friday during the time I traded, staying in a 30pt range on YM.

Things learned: increase size on scalps during range bound days.

P/L= $100

 

[BoyBrutus]

Quote from john99:

I think I'm done for the day so here's my market summary:

Today was typical choppy friday during the time I traded, staying in a 30pt range on YM.

Things learned: increase size on scalps during range bound days.

P/L= $100

JOHN WAKE UP!

Good work dude. Esignal was having problems this morning . If everyone has gone home and to sleep we may drift up in the afternoon. Till 15:30, being end of month. Just a thought.