8/24/2006 0918
My, my, my... the BoBs looked pretty good last night.
Price hit 129400 (BI or S1) around 0330 and bounced hard - paused to run sideways at 129750 (PP) - then on up all the way to 129900. Then the Bond Openers ran it on up near 130100 (AI or R1) at 0830 - then it bounced back down to 129700 (PP) and bounced up again, not quite to 130000.
Little bit of real work to do, then onward...
O-Tay! I just got done tending the wheatgrass, kissing my favorite wife off to her work, and zipping through the crossword, jumble, and crypto-quip, to get what's left of my mind percolating, and I'm ready to do some tradin'!
Right this very instant (0932) ES is trading right on the PP at 129750. It's done the expected thing since 0330, which is that it went down to the Support, bounced off, back to the PP, stayed there a while, then up to the Resistance, bounced off, and now back to the PP and running a bit sideways.
ENTRY: +129650 / -129800
The only thing that matters, as I see it, is what's going on with the price in the context of the amount of time you want to be "in" a trade. My desire is to trade a few times a day - maybe three to five. I also have been avoiding the period before about 0930 and from 1100 to 1300... so that leaves 0930 - 1100, an hour and a half, and 1300-1515, two hours amd change. So, all things taken together, my trade time needs to be under an hour if I'm to get three trades made. I don't want to insist on three or more trades (and yesterday's next-to-last trade was a stinker), so I'm willing to go longer as long as it's profitable and improving.
Just looked back, and N-T took me into a trade a couple of minutes ago:
0937 +129650
ST 129950 -300
BE 129550 / 129625 +025
T1 129350 / 129550 +100 Follow 200
T2 129150 / 129450 +300 Follow 100
T3 128650 / 128700 +950 Follow 050
I'm not real thrilled about this one - volume is decreasing, which points to a potential change, so I won't be too surprised to see a BE here, and I may dump it before the stop... let's see.
0950
Well, dammit... same thing that happened yesterday on the stinker - it went 075 the right way, and missed the BE trigger by one tick... at least it hasn't gone too far wrong, so we watch.
My, my, my... the BoBs looked pretty good last night.
Price hit 129400 (BI or S1) around 0330 and bounced hard - paused to run sideways at 129750 (PP) - then on up all the way to 129900. Then the Bond Openers ran it on up near 130100 (AI or R1) at 0830 - then it bounced back down to 129700 (PP) and bounced up again, not quite to 130000.
Little bit of real work to do, then onward...
O-Tay! I just got done tending the wheatgrass, kissing my favorite wife off to her work, and zipping through the crossword, jumble, and crypto-quip, to get what's left of my mind percolating, and I'm ready to do some tradin'!
Right this very instant (0932) ES is trading right on the PP at 129750. It's done the expected thing since 0330, which is that it went down to the Support, bounced off, back to the PP, stayed there a while, then up to the Resistance, bounced off, and now back to the PP and running a bit sideways.
ENTRY: +129650 / -129800
The only thing that matters, as I see it, is what's going on with the price in the context of the amount of time you want to be "in" a trade. My desire is to trade a few times a day - maybe three to five. I also have been avoiding the period before about 0930 and from 1100 to 1300... so that leaves 0930 - 1100, an hour and a half, and 1300-1515, two hours amd change. So, all things taken together, my trade time needs to be under an hour if I'm to get three trades made. I don't want to insist on three or more trades (and yesterday's next-to-last trade was a stinker), so I'm willing to go longer as long as it's profitable and improving.
Just looked back, and N-T took me into a trade a couple of minutes ago:
0937 +129650
ST 129950 -300
BE 129550 / 129625 +025
T1 129350 / 129550 +100 Follow 200
T2 129150 / 129450 +300 Follow 100
T3 128650 / 128700 +950 Follow 050
I'm not real thrilled about this one - volume is decreasing, which points to a potential change, so I won't be too surprised to see a BE here, and I may dump it before the stop... let's see.
0950
Well, dammit... same thing that happened yesterday on the stinker - it went 075 the right way, and missed the BE trigger by one tick... at least it hasn't gone too far wrong, so we watch.