Tuesday, July 28, 2009

7/28/2009 morning update


  • re-entered the NQ swing trade (at 1592.50) on monday morning just above the bottom of the friday afternoon's base...i thought the odds were good that we would continue to power on up, but just after my entry the NQ sold off to 1578.50...
  • i have an order in to buy another lot at 1576.50 and at 1552.50...current target is 1625.00, and my exit order is sitting there...
  • started late today, so i didn't trade any opening gaps in my vcm account today...yesterday, i played PXP and MYL to the short side from their opening gaps...made a tiny bit on both...the main vcm chat room moderator/trader/teacher also played MYL to the short side, and after MYL exhausted itself on the downside, he then traded it to the long side...he booked more than 10 R's on the trade...i was pretty amazed at how he handled the trade, and he talked us through it live...
  • no systemic swing trades were generated for yesterday's close...its been 5 days since the last trade there...i imagine a new entry signal should be coming any day now...
  • ran into some coding/EasyLanguage issues yesterday when i was working on the ES intraday systemic model...i thought of a work around for it last night, and will write up that code and test it this am....
  • FAS tacked on a few percent yesterday...

Disclosure: Long NQU09, Long FAS.

***remember this is an illustration of what i am trading and my thinking...it is not a recommendation for you or anyone else to buy or sell this or any other security***

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