8/27/2009 1115 am update

• NQU09 breaking below the bottom of the recent 4 day base...
• in hindsight, my 1644.00 entry is not looking so good...perhaps i should have worked my price down a bit, but my bias was still to favor the long side...
• the limit 1617.50 order was filled, current avg entry price of 1630.75...
• the 1617.50 entry level was determined by: 1) just above the 1615.00 pivot of 8/20/2009; 2) just above the rising 200 ma on the 15M chart; and 3) right at today's upper buy band (green line) on the ATR Volatiliy Band chart...
• ATR Volatility has picked up a bit from the past few days...
• looking to sell one lot at limit 1626.50 for this day session, and to sell the second lot at 1646.50 for this day session...
• if these orders do not fill, i will hold this position overnight...
• i would love to plot the ATR Volatility Band indicator (second chart) on the my main 15M chart (first chart), but there would be too many lines and thus make the 15M chart too hard to read...

Disclosure: Long NQU09.

***remember this is an illustration of what i am trading and my thinking...my trading plan may change without notice...this is not a recommendation for you or anyone else, to buy or sell this or any other security...***