Wednesday, September 23, 2009

9/23/2009 1045 am update: NQ




  • got filled on the NQZ09 at 1731.50...
  • offering this contract out at 1743.50...this is just below the red sell band on the ATR Volatility Band chart...it is also ABOVE the 1640ish resistance level...
  • so why am i trying to sell above resistance instead of just under it? since today is FOMC day, i am open to the possibility of increased volatility after the 215pm FOMC release and want to be offering above resistance into this potential volatility...
  • if the NQ drops to the low 1720's prior to testing the high 1730's then i may change the offering price...

Disclosure: Long NQZ09.

***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...***

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