Tuesday, September 29, 2009

9/29/2009 945 am update


  • just before the market opened, i changed a NQZ09 order from limit 1726.50 to market, and was filled at 1723.00...
  • +8.92 NQ points/contract, 1 contract traded...
  • i am well positioned for the current rally, and am just looking to book some gains, reduce some of my exposure and free up some capital...
  • i will be looking to buy some more NQ at a lower price or after a certain period of time has gone by...what that lower price is or how long of a period of time, has yet to be determined...
  • quantifiable edges put out another study, this time regarding low volume during SPX rallies, and concluded that there is a slight bearish edge to this behavior...check the link for the details....i will do some further modeling on this concept...
Disclosure: Long NQZ09, Long ESZ09.

***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...trade at your own risk***

2 comments:

  1. How's trading going my friend? Looks like you are on the ball...plan the trade & trade the plan. How's the program with VCM going for u. I'll be in Vegas and I have a meeting with them for a part-time instructor role. As you probably know they have been making some changes at VCM and I was just curious if they have been for the better or for worse.

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  2. hi kleenup2...overall trading is going well...vcm wise, i have been able to apply some of their analytics to my discretionary swing trading, and the results have been very good...i have been having a harder time applying them to discretionary daytrading though...i also have not been as committed to daytrading as i have been to swing trading...i believe my slow progrssion through their program is entirely on me...in any case, i am very happy with the initial and the ongoing training at vcm...i will be trading with oliver today and tomorrow! the current changes at vcm are marketing based, the core program has not changed at all...good luck with your interview...

    adam

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