Monday, October 26, 2009

10/26/2009 10:10 am update: NQ


  • wow, lots of strength this am...
  • i was long 2 contracts coming into this morning's trading, and was bullish...
  • some of my morning reading was slightly bearish on the current technical setup, and that influenced my thinking to such a degree that i lowered my offers...
  • i had a fun and active weekend with my family, and am a bit tired this am...i wonder if this also influenced my decision making process to lower the offers so i did not have to deal with the uncertainty of an open position...
  • exited 2 contracts at an avg 1767.13...
  • this trade: +2.75 NQ points/contract, 2 contracts closed...
  • i definetly did not capitalize as much as i should have on this swing...
  • looking for a pullback from this triple top high of the past few days....
  • bidding 1761.50 and 1741.50...
  • no offers...
  • during this 1%+ rally in the NQ and ES, softee and SMH showing lots of strength while XLF flat...
  • i am step away from the screens for a bit...
***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...trade at your own risk ***

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