Did you see the spike up on the 0920 bar? They're playing the stops. Personally, I'm looking to get out soon. It is more of a game today, and off the floor you must remember one thing. On a game day, you are the mouse! Sorry, just a little humour.
0928 CST We need to see a decisive break below 105 18. So far no go. Just a kiss at 105 18. By the way, looking for 105 12 as a target in the ZB's.
OK, wrong on the new low prediction. Interesting how the 0956 timestamps were brought down to 105 19. I watched until 0957 hit, and we went up to 105 20 instead of lower. I'm still holding the shorts.
Gee whiz, does 0959 count for the new low prediction? Just hit 105 17!!!! Decision time is approaching. Will the move have the strength to go lower? Watch carefully. 105 12 is the initial target.
Still short and holding overnight. I think 105 12 is a possibility, although I'll exit at 105 16 or better if price activity doesn't indicate a move lower. My target on my short is 105 12 followed by 105 09. I anticpate tomorrow will be a repeat of today's activity, with a drift lower, but probably not much follow through. So, officially, my 10 for 10 consecutive profitable days in a row are over. Suffered a loss that is less than my average daily win. By the way, I had a buy in to exit all at 105 13, but we never were lower than 105 15.
Absolutely not. I think I may have used a market order once in the last year of trading. I always want to get my price.
Tuesday 27 June 2006 Today we have Redbook at 0755 CST, Consumer Confidence at 0900 CST, and Existing Home Sales at 0900 CST. Price projection numbers remain the same as yesterday's: 106 15 106 03 105 24 105 12 105 03 No bias at the moment. I believe we'll have a range trade day again. Problem I have now is that I'm holding a trade from yesterday that appears to be a definite loser. Following my daytrading stop from yesterday, I would have stopped out at 105 25. Holding it overnight, you have to be careful with stops. Bottom line, I'm still short. I'll report my end result here.