Archive for October, 2007
The S&P emini sold off big time today! Funnily enough the EOD system which I am testing had a short from Friday and was targetting 1546.. I thought this was miles away but spookily enough, it did sell heavily and made target! I sold out half way though.. I should have followed the system.. but a profit is a profit!
Anyway, when I got home today, the market had already sold off a bit too much already. However, in the 5 min charts, I saw that the market retraced to the 5 day MA and I though
October 15, 2007
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The S&P EOD system is printing a sell to a limit of 1546.9 which is quite far away from it's current level of 1564.
The market has been rather strong and I don't feel quite comfortable taking this trade so I'll sit on the sidelines and see what happens. I'll be gutted if it does make it but it's about Risk/Reward.
For those interested, sell at around 1564 with a limit of 1546.9 and a stop loss of 1601.
October 14, 2007
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Sorry about the late one on this..
Here's Friday's chart
Nothing happened except that the market ranged between 156750 and 157250.
Muggins here expected some movement so I bought hoping to see a break above the range to find it failed. Then I sold hoping it would fall to 156500.
October 14, 2007
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