October 2011
25 posts
October 28th
Economic News:-
8:30 Personal Income and Outlays
9:55 Consumer Sentiment
Here is today’s 30 minute chart, as we start the day:-
Trading for10/27/2011
06:00 Went short via 30 minute signal at 138’01. Looking for 13 ticks - 137’20.
07:30 Covered the short at 137’20 for +13 ticks.
08:05 Went short on 5 minute signal at 137’19, looking for 9 ticks.
08:25 Covered the 137’19 trade at 137’10 for +9 ticks. Went short at 137’13 on 5 minute signal.
08:27 Covered the short at 137’04 for +9 ticks.
09:00...
October 27th
Economic News:-
8:30 GDP and Jobless Claims
10:00 Pending Home Sales
11:00 3 & 6 Month Bill Announcements
13:00 7 Year Note Auction
16:30 Fed Balance Sheet and Money supply
Where we are at the start of the day:-
New set up
30 minute chart flips bearish. Now trading to downside.
11:30 Went short at 139’27 via a 30 minute signal.
Trading for 10/26/2011
8:00 Went long via the 5 minute chart at 139’26. Stop is at 139’20 with a target of 140’03.
8:10 5 minute chart not going to plan. Out at 139’28 for +2 ticks. 30 minute chart giving a buy signal. Will go long at 8:30.
8:18 5 minute chart giving another buy signal. Will go long at 8:20.
8:20 Long at 1`39’27. Stop at 138’20 and target at 149’04....
Today's Economic News
7:00 MBA Purchase Applications
8:330 Durable Goods Orders
10:00 New Home Sales
13:00 5 Year Note Auction.
October 26th
Good morning. We start today on the buy side, following the 30 minute atr. Not always right, but right more often than wrong.
Trading
5:50 Will go short via 30 minute chart at the top of the hour.
6:00 Went short at 138’03. Looking for 13 ticks to the downside - 137’22.
7:20 The price target was hit, and I exited the trade for +13 ticks.
8:46 5 minute chart showing a sell signal. Will go short at 138’07.
8:50 Went short at 138’07. Target is 9 ticks - 137’30.
9:00 30 minute chart shows...
October 25th
The 30 minute chart at 5:30 am.
6:11 pm
Last post for the day. Here is how the 30 minute minute chart ended the day:-
2:40 pm
30 minute chart is on a buy signal - will go long at the top of the hour.
2:59 pm Signals turns back to sell - no buy.
13:00
Going long via 30 minute chart at 138’07. Target on this lot is 21 ticks - 138’28. Will take 1/2 off at 13 ticks - 138’20
13:06 Not liking the action. 30 minute chart switches off the buy signal. Will give it a bit more time and than exit.
13:10 No more time. Exited the trade at 138’10 for +2 ticks.
12:35
Went long at 138’12. The profit target for this trade is +9 ticks - 138’21
12:30
30 minute chart showing an early buy signal. If it holds, will go long at the top of the hour.
5 minute showing a buy. If not filled at 138’07 in the next 4 minutes will go long at 12:35.
12:26
Will go long at 138’07 if it gets filled.
11:50
Coming up to midday, and this is how the 30 minute chart looks:-
11:05
Looks like 30 minute chart is giving a buy signal. If so, will enter long at 11:30.
11:07 Buy signal changed. Will need some higher prices to go back to a buy. Will keep you posted.
11:30 No buy signal. Waiting patiently for it to come.
11:00
Closed both lots at 138’19 for +4 and +5 ticks respectively. Will be looking to re enter on the long side.
10:52
Another gap closed on the 5 minute charts.
10:00 a.m.
Went long via 30 minute chart at 138’14. Am looking to make 13 ticks (138’27) on this trade. Stop is either an ATR stop or AO change to negative.
Trading 10/24/2011
Here is the 5 minute chart showing both gaps being closed.
Instead of posting the chart, I should have gone long at this price - 138’06 (gap closure). We are in a buy zone, and that would have been a great price to get. Would have been an easy 9 ticks.
Put in a buy order at 138’04, but this was not reached, and at 9:20 changed this to 138’15. Was filled at this price at...
Trading for 10/24/2011
Went long via the 5 minute chart at 7:55 at 138’23. Exited this trade at 139’00 at 8:25 as the profit target had been reached. +9 ticks.
October 24th
And the 30 minute chart flips bullish. I will now trade/look for long entries.
Monday, October 24th.
Here is the overnight chart. Will trade to the sell side, unless we get a 30 minute close above 138’22. There is no major economic news, Chicago Fed National Activity index at 8:30 being of slight importance. Fisher is speaking in the morning, but unlikely to move markets.
