We are getting close now gang, but even if we don’t hit the SPY FP of 115.27 I will still be closing out my shorts today and going flat into Friday. The charts are all mixed now, and I’m not sure what’s going to happen after Bernanke speaks. Today’s down move changed the plan.
I am not doing anything more today or tomorrow. Hate trading on Fridays. But of course if anything major is going to develop, they will do it, just when we either are sleeping or late on Friday afternoon. OR, before the market opens on Monday.
Well, WBS we all miss them from time to time. That’s why have have this blog to share ideas and work together as a team. The more people out there looking for FP’s the better our chances of catching them.
Before the day is over, I do expect the 115.27 spy FP to be hit GL, and I’ll exit my shorts at that time. I missed the gap up (which sucks, as I could have made a very nice profit today), but I’ll still make profit when I close them out.
I’ll wait until tomorrow to decide on what’s next, but I do expect it to be a “sell the news event”.
Just got back from playing two hours of tennis TOTALLY missed the fake print, covered a LOT lower on my ESP as a result and a LOT higher on my gold. Shit. Oh well, still a big win. Great fake print guys.
Glad to help GL… I should have followed you on “when” to get short. LOL
I nailed it again !! Ready for a up swing in the morning than back to shorts.
Thanks again RED for that fake print
I flat now… I sold my shorts (breakeven, because I got in too early yesterday )
We are getting close now gang, but even if we don’t hit the SPY FP of 115.27 I will still be closing out my shorts today and going flat into Friday. The charts are all mixed now, and I’m not sure what’s going to happen after Bernanke speaks. Today’s down move changed the plan.
I am not doing anything more today or tomorrow. Hate trading on Fridays. But of course if anything major is going to develop, they will do it, just when we either are sleeping or late on Friday afternoon. OR, before the market opens on Monday.
Nice Head and Shoulders pattern developing on the 15 minute chart now. One more move down should happen today I believe.
Well, WBS we all miss them from time to time. That’s why have have this blog to share ideas and work together as a team. The more people out there looking for FP’s the better our chances of catching them.
Before the day is over, I do expect the 115.27 spy FP to be hit GL, and I’ll exit my shorts at that time. I missed the gap up (which sucks, as I could have made a very nice profit today), but I’ll still make profit when I close them out.
I’ll wait until tomorrow to decide on what’s next, but I do expect it to be a “sell the news event”.
I hope it comes down to retest that fake print low to go long until BB speaks.
Just got back from playing two hours of tennis TOTALLY missed the fake print, covered a LOT lower on my ESP as a result and a LOT higher on my gold. Shit. Oh well, still a big win. Great fake print guys.