Friday, September 12, 2008

Added One Unit

I just added a second unit to my long position at 1243.00 on the breakout above the first 30 minutes trading range. My average on 2 units is 1240.50.  I think the market has a good shot at 1260-65 today.

5 comments:

Anonymous said...

I am also looking for VERY strong day today so long as the morning lows hold. I am almost embarrassed to day that I am looking for 1272 as an afternoon high. My gut says we won't see it but that what my projection shows ---again ---- as long as morning low holds!

TraderTopGun said...

10:57am est,
ES unable to break the First Hour High, bad Omen

Internals, very Negative...

Out Flat

Anonymous said...

Hoping for a move back towards 1240 ahead of European cash close. Should offer a good low risk opportunity to get long.

Anonymous said...

Carl, I saw your comment about putting on a position after the market broke through the range of the first 30 minutes. Do you play that strategy often?

How well does it work.

Thanks,

- J.R.

vinst said...

I too have a strategy based on first 30 mins for NIFTY (www.nse-india.com). used it for about an year along with 30min reversal bars but had to abandone in view of moderate success.
Can i discuss further on it?
vin