The market opened with a big down gap. Gaps usually fill… sometime. All morning long I had this feeling that it really was too late to short but too early to go long. However, over noon the pace of the market shifted on the 5 and 15 min charts and CME (on the list of [...]
Archive for September, 2008
Upday
I expected an upday for today, since the daily charts in the indices were pretty extendend to the downside and yesterday was a consolidation day with some positive pace development in the 60 min ranges.
The indices gapped up slightly and broke the morning high. At last, I could go look for a few nice longs.
The [...]
Difficult day…
I could not find a lot in the gainers/losers list, but there was a gapper that made it to my list because of the great daily.
Though I did expect the market to bounce strongly and I was not really looking for short this one was too good to pass up, but I did not expect [...]
Another hard day
It was hard to find decent setups again, but this one was nice.
A great pattern, the avalanche, took the price for a nice ride. 2R seems almost ridiculous to cover most of the short… but usually it works very well!
