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keeptradin'
Registered: Feb 2004
Posts: 1419 |
04-25-12 02:48 PM
This is looking like one of those straight up days, and the Fed could really juice it.
A trailing stop in this type of action could yield a big winner, and minimize damage in the event of a surprise.
I will stick with the ten point target in the interest of keeping it simple.
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traderjmb
Registered: Feb 2005
Posts: 30 |
04-25-12 05:06 PM
Q: Is that BUYS, only?? (no shorts?)
Comment: Man, do I wish it was that simple!!
Buy on open, 10pt target, 10pt stop.... sounds like roulette to me... RED or BLACK... let's go gambling!!! 
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keeptradin'
Registered: Feb 2004
Posts: 1419 |
04-25-12 07:41 PM
Quote from traderjmb:
Q: Is that BUYS, only?? (no shorts?)
Comment: Man, do I wish it was that simple!!
Buy on open, 10pt target, 10pt stop.... sounds like roulette to me... RED or BLACK... let's go gambling!!!
You got it bruddah!! Only go long, 'cuz the ladies don't like playing with the shorts...
One could call it gambling, but only if one loses. When we win we call it SKILLZ!!
Either way, the VSS is still in drawdown, and the Fed did NOTHING to help us today. At least not yet...
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keeptradin'
Registered: Feb 2004
Posts: 1419 |
04-25-12 09:17 PM
Quote from keeptradin':
Long ES @1381.25, Target 91.25, Stop @ 71.25.
FOMC today, along with the AAPL "morning after", should give us some volatility. 
Covered ES Long @ 87.50 (MOC) +6.25.
Cumulative P/L: -9 (Nine Trades)
Such a flat day, despite the FOMC, CrAAPLe, etc. Still nice that ES closed at the HOD.
Need some volatility to push the market and get the VSS out of drawdown. 
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keeptradin'
Registered: Feb 2004
Posts: 1419 |
04-26-12 03:26 PM
Long ES @ 1383.75, Target 93.75, Stop @ 73.75.
Good home sales number seems to be outweighing the Unemployment number. Looking forward to getting "back in black" today.
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