Surdo, dhpar, Lance, Are you buying for longterm here or are you still in sell mode, looking to sell again today?
I scalped LONG today and still have a small position. I am a dip buyer, but that should not affect your decision in any way to trade short! surdo
Gave up a nice short at 110 15 to 110 16 due to being uncertain about this day, i.e. short trading hours day, low volume.
hey guys, haven't been around for a while.. i'm thinking this is a good place to straddle the market with options from, a little heavier on the long side. I'll admit I bought some zn calls before the report - so this is definitely a surprise. This is interesting, especially considering the impact on equities. Puts the fed in a tighter place.
and I should say thanks JP. Because it was very boring before the data I thought I will <i>test</i> your "spike" method with a tiny fish. One more reason was that it possibly made my short taking a bit of profits into the flattener which was something I was happy about. As you can see I only slightly adjusted entry point to make it work. Thanks again. http://i3.tinypic.com/47bynx0.jpg
Lance, I want to confirm that I'm looking at the correct bar. You mean the 0729 CST 3 min bar, correct? The bar just prior to the 3 min bar that hit the low of the day?
08:29 est- ( 07:29 cst)-The reaction bar to the Report was 31 ticks down , its close was at 110-21 ( 21 ticks from its low)
so whats your long term bias (pardon me for not reading the entire thread) ? [i assume that means you are a dip buyer]