0944 CST I'm going to play it safe and look for an exit around 104 295 at the most. Ideally, I'd like to make back what I gave up on the ZN previously, but it really doesn't matter. If I can get to the above target I'll be happy. 0946 CST Looking for some sign that the high will be taken out. This is really tricky right at this level. We could spike up 4 ticks and then some no problem, or we could do nothing. Watching carefully. 0948 104 290 on the ZN. 0949 I think 106 24 in the ZB is a given. As a matter of fact I'm tempted to buy ZB's here, but I should be happy with what I have.
OK, out at 104 285. I think I'm done for the day. Not bad. The mistakes were not entering more contracts on the very first purchase at 106 07, AND not entering more contracts 0930 turning point time. Solid start to the week. I'll take a quick look at the Dow and ES but I'm tired of this chair, and tired of staring at the screen. Good trading to you!
Tuesday 10 July 2007 0743 CST Important turning point times for today: 0748 0800 0848 0928 1016 1100 1204 Important support at 106 26. I will be a buyer on all dips. Target is above 107 00. The important times appear to start with 0848. The really important times occurred earlier, i.e. blindly buy at 0600 or 0700 and I missed them.
OK, I need to be careful on this trade. I have the following: 4 ZB 106 30 1 ZB 106 31 4 ZN 105 060 4 ZN 105 065
0807 CST Exiting half at: 107 01 105 075 Too much risk for very little movement. There will be better opportunities later today.
0812 CST Out of rest at: 107 03 105 090 Ready and waiting. (Picture the Starcraft voice in your mind. You do remember Starcraft don't you?)