So far only one trade for me today. I overslept and missed the 0730 report. Trades I would have taken IF I had been awake: Long at 115 175 on the 0733 1 min bar. Exit 0740 CST. Long again at 115 200 no later than the 0747 1 min bar. Exit on any approach of 115 280. Why? It has a special relationship with a number I've posted many times already. A number that has made you at least 1000 USD on a 1 lot so far. More like 2000 USD on a 1 lot. So if 115 280 was so important as an exit why did I try for a small size long at 115 285? Just a hunch. The trade would have worked too, following my late entry rules. A late entry rule means I look to take no more than 4 - 6 ticks from the ideal entry. The ideal entry on my trade for today was 115 25. We hit a high of 115 305. More to come later if I continue to trade today.
0845 CST There is a risk to 115 12 in buying here between 115 20 to 115 24. I'm looking to buy but cautious. Something is off for me today so I will take it easy on size.
0852 CST I can't post real-time and ET is SLOW! Short at 115 23. Ideal entry was 115 25. You know my routine.
0813 CST I have the break through 115 12 and 115 08 as a very significant event. I think 114 23/24 is a possibility today. Looking to short again around 115 12 or better.
0818 CST Short small size at 115 10. Looking for a re-test of lows. I'll sit on this and watch it close.
0920 CST Sorry I couldn't post. I tried multiple times but I kept getting a database error. I just was able to get back in here to post now, with no errors. Quite irritating by the way considering I have other things to do. We kissed 115 135 at 0826. When we came down just a couple of ticks and then went right back, I went ahead and got out at 115 130. So 3 tick loss on 1/4 of my regular size. I'm not looking to do anything at the moment. Just waiting. It looks like we will play with 115 20 and 115 24.
0922 CST By the way, the above post is a cut and paste from when I wanted to post, a lot closer to your post, I might add. Obviously since then we really have played quite a bit with those levels. Finally for today, I have the following two numbers as significant on the upside: 116 04 115 28 That is it from me for today. Too much money to be made to be screwing around with web site issues. Good trading!
0555 CST Pre-market on 05 Aug 2008 I have the following important times today: 0632 0816 0908 1140 1412 Plot any time frame between 1 - 5 minutes and watch price carefully at these times. Pick a line to be your S/R for that time. Keep an eye on what price does as time progresses. Generally speaking you play these time line levels the same way you would play pivots. I have 115 22 as a very important time line on my hourly geometric chart. My hourly chart is in buy signal territory. Remember today is an FOMC announcement day. Anything could happen. I have no bias today. Should be a good day to make 3 solid trades in the AM. 115 26 is the balance point for today. 115 01 is also important to the downside.