Es - 10/29/03

I don't follow SPY, but there was a good reversal on the ES/NQ at 13:30.

 

yes, the reversal at 1:30. the SPY is almost exactly like the ES....they are quite arb'ed. my strategy reverses only after a retest of a pivot....the 105.25 pivot to be exact

 

I know you don't want to talk too much about the specifics, but can you explain what you mean by a retest?

 

What caused the sudden Spike up?

 

here's a chart

 

I don't know, but it just ripped me a new one

 

hehe, that was fun, wasn't it? still short, stop at 103.35

 

Sucks when your trade is actually good but a spike like that one stops you out

-Fast

 

Gotcha. I take the first failure.

 

Definitely a day for playing pivot levels and price R.