John's Intraday Market Analysis

short breaking pts ER2 738.4
YM 11790.
SMH at top of trendline,,,it better go down or I'm gonna worry about this trade.

 

here we go,,looking to tighten stops soon.

 

stops tightened

 

stops lowered, SMH starting to rollover. A sell stop at my key point from earlier may be a good idea for an add to this position.

 

er2 stop 738.1, ym 11787. TICKs just hit a low, that's why I'm tightening stops.

 

stopped out. Also, SMH didn't follow through to the down side.

 

So far, today looks like a good range day to trade off tick extremes.

STOP GUNNERS,,,ARGGGHHHH!!!

I say they do EXIST!!!

 

Well, here's the DAX for the Day, started up, and sold off. Will we see a similiar pattern in the US markets??

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I think I'm done for the day so here's my market summary:

Today was typical choppy friday during the time I traded, staying in a 30pt range on YM.

Things learned: increase size on scalps during range bound days.

P/L= $100

 

JOHN WAKE UP!

Good work dude. Esignal was having problems this morning . If everyone has gone home and to sleep we may drift up in the afternoon. Till 15:30, being end of month. Just a thought.