It looks like the Philly Fed might bring a new low for the day, but I'm wary about going short today. At this point I think anything could happen. Hopefully I will get a clear signal soon.
The market action looks firm, but at the same time I have the feeling that prices could steadily erode. That's why I'm afraid to go long at this time.
SLD 1511 OPEN BOT 1510 CLOSE I'm starting to get pretty frustrated. I think it would be wise for me to take a break right now.
I wouldn't be surprised to see it come back to 1520 sometime this afternoon. However, I am afraid to commit to anything today. I think that is because I don't see a clear direction.
Scratch that idea. Maybe the reason I'm having such a tough time is because I want the market to go to 1520 even though it doesn't want to. I might try to look for a long entry around 1500.
I never had the chance to check out the 1st journal cud u tell me when u hve a moment what the first journals basis was (SP NQ etc) and what is the basis for the trades in the present journal... Thanks