Unreal....spent all day trying to get this data right and they finally realized it was an issue with the file i imported. Better late then never. I took a few trades but my I was not focused and didn't press things. Trades were based on intra day PA & s/r because data was not adjusted. I don't expect things to get more normal, from my perspective, til mon or tues
tough AM....phone calls and still sorting out data from rollover so no chance to post levels upside 78.25 and 83, 88 downside 73.75-71, 67, 64
+1 pt on 1/2 pos and -1 pt on the balance....forgot about the consumer sentiment #. servers me right for being impatient......didn't trade much at all due to rollover
I went to the gym and never came back. No vol as expected. Looking for vol to pickup a bit next week but not expecting much on Monday. I think the settlement date for contract rollover is on the 18th so not sure how it will impact trading....I will just keep my eye on vol levels.
No news today. pre mkt vol is decent so far at 260k 94.5 area has hi vol on a composite basis...it is also the highest vol in the O/N session which is no surprise 1102.5, 1104.5-1106, 1109-1112.5 & 1117 for now on the upside 1091, 1088.25-1086.25, 1083, 1078, 1074 for now on the downside we have gaps at 1099.75 & 1105.25 It will be interesting to see if the 97 area holds or they push to fill the gap. Last Thus and Fri we rallied on low vol. Low vol was expected to to rollover. I will be looking for vol to get back to normal by Tues. Lets see what type of open we have and what tone is set for the AM
Hope everyone made it through OEX ok. Next week we have FOMC. I do not plan to be around much , if at all. This past week I found the trading to be terrific and fairly easy to follow....maybe I just guessed right....who knows. I felt very in tune with what the mkt was showing me and it made most of my trading decisions relatively easy. One of the areas that I am always trying to improve is when not to trade in "protection mode". There was no change in what I was seeing or doing yet I found myself exiting trades w/o getting the proper exit signals. I had already booked some nice points in the AM sessions and found myself letting go of very nice trade setups for no apparent reason that I can explain other that not wanting to "give back" anything. The strange thing about it is, I was not in trades that were against me. I was merely not giving my runners much room to work despite the fact I was not getting any reversal signals. I do not remember feelings of fear, anxiety etc., so I am trying to correct this bad habit. I have a few techniques that I have used to advance to this level and I will take necessary steps to implement them during this phase of my trading. This is not about being greedy, this is about trading the PA as I see it in front of me and dealing with the feelings/emotions.....subconscious or not, so it will not alter my trading plan. This is part of the fine tuning process for me and is an ongoing task. I don't beat myself up, I just try to be as aware as possible of any changes, big or small, that have a negative effect on my trading and I try to correct them promptly. Good Trading to all