I was able to access msn and hotmail thru the links on Microsoft's home page. I did a scan and nothing turned up. fan27
I dunno what happened, but I did a full scan with no results, ran SpyBot and kicked out a few fairly innoculous things, and it all works now.
Sorry, I was out of pocket for a minute. As you can see I didnt get filled on my Short so I have now cancelled the order. too bad I missed my Long this morning. I.T. problems suuuuuuuuck!!!! It's like when your computer shuts down you can't do squat! Im done ranting now.
from T-Rex Original Entry Points Buy @ 1025.50 Stop-Limit /Stop-Loss @ 1020.50 Sell @ 1018.50 Stop-Limit / Stop-Loss @ 1023.50 Today's SVM (System Variation Method) How to fade the GAP-MOVE? If the market opens above 1025.50 (SELL @ 1025.50) If the market opens below 1018.50 (BUY @ 1018.50) ______________________________________________ Hello T-Rex, I am don't understand where the 1025.50 and 1018.50 numbers came from. Had you taken the morning long trade wouldn't it have been from1026.25 based on Globex high? Please clarify. Thanks.
Thanks for the great question. Today was a SVM (System Variation Method) day which means that instead of trading on the overnight high & low you would have varied from that being that yesturdays bar was quite significant. Because of I.T. problems this morning I missed the initial Buy signal @ 1025.50.
According to my records, for 9/2 the overnight points were: High: 1013.25 Low: 1010.25 It appears you used the 9/1 overnight low instead of the 9/2 overnight low as a result of the Labor day holiday on Monday. I'm sure you weren't the only one who made this mistake. If my understanding of your method (not sure what # you add to the OH, subtract from the OL to get your stop) you would at least have broken even after the first short entry when it hit a 3 point profit.
Tommorow should experience a nice pullback and stay midrange Tuesday's bar on the close. Look for the bounce in the afternoon to rally on the close. Should touch the major 1052 -1080 resistance soon. Look to sell these number. Also, indicators are now overbought and will look to the 1st trade tommorow to probably be Short and then get Long in the afternoon or HOLD position to pick up more downside handles I will explain more later this afternoon time permitting.
That's a great observation! I hadnt thought of that. but it would seem that you make a fantastic point. However, I will admit that that trade was arbitrary based on price movement subsequent to entry point.
NOTE: These are not "Entry Points" I am simply marking the overnight action. Resistance High = 1027.00 Support Low = 1023.75 Tommorow should experience a nice pullback and stay midrange Tuesday's bar on the close. Look for the bounce in the afternoon to rally on the close. Should touch the major 1052 -1080 resistance soon. Look to sell these number. Also, indicators are now overbought and will look to the 1st trade tommorow to probably be Short and then get Long in the afternoon or HOLD position to pick up more downside handles. Today's Entry Points will be given today @ the open.