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Tuesday 12-11-07


Fed day:

I have only one basic plan and that's shorts if it sets up. I'm looking to do a few things:

1)Establish a small short position pre fed annoncement IF and only If we haven't sold off hard ahead of the announcement

2)I will look to take 8-10 points profit If they run it down after the announcement

3)Establish a core short position if they rally it up into the 40's once it is announced...and we go up first..

4) same target..8-10 points , then trail

options 1 & 2 will be an all "out" on targets where 3 & 4 will be trailed..

Ok, that's the plan...
quote:
Originally posted by BruceM

thanks DT..that is correct..very fast conditions so I had positive slippage for a change...
quote:
Originally posted by day trading

quote:
Originally posted by BruceM

i'm in at 22.50..looking for 8 points..on downside....

So you were targetting 8 points and got what? 10 points and 15.75? That's excellent trading! Well done!





Gets my nomination for Trade of the Year !
possibly, but just as easily could have been "loser" of the year....an occasional "gamble" is ok if your not betting the whole load....
quote:
Originally posted by pt_emini

quote:
Originally posted by BruceM

thanks DT..that is correct..very fast conditions so I had positive slippage for a change...
quote:
Originally posted by day trading

quote:
Originally posted by BruceM

i'm in at 22.50..looking for 8 points..on downside....

So you were targetting 8 points and got what? 10 points and 15.75? That's excellent trading! Well done!





Gets my nomination for Trade of the Year !