Looking for shorts..


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  • BruceM
  • 2-Sep-2007 at 6:35 PM
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down to 1465 and 1456 this week...perhaps monday.....
Good luck with that trade if you take it!
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  • BruceM
  • 28-Oct-2007 at 8:06 PM
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Thanks....I think I'll need it as everyone is trying to front - run the Fed....we'll see...no add ons for me in pre-market
It looks like they're pricing in another cut on Fed Day. Just remember what happened last Fed Day:

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  • BruceM
  • 29-Oct-2007 at 6:59 AM
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had to add at 50.25..target is 46.75 now....we'll see....tricky day coming I think
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  • BruceM
  • 29-Oct-2007 at 7:24 AM
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43.75 on other partials and have two contracts left with stop at 46 just in case they will try and get 40's
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  • BruceM
  • 29-Oct-2007 at 6:47 PM
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I added to short when overnight high was taken out and they hit the plus 4 number...It's more important to have a reason behind this type of trade posting..I got stopped out at 46.25 on runners...nuff said
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  • BruceM
  • 13-Nov-2007 at 1:35 PM
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Well the weekly pivot has been hit..I'm short from 1479.50...thinking that the 1473 area needs to be tested....I will add to this in overnight or current day session when/if we trade to the 1485 area...Concern is Monday - Tuesday range violation will probably happen to upside...will do targets for that CONCEPT in the other thread...

The 93.75 area seems like a good resistance area but that is too rich for my trading
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  • BruceM
  • 13-Nov-2007 at 2:02 PM
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now that the add-on took place at 1485 I have adjusted my target to 1476.50...hopefully they won't make me work too hard daytrading on Wednesday to make up for this...I will be fairly uncomfortable if the 93.75 trades in the overnight...
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  • BruceM
  • 13-Nov-2007 at 2:55 PM
  • Rep: 216k
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close up of an area I am watching....this is like single prints only on one minute...gotta be flexible if you average in sometimes.

Click image for original size
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  • 0
  • BruceM
  • 14-Nov-2007 at 6:46 AM
  • Rep: 216k
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got stopped at 81.75 on this as that zone held too well.and was within one point of my target..( 76.50)..poor trade management on that ...I'm Now shorting 1495.50 .target is down at 1489 first.....This is a good zone...will add to short if we trade to 1502.50....
Excellent trading pt and thanks for that great explanation Bruce!
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