tag:blogger.com,1999:blog-443652854082903301.post-32171721211076195592008-07-08T16:59:00.000-07:002008-07-08T17:32:15.195-07:00<span style="font-family:lucida grande;">7Ts move markets!<br /><br />Trading<br />Entering before 10:00 with 2 pieces of news scalps only; if taking first short then probably scratch, long after 9:40 (and past 4H- at 9:37) good for couple points. 7T right at 9:46 stopped rally cold so bias to look for shorts. Triggered at 10:15, probably slammed by 1 up bar, -2; in again 10:20 made it back. From there 10:29-12:21 move inverting up as oil dropped so possible longs yet will not tally. If taking lunch short 11:55 scratch or stop. If judiciously applying forecast and price action, next trade long at 2:30 with expectation of up after 1:31 finally proving itself. Result gain 15-20 points.<br /><br />Call - "Very key change (7T) right at 9:46, should be down."<br />Result - Key high 9:42 / 9:48, then down.<br /><br />Call - "Very key change (7T) at 1:31, markets have chance of turning up."<br />Result - This took a little bit to get moving, probably just lunch; but did come through with a major change in trend.<br /><br /></span><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://bp0.blogger.com/_9uQzRbLvKk8/SHP_jMRbD0I/AAAAAAAAA0Q/WOIdcJRaJgk/s1600-h/7-8+ES+1+min+lines.jpg"><img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer;" src="http://bp0.blogger.com/_9uQzRbLvKk8/SHP_jMRbD0I/AAAAAAAAA0Q/WOIdcJRaJgk/s400/7-8+ES+1+min+lines.jpg" alt="" id="BLOGGER_PHOTO_ID_5220797373107343170" border="0" /></a><br /><span style="font-family:lucida grande;"><br /></span>Jonathan Pearlhttp://www.blogger.com/profile/03635919649435544280noreply@blogger.com