tag:blogger.com,1999:blog-443652854082903301.post-42458290282574825162008-07-03T15:53:00.000-07:002008-07-03T15:55:38.280-07:00<span style="font-family:lucida grande;">Another day, another 2 10 point trades for those taking cue from forecast along with simple price trigger.<br /><br />Forecast has been giving chances for several 10 point trades throughout the week. Hopefully you have caught some of these moves! If not, please review your entry and exit strategy.<br /><br />Trading<br />Going for gap fill, in at 9:32 and watching for down after 9:45 was fast 10+ points. Next trade looking for long especially after 10:19 with 7T+ triggered right at 10:20, another 7-10 points. Done for day but those wanting more had green light to short at 11:35 and taking profits above 7T support level so gain of 3-5 points.<br /><br />Call - "Regular cycle up after 9:39, but countered by potentially significant 6T- at 9:45."<br />Result - Fell off cliff at 9:45 for fast 10+ point trade.<br /><br />Pre-open call - "So far price action points to up after 10:19 with the 7T. Looks like Thursday will close with a weak bounce."<br />Result - 10 point rally after 10:19 and basically markets supported even though drifting lower. SPX managed an up close.<br /><br /></span><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://bp2.blogger.com/_9uQzRbLvKk8/SG1Ytio944I/AAAAAAAAA0A/nQHoh-4ttJU/s1600-h/7-3+ES+1+min+lines.jpg"><img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer;" src="http://bp2.blogger.com/_9uQzRbLvKk8/SG1Ytio944I/AAAAAAAAA0A/nQHoh-4ttJU/s400/7-3+ES+1+min+lines.jpg" alt="" id="BLOGGER_PHOTO_ID_5218925082608264066" border="0" /></a><span style="font-family:lucida grande;"><br /><br /></span>Jonathan Pearlhttp://www.blogger.com/profile/03635919649435544280noreply@blogger.com