Today’s trading on Wall Street, was more of the same. A continuation of the up-trend has been the basic pattern, but a breather should be in store for Monday.
I believe we will see a pull back over the next few trading days, but I am trying to not have a STRONG BIAS about it. I will see how the price action lines up and trade out of the smaller time frames to capture at least 2 to 4 points for the day. I am not to worried when I grab only 3 tricks on a trade or even two for that matter. It all depends how I am playing it and what kind of day I think it is going to be. I could have had a couple of big runners, but did pick up one trade for 1 point and 2 points, half and half. When you are able to trade more than one contract at a time, split the trade up and take half off early, it releases the pressure and allows you to be able to stay in longer for that larger point gain. Today’s trading saw 7 trades all gains with one even trade.
Don’t have much time, I have unexpected guests from out-of-town and need to get going for now, if I have time to post again before Monday I will.
Vince
http://www.screencast.com/t/DDL5Sn7JbB trading out of the 100 tick, but posting results out of 233 (space)
Related posts:
- Breakout to upside to continue for Monday
- Expecting Bullish Market Sentiment to Rise Further
- Healthy Pull Back in Major Averages
- Looking for S&P 1010 on Monday’s Open
- Wall Street Rally – Mission accomplished
Tags: 100 tick, Market Call, Price Action
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