re: Intra day S&P 500
Jesus, that took a combination of nerve/stupidity/clarity
a. ONH 1382.00, ONL 1369.50
b. OAOR, 370k CBAVOL
c. NVPOC a 1381.50 tagged - this is driving away hard now. Be careful if considering shorting.
d. This is grinding up, it's consistently above the ONH, even more reason to go long
e. OK, I'm looking for a pull-back to get long now if this is going to go for a trend day.
f. Maybe around 84.25, seems like a good area, bugger it's off again for the NVPOC at 1386.75, missed that entry.
g. I don't want to short that NVPOC, feel suspicious of shorting an NVPOC when it's driving up like this....
h. ok looking for it to rotate down, VPOC around 82.75 seems a bit far, looking for a rotation to around 84.75
i. Long, market order at 1385.25 @ 14:58GMT (1) - looking for at least a re-test of the high, not a great entry
j. This is selling off again, looking at the VPOC at 82.75 here to determine what to do next
k. ok this seems to be holding around the VPOC, seems it was pulling back to here
l. Long, market order at 1383.00 @ 15:12GMT (2), average price now around 1384.25
m. ok climbing again now.
n. Is this stalling, doesn't seem to be climbing much higher that 84.75
o. Going sideways around 83 and 84, VPOC at 82.75 seems to be holding things up
p. Hmmm, this has opened up well out of balance and it does seem to be holding
q. Even though sellers seem to have the upper hand right now, this has opened 10pts up and whoever is buying seems to be holding it up here
r. ok, watch if it tests ONL. If it breaches this, just get out with a big loss, otherwise hold and just be cool.
s. Jesus, a ledge for sellers has formed at 83.25 but it is rotating up on each period. It won't seem to break the IB
t. This might just be a 'Normal' day in MP terms so I would expect rotations up towards the high again eventually
u. Fed interest rate is coming up, I'm not comfortable about this as I quite heavily loaded in the run up to a news item that generally causes some movement.
v. DOM is really thinning out as we get closer to the news, considering bailing with a loss now, losing reasons to be in this trade
w. OK into the statement, it's all getting choppy now, deciding to bail if low is breached
x. Keeps testing this low but it is holding
y. Jeez, how long will this go on for
z. OK, it's getting some momentum now
1. This is grinding again, there is more blue coming through on T&S and the DOM is thickening/thinning which is making life interesting
2. I'm looking to get out just above the 1384.75 to cover costs and a little bit
3. OK, it's got a head of steam
4. Loitering around 1385.50, losing momentum
5. Out, market order, 1385.25 @ 18:07GMT (3)
6. 4.5 ticks profit before commissions at 2 x normal risk
7. MAE, 16 ticks from average, MFE 15 ticks from average, exit efficiency 31%.
8. That took some nerve/stupidity.
9. There was no opera or coffee involved today, maybe that was the problem
10. Best trade, long from the RTH-Low on the second test from 80.25 to 85.25 for 20 ticks