Trading the SPX

[vectorC]

Tudays Result

Test 1399+- OK + Test 1394 OK + 1.387 Ok ( turning Point ) !!

 

[Devilicus]

nice charts Vector.

 

[vectorC]

nice charts Vector.

Thanks

 

[vectorC]

Wednesday

Today FED = no action.
SPX in consolidation + break mode

probably trading system for today = FED trading system ( Countertrend trading after 14:15 in true time - 14:30 etc.. )

 

[Pat494]

Thinking of opening a long AND short before the news ! plus tight stops

 

[Pat494]

Get your shorts on folks

 

[firewalker99]

...It explains why 1405 might be more important than 1400 on the ES.

right now it rejected 1405 in the pre-market action so the 'potential' of that resistance has been confirmed.

it wants to test the premarket highs again (1405)

And 1405 is mighty!

 

[vectorC]

firewalker

 

[vectorC]

"FED trading system" OK - countertrends at true levels at true time

 

[Pat494]

I've got it pencilled in for a down day today

Hows about you ???

 

[vectorC]

My view - daily

for today - range move between valid S/R

tommorow - Nonfarms are important = posibble trigger for move

Todays intraday Levels after 9:00 hour

 

[firewalker99]

I've got it pencilled in for a down day today

Hows about you ???

I'm hoping for a big down day, it's been a while, but we'll have to act on what we see.

 

[vectorC]

Sorry for this time...

First test 1.383 is Buy Scalp, test 1.377+- is Daytrade and test 1.370+- is BUY SWING.

First test 1.390+- is Sell short Scalp, first test 1.392-93 is Sell Short Daytrade, test 1.400+- is Sell Short Daytrade and test 1.407+- is Sell Short Daytrade.

 

[Pat494]

Flat flat flat - it seems to be waiting on something but what ???????

 

[firewalker99]

Flat flat flat - it seems to be waiting on something but what ???????

Something's not right though, look at the nasdaq its flying up!

 

[Pat494]

Mines generally up while builders etc down
Hank Paulson says credit crunch end in sight

 

[Pat494]

I'm long - a bit of strength

 

[Pat494]

Stop to break even

 

[vectorC]

my trades:
Buy test 1183+- I catch not, but further trades yes - Sellscalp 1389,75 to 1.388,75 and Daytrade sellshort 1.392 to 1.390. 3 points for contract

 

[Pat494]

Yes that's some points for you VectorC

Very sluggish today. I have moved my stop up behind the gentle rise to lock in some points and hope it will continue up