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Previous Intraday Trading Session: [ 4/2/2013 ]

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TIMEALERTS 
16:39Trades --
Scalpers: +2, -2, +2, +2 = +4
Sluggers: -2, -2, +2.5, -0.25 = -1.25

 
15:56TRADE #4 -- SCALPERS OUT AT 1563.25 [-0.25]

 
15:52Sluggers should lower their stop to 1563.25

 
15:50Correction -- Lower Stop to 1540 -- should have been 1564.

 
15:49Trade #4 -- Scalpers out at 1561 [+2]

 
15:34Lower Stop to 1540

 
15:28In at 1563

 
15:24Trade #4 -- Sell 1563 -- Stop 1565
Wait for 1563

 
15:04>> see chart.
If we rise into the apex of the pennant, then we'll short again.

 
14:40Reversal at 15:20.

 
14:38Trade #3 -- Sluggers stopped out at 1564.50 [2.5]

 
14:37Sluggers -- lower Stop to 1564.50

 
14:30Sluggers -- lower Stop to 1566

 
14:15>> see chart.
We are at the pennant apex now. Also, an downward channel has appeared that indicates a move up. I think it will go down first, then reverse at the bottom of the channel.

 
13:30Sluggers should sit tight. 1560 is a likely target.

 
13:29Trade #3 -- Scalpers out at 1565 [+2]

 
13:24Descending triangle on the IWM 5-minute chart.


 
13:16Pennant is forming.
>> see chart.

 
13:11They are making us earn this one.

 
11:29TRADE #3 -- Sell 1567 -- Stop 1569

 
10:56TRADE #2 -- STOPPED OUT AT 1567 [-2]

 
10:20TRADE #2 -- SELL 1565 -- STOP 1567

 
09:59Trade #1 -- Sluggers stopped out at 1565 [-2]

 
09:58Trade #1 -- Scalpers out at 1561 [+2]

 
09:45>> see chart.

 
09:43Trade #1 -- Sell 1563 -- stop 1565

 
 
 
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