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Previous Intraday Trading Session: [ 6/6/2013 ]

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TIMEALERTS 
16:01There's the 10 points I suggested

 
15:57Trades --
Scalpers: +2,-2, -2, +2, +2 = +2
Sluggers: +2,-2, -2, +2, +7, +2 = +9

 
15:37Any minute now, the market is going to figure out that "Hey, today is a reversal"

 
15:32Charts are very bullish.

 
15:31We could see another 10 points to the up side before the Close.

 
15:30Trade #8 -- Out 1617.50 [+2]

 
15:29Not overbought/not oversold

 
15:2950/50 chance here

 
15:26Trade #8 -- Buy 1615.50

 
15:25I am getting more bullish than bearish.

 
15:22You could make the argument that a bull flag has formed on the 5-minute chart.

 
15:21A move to 1615, then a stall would interest me.

 
15:14Watching the 1 minute chart for an opportunity to short.

 
15:13Some very clear reversal candles on the 10 and 15 minute charts

 
14:39It is going to give back a few points.

 
14:311-minute chart is oversold

 
14:30I don't think we are going to get an opportunity at 1612

 
14:28Watch for a pull-back to 1612. Buy with a target of 1616




 
14:27This should go to 1615

 
14:27This should go to 1615

 
14:13Chart update

 
13:15TRADE #6 -- SLUGGERS -- out at 1606 [+7]

 
13:13Sluggers -- move stop to 1602

 
13:12Sluggers -- move stop to 1599

 
12:53Another reversal at 1:05

 
12:52Sluggers -- Place a stop at 1596

 
12:51I lost my descipline there. Thought I would look up my horoscope reading for the day. Damn! I should start posting these at the beginning of the day.

Horosacope: you will experience losses if you gamble during this period. you will be inclined to overspend on children, entertainment, luxury items, and self-improvement gadgets.

 
12:34We have the first good reversal candle as we leave the reversal time frame.


 
12:32Trade #6 -- Sluggers -- Buy 1599 -- Limit 1606

 
12:30Trade #5 -- Out at 1600.50 [+2]

 
12:29There is a good chance for a 5 point gain here.

 
12:28Trade #5 -- Buy 1598.50

 
12:24Coming to the end of the reversal area. If we get a good reversal candle, we go long.

 
12:22Exit 1603

 
12:22Shoot for 1600

 
12:21Trade #4 -- Sell 1603

 
12:20Now I am out.

 
12:18Trade #3 -- Stopped out at 1603 [-2], but I wasn't. Strange.

 
12:18Crap. Chart shows 1603 was hit, but I wasn't stopped out.

 
12:08I should have waited for the reversal area.

 
12:06Trade #3 -- Buy 1605

 
12:05Trade #2 -- Stopped out at 1604 [-2]

 
12:00Trade #2 -- Buy 1606

 
11:56Double reversal: 12:10 and 12:20

 
11:54Watch 12:10 for a reversal.

 
11:35A return to the 1607 level would be a good setup for a move higher.

 
11:34Chart update

 
10:41All eyes on the 1605.75 level.

 
10:30Should have bought at 1605.75. 78.8% retracement and a long tail.

 
10:25Looks like 1607 is the bottom.

 
10:17Could bounce before, but 1605 should be the absolute bottom.

 
10:16Look for a bounce at 1605

 
09:36Trade #1 -- Out at 1610 [+2]

 
09:36Trade #1 -- buy 1608

 
09:24Expect to see 1600

 
 
 
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