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Previous Intraday Trading Session: [ 7/31/2013 ]

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TIMEALERTS 
21:02Trades: -1 -1.5 +2 +4 +.5 +1.5 = +5.5

 
15:00Trade #5 -- Out 1694 [+2.75]

 
14:59Trade #5 -- Raise Stop to 1692.5 (+1.50)

 
14:58Trade #5 -- Lower Target to 1694

 
14:58Seems stuck at 1694

 
14:54Trade #5 -- Raise Stop to 1691.5 (+.50)

 
14:49Bullish pennant on 1-min chart.

 
14:47No negative indicators on 1, 5, 10 or 15 min charts.

 
14:38Trade #5 -- In at 1691.25 -- Stop 1690 -- Target 1695???

 
14:37Trade #5 -- Buy

 
14:30May go long on move above 1690.

 
14:28This just smacks of much higher move.

 
14:26Trade #4 -- Out 1688 [+4]

 
14:22Trade #4 -- Stop 1682 -- Target 1688

 
14:21Trade #4 -- Buy 1684

 
14:07Trade #3 -- Stopped out 1686 [+2]

 
14:06Trade #3 -- Raise Stop 1686

 
14:01Trade #3 -- Target 1691

 
14:01Trade #3 -- Raise Stop 1684

 
13:50If it pops up, we are going to ride it out best we can.

 
13:49I am losing faith in the 1:00 pm reversal, but holding my long position.

 
13:47I also see a big correction before the end of August.

 
13:47Today is a cyclical reversal date. With the markets drooping lately, I would expect a move higher over the next week. DJ-20 could make a run for 7000.

 
13:40If FOMC pushes the market down, flip the trade at 1683. i.e. Short

 
13:34Trade #3 -- Stop 1683

 
13:33We hit the low right at the reversal time, but have moved sideways since. The longer this sideways movement lasts, the great the chance of another leg down. Of course, this time, things are a little different: FOMC.

 
13:10Trade #3 -- Buy 1684

 
12:58News always trumps the natural rythmn of the market.

 
12:58FOMC announment at 2:00 pm
Do we go with the reversal, or wait for the announcment?

 
12:51Looking to go long

 
12:41Getting close to the OSS Reversal signal at 1:00 pm

 
11:59OSS Reversal signal at 1:00 pm

 
11:32Trade #2 -- Stopped out 1689 [-1.5]

 
10:31Trade #2 -- In at 1690.5 -- Stop 1689

 
10:31Trade #2 -- Buy Target 1693.5

 
10:30Trade #1 -- Stopped out at 1688

 
10:13I have to leave for a few minutes. Place a Limit order at 1682

 
10:111684 looks like a good target right now, but that may change with time.

 
09:39Trade #1 -- Sell 1687

 
09:39Trade #1 -- Stop 1688.5

 
 
 
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