Edited by atom9, 26 July 2012 - 07:37 AM.
Took Profit of ES long at 1351
Started by
atom9
, Jul 26 2012 07:37 AM
6 replies to this topic
#1
atom9
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Posted 26 July 2012 - 07:37 AM
Entered here http://www.traders-t...howtopic=141006. 21 points profit, good enough for a couple of day's work. We should go even higher towards next week's Fed meeting, but probably some back and filling first.
#2
TechMan
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Posted 26 July 2012 - 08:13 AM
Excellent!!! Congratulations.
VIX options traders have been aggressively accumulating August OTM calls for days anticipating big spikes in volatility. Whether or not they unwind these open interests today will show their faith in central bankers' "communication skills".
Good day and good luck.
#3
StillLearnin
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Posted 26 July 2012 - 09:05 AM
Nice trade atom! You recognized that we are in MR context and took a shot and it worked!
#4
IYB
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Posted 26 July 2012 - 10:16 AM
Very nicely done Atom. 
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” ― Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds
#5
atom9
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Posted 26 July 2012 - 11:07 AM
Thanks guys. Every day learn something new from the excellent traders here. Wish you all good luck.
#6
atom9
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Posted 26 July 2012 - 11:21 AM
StillLearnin, my trade was more based on that we are still trending up on daily frame, post June 4, making higher highs and higher lows. That plus the Fed and ECB meeting next week, "hope" springs eternal.
#7
StillLearnin
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Posted 26 July 2012 - 11:43 AM
StillLearnin, my trade was more based on that we are still trending up on daily frame, post June 4, making higher highs and higher lows. That plus the Fed and ECB meeting next week, "hope" springs eternal.
Well that context im sure adds to that system nicely as well. And the combo is probably even better!
