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Morning Trade

I'm trading the December contract of the S&P 500.

Buy 1539.5 AND 1538.5. Target 1551 Extended Target 1554.(Please note 1554 is a high probability today .According to my model it was expected yesterday so plus or minus one day is close enough for government work.)

Stops @ 1537.00

Comments

Spoos Trader said…
Stops clipped.

I will re-enter on stops.

Buy @ 1538.5 AND 1539.5

Stops 1537.25
September 28, 2007 at 10:46 AM
Spoos Trader said…
Didnt get a big bounce

+3pts from buy 1539.5

+4pts from buy 1538.5
September 28, 2007 at 3:52 PM
Spoos Trader said…
Stops hit

-2.25 pts from sell 1544.5
-1 pt from sell 1545.75
October 1, 2007 at 10:06 AM
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Morning Trade

I'm trading the December contract of the S&P 500. We have what I term "a split open" so the morning trade can be a long or a short.I take which ever comes first.Please note "a split open" comes with extended targets so I generally carry a small position for the extended target. Buy 1535 AND 1534. Target 1541 Extended target is 1544 (Please note 1554 is a high probability today .According to my model its expected tomorrow so plus or minus one day is close enough for government work.) Stops @ 1552.75 OR Sell/Short 1544 AND 1545 target 1544.75. Extended target is 1528 Stops @1547.25 Take which ever comes first!
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