Dec 12, 2008

Friday's trades - 12/12/08

Very quiet today and actually no equity trades at all. Just one futures trade that I wish had moved just another 1/2 point or so in my favor so I could've had a nice day. Instead, I decided to ride the pullback out and ended up giving back a lot of profit.

Entered on a break of the 12:30 bar high as price confirmed PDL as support. Target exit was the 38% retrace from yesterday's low but it just didn't make it there. Missed a later entry (red arrow) as my son wanted to play Pokemon cards. Thanks son.





6 comments:

Jamie said...

Futures were really tough today. Like you, I was trading the Dec. contract, but noticed EOD that there's more volume moving into the H9 contract.

OONR7 said...

yeah... I was about to move over to H9 yesterday but decided against. Thanks for the heads up.

Richard said...

FYI The convention is 8 days before contract expiration, most volume moves to the next month. The december contract expires next friday, so on Thursday the 11th we all moved to H9.

OONR7 said...

thanks Richard.... hadn't traded futures with much regularity to understand the nuances. Also, what happened to ER2? I noticed that gone a few months ago.

Richard said...

ER2 moved to the new york ICE exchange, and is under the symbol TF now.

OONR7 said...

yeah... cuz TF totally borrows from the name Russell :) Big thanks for that clarification.