Jan 2, 2009

Happy New Year

I arrived back in Paris today... early in the morning. I was greeted with a light dusting of snow which I found strange after being in the warm sunshine of South Florida for the past two weeks.

Sorry for not posting much but I was having an excellent trip. Friends, family, presents and alcohol - love it.

Couldn't sleep a wink on the plane and crashed after an hour back in my apartment. Woke up right after the market opened, got my scanner running and waited. To be honest, I really wasn't in the mood to trade and after looking at the low volume my interest further waned. Blah, blah, blah... I didn't trade today. However, in between picking through bags and checking the charts, I missed this nice setup in the ES e-mini futures.

I love how price breaks through yesterday's high, then falls back down to the PDH and prints a strong, narrow range candle. The rest is history.




4 comments:

Anonymous said...

hey OO:
i am in sofla. U should have hollered. could have discussed all daytrading stuff.
BTW, last 4 days have been the best for in 6-7 months.
Nice set ups and all.
Sorry u left a paradise & now in freezing hell.

OONR7 said...

thanks anon - I'll let you know the next time. It's nice to hear there were good setups out in late December. Further proof that trading can happen at any time.

TL said...

Happy new year~ Glad that you are back after a nice trip. That chart is really beautiful. Where would you be out?

TL

OONR7 said...

tl: thanks. Since the entry was very narrow I would've been able to pick up a few contracts. The fib. ext. would've been a good area to consider scaling out. After that, and considering all the fib. levels price would have to work through... I would have considered R3 another solid exit point.