Mubarak gone; oil down, market up.

News has it that Mubarak has now left Cairo. Oil dropped a $1 pretty quickly and is still moving rapidly, regaining most of what was lost during the news reaction. Meanwhile ES hits new high and pulls back.

2/11 (+80)

Late start, entered, small stop, lost connection to data feed, scaled in and out, done. Took the early exit around .50 area after what I saw as some good resistance in the .53-.55 area based on earlier price action.

Have a good weekend!

2011 is here. 6 months since my last post.

I have been working on another project for many months now, which has come to an end recently.

I have been throwing the idea around of posting here on my public blog again, and decided to go for it this week, so let's get to today's chart so far:

I watched the open and waited, passed on the first pullback, and then got in where you see the arrows. I last exited around .40, obviously a little early, but got more than my daily on it, and honestly had more cars on than I normally do, and thus I gave in to the pressure. That 10 minutes seemed to last much longer. :)

Anyway, the primary idea is for you to look at your chart and setup to see if you can see similar entries, or if you were already in before me, and maybe even in after me. I added a BB osc indicator in panel 2 recently after a few trading buddies wouldn't stop talking about them. I am only watching, and not using to make trade decisions. I will most likely remove them soon.

Feels good to be writing here again. Hope to continue and get some good discussions going again.

Gary