Friday, August 27, 2010

Now Market Initiates its Move Higher

After running the entire range in a little over 60 minutes, market now shows strength and makes new highs.

I am taking advantage of nice volatility to scalp the market today. I am taking a short scalp from 1056.75 at the moment... just looking for a couple points.

I will look to get back into my swing long position if we tick down enough, i.e. back into the 1040s...

3 comments:

  1. Its already going against me, the scalp, will add to the short at 1060-1062

    ReplyDelete
  2. scratched the scalp at 1056.50, may still go down from here, but 8 MA (on 10 min time frame) came up and met price action, so I decided to get out at even. I've seen it bounce up in these cases far to often, didn't want to stay in

    ReplyDelete