Thursday, April 4, 2013

TJ 4-4-13

The markets were up over night and at open. It's b/e at noon after Ben's speech.  It's choppy so far and trading at lower side of yesterday's range. Looks like the market is just marking time and waiting for tomorrow's employment report. All 5 of my ES Sim trades were losses. Stop doing it now.

Corn and soy bean broke down at noon. My mini corn got stopped out and my pull back entry has not been filled so far. Missed my entry by 2 ticks. Have a SB short waiting as well. It looks like the train left without me. I am fighting my emotions of chasing them. There is always another set up and need to be patient.

ES breached overnight high and now is testing its low. All of my ES options have not filled yet. I will have to adjust my target in the afternoon to reduce risk of tomorrow's report.

I was only able to get out the 1500 weekly put and made some profit out of it. The others seam ok for now except the 1490 put with two week time left. ES is parked at middle at end of the day. It's ready for tomorrow's report to go either way.


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