Friday, May 3, 2013

T.J. 5-3-2013 NFP Pop

The US NFP report came out this morning much better than expected. Futures gaped up and reached over 20 points on ES. Two of my pending orders of 1620/1630 for the next two weeks got filled and run over. I can't believe I didn't adjust them last night while I was setting grains options. It must be a procedure to review any pending orders the night before.

EW is still irritating me or I am just not firm on my target. I kept adjusting it up and down with fear and greed. The price moved up overnight and fall hard at the open. I am sitting on only half of the gain now. 

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