Friday, June 21, 2013

T.J. 6-21-13 Quad Witching Friday

It's been volatile for this Quad Witching Friday. ES tested a new low of 1570 and bounced on a trend line and a rumor of Fed may add stimulus if needed.

I was lucky again on getting out this week's 1585 and 1565 overnight since it's a quarter end Friday and the ES options stop trading at 9:30 am. I took a small loss on 1585 and gain on 1565. It's a profitable week over all. I shouldn't play my luck like this again. Be patient and obey my rules. Wait for the price come to me. One thing may help me to look at both trees and forest for the context is not to guess too high or too low, rather to rely on market generated information such as price actions. etc...

No comments: