Thursday, April 3, 2014

Choppy Day 4-3-14

Almost every market was choppy today except Euro had ECB announcement. Euro dropped $1. I caught a put sale under a weekly key level of 135 off 137 for 2 weeks. CL bounced within a LVA. I made a close call sale of 133.5 influenced by Verner1 when I twittered 133. Although my entry was above recent highs but it was not based on my rules and my type of risk parameter. This trade should be classified as a none disciplined trade. I will try to get out soon if I can break even or get a little profit.

Grains pretty much held their current pattern with a little up skew. I may hold my wheat exit over the weekend for further decay if there is no major move tomorrow. But there is a risk of reversal next week. I should get 680 and 705 out first.

ES touched a new high again and bounced back on a early afternoon sell off. One of my call sell order was exited but my 1905 is still in danger. It appears the market is expecting a positive job report tomorrow morning. I will wait to get in any indices position after the trend is clear.

No comments: