Thursday, February 18, 2010

Thursday, February 18, 2010

February 18, 2010Recap: Interesting price action for a change with the ES piercing that 1100.00 level to close at the highs. Smooth price action around key pivot points allowed for relatively good trading and thus good results. Key trade was a trailer hold thru the 1100 area. A daring move with a breakeven stop but only 1/4 size on the trailer allowed for a good risk reward.Protect the weekly green mode starts on Friday with the CPI results at 08:30. May be overshadowed by the surprise discount rate hike after the close. Globex trading to be reported on Friday's official update.

08:26   S 1098.75  +1.75
10:45   L 1097.00  -1.25
11:43  L  1093.50  +1.50
12:02  S  1096.75  +2.25

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