Tuesday, April 9, 2013

TF trading

The overnight TF trade worked out nicely. I posted a setup this weekend that the 930.8 level was significant resistance. So I got short there overnight. We traded in a tight range overnight, and this morning, we pushed down hard and I covered for a nice gain.

On another note, I shorted ES 1555.5 yesterday and took a 57.5 stop, at the same time I had 2 TF scalps for 1 pt each, so that worked out neat. I'd much rather take a 2 pt loss than hold a large loser overnight and hope for morning's action to rescue me.

Finally, I've bought some FDX 92.5 calls expiring next week here. Lets see how that works out.  

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