Tuesday, March 24, 2009

[Position Update] First Retracement Point Reached

ES did not reached the first retracement point (801.25) until almost closing. I am hesitate to initiate a long position near market close.

As for trading today, after I close out the short term short position, I only scalp using YM. As for the short call, the profit is getting attractive and I am tempted to cover the position if I can buy at 21 tomorrow.

Positions: -1 ES 810 Call (33)

No comments:

Post a Comment