11/06/10



Entered long position on the reasons:
1) materials (the strongest sector) and financials (2nd weakest) posted higher highs;
2) $add higher high;
3) $vold higher high;
But, should note, internals were bearish w/ even 8 $ticks below 1.2k vs only one $tick above 1.2k.
The trade was fixed by take profit order placed right below previous sessions high.

06/08/10



Shorted on the back of the issues:
1) financials sector - the strongest - looked very weak;
2) tens of minutes before the entry there was strong VWAP breakout w/ fresh session $tick low. According to my past observation, that pattern was forerunner of the downside move continuation;
3) internals were in favor, bearish.

But against my short was bullish $vold. Nevertheless, I have fixed profit, as the market slided to the interim support level, that, in my supposition, could stop bears momentum.

Later, closer to the session finish, I have rushed into the second, long trade, cause normal bearish divergence, that have appeared on 3/10 oscillator was not confirmed by $tick. But against the position was bearish $vold and overall internals. The trade was fixed by stop loss order, cause bulls failed to push market in a matter I have bet for. Still, the day was finished w/ the sharp upside move.

07/06/10



Entered short on:
1) energies sector - the strongest - making lower lows unlike ES;
2) $add trending lower;
3) $vold trending lower;
4) bearish internals w/ 5 $ticks > +1k vs 8 $ticks < 1k and 1 $tick < -1.2k, plus $trin at 1.4.

The market have indeed slided sharply but only after small pullback that made me fix the loss bu stop loss order. The mistake was poor spread between open price and stop loss order level politic.
ES (S&P 500 E-mini futures) trading
by Meques Moscow Finacial