SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Chip McVickar who wrote (213)11/15/2000 1:15:04 PM
From: Patrick Slevin  Read Replies (1) of 12411
 
Been focusing on the SP all day, El Bondo never came near my Entry Point.

Well, it came near my early Entry Point. I had figured on Long at 99^27 and 99^20. I dropped to 99^29.

San Francisco, (Swiss Franc) just dropped away. My Entry Point was there for me in the overnights but once regular trading started it never recovered for the Sell. Was watching the Yen for a Sell as well, and Crude for Long but neither gave me a shot.

So, been trading SP. Two fast scalps and a Long from 90. I enjoy trading FOMC day, it's a day that most sane people avoid but I have this gambler's streak, I guess. Right now I'm 10 points to the good plus 4 and change off the scalps so Risk may not be much of an issue. Not enough nerve to trade more than 1, 2 lots and the Long from 90 is only one.

I figure mixed news off the FOMC would see a swing of no more than 6 to 12 points and then it stabilizes and finds direction. So if the sucker can hit, say 1406, by 2:13 I'll be somewhat safe.......or at least as safe as you can expect with FOMC news.

1401.50.....1150 points. Nice Market, Good Market, inch up a little higher for Paddy now......

Geez, I'm talking to a market. Definitely need a break from this.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News