Hit The Bid: 2-8-2011 Tuesday

This blog.....

.....is for my daily homework and some journaling. Hope it helps any and everyone learn and make money. That's what we are here for....to manage risk and make $$$. Wishing you all the best, except when you are on the other side of my trades ;) Also there is a lot of code on this blog that many people have paid ridiculous amounts of money for, in some cases. So if you feel like the code on this blog is worth it throw a few bucks this way, we would appreciate it! I will also be posting some chart definition's for Investor RT. Thank You!

Tuesday, February 8, 2011

2-8-2011 Tuesday

Recap: The ES looks very tight this am, will be interesting to see if es can break 1320 at some point. Yesterday was another trend higher day. We gapped up and never looked back. We were contained by the 1219.50 CLVN and the 1311 CHVN. Expecting an inside day today.

Plan/Hypothesis: Expecting OAIR and, as stated before, an inside day. If it is an inside day, I will look to fade the edges. If we open above range, I will look to buy pullbacks. Opening below range is not probable, but will be ready for anything.

Quote of the day: "There are two great mistakes that a Trader can make. First, he can lose all his capital. Second, he can fail to take advantage of an opportunity" ~ Roy W. Longstreet.