Hit The Bid: 2-4-2011 Friday

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!

Friday, March 4, 2011

2-4-2011 Friday

Recap: Slow melt up yesterday. Overnight session was flat until the early AM then we started to grind up until NFP. Then the market went nuts and we've been selling off ever since.

Plan/Hypothesis: If we open within yesterday's range, I will look to sell rallies and potentially go for the gap fill at 1313.75. If we open above the range, I will look to do the same, but not look for as deep of a pullback. But, as always, we will be ready for anything.

News:

Employment Situation