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Wednesday, April 13, 2011

SB futures short entry

Shorted /SB. Trading it on the hourly chart. Hourly trend will probably keep going. Daily s/r is far away and 5 min chart has a big trend that is intact. I made a couple of daytrades on sp500 futures, made 1.25 pts on one and lost .25 pts on another.


Right now many international etf's are looking about the same. Some times different regions trade about the same. This makes it less interesting to me. It becomes harder to find what im looking for. If i could get more comfortable with trading the sp500 futures on a daily chart, then switching over to the hourly chart when the daily is not trending, then i would do that. Just knowing one chart, the SP500 futures, would be nice. Instead of just ignoring it while there is no strong daily trend, i will try to trade hourly trends on it. SP500 futures look like they could be setting up for a nice drop. I will look to short it below 1300.


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