Archive for October 5th, 2007

5th October – S&P emini trading – fantastic opportunity (just not for me!)

5th October - S&P emini trading - fantastic opportunity (just not for me!)

Hi All, Today I was able to watch the market from 2pm. The non-farm payroll came out at 1.30pm and cause the market to shoot up.. however, it hit a resistance of 156475 and then just started to head lower bouncing around the levels 1556100 and 155000. These were the tops of the days on the 1st and 2nd of October. I was looking at these as an indication of how to trade. Anyway, my first trade was a long above 156100 after the markets had opened. The market looked like it had found a base at

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