Randolph Capital Trading Management is a web site designed with traders in mind. Here, you will find charts, commentary, video's and general idea's related to the market on whole. This site is also a record of 'some' of my trades (not all) and any interesting charts that I may come across. Enjoy.
Sunday, March 15, 2009
This blog is being updated mid-stream and I've been quite busy lately. Here are some current positions and their entry's.
First one is the ES... took a short at 751 Thurs. afternoon. We went as high as 758 after hours. Took a 4 point gain as the action Friday was still quite supportive of a move up. I will reshort at 767 again.
Long term, I'm looking much lower. The moves over the last several days/weeks have been classic bear; slow, painful and even apathetic with violent moves up. We did a 13% move off the bottom (665) in the S&P in 3 sessions.
In the above image, I took on this position as it appears the gaps have now been filled on the retrace. There is a bearish engulfing candle on the 23rd of Feb. (or thereabouts) and a 50% fib retracement at 767 off the 665 level.