Long CAD

0.9380

*edit* - made some good trades here today - but the CAD is still weak - all these currencies seem oversold but the game is to play it tight.

Long AUD

0.8237

*edit* took some 0.8285 off to pay for the stop... trailing up the rest.

Long 1090

took some off at 1096 - pay for the stop.

*edit* stopped on this... made some good trades on this today... didn't expect the weakness but it looks like 1092 and 1117 are the 2 spots above. Down below is a crap-shoot - probably 1040 and then to 900/925 in the intermediate term.

J

Long ES 1106.5

Also long the Euro - 1.216

*edit* - covered the Euro +2 !

Covered ES 1120.

Covered most 1126 to 1128

+40.

Covering most right in front of the Sunday night open... saving a bit in case we repeat last Thurs.

Selling - 1139, 1145, 1155, 1163 as possible additions, but I doubt we get there.

J

So far so ... better.

I guess we have to see what the Euro does overnight... doesn't look pretty.

Short 1167

*edit* added overnight in the 1170's. Added more at 1167 and covered some at 1155 (S2). Will trade around my average price of 1167.

Black Thursday

May 6, 2010 S&P Call: Ben Lichtenstein www.TradersAudio.com/index.html from Frank1970 on Vimeo.

Long C

This is from Friday - $4.00 average price for a short term trade.

*edit* exit off the open - $4.35

Short 1137

Will add 1155 to 1160 with size.

*edit* filled 1155-->1160. Full position short in the low 50's. May trade around this to better my price. Stop on close>1177.

The key concept is the difference between liquidity and volume. After Thursday, flashing false size is probably going to be taxed at some time in the near future... some kind of fee to cancel orders.

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short 1201.5

*edit* covered 1160