Saturday, December 19, 2009

Review of Options Exp Friday

Posting here from my Log Cabin in the middle of the Mountains, cold as hell outside. My traditional wood burning Fireplace is running full throttle.

The First Hour High 1099 is not shown in the chart picture and it was only half a point below the Previous Day-High ( HOD )

The Gap fill probabilities was 63% for the particular Market Conditions. The Pivot was just above the Prev Close at 1095. The key to the gap fill trade was the Bearish Pin Bar formed after a rejection of the Confluence Resistance Power Zone and the fact that it opened above the Prev VAH ( see chart pic ) which was a no brainer.

No comments:

Post a Comment