Friday, October 30, 2009

10/29 Daily Summary

Another pretty busy day in the markets, I've highlighted the 1+ st. deviation days, and one can see we have had a pretty busy past couple of weeks. Looking at the price action chart it is easy to spot we're trading some choppy waters for sure.

Position's Details
10/29 RUT Iron Butterfly
10/29 MNX Iron Butterfly
10/29 NDX Iron Butterfly *Paper*

Price Action & Forecasts:

10/29 NDX Iron Butterfly *Paper*

I've decided to test a 20-day iron butterfly on NDX, my goal is to start experiencing with a larger-sized position, for this particular trade, I'll keep the deadline for the profile curves as 11/13.