Daily Commentary - Posted on Monday, August 3, 2009, 10:47 PM GMT +1

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Aug Monday 3

Trading the Odds Takes a Short Break

I’ll be on a business trip until presumably Thursday and won’t have the time to update the blog and the stats, but Twitter updates during the sessions will probably continue. So Trading the Odds takes a short break.

Due to the fact that the market currently defies all historical probabilities and odds -especially on Monday’s session where the ES (E-MINI S&P 500) historically showed a statistically significant tendency for a poor performance on the high/low/close, based on those  setups which were triggered on last Friday’s close, but it did exactly the opposite-  probabilities and odds had and still have -more than ever for the time being- to be taken with a pinch of salt, so it seems the right time for a short break anyway.

Successful trading,

Frank

P.s.: I’ll regularly make some intraday updates as well using Twitter. If you’re interested in, please have a look at the blog during the trading session as well or subscribe directly to Twitter (recommended).

Disclaimer: No positions in the securities mentioned in this post at time of writing.


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