Tuesday, April 25, 2006
Monday 4/24 & Tuesday 4/25
Monday was the first day after options expiration and was quite weird in the es. The put/call fluctuated and was not reliable still. Took me a while to realize this, after I heard a faint voice (teq) in my head warning me last week before he left on vacation to watch out for this very thing on Thursday through Monday! Paper trades were 3 breakevens, a + 2 and a -4. All were holp/lohp trades except for 1 5 minute squeeze. The market just was not conducive to trading today. The bonds did work, however, and the new system worked to some extent. I entered short @ 107 31, pp @29 for +2 ticks, reloaded 1 car @ 31, pp'd again @ 29, then exited the runner at the full +4 tick target. The net on this trade is the same as if I had just left the 2 cars run to the full 4 ticks. However, after the last 2 weeks I wanted to work my new system to lock in as much as possible. I am considering trading with 3 contracts, and taking 2 off at 2 tick intervals, reloading them if possible and letting the runner go to the full profit target. Will have to noodle this scenario through a bit more. So the totals for Monday were +8 ticks real $$ in bonds and -2 points in the es.
Tuesday I was not able to trade from 8am on but was lucky enough to catch a globex trade from Fooser, long from 1314.25. I had just gotten up & fired up Tradestation at a few minutes after 5 when I noticed Fooser's call. My indicators on the 3 & 5 min charts were just starting to indicate a long so I jumped in with him. It took a while as globex trades tend to do but all of the indicators were pointing up & we rode it up to 16.00 before being stopped out for a 1 .75 winner. Not a lot but I will take it, especially after last week. After reviewing the charts it appears that the bond trade would have worked nicely & quite possible would have been a repeat of Monday, 1 pp, a reload, a second pp & then the exit at the full 4 tick target. Oh well, we'll look to make some green with it tomorrow. The charts on the es did not indicate much opportunity for profitable trading with t he exception of 1 possible holp trade in the afternoon for 4 points.
Tuesday I was not able to trade from 8am on but was lucky enough to catch a globex trade from Fooser, long from 1314.25. I had just gotten up & fired up Tradestation at a few minutes after 5 when I noticed Fooser's call. My indicators on the 3 & 5 min charts were just starting to indicate a long so I jumped in with him. It took a while as globex trades tend to do but all of the indicators were pointing up & we rode it up to 16.00 before being stopped out for a 1 .75 winner. Not a lot but I will take it, especially after last week. After reviewing the charts it appears that the bond trade would have worked nicely & quite possible would have been a repeat of Monday, 1 pp, a reload, a second pp & then the exit at the full 4 tick target. Oh well, we'll look to make some green with it tomorrow. The charts on the es did not indicate much opportunity for profitable trading with t he exception of 1 possible holp trade in the afternoon for 4 points.
# posted by Trader X @ 5:49 PM 
