Thursday, April 27, 2006
Wed. 4/26 & Thurs. 4/27...FINALLY some GREEN!!!
Ok, for any one who might have possible stumbled on this insignficant speck of a blog in the universe of the internet and wondered if I was ever going to make any dough, well, it finally happened!
Wednesday was a very nasty trading day in the es. Had a very tight range and none of my signals worked well. Most of the time when an holp/lohp would trigger the market would move too fast & not come back to my entry. Had one b/e lohp paper trade in the morning, short @ 1312.50, pp @ 11.50, then stopped out at the b/e of 13.50.
Did have a paper long holp @ 1308.75 @ 3:56, pp @ 9.75 @ 3:42, then stopped out @ 8.75 for a +2 gainer. Also did the 3:52 reverse that timed out for a measly +.5. Total paper trade was +2.5 which was not bad considering the market action.
Thursday started out so-so. Was watching the globex early & waited a little too long to react to the long signals I saw on the 3 & 5 min charts. Finally put in an order to buy @ 1303.75 & got long @8:00. Left for the office & was still in that area when I got setup there, only to be stopped out a few minutes later @ 1.75 for a 2 pt loss. Kept watching tho as I thought we might see a gap close today being thursday (82% success) & nearly a 6 point gap to close. Got long on a perfect holp setup @ 1301.50 & then watched as es finally worked in my favor & ran all the way up to the gap close & beyond. I tightened my stop & was taken out @ 9.50 for a +8 point score....YEEAAAAHHHS!!!!!
Bonds were also working better as I entered long @ 106 25, pp @ 27 & out the runner @ 29. No oporunity to reload today but happy anyway...+6 ticks.
Had another holp buy @ 1315.25 @ 2:35 and exited as the mkt came back to my elevated stop out 2 17.25 for a 2 pt gainer.
The last trade of the day was an attempt at the 3:52 trade. Th mkt had sold off over the last 1/2 hour so I went long @ 1315.75. After some girations, went as high as 16.75 briefly, then came back & took me out at my elevated stop @ 14.50 (musthave put in the wrong #?). So, all in all a very good day, +8.25 points on the es & 6 ticks on the bonds. Sweet!
Wednesday was a very nasty trading day in the es. Had a very tight range and none of my signals worked well. Most of the time when an holp/lohp would trigger the market would move too fast & not come back to my entry. Had one b/e lohp paper trade in the morning, short @ 1312.50, pp @ 11.50, then stopped out at the b/e of 13.50.
Did have a paper long holp @ 1308.75 @ 3:56, pp @ 9.75 @ 3:42, then stopped out @ 8.75 for a +2 gainer. Also did the 3:52 reverse that timed out for a measly +.5. Total paper trade was +2.5 which was not bad considering the market action.
Thursday started out so-so. Was watching the globex early & waited a little too long to react to the long signals I saw on the 3 & 5 min charts. Finally put in an order to buy @ 1303.75 & got long @8:00. Left for the office & was still in that area when I got setup there, only to be stopped out a few minutes later @ 1.75 for a 2 pt loss. Kept watching tho as I thought we might see a gap close today being thursday (82% success) & nearly a 6 point gap to close. Got long on a perfect holp setup @ 1301.50 & then watched as es finally worked in my favor & ran all the way up to the gap close & beyond. I tightened my stop & was taken out @ 9.50 for a +8 point score....YEEAAAAHHHS!!!!!
Bonds were also working better as I entered long @ 106 25, pp @ 27 & out the runner @ 29. No oporunity to reload today but happy anyway...+6 ticks.
Had another holp buy @ 1315.25 @ 2:35 and exited as the mkt came back to my elevated stop out 2 17.25 for a 2 pt gainer.
The last trade of the day was an attempt at the 3:52 trade. Th mkt had sold off over the last 1/2 hour so I went long @ 1315.75. After some girations, went as high as 16.75 briefly, then came back & took me out at my elevated stop @ 14.50 (musthave put in the wrong #?). So, all in all a very good day, +8.25 points on the es & 6 ticks on the bonds. Sweet!
# posted by Trader X @ 6:33 PM 
