Tuesday, May 02, 2006
Monday, 5/1 First Day of May
Monday started actually on Sunday Night. We had closed out the day friday with the p/c above 1 so I felt sure we would see some erosion over night. I shorted the es @ 1318.25, put in a 2 point stop & hit the hay. Upon rising Monday morning, there had not been much movement so I exited with +.5 points.
No bond trade again as the bonds were unusally quiet during the doldrums.
Did a paper trade off an lohp signal @ 2:08 @ 18.75, yes only paper. es droped like a stone to around the 11 area & my stop was finally hit @ 13.75 for a 5 point winner. Dang, I needed that one for my account too!
Lastly, I did a paper trade on the 3:52 setup @ 1310.25 because the last 1/2 hour move up had retraced about 50%. This is a good thing to note because the trade went against me (I went long), & I was stopped out @ 8.25 for -2 points.
Totals: Paper net +3; real $$ +.5.
No bond trade again as the bonds were unusally quiet during the doldrums.
Did a paper trade off an lohp signal @ 2:08 @ 18.75, yes only paper. es droped like a stone to around the 11 area & my stop was finally hit @ 13.75 for a 5 point winner. Dang, I needed that one for my account too!
Lastly, I did a paper trade on the 3:52 setup @ 1310.25 because the last 1/2 hour move up had retraced about 50%. This is a good thing to note because the trade went against me (I went long), & I was stopped out @ 8.25 for -2 points.
Totals: Paper net +3; real $$ +.5.
# posted by Trader X @ 6:16 PM 
