Tuesday, May 02, 2006
Tuesday, May2
Tuesday sarted with a globex sell around 5:30 or so @ 1313.25. This trade actually went into the mony by about a point or so but the pivot area around 12.75/50 held it from dropping too far. Had a gap down to 8.50 so that was prominent on my mind. There were no 8:30 news releases so I though we had a good chance of closing it after the open. Left my adjusted stop in @ 1314 & headed off to the office. Dang es worked against me & took out my stop right after the open for -.75.
Next was an lohp sell@ 1313 at 9:53. THis was a mismanaged trade on my behalf because we dropped a full point & I failed to lower stop (only 1 car). the mkt chopped around a bit & I was very sure we were going to drop because the internals looked weak. But, as before, the 12.50 area held & soon it reversed direction & took out my stop @ 15.25 (had moved it up a notch) for -2.25 points. I also missed a warning sign, an holp signal that should have gotten me out at that point. Teq started experimenting with trailing stops as per ttm, & we started to use the 2nd prior candle +3 ticks.
Next entered a paper short @1314.75, & moved stops down as we went. At 13.75 we had an holp signal so exited, +1 (1 car). Started talking with teq about reversing at this signal during choppy markets. we may be on to something.
Another holp long hit @ 1313.50 & we rode it up with the stop trailing. Exited with stop @ 14.25, +.75
The bonds finally worked reasonably well today. Shorted @ 10615, took a pp @ 13, didn't get the reload & runner target hit @ 11 for +6 tick total.
Also during the doldrums the 5 min sq fired off so I took a paper long @ 12:45 at 1316.75. After some time of little movement, the histogram started to fade & I exited @ 17.25 for +.5 point. the 5 min sq ended not long after pretty much at the same place as my exit.
We had one more lohp short @ 1317.25 that worked in our direction down to a 16.50 stop out for another +.75.
The last trade was the 3:52 trade which I took short after a nice run up to 1318. THe trade looked promising at first but basically just choped around & I was timed out @ b/e
Totals: Paper +4; Real $$ -3 es points & +6 bond ticks for a b/e $$ day.
Next was an lohp sell@ 1313 at 9:53. THis was a mismanaged trade on my behalf because we dropped a full point & I failed to lower stop (only 1 car). the mkt chopped around a bit & I was very sure we were going to drop because the internals looked weak. But, as before, the 12.50 area held & soon it reversed direction & took out my stop @ 15.25 (had moved it up a notch) for -2.25 points. I also missed a warning sign, an holp signal that should have gotten me out at that point. Teq started experimenting with trailing stops as per ttm, & we started to use the 2nd prior candle +3 ticks.
Next entered a paper short @1314.75, & moved stops down as we went. At 13.75 we had an holp signal so exited, +1 (1 car). Started talking with teq about reversing at this signal during choppy markets. we may be on to something.
Another holp long hit @ 1313.50 & we rode it up with the stop trailing. Exited with stop @ 14.25, +.75
The bonds finally worked reasonably well today. Shorted @ 10615, took a pp @ 13, didn't get the reload & runner target hit @ 11 for +6 tick total.
Also during the doldrums the 5 min sq fired off so I took a paper long @ 12:45 at 1316.75. After some time of little movement, the histogram started to fade & I exited @ 17.25 for +.5 point. the 5 min sq ended not long after pretty much at the same place as my exit.
We had one more lohp short @ 1317.25 that worked in our direction down to a 16.50 stop out for another +.75.
The last trade was the 3:52 trade which I took short after a nice run up to 1318. THe trade looked promising at first but basically just choped around & I was timed out @ b/e
Totals: Paper +4; Real $$ -3 es points & +6 bond ticks for a b/e $$ day.
# posted by Trader X @ 6:30 PM 
