Wednesday, May 10, 2006
5/10/05 AM
g'morning all... In reality we wouldn't be trading this today as it is Fed day but we needed the practice so here we go. Also not on yesterdays congested session. As the day got worse before it got better my tendency was to override the rules and start changing things... sure enough as soon as I did that my results would have gotten worse. I wouldn't have stayed in the last trade that largely put us back to only -.75 on the day. I wanted to get out early instead of letting it ride like we did and making +2. I wanted to take the trade off at BE. Just goes to show you, you have to stick to the plan!!!!
We are looking for a reversal off the low of the open to go long for our first trade. Missed the short but we would have gone short at 2850, pp +1, stop 2750, Out +1pp, +1. +2 for trade
long 28 on reversal, stop 26, 2650, out -3
long 2775, stop 2575, 2625, 2650, stop 27, 2725, out. -1.
short 2750, pp +1, stop 28, 2775, out. +.75
long 2750. PP+1, out 2750. +1
short 2750, PP+1, stop 2750, out 26. +1.5
long 2425, PP +1, stop 2375, 25, 2725, out +1,+3. +4
Wouldn't normally trade this late in day but... practice, practice, practice..
Short 27, stop 3025, 2925, 29, PP+1, 27, 26, out. +1pp, +1 out. +2
+7.25 today
Trader X
We are looking for a reversal off the low of the open to go long for our first trade. Missed the short but we would have gone short at 2850, pp +1, stop 2750, Out +1pp, +1. +2 for trade
long 28 on reversal, stop 26, 2650, out -3
long 2775, stop 2575, 2625, 2650, stop 27, 2725, out. -1.
short 2750, pp +1, stop 28, 2775, out. +.75
long 2750. PP+1, out 2750. +1
short 2750, PP+1, stop 2750, out 26. +1.5
long 2425, PP +1, stop 2375, 25, 2725, out +1,+3. +4
Wouldn't normally trade this late in day but... practice, practice, practice..
Short 27, stop 3025, 2925, 29, PP+1, 27, 26, out. +1pp, +1 out. +2
+7.25 today
Trader X
