Thursday, May 11, 2006

5/11/06

If I had been up early enough we would be short
8:15,short 2825, stop 31, PP +1, stop 28, 27, 2650, 2575, 2475, 2425, 2350, 2325, out 2325. +1pp, +5. +6 total.

Short 2050, stop 2350, PP +1, stop 2175, 2050 just to cover, 1950 before bar close, 1925, out.
+1pp, +1.25, +2.25 total

short 1675, stop 1950, 1850, PP +1, stop 18, 1675 BE early, 1650 high of this bar + 1 tick stop, out. +1pp, +.25, +1.25 total trade.
Next! Market drops are lessoning now. I will be more careful on signals. I reality I would stop for day or morning at least.

Short 1525, stop 17, 16, PP +1, stop 1575, hgh current bar +1 tick, 15 BE Plus 1, 1425 back to 2bar +3, 1375. out 1350. +1.75
+1pp, +1.75, Total +2.75.

I ignored several long signals here because the trend is down so why bother?

Short again1225, stop 1475, PP +1, stop 12, reversal and confirm at 1175.
+1pp, +1.5, Total 2.5.

Long at 1175, stop 950, PP +1, 10, 1125, 1175 out. +1pp
+1pp, Total +1.
Short 1125, stop 1350, 1325, -2 on both
total -4.

Long 13, stop 11, 1175, out,
-1.25 on each, total -2.5

Short 1150, stop 1375, PP+1, stop 12, 11, 1025, 975, out 975
+1pp, +1.75, Total 2.75

+12 for day I believe! Not bad. About 2/3 of market points we got.

Trader X

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