Monday, May 08, 2006

5/8/06 AM

We had a nice run up on Friday so today may be a consolidation day or a continuation, or a retrace. It could also stay the same. I think that about covers it!

2925 long, stop 2725, stop 28, PP +1 at 3025, stop 2850, 2925 BE on last 1/2 now, reversal bar with confirm close out and reverse at 30. +1pp, +.75

A side not today. I'm running stops a little tighter than usual because of the consolidation nature of the market today. I may not let wait 2 bars to start trailing and I might not always use +-3 ticks.

Short 30, stop 3125, 3075. out 3025 and reversed on reversal bar and confirm. -.25 on both

long 3025 stop is 29, out and reversed @ 2950. -.75 on both.

I wouldn't have taken this next trade IRL. I am tracking it only to be consistant. Of course it will be the big winner of the day.

short 2950. stop 31, 3050, 2975, PP +1 at 2850, stop 2925 BE on last 1/2, Almost a reversal bar but not confirms. We are in congestion now. Stop still 2925, stop 2850, Reversal bar and confirm exit and reversal at 2825. +1PP and +1.25

Long 2825, stop 2625, 2650, out 2750 on reversal. -.75 on both.

short 2750, stop 2875, out 28 on reversal bar. done for AM -.50 on both

We are -.50 for all of the morning, and make money on the trades I had lowest confidence in.

Trader X

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