Monday, May 08, 2006

5/8/06 PM

to continue this trade before lunch we exited at a loss on a reversal bar at 28. I wouldn't have taken this trade either but....
Now we are long from 28, stop 2725, PP+1, stop 2825, Above BE for total trade. Figures the second time today that I wouldn't have taken a trade and it is profitable again. You really can't trust your instincts at this game. Not yet anyway. Stop 2850, I was bored and needed to do something so I thought a 1/4 move would help. tightening stop to 2875, 29, 2925, 2950, out. +1pp, +1.5.

Short 2025, stop31, out +.25 as you can see below.

Here are the trades Rico finished tracking for me.

2:16 PM) enrico sepedo: am using top of 2nd prior candle to keep tight stop on shorts as mentioned earlier today
(2:17 PM) enrico sepedo: Stop is 30.75
(2:25 PM) enrico sepedo: tapped on the pp, but not sure if we would have a fill
(2:26 PM) enrico sepedo: stop to 30.50
(2:32 PM) enrico sepedo: got an holp rversal at 29.00; +.25 on both, long from there now
(2:33 PM) enrico sepedo: stop is at 27.75
(2:46 PM) enrico sepedo: stop to 28
(2:50 PM) enrico sepedo: another reverse to short @28.75, getting late (3:50) but will track
(2:51 PM) enrico sepedo: -.75 on both on the last one
(2:51 PM) enrico sepedo: stop is @ 29.50
(2:56 PM) enrico sepedo: 29.25 now
(3:08 PM) enrico sepedo: pp @ 27.75
(3:09 PM) enrico sepedo: stop to 29
(3:13 PM) enrico sepedo: out runner @ 27.50 @ 4:13 (time)
(3:14 PM) enrico sepedo: +1 & +1.25 on the last one

Rico tracked the rest of the day so here are the last trades
-.75, -.75, +1, +1.5, add the +1, +1,5 from first trade on this post, - the -.5 from AM and we were up 3.25 for day. Not bad!

Trader X

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