September 29, 2009

Challenging day to say the least given our setup strategy. Good thing about our setups is the relatively low exposure to risk and the ability to capture big gains. Market just did not provide us with either and ended up with a small loss. (-1.25 pc). Frustration set during the day when a target was hit but not filled and reversed and exited our trade with a stop out. It's trading and will happen from time to time but that still does not make it any easier. More convinced that using MIT orders will be the way to go. You give up a tick here and there but they save you over the long haul, not to mention lock in profits on a trade that has hit target. We continue tomorrow.

September 28, 2009

Unexpected trend day up. Another reason not to have a bias. Implmented plan effectively and captured 5.50ES p.p.c. with only 2 setups. Will take it going into Tuesday. Curious if they hold these levels with minimal pullback. Until the market tells us otherwise, we lean long on pullbacks, including the scary ones. Hope all had a good trading day and caught some of that a.m. move.

September 25, 2009

Shortened session for the group with a +3.25 on one trade and two b/e results. Setup#2 to be the primary focus going forward starting next Monday. Easy to learn, easy to teach, good transparency and only requires 1 contract, for which we report on. Multiple contracts will just have the same results exponentially which is easy for member adminstration and compliance. Looking forward to the new TWC!

September 24, 2009

Very nice trending movement in the markets. Traded minimally due to other obligations. Took the 1-0 +4.5 and booked it. Trading tomorrow will also be limited with next Monday back to normal trading activity.

September 23, 2009

Overall extremely dissappointing trading. Not reflected in the journal per-se but missed tremendous trading opportunities on the board. Trading remotely and had limited charts and a DOM. Decision to only trade market profile setups due to limited data feed. Resulted on one of the biggest trend days (both ways) in the past 3 months. Will accept as part of trading and move on...I hope.

September 22, 2009

Few valid trading setups with potential target in site. Good move since they would have results in some breakeven or slight negative results. Selectivity was the theme for today. Two trades only going 2-0 and 3.00 points per contract. Expect similar cautious trading until fed decision due out at 2:15pm EST tomorrow. Trading with confluence and caution.

September 21, 2009

Interesting waves to start the trading week. Lots of almosts, ticks from targets, etc. Still ended up with a +4.25 day per contract. Can't complain for a Monday. Still agitaged that the runners came so close. Until tomorrow.

September 18, 2009

Always difficult trading options-ex. Combined with protecting the weekly green, we kept it extremely light today. Managed 1.75 pts per one contract. Can't complain given the circulstances. The setup of the day came at 3:50 PM est. - 10 min prior to the close. Would have managed a 5 pt target trade. At minimum, gives us confidence for Monday. Good weekend all.

September 17, 2009

Nice volatility with good opportunities abound. Fib numbers still working well as confluence now that the markets have nice flow. Will continue to use them more promiently as a confluence with our setus until the market tells us otherwise. 4-2 with a 3.25 pt gain per average contract. 4x witching tomorrow so may keep it light and trade the ranges once the expiration and IB have been completed. Note to all: please stay out of trouble tomorrow.

September 16, 2009

Short trading day today. Reason twofold. Prior committments this afternoon and most importantly - daily target hit. +5.00 per contract. Nice way to bounce back from a slight losing day. Continue long bias until market tells us otherwise.

September 15, 2009

Difficult to get any traction on today, particularly in the afternoon session. Will take a -4 pt giveback into tomorrows session. Market continues to make new highs in the auction. Will continue our bias in that direction until otherwise advise by market profile. Have a great day!

September 14, 2009

Extremely lethargic price action after the 1st hour. Managed to get two brief trades in the muck with a 2-0 result. 3rd attempt ended up in a scalp gain. Any Monday gain is a good gain. PPI tomorrow.

September 11, 2009

Slow price action this afternoon but still managed to catch a 4-1 trade total within scalp mode. Market profile served better in earlier days this week so the move to scalping was proven a successful strategy. Good to see $TICK fades as confluence back working well after the summer.
Have a great weekend all.
M.Toma. Dir. Risk Management, TWC

September 10, 2009

Market continues to buy on any weakness and the bias can only continue to be long until proven otherwise. Market profile setups were minimal and for the most part kept us out of trouble. Lots of swings in the that caught us for a few stop outs which were mitigated in the pm session. Taking the small loss to offset the earlier week's gains. Just a dent. Staying out of trouble tomorrow. In protect the green mode.

September 9, 2009

THE CRAZY TRADING DAYS ARE BACK! Today, without question, confirms that the volatility is back in the markets. runnup of over 13 points in the ES only to be followed by a 6 point fade at the highs with lots of longs getting trapped. Leave it to the market to shake them out and resume the upswing late in the day. Market profile setups worked well and even some fib players would have managed their own. Taking 7 points conservatively for each contract traded.
Welcome September!

September 8, 2009

Sloppy trading action all day and little room for any recognized swing trades. Losses were kept small which was the key to today's trading. Small net gain of 1.5pts for this Monday and look for more larger runs throughout the week. Any green on Monday is good green.

September 7. 2009

Markets closed today. Semi-session in ES futures closed higher on Monday anticipating follow-thru higher at pre-market Monday night/Tuesday morning.

September 4, 2009

No trading today due to anticipated light volume and unpredictable jobs report. Preparations all set for start of larger timeframe adjustment to TWC setups. Greater results transparency will go in effect as per member suggestions. Looking forward to a great ride. Great weekend all.
Michael Toma, Dir. Risk Management.

September 3, 2009

Interesting trends today with the move pre-market, drop down to yesterday's VAL and following some chop, a short covering rally. Moves like this will tend to nice gains starting next week when the strategies move up to a higher timeframe in an effort to capture more runners. Gold continues to push ahead towards their journey to 1000.

September 2, 2009

$ES volume really dried up in the afternoon session so most of the trades were completed before the chop fest in-between value areas. Impressive result too: 4-1 with the only loss being a modest 3 tick stop-out. Protect the green mode to Thursday's am session and consider the rest of the week an opportunity for paperwork.

September 1, 2009

Welcome September and may the volatility begin! Lots of price movement and just followed the H-A's down. Biggest error was taking profits a bit early but will take the 8.5 pts into Wednesday. So tempting to take an overnight bounce into value. Will pass on it.