October 16 & 19, 2009

No trades today. - outside work. Hypothetical backtested results -1.50.

October 15, 2009

No executed trades today. Hypothetical goal for today's price action : +2.00

October 14, 2009

Early day today due to afternoon committments. One am trade with a 2.25 winner. Technical setup should have rewarded those 4.50+ points for those with patience and availability.
Will monitor setups in after hours for the next 3 business days.

October 13, 2009

Interesting day with low volume but tradeable swings if one had lots of patience and did not cave in on probes...and there were lots of them. Total of 6 trades, a bit much for our style, but 4 needed to be scraped at minimal loss or gain. Two runners accounting for 5.50 ppc. Nice way to end a short week for the group. Morning session only tomorrow and travel thereafter.

Note: will provide simulation results for Thurs/Fri/ and Mon. Pls check in daily!

Monday, October 12

Holiday trading volume and range. Managed a breakeven after 1W and 1L. Reminder to self to not trade next Columbus day. Too thin volume. Move into Tuesday.

Note: No formal trading on Thurs, Fri, and Mon. Oct 15-19 (travel)

Friday, October 8, 2009

Horrific price action ala day before July 4th. Only difference is it the day before Columbus holiday. Futures markets will be open on Monday but it appeared the pit boys went home early. Only two trades today and one of them pre-market. Fib confluence acting very well of late, particularly since the CME unbundling of tick feeds and our modification to a 1280 tick chart. Will continue to do so as long as the results are still there. Backtest showed our original 512 tick chart proved more erratic since the CME change. Will take the 2-0 and 3.25 ppc to the books on an underperforming but positive week.

October 8, 2009

Abbreviated trading day but managed two setups, for a 1-1 w/l with a +3.00 ppc. Early loss followed by an initial target of +5.00. Fib setups really working well and considering greater weight on such intra-day confluence.

October 7, 2009

Normally, 'inside' days where price action is contained within the previous days range is not beneficial to most of our setups where we attempt to take advantages of trends. This day was no exception however we kept our trades close to the vest and managed a slight -2 ppc. Usually inside days are followed by wild trend days and the early futures are already indicating such. Looking forward for some nice ranges tomorrow and as always, sticking to the plan.

October 6, 2009

Certainly get the feeling of chugging along the mountain with these markets. Challenging price action and the victors are the ones who put emotion and bias aside and just trade the setups. Booked a standard 3 points per contract however risk reward would demand slightly higher results. Need to see more of those +5's and +7's in the long run. We continue to forge ahead into the trading week with earnings season kicking off with Alcoa.

October 5, 2009

Whipsaw day to say the least. Managed to squeak out 2.5 pts. per contract but it certainly was easy or pretty. Had to double check account after hours just to be sure it wasnt a minus 2.5. Either way, its in the books and we'll take it into Tuesday.

October 2, 2009

Nice way to end the week. All started pre-market with a trend short after the horrific employment rate number. (Good to have set targets as as rule during pre-market). Reversal long setup shortly after the open. Some chop the rest of the way thru resulting in a +6.25pts per contract. Excellent way to end the week. End of week results +15.50. ppc.
Great weekend all.

October 1, 2009

Crazy way to start Q3! Lots of chop and shakeouts but could have been worse. Will take the b/e less commissions on a day that should have been a very profitable trading day. Sometimes the exit rules just clip you out and it happened twice today. Rules are rules and they are there to protect you, however sometimes it prevents gains. Move to unemployment Friday with protect the green mode fully in place.

September 30, 2009

Wild day in that the morning session allowed us to grap 7pts on that 14 pt runner. Some other 2-3 point trades were nullified by one of our larger stopout. Will still take the points on the last day of the quarter. Consider it our own personal window dressing.