Considering taking the day off from trading. Employment number report, summer Friday volume and choppy price action...you name it. Turned out to be great price action. Smooth entries and little heat on stops. Took longs on the way up and shorts on the way down. Breadth showing weakness and Goldman Sachs hitting new lows was a tell that this 200 point Dow rally had some signs of weakness. Didn't want to jump in front of a train, but would short on high probability setups. Results were a 4-0 day and target points for day. And to think I wanted to relax on the beach. Perhaps I'll do that next Wednesday during FOMC announcement day.
One last note: all four trades were from market profile signals. MP has been red hot of late.
Great weekend all!
Friday, August 7, 2009
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