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Trading Day Prep Work
Dow mini trading results - 03/14/07
The YM started the day off with a continuation of the daily sell signal triggered on
Monday. It took out last weeks lows and dipped the Cash Dow below 12,000 before
forming a "V" bottom and rallying into the close of the day. The range came in at
200% of its 20-day average and close within a single tick of its high.
I missed the morning selling with my new Wednesday schedule but made it in for
the first 100tic buy signal after the DZ. It was one with separation and almost went to
my target right away but fell short and actually came back to my entry before picking
up the rally again. In hindsight it would have made two good trades had I not targeted
so much. My target was the MC on the 2500tic chart. I trailed the trade outside the KC
at start and then slip it to the trend filter once it got going. That was my only pure
system play of the day.
I have been working one on one with a number of people over the last few weeks
and in the process have been testing a new conferencing software that will hopefully
allow us as a group to get onto the same page more easily. It seems to have
accelerated the learning curve a good bit for those who I have been working with,
particularly those who use different charting packages than I do or need really
fundamental help on reading market activity. The software isn't perfect but hopefully
through the continued testing I am doing in the next week or so I will be able to work
out some kinks. Thanks again to those who have taken the time off their trading to
help me test this out. I will post something to the group when I roll it out for real-time.
Its been a pretty good week so far and I am glad. Its expiration week with FOMC next
week so I am glad to get ahead of schedule before it gets slow.
(Here is the prior Post).
Results: 1 Trades Date: 03/14/2007 Gross Points This Week: 95 YM
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13:39
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L
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12131
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14:31
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12192
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+61.0-pts
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80%
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All Times EST
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* For rules refer to Scalping the E-mini's
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Looking towards tomorrow
The Pivot Trend Bias is DOWN so I will look short initially on a gap up and will be
using the 89-sma for trend direction.
The daily sell signal has satisfied all of its minimum requirements and the markets
seems to have bounced well initially off that LL. The Advancing Volume ratio made a
major shift intraday and that not only often has follow-through but usually will carry
things for a little while. My day may be cut short tomorrow but I will look to see how
things open and go from there. I am leaning to the long side despite the PTB but
there is a good bit of news so anything is open. Look to work the longs in the
direction of your 25x TF's MC using your 5x or 1x TF. If the 1x then you want to play
the deep ones and allow wiggle room. Staying in line with that 25x MC usually helps
people because it is easy to focus on and is tight with the market structure.
I will continue to be using the 8K9C filter for my primary trading and as the teaching
tool in the room. It is going well and seems to have helped most people clear up
the mental cobwebs and focus on an easy to see and use filter. If anybody is
struggling on this I encourage you to contact me either in the room or by email.
Have a great day! See you in the trading room. May God Bless you ~
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Those who are joining the intraday trading room please feel free to ask questions
on anything you are trading or any system related questions you may have.
I started a new yahoo group recently. It is to facilitate the distribution of the
newsletter. Use the form above to join. There is no reason for users of the system
to join as you already have access to the private room.
I recently uploaded the Trading-Focus audio and posted those links in the Yahoo
group for those who want to use it.
Good luck! Be sure to contact me through the links on the About Me page if you have
any questions. See my complete prep work for tomorrow.
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