|
Trading Day Prep Work
Dow mini trading results - 06/22/07
The YM extended the downward move it started on Wednesday after taking some
time to consolidate yesterday. Expansion leads to contraction leads to expansion
leads to cont.......That is the normal way things work on all time frames and this week
is another good example of that. A-D was in solid trend territory all day and that made
things easy as well as clear.
I had more trades than normal but not too drastic. I think that is probably going to be
my norm now with these automatic alerts going off. I find I am just hitting the button
more on trend days. My trade amount has stayed pretty light on contraction days so I
see no reason to slow myself down on these one-way days as long as I am staying
with the trend. What tends to happen is I will go slow until I see the pressure point
and it starts to get heavy and thats where I will have 3-4 trades in one series. If you
take those away and make them just one trade then its about at my old average
number of trades.
That is part of what happened today. I started with a slow pace as we gapped down
and I let the 5min make a MC run before looking to get in. I let the 12-second take me
into the 5-minute signals on my first couple trades. After that the weight shifted as the
lunch rollover played out and I got a 3-trade series on the same 5-minute signal
using 12-second system signals for entry. It was during this series that A-D
surrendered the important -1500 level. After the 3-trades it was time for the DZ so I
stopped.
Later I switched back to the slow pace and let the 12-second take me into the
5-minute MC runs. The first trade after the DZ was a loss. I went at it on a spot rather
than a good clean system signal. The last trade was a great setup on the 13,524
crunchy and a lot like the ones that started the day.
Anyhow, it was a really nice week and I was able to work almost everyday and I met
my goal. (Here is the prior Post).
Results: 7 Trades Date: 06/22/2007 Gross Points This Week: 116 YM
|
|
|
|
|
|
|
|
|
|
|
11:01
|
S
|
13584
|
11:01
|
13574
|
+10.0-pts
|
100%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
All Times EST
|
|
|
* For rules refer to Scalping the E-mini's
|
|
|
|
|
|
|
Looking towards tomorrow
The Pivot Trend Bias is DOWN so I will look short initially and I will be using the
89-sma for trend direction.
The Declining Volume ratio came in at 71%, which usually leads to follow some
through. We tested just about all the crunchies I have on my radar and ended with a
bounce just shy of the 13,469 one. I have a couple more below there with the
nearest one at 13,439. Monday is a long way off but I would imagine we try those out
at some point and if this expansion leads to contraction I would look for it to firm off
those and try and find some system plays the other way from down there provided
A-D is not in killer trend mode.
If you are using Sierra Charts and want the automated alerts template let me know.
I will either send them to you or I can upload them to the Yahoo Group. The few
people I have shared them with are giving great feedback. I set them up for the
benefit of the room but I have to admit I am finding them useful as well. As a great
philosopher once said..."one less thang."
I will continue using the 8K9C filter for my primary trading and as the teaching tool in
the trading 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 weekend! See you in the trading room. May God Bless you ~
------------------------------------------------------------------------------------------------------------------
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.
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.
|
|
|
