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Trading Day Prep Work
Dow mini trading results - 02/11/08
The YM opened slightly lower today after being up in pre-market trading. The
weakness quickly gained steam and we fell until around 10:00 where it found
support and after churning a bit started a rally that carried through the rest of the day.
NYSE Net Volume turned right along with it indicating a solid shift in opinion.
I had three trades today and they were all regular system signals. The first was
during the initial fall after the open. We opened well enough above the 12,103
crunchy that I was able to play to it. Nothing else was in the way.
That led to my second trade, which was a first signal long after breaking the crunchy
at 12,103. The stop went below the prior swing and allowed for a pretty decent target
for the time frame. The last trade was the during the pullback in the 5-minute off the
10AM lows. When we got near the MC I started prepping to play the first sell signal on
the 1x. It took a while for it to set up and we actually drifted up to the point where I
would only play back to the MC from above and thats what I did. It turned out OK but I
should have shifted to longs right there off my exit. I waited a while to let the MC test
play out. It was during this period that I saw the Net Volume change. I didn't trade
again.
Thanks again to the folks who have started sending more of their questions to the
Yahoo group. It will be a great help to those people who come after you and also
provide a central area where you can return for topical answers. As I start rolling out
these trading videos more frequently I will also upload the links there in topical
categories so everything will remain in one place.
Not a bad start to the week. I am starting to like Mondays more. This year with the
house rehab has helped me get a bigger start to the week so I don't get left with as
much at the end.
(Here is the prior Post).
Results: 3 Trades Date: 02/11/2008 Gross Points This Week: 62 YM
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09:44
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S
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12131
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09:53
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12103
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+28.0-pts
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100%
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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 be looking short initially and will be using
the 89-sma and A-D for trend direction.
The Advancing-Volume ratio came in at 59%, which usually does tend to have some
follow-through. The daily has found some cushion down here on its crunchy at
12,199. We could see a DD develop as the weekly come back into the KC more. I
am trading Tuesday and Wednesday this week and after today am pretty close to
my goal so I will let this PTB vs Volume-ratio battle play itself out and with luck will
get some good movement off this level.
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.
Have a great week! See you in the trading room. May God Bless you ~
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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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