Summary for 8/21/03 It was a rough start this morning due to several whipsaws early on. Due to the whipsaws, I stood aside and missed a range...
10:01 am. Stopped out at 9472 (+34 points)
10:00 am. moved stop to 9472 below previous bar due to report.
9:53 am. currently long 1 contract at 9438. p.s. at 9431 and will begin to trail it 3 bars back. Very tough start this morning with lots of...
9:51 am. -1 @ 9432 stop and reverse at 9438 (buy 2).
9:43 am. +1 @ 9417. Stopped out on trade #2 (retracement). I'll stand aside for now since I'm getting conflicting signals. There was a...
9:40 -2 @ 9412 (-4 on #1) stop and reverse at 9412 for retracement. p.s. at 9417.
9:38 am. +1 @ 9416 - Range trade. Initial protective stop at 9410.
Support level for am trades is at 9422 which was resistance from yesterday. Waiting for test of this level to set up range trade
4 Trades: 3 winners, 1 loser. Gross P&L: +18 pts. Net P&L: +10 pts. (2 pts./rt for slippage and commissions) Trade #1 Retracement 9:32...
Trade #4 stopped out at 9368 per 3 bar rule (+4)
New resistance level at 9396 for range trades. Trailing stop on trade #4 is 3 bars back - currently 9367. Possible retracement add-on...
10:08 stop moved to 9364
10:04 +2 @ 9364 (+9 on #3) initial stop at 9356
10:00 am -1 @ 9373 initial stop at 9379. Looking to stop and reverse here.
stopped out at 9383 (+10) I wasn't quite on the ball with the 3 bar trailing stop. I should have exited at the break of the low of the 9:54 am...
9:51 am Move stop to 9377
New support level formed for range trades at 9360. Missed retracement entry (long) at 9373 at 9:42 am. I'll follow it anyway. Initial stop at...
9:39 +1 @ 9373 (-5)
I'll start posting trades as they occur - little late getting this one out, but I'll try to improve as I go along. Retracement: 9:32 am -1 @...
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