Target 1 hit +5 Target 2 trailer hit +3.5 Currently flat looking for next setup now Orders at 59.25 long and 74.25 short
Looks like last high was 73.25 and low was 64.75 (although it might still be going lower as it just hit that level). Edit: You are right, high is now 69.25.
I looked at that high as well. Also just noticed we have ISM numbers coming out at 7. I'm going to keep the brackets on.
Yes, that's what I would count too, so far a nice entry... Edit: I would also take the current 3 pts gain... Edit2: Proved to be a good decission, fell back below 63...
9/3/2008 results 1 full stop out -3 points x 2 contracts -6 points total x $50 = -$300 2 commissions @ $4.80RT = -$9.60 Total for the day -$309.60 Total for the week -$723.00 Note results from last nights trade will be posted with todays results because the end result did not close until this morning.
Here is another interesting point: Reloading the position. Just like this morning the 63 entry went in the money by 3-4 points (where I would have exited) then droped back to the entry level and took off again, going up as much as 5 pts. This double entry could have paid off at least 3-4 times in the last 6 trading days if I recall correctly, I know yesterday the short did return to the same level. So maybe worthy to consider...
For the time being the low is now 51.50 for a short at 61.50. What to use for the high? You could use 68.25 and go with a ROT x2 for a new long at 48.25. I'm thinking about staying out of the way until a "fresh" high is made.