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day trade for today


12:00E Long Close Long 14:00E

SP index prices will be used to call trade a winner or loser.
Dave
06/05 Thu L 12:00E 1392.52 Close 14:00 1396.68 +4.16
06/06 Fri L 11:00E Close 14:00
06/06 Fri Long 11:00E 1383.04 Close 14:00 1376.50 -6.54
Win/Loss = 1/1

Noted: 11:10 Long Close 13:50 lost only -0.30 in otherwise
relentless down day action.

I will post 5 days using 10min instead of my hourly
signals in next post, stay tuned. Dave

As advertised,
here is my 1st attempt predicting a full week ahead,
using 10min granular entry/exit Eastern times.
A 13.00 SP Index points stoploss will be used to calculate THEORETICAL trade results. For amusement only... Dave

06/09 Mon 10:50 S -> 15:20
06/10 Tue 13:40 S -> 15:40
06/11 Wed 13:40 S -> 15:00
06/12 Thu 10:20 L -> 13:50
06/13 Fri 13:20 S -> 15:10

I trade 2% target in the S&P as well. You're going to think I'm crazy, but there's only one trade I'm taking next week in the S&P: long from 1350 to 1450.

She's going to hold the 50% retracement from last October. But I'll cover the long at 50 even and possibly reenter. We'll see.

But we will gain at least 100 points on the week next week.
davegemini: The times you quote are Eastern right?

Xuanxue: Do you have a chart with the fib lines that will show the retracement that you're targeting?
quote:
Originally posted by day trading

Xuanxue: Do you have a chart with the fib lines that will show the retracement that you're targeting?


DT: Do a 50% retracement from the March 17 low to the May 19 high, 50% is at 1348.61.

If a bounce did start there, I'd be really interested to see how it handles the 1385-90 area on the way up. I can't define the area any better than that right now because I'd need the time factor (when does it hit and react off the 1350 area) to build my work upon, and the exact reversal point.

I, for one, would be blown away if we do bounce off the 50% area and run to a new high for the entire move, near 1450. But I'd love it if it did happen, because I thrive on movement, I don't care what kind or created by who, I just need a lot of movement and I'm happy.

I'm more closely watching the 1315-27 area (or a bit higher the longer it takes to get there). But, I reformulate areas as things develop, and these spots may be outdated well before the areas are reached. I just like to see how these areas react (or don't react), and that will help me in my premises. Keep in mind, my approach is radically different than 99% of the people here.
SP Index closed up slightly Monday,
but the Short day trade extracted a nice profit.

06/09 Mon 10:50 S -> 15:20E 1365.79 -> 1355.16 = +10.63
06/10 Tue 13:40 S -> 15:40E
06/11 Wed 13:40 S -> 15:00E
06/12 Thu 10:20 L -> 13:50E
06/13 Fri 13:20 S -> 15:10E


SP Index closed down slightly, and altho the 2 hr down window
forecast contained the sharpest part of day's down movement,
the entry->exit times posted only extracted a small gain.

06/09 Mon 10:50 S -> 15:20 1365.99 -> 1355.16 = +10.63
06/10 Tue 13:40 S -> 15:40 1362.60 -> 1360.20 = +2.40
06/11 Wed 13:40 S -> 15:00
06/12 Thu 10:20 L -> 13:50
06/13 Fri 13:20 S -> 15:10

6/11 Wed
Nothing to indicate my system had any insight to today's
trading pattern with its 80 min. short.
Very lucky that the trade wasnt a loser.

06/09 Mon 10:50 S -> 15:20 1365.99 -> 1355.16 = +10.63
06/10 Tue 13:40 S -> 15:40 1362.60 -> 1360.20 = +2.40
06/11 Wed 13:40 S -> 15:00 1341.85 -> 1341.59 = +0.26
06/12 Thu 10:20 L -> 13:50
06/13 Fri 13:20 S -> 15:10

6/12 Thu
Nothing to indicate my system had any insight to today's
trading pattern with its losing 3hr 30min Long.

06/09 Mon 10:50 S -> 15:20 1365.99 -> 1355.16 = +10.63
06/10 Tue 13:40 S -> 15:40 1362.60 -> 1360.20 = +2.40
06/11 Wed 13:40 S -> 15:00 1341.85 -> 1341.59 = +0.26
06/12 Thu 10:20 L -> 13:50 1347.83 -> 1342.96 = -4.87
06/13 Fri 13:20 S -> 15:10

OK, I have changed the "pieces of the puzzle" to not use any algorithm that requires recent days to calculate its output.
The results look theoretical promising and allow me to NOT post signals every day but revert back to what I unsuccessfully attempted in June (posting more than 1 day ahead)..

This is likely my last post in this topic, look for a new topic this morning "AUGUST day trades"