Friday 26 Aug 2006
I am not making any promises but I am going to try and do a nightly recap of the days trade (from time to time).
Fridays trade was long off the VAL 1295.5 the wiggle room was 1294, the market only traded as low as 1294.75 so therefore the wiggle room held.
We then traded as high as 1301.75 which is also singles in the bigs at 1301.2 from 8/23 ( wiggle room on the bigs was 1301.8--bigs traded as high as 1301.7) so again the wiggle room held up. My best scale out was for 5.5 points then after watching the singles hold up I then went flat at 1295.75, feeling we had a 7 point IB and it was Friday afternoon in late summer I felt we would spend the rest of the day trading inside the IB so I called it a day. The wiggle room on the longs held up and also on the shorts off the singles too-I need you guys to become convinced and confident in these areas.
I plan on holding a pow-wow on one day this week, I will send out an email when I know the exact date.
Thanks and have a great weekend all, JP
DA
day trading
Rep: 39,586
Posts: 6,369
Thursday 14 Sep 2006
Trade # 1 I went short at 1328.5 which was 1 point above the open range high, my reasoning was that after what I saw yesterday I felt we would spend most of the day lower. I saw that the ab had 2 tpos from overnite and the overnite poc in the es was 28.50 also so I went short @ 28.50 leaning on the 29s above. The market sold off down to 1324.5 and I was working a 1325 bid to go flat but I got greedy and pulled that bid thinking I would be able to get a few more points out of the down side, it stopped at 1324.5 and then sloooooooooooooooooooooowwwwwwwwwwwwwwllllllllllllly moved up to new highs , I scratched the balance. The best scale out I had was 2 points.
It was a slow day with a small range,I failed to short the symetrical neutral which would have netted me at least another 3 points.
Trade # 1 I went short at 1328.5 which was 1 point above the open range high, my reasoning was that after what I saw yesterday I felt we would spend most of the day lower. I saw that the ab had 2 tpos from overnite and the overnite poc in the es was 28.50 also so I went short @ 28.50 leaning on the 29s above. The market sold off down to 1324.5 and I was working a 1325 bid to go flat but I got greedy and pulled that bid thinking I would be able to get a few more points out of the down side, it stopped at 1324.5 and then sloooooooooooooooooooooowwwwwwwwwwwwwwllllllllllllly moved up to new highs , I scratched the balance. The best scale out I had was 2 points.
It was a slow day with a small range,I failed to short the symetrical neutral which would have netted me at least another 3 points.
DA
day trading
Rep: 39,586
Posts: 6,369
Friday 15 Sep 2006
Trade # 1 I shorted the opening @ 35.50 because I heard 4-5 houses were all paper sellers right out of the gate. My best scale out was @ 32.00 for (+3.5 points), I then took the balance off at 36.00 (-2 tics).
Trade # 2 I went long @ 31.50 leaning on RE , my best scale out was 32.50 (+1 point).I lighten up more @ 32.00 , I was stopped out on balance @ 30.75 (-3 tics).
Trade # 3 feeling that the profile was unfinished to the upside, I went long again @ 30.50 leaning on the I period low hoping that J period make a higher low and then move up to finish out the profile to the upside, J period then went down and made 2 TPOs on the low so I decided to scratch the trade and try to get better prices lower at 29.25 if possible.
I scratched the whole trade NO SCALE OUTS!
Trade # 4 now having 2 TPOS lows I went short at DVAL @ 31.25 market traded to deep into dval so I scratched that trade.
Trade # 5 with a ledge above us I went long @ 32.75 failing to get above the DVAH I took my best scale @ 34.00 (+1.25) and went flat @ 33.00, the market then traded down to 30.50 and pretty much chopped around into the close.
I did have a closing price of 31.00 or lower we missed it by 1.25 points, the ym however did get ts closing price.
Trade # 1 I shorted the opening @ 35.50 because I heard 4-5 houses were all paper sellers right out of the gate. My best scale out was @ 32.00 for (+3.5 points), I then took the balance off at 36.00 (-2 tics).
Trade # 2 I went long @ 31.50 leaning on RE , my best scale out was 32.50 (+1 point).I lighten up more @ 32.00 , I was stopped out on balance @ 30.75 (-3 tics).
Trade # 3 feeling that the profile was unfinished to the upside, I went long again @ 30.50 leaning on the I period low hoping that J period make a higher low and then move up to finish out the profile to the upside, J period then went down and made 2 TPOs on the low so I decided to scratch the trade and try to get better prices lower at 29.25 if possible.
I scratched the whole trade NO SCALE OUTS!
Trade # 4 now having 2 TPOS lows I went short at DVAL @ 31.25 market traded to deep into dval so I scratched that trade.
Trade # 5 with a ledge above us I went long @ 32.75 failing to get above the DVAH I took my best scale @ 34.00 (+1.25) and went flat @ 33.00, the market then traded down to 30.50 and pretty much chopped around into the close.
I did have a closing price of 31.00 or lower we missed it by 1.25 points, the ym however did get ts closing price.