Trade 1: +14, +27 (1st Pullback to Daily S1, Mid to Upper Keltner, Resistance at 9468 High of 0951 ERVB on High Volume)
Trade 2: -08, -08 (1st Pullback to MAs and Mid to Lower Keltner following MKP vicinity 50% Fibs of Entire Day)
TOTALS: +25 / +$125
Monday, August 31, 2009
Friday, August 28, 2009
YM (Mini-Sized Dow) Trades - 08-28-2009
Trade 1: +13, -09 (Aggressive LONG due Time of Day, Pullback Mid to Lower Keltner at 79% Fibs 8/27 MRAL to 8/28 HIGH)
Trade 2: +30, +40 (Pullback to MAs following MKP - 1st Retracement Up Trend)
Trade 3: -22, -22 (EDRP, Fib Confluence w/ 38% Fibs AH to NL and 24% Fibs Entire Day)
Trade 4: +17, +12 (38% Fibs Entire Day, P.O.2 just missed, used Mid Keltner as TS for P.O.2)
TOTALS: +59 / +$295
Trade 2: +30, +40 (Pullback to MAs following MKP - 1st Retracement Up Trend)
Trade 3: -22, -22 (EDRP, Fib Confluence w/ 38% Fibs AH to NL and 24% Fibs Entire Day)
Trade 4: +17, +12 (38% Fibs Entire Day, P.O.2 just missed, used Mid Keltner as TS for P.O.2)
TOTALS: +59 / +$295
Thursday, August 27, 2009
YM (Mini-Sized Dow) Trades - 08-27-2009
Trade 1: +09, +09 (First Pullback to Mid to Upper Keltner, Confluence w/ S1 and Prior Day Low (Resistance confirmed by High of ERVB Volume Spike at 1003ET)
Trade 2: -22, -22 (50% Fibs Entire Day at the MAs)
Trade 3: +16, +26 (EURP following MKP, Entry at Mid to Lower Keltner (Market Trend changed to Up))
Trade 4: -11, -11 (EURP, Enter Mid to Lower Keltner, Confluence w/ R1 and Prior Day High)
TOTALS: -06 / -$30
Trade 2: -22, -22 (50% Fibs Entire Day at the MAs)
Trade 3: +16, +26 (EURP following MKP, Entry at Mid to Lower Keltner (Market Trend changed to Up))
Trade 4: -11, -11 (EURP, Enter Mid to Lower Keltner, Confluence w/ R1 and Prior Day High)
TOTALS: -06 / -$30
Wednesday, August 26, 2009
YM (Mini-Sized Dow) Trades - 08-26-2009
Trade 1: -17, -30 (Pullback to MAs w/ Expectation of Continuation of DownTrend from Prior Day)
Trade 2: -07, -07 (Pullback to MAs at Mid to Lower Keltner, following MKP (Up Trend))
Trade 3: -04, -04 (50% Fibs Entire Day - Exited LONG Trade next bar Open as Trend changed to DOWN)
Trade 4: +25, +17 (Pullback to MAs at Mid to Upper Keltner, following MKP (Down Trend))
Trade 5: +17, +06 (Pullback to MAs at Mid to Lower Keltner, following MKP (Up Trend))
TOTALS: -04 / -$20
LESSONS LEARNED:
- The Trend is Down, no, the Trend is Up, no, the Trend is Down, no, the Trend is Up, no, the Trend is Down. Fickle market today! Risk Management is the key!!!
Trade 2: -07, -07 (Pullback to MAs at Mid to Lower Keltner, following MKP (Up Trend))
Trade 3: -04, -04 (50% Fibs Entire Day - Exited LONG Trade next bar Open as Trend changed to DOWN)
Trade 4: +25, +17 (Pullback to MAs at Mid to Upper Keltner, following MKP (Down Trend))
Trade 5: +17, +06 (Pullback to MAs at Mid to Lower Keltner, following MKP (Up Trend))
TOTALS: -04 / -$20
LESSONS LEARNED:
- The Trend is Down, no, the Trend is Up, no, the Trend is Down, no, the Trend is Up, no, the Trend is Down. Fickle market today! Risk Management is the key!!!
Tuesday, August 25, 2009
YM (Mini-Sized Dow) Trades - 08-25-2009
Trade 1: +31, +35 (1st Retracement - 50% Fibs 8/24 LL to 8/25 HIGH)
Trade 2: -30, -30 (50% Fibs of Entire Day at Center of MAs)
Trade 3: +16, +24 (1st Retracement to MAs following MKP, Confluence w/ R1 Pivot)
Trade 4: +12, +19 (2nd Retracement, Enter Mid to Upper Keltner at 200SMA with Expectation of 1439ET ERVB High to Hold as Resistance)
TOTALS: +77 / +$385
Trade 2: -30, -30 (50% Fibs of Entire Day at Center of MAs)
Trade 3: +16, +24 (1st Retracement to MAs following MKP, Confluence w/ R1 Pivot)
Trade 4: +12, +19 (2nd Retracement, Enter Mid to Upper Keltner at 200SMA with Expectation of 1439ET ERVB High to Hold as Resistance)
TOTALS: +77 / +$385
Monday, August 24, 2009
YM (Mini-Sized Dow) Trades - 08-24-2009
Trade 1: +13, +23 (1st Pullback to Mid to Lower Keltner of the Day, Entry based on Low of ERVB Volume Spike at 1012ET)
Trade 2: -10, -10 (Pullback to AL - ISL 1/2 ATR Below AL)
Trade 3: +09, -07 (Pullback to PL at R1 Pivot, Confluence with MA)
Trade 4: +24, +34 (1st Retracement after MKP, Entry 3 ticks below High of ERVB w/ Volume Spike at 1312ET)
Trade 5: +10, +15 (2nd Retracement, EDRP, Entry at Mid to Upper Keltner)
TOTALS: +101 / +$505
Trade 2: -10, -10 (Pullback to AL - ISL 1/2 ATR Below AL)
Trade 3: +09, -07 (Pullback to PL at R1 Pivot, Confluence with MA)
Trade 4: +24, +34 (1st Retracement after MKP, Entry 3 ticks below High of ERVB w/ Volume Spike at 1312ET)
Trade 5: +10, +15 (2nd Retracement, EDRP, Entry at Mid to Upper Keltner)
TOTALS: +101 / +$505
Saturday, August 22, 2009
YM (Mini-Sized Dow) Trades - 08-21-2009
Trade 1: +16, +04 (1st Pullback to Mid to Lower Keltner - Heavy Volume on prior Swing indicated Support from 9457 to 9463, Entry at 9463 near Mid Keltner)
Trade 2: +24, +34 (1st Pullback to MAs Confluence w/ 23.6% Fibs of the Entire Day w/ ISL 1/2 ATR below PL (established at 1057ET) - Minimal Risk) (Longer P.O.s based on First Pullback to MAs)
TOTALS: +78 / +$390
Trade 2: +24, +34 (1st Pullback to MAs Confluence w/ 23.6% Fibs of the Entire Day w/ ISL 1/2 ATR below PL (established at 1057ET) - Minimal Risk) (Longer P.O.s based on First Pullback to MAs)
TOTALS: +78 / +$390
LESSONS LEARNED:
- Continue to pay close attention to Heavy Volume on ERVBs. It appears to be working the majority of the time... if it doesn't your STOP is close.
- First Pullback to MAs typically produces a larger move a high percentage of the time.
Thursday, August 20, 2009
YM (Mini-Sized Dow) Trades - 08-20-2009
Trade 1: +18, +31 (50% Fibs 8/19 MRAL to 8/20 HIGH and Confluence with 8/19 Close Mid to Lower Keltner)
Trade 2: +08, +14 (38% Fibs Entire Day)
Trade 3: +11, +21 (First Pullback to MAs)
TOTALS: +103 / +$515
LESSONS LEARNED:
- Continue to associate Supply/Demand (Resistance/Support) with Volume Spikes on ERVBs (the Low and/or High of the ERVB). Trade with the Institutions... the Institutions enter the Market at areas of Heavy Volume/Volume Spikes. The Market typically respects the Highs/Lows of ERVBs on Heavy Volume due to Institutional interest (place your stops 1/2 ATR below/above these prices).
Wednesday, August 19, 2009
YM (Mini-Sized Dow) Trades - 08-19-2009
Trade 1: +17, -16 (Pullback to MAs)
Trade 2: +09, +15 (Compression Pattern at the MAs - Breakout Trade)
Trade 3: +13, +25 (Strong Up Trend, 1 Min Chart between 50% to 62% Fibs Mid to Lower Keltner)
Trade 4: +08, -09 (EURP - Enter Mid to Lower Keltner)
Trade 5: -11, -11 (Entry at Daily R2 (Support of Consolidation from 1230 to 1251ET))
TOTALS: +40 / +$200
LESSONS LEARNED:
- A Breakout from a compression pattern... let it run! Place ISL just below (1/2 ATR) old Resistance (old Resistance becomes new Support).
- The Trend was UP at the beginning of the day... confirmed UP once the initial swing HIGH was taken out by the NH... which set up for a LONG Entry at Mid to Lower Keltner approx 1100ET although the Mid Keltner was below the MAs.
Trade 2: +09, +15 (Compression Pattern at the MAs - Breakout Trade)
Trade 3: +13, +25 (Strong Up Trend, 1 Min Chart between 50% to 62% Fibs Mid to Lower Keltner)
Trade 4: +08, -09 (EURP - Enter Mid to Lower Keltner)
Trade 5: -11, -11 (Entry at Daily R2 (Support of Consolidation from 1230 to 1251ET))
TOTALS: +40 / +$200
LESSONS LEARNED:
- A Breakout from a compression pattern... let it run! Place ISL just below (1/2 ATR) old Resistance (old Resistance becomes new Support).
- The Trend was UP at the beginning of the day... confirmed UP once the initial swing HIGH was taken out by the NH... which set up for a LONG Entry at Mid to Lower Keltner approx 1100ET although the Mid Keltner was below the MAs.
Tuesday, August 18, 2009
YM (Mini-Sized Dow) Trades - 08-18-2009
Trade 1: +24, +38 (50% Fibs 8/17 end of day MRL to 8/18 HIGH (8/17 HH taken out) at the MAs)
Trade 2: +14, +25 (Fib Confluence 50% Entire Day w/ 38% 8/17 MRL to 8/18 HIGH at Mid to Lower Keltner)
Trade 3: +09, +09 (EURP - Enter Mid to Lower Keltner)
Trade 4: +08, +13 (CT Trade - Volume indicating possible shift in Demand to Supply, Enter at 50% Fibs AL4 to NH Mid to Upper Keltner)
Trade 5: +07, -08 (CT Trade - Re-Test of NH / Weekly S1 w/ Volume looking more Bearish)
Trade 6: +08, +18 (CT Trade - Re-Test of Weekly S1)
TOTALS: +165 / +$825
LESSONS LEARNED:
- There appeared to be a shift in Demand to Supply indicating a possible market top mid day. The trend was too strong to sell off... the market continued to make new highs. If you identify a shift in Demand to Supply and the market continues to make a NH then the Price is not confirming (Volume sometimes precedes Price, however, you need to see both Price and Volume confirm the direction of the market... do not execute another CT trade if a NH/NL is made in the direction of the Trend... Continue to Trade in the direction of the Trend.
Trade 2: +14, +25 (Fib Confluence 50% Entire Day w/ 38% 8/17 MRL to 8/18 HIGH at Mid to Lower Keltner)
Trade 3: +09, +09 (EURP - Enter Mid to Lower Keltner)
Trade 4: +08, +13 (CT Trade - Volume indicating possible shift in Demand to Supply, Enter at 50% Fibs AL4 to NH Mid to Upper Keltner)
Trade 5: +07, -08 (CT Trade - Re-Test of NH / Weekly S1 w/ Volume looking more Bearish)
Trade 6: +08, +18 (CT Trade - Re-Test of Weekly S1)
TOTALS: +165 / +$825
LESSONS LEARNED:
- There appeared to be a shift in Demand to Supply indicating a possible market top mid day. The trend was too strong to sell off... the market continued to make new highs. If you identify a shift in Demand to Supply and the market continues to make a NH then the Price is not confirming (Volume sometimes precedes Price, however, you need to see both Price and Volume confirm the direction of the market... do not execute another CT trade if a NH/NL is made in the direction of the Trend... Continue to Trade in the direction of the Trend.
Monday, August 17, 2009
YM (Mini-Sized Dow) Trades - 08-17-2009
Friday, August 14, 2009
YM (Mini-Sized Dow) Trades - 08-14-2009
Thursday, August 13, 2009
YM (Mini-Sized Dow) Trades - 08-13-2009
Wednesday, August 12, 2009
YM (Mini-Sized Dow) Trades - 08-12-2009
Tuesday, August 11, 2009
YM (Mini-Sized Dow) Trades - 08-11-2009
Trade 1: +12, -07 (Strong Down Trend: 24% Fibs Mid to Upper Keltner)
Trade 2: +09, +18 (62% Fibs Entire Day)
Trade 3: +20, -08 (Exhibit A - 38% Fibs Mid to Lower Keltner)
TOTALS: +44 / +$220
08/11/09 Results with new Profit Objectives:
Trade 1: +12, -07 / Trade 2: +09, +18 / Trade 3: +20, +29 / Totals: +81 / +$405
Trade 2: +09, +18 (62% Fibs Entire Day)
Trade 3: +20, -08 (Exhibit A - 38% Fibs Mid to Lower Keltner)
TOTALS: +44 / +$220
08/11/09 Results with new Profit Objectives:
Trade 1: +12, -07 / Trade 2: +09, +18 / Trade 3: +20, +29 / Totals: +81 / +$405
Monday, August 10, 2009
YM (Mini-Sized Dow) Trades - 08-10-2009
Trade 1: +12, +19 (38% Fibs 8/7 HH to 8/10 LOW Confluence w/ 8/7 Close and 8/10 Daily Pivot)
Trade 2: +09, +11 (EDRP - Enter Mid to Upper Keltner)
Trade 3: +09, -11 (Pullback to MAs between 38% and 50% Fibs Entire Day)
TOTALS: +49 / +$245
LESSONS LEARNED:
- Extend Profit Objectives on 1st Retracement and 2nd Retracement
-- 1st Retracement
--- P.O.#1 = 1/2 ATR Below prior NH (LONG) / 1/2 ATR Above prior NL (SHORT)
--- P.O.#2 = 1/2 ATR Above prior NH (LONG) / 1/2 ATR Below prior NL (SHORT)
--2nd Retracement
--- P.O.#1 = 50% Entry to NH (LONG) / 50% Entry to NL (SHORT)
--- P.O.#2 = 1/2 ATR Below prior NH (LONG) / 1/2 ATR Above prior NL (SHORT)
08/10/09 Results with new Profit Objectives:
Trade 1: +40, +52 / Trade 2: +10, +15 / Trade 3: +09, -11 / Totals: +115 / +$575
Trade 2: +09, +11 (EDRP - Enter Mid to Upper Keltner)
Trade 3: +09, -11 (Pullback to MAs between 38% and 50% Fibs Entire Day)
TOTALS: +49 / +$245
LESSONS LEARNED:
- Extend Profit Objectives on 1st Retracement and 2nd Retracement
-- 1st Retracement
--- P.O.#1 = 1/2 ATR Below prior NH (LONG) / 1/2 ATR Above prior NL (SHORT)
--- P.O.#2 = 1/2 ATR Above prior NH (LONG) / 1/2 ATR Below prior NL (SHORT)
--2nd Retracement
--- P.O.#1 = 50% Entry to NH (LONG) / 50% Entry to NL (SHORT)
--- P.O.#2 = 1/2 ATR Below prior NH (LONG) / 1/2 ATR Above prior NL (SHORT)
08/10/09 Results with new Profit Objectives:
Trade 1: +40, +52 / Trade 2: +10, +15 / Trade 3: +09, -11 / Totals: +115 / +$575
Friday, August 7, 2009
YM (Mini-Sized Dow) Trades - 08-07-2009
Thursday, August 6, 2009
YM (Mini-Sized Dow) Trades - 08-06-2009
Trade 1: -15, -15 (Pullback to MAs)
Trade 2: -16, -16 (38% Fibs Mid to Upper Keltner)
Trade 3: +10, +25 (50% Fibs High to Low)
Trade 4: +10, +12 (50% Fibs PH to PL w/ 38% Fibs entire day at Daily Pivot and MAs)
Trade 5: -11, -11 (EDRP - Entry Mid to Upper Keltner)
Trade 6: +11, +08 (Confluence 50% Fibs w/ Daily Pivot)
TOTALS: -08 / -$40
Trade 2: -16, -16 (38% Fibs Mid to Upper Keltner)
Trade 3: +10, +25 (50% Fibs High to Low)
Trade 4: +10, +12 (50% Fibs PH to PL w/ 38% Fibs entire day at Daily Pivot and MAs)
Trade 5: -11, -11 (EDRP - Entry Mid to Upper Keltner)
Trade 6: +11, +08 (Confluence 50% Fibs w/ Daily Pivot)
TOTALS: -08 / -$40
Wednesday, August 5, 2009
YM (Mini-Sized Dow) Trades - 08-05-2009
Tuesday, August 4, 2009
YM (Mini-Sized Dow) Trades - 08-04-2009
Trade 1: +12, +16 (Fib Confluence 62% 8/4 AL to 8/4 NH and 50% 8/3 AL to 8/4 NH)
Trade 2: +10, +11 (Fib Confluence 50% AL2 to NH2 w/ 38% Entire Day)
Trade 3: -10, -10 (Fib Confluence 50% AL2 to NH3 w/ 24% Entire Day)
Trade 4: +08, +09 (38% Fibs NH3 to NL - at prior day close and near MAs)
Trade 5: +09, +11 (Pullback to MAs and 62% Fibs AH to NL2 w/ 50% Fibs HH to NL2)
TOTALS: +66 / +$330
Trade 2: +10, +11 (Fib Confluence 50% AL2 to NH2 w/ 38% Entire Day)
Trade 3: -10, -10 (Fib Confluence 50% AL2 to NH3 w/ 24% Entire Day)
Trade 4: +08, +09 (38% Fibs NH3 to NL - at prior day close and near MAs)
Trade 5: +09, +11 (Pullback to MAs and 62% Fibs AH to NL2 w/ 50% Fibs HH to NL2)
TOTALS: +66 / +$330
Monday, August 3, 2009
YM (Mini-Sized Dow) Trades - 08-03-2009
Trade 1: -30, -30 (CT Setup - Double 3Min Bar High w/Lower Low Lower Close)
Trade 2: -12, -12 (Fib Confluence - 38% of Current Day w/ 24% 7/31 MRAL to 8/03 High at R2 Pivot)
Trade 3: +11, +22 (50% Fibs of the Entire Day)
Trade 4: +10, +15 (First Pullback to MAs)
TOTALS: -26 / -$130
LESSONS LEARNED:
- The ONLY time to consider a CT Trade is after 3 to 5 retracements in the trend, OR, NO CT TRADES!
Trade 2: -12, -12 (Fib Confluence - 38% of Current Day w/ 24% 7/31 MRAL to 8/03 High at R2 Pivot)
Trade 3: +11, +22 (50% Fibs of the Entire Day)
Trade 4: +10, +15 (First Pullback to MAs)
TOTALS: -26 / -$130
LESSONS LEARNED:
- The ONLY time to consider a CT Trade is after 3 to 5 retracements in the trend, OR, NO CT TRADES!
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