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