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2011.01.12 - 2011.01.19 - neoEmini Trade Summary

19. January 2011
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Wednesday -  2011.01.12, Sometimes there aren't many setups.  Sometimes the setup fails.

Checklist: 

  1. Today's Target Size: 2 pts
  2. Gap Filled? NO (1270.50)
  3. POC Hit? NO (1270.50) 

 

Based on the chart above: 

  1. FAILED: Short R2: Due to opening near R2 at the open, it made sense to wait for the first 5min to pass before entering.  Unfortunately, this retest of R2 paused and eventually failed.

 



Thursday -  2011.01.13

Checklist: 

  1. Today's Target Size: 3 pts
  2. Gap Filled? Yes
  3. POC Hit? Yes 

 

Based on the chart above: 

  1. WORKED: Long PP: Started out a bit mess, but eventually worked
  2. FAILED: Long PP: Most of the day's activity was above the PP, which made this setup pretty high probability of working.  Unfortunately, it hit our stop before working.
 
 
 
 

Friday -  2011.01.14

Checklist: 

  1. Today's Target Size: 2 pts
  2. Gap Filled? Yes
  3. POC Hit? Yes 

 

Based on the chart above: 

  1. WORKED: Long S1: Worked quickly!
  2. WORKED: Short PP: Also worked quickly.  We didn't break any previous swings, so we don't retry shorting R1 again
  3. WORKED: Short R1: Another rather quick working trade.  We didn't break any previous swings, so we don't retry shorting R1 again
  4. WORKED: Short R2: Went 6T in our favor (8T target), but ran out of day.  Money management would've given you a partial win or a BE
 
 
Monday - 2011.01.17, MLK HOLIDAY (Though, there was a setup for a long off the PP, which would've worked if held after hours!)

 
 
 
 

Tuesday -  2011.01.18

Checklist: 

  1. Today's Target Size: 2 pts
  2. Gap Filled? Yes
  3. POC Hit? Yes 

 

Based on the chart above: 

  1. WORKED: Short R1: Worked quickly!
  2. WORKED: Long PP: Right up to R1 again
  3. WORKED: Short R1: Since we made a new low and made it all the way to the (ultimate) target of the PP, shorting the R1 was valid again.  However, shorting the same level 3 times within a single day is NOT, so we do not take the next short off R1.  However, this third hit to the level did give about a point of profit before going against and ultimately running out of day.
 
 
 

 

Wednesday -  2011.01.19, The weak looking overnight action made me feel like we would pullback all the way to the larger symmetry support at 1279.50, which we did.  Coincidently, very close to S2!  The 1.272 pullback was at 1275, which was very close to S3.

Checklist: 

  1. Today's Target Size: 3 pts
  2. Gap Filled? Yes
  3. POC Hit? Yes 

 Based on the chart above: 

  1. WORKED: Short PP: Worked quickly!
  2. FAILED: Long S1: I had low hopes due to larger support below.
  3. WORKED: Long S2: Very close to the symmetry found at higher levels at 1279.50, so it wasn't surprising that this trade worked.  We didn't break previous swing highs, so taking a retest of S2 afterwards would be risky... wise move!
  4. WORKED: Long S3: Hit entry level to the tick, so without MIT orders, it may have been difficult to get a fill.  Made its way back up to S2.
 
 
 
 

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