Friday, June 29, 2012

Scaled into a long starting at 0715HRS. Sold one contract for a profit. Trailed my stop up during the day. Finally stopped out at 1229HRS.

Profit for today: 4.50 points

Thursday, June 28, 2012

I tried to go long at 0715HRS. It worked a little, but I was stopped out for a small gain.

I tried to scale into a long at 0821HRS. It didn't work, and I was stopped out for a loss.

Loss for today: 8.00 points.

Given that the Supreme Court announced they upheld Obamacare, I should have know to stay out of the way. Alternatively, I could have gone short.

There might be support around 1300. If the market goes down there, I might go long.

Wednesday, June 27, 2012

Another profitable day.

The market seemed to be bullish on the daily and 30 minute chart. I waited for the open of the cash market then went long one contract with a buy-stop order 1 tick above the high of the pre-market trading.

bought 1 contract for 1318.50 at 0649HRS Pacific time

I used a 3 point sell stop initially, then trailed it up manually.

risk 1 contract * 3 points = 3.00 points
heat 1 contract * 1.25 points = 1.25 points

I'm still long after the market closed. I was finally stopped out at 1323.25 at 0036HRS in the morning.

profit 1 contract * 4.75 points = 4.75 points

Tuesday, June 26, 2012


A profitable trade. The market looked like it might want to go up based on the 5-minute, 30-minute and daily charts. I used a limit order to purchase 3 contracts for 1307.75 at 0840HRS Pacific time. I used a generous stop of about 3 points and set a sell limit order at 1308.75. The market dipped to 1306.75, before going up.

Risk: 3 points * 3 contracts = 9 points
Heat: 1 point * 3 contracts = 3 points

I sold two contracts for 1308.75 at 0848HRS and raised my stop for the remaining contract to 1305.75 (break-even).

As the market went up during the remainder of the day, I manually trailed my stop for the remaining contract.

Oops. I put in a buy limit instead of a sell-stop. I ended up buying a second contract for 1312.25 at 1754HRS. I noticed my mistake and sold the second contract at 1816HRS for 1312.50. Then at 1821HRS the last contract sold by the sell-stop for 1312.25.

Total profit for today: 6.75 points