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

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