Friday, July 07, 2006
Avoid small moves
Trading YMU06 system signals for Thursday :
11243 Long11268
Short ( +25 pts)
11288 Long ( -20 pts )
11308 Short ( +20 pts )
11298 Long ( + 10 pts )
11290 Short ( - 8 pts )
11284 Long ( + 6 pts )
11268 Short ( -16 pts )
111290 Long ( -22 pts )
TOTAL -5 pts LOSS.
Summary
The early upside push was exhausted at 5pm. The momentum break out signals thereafter were not reliable. So, I traded selectively and my P/L was +19 pts.
I did not take the short trade from 11308 but it was a runner. Max run up for +30 points.
Had I trade with SuperTrend
Long 11243, Exit 11282. ( + 39 points, Max run up 11320 = + 80 pts,)
Long 11298 Short 11290 ( - 8 pts )
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