Tuesday 27 January 2009

Happy Lunar New Year

It's the year of OX(bull) following the chinese lunar calendar.
Wish all a happy Lunar New(牛) Year and a bull run for the economy.


Saturday 17 January 2009

ES2009011601


Hitting myself for not shorting @ the start of the day.
Saw the bounce of GH off 13/1 support line, good opportunity for short.
The reasoning behind that was that it is too close to YHOD.

Need to step back and look at the bigger picture. The whole trend was down. this is a perfect place to short for a long run, it end up moving down 30pts although its a slow start 

If I short at 854, Stop 858, T1 848, T2 828.
the RR will be 1/1.5 and 1/6.5
profit will be 16pt/car

Wednesday 14 January 2009

ES2009011401



Short 847, STop 848, T1 844, T2 837
T1 RR 1/3 (ORL)
T2 RR1/10 (can't find a logical place to put stop, so uses 121% fibo extension)

I was nearly taken out after entry. Lucky price move in my direction eventually.

6.5pt/car for the day
12pt/car for the week.

Tuesday 13 January 2009

ES2008011201


Nice start for the week. I congratulate myself for holding the trade till T2 met.
RR for T1 is 1/2
RR for T2 is 1/9
Love this multi car thingy, its more pleasing to the mind to hold on 2nd car for large target once I offload 1st car. I know that I can't get negative for the trade with the profit made by 1st car.

Tuesday 6 January 2009

ES20080105


Nice start for the year, making 9pt/car. Its the best trade I ever have.
Price tested 918 in Globlex trade, test it again when market open forming a double bottom, this also form ORL30. Px break up with volume. this appears to be a good entry with a small 2pt stop. 1st target is ORH. 2nd target is the tip of price consolidation area of previous trading day.
Happy with what pan out.