Friday, September 4, 2009

Friday Log - Trade Labor

Missed the move off the 0830 employment report by 1 point. Had my "Hot Box" trade in place with a long in area of PP/99. So waited for market to open regular hours. Put on three live trades. Two long, one short between the 01-07 areas. Identified the framework as outlined by EWS and played it nicely as I "felt" the market and had good trade ideas going into each sequence. I did not try to do too much, identified targets and scaled out of 2 of the 3 trades using profits from first 2 trades to get a little more from the third. Result: +9.75.

Thinking more and more about this combo concept and seeing how it works time and time again. Slowly building confidence in what I see and getting a bit more in touch with the intuitive side.

Next week will be a short week due to long Labor Day weekend and possible extended time off for this trader in order to see some Cubs baseball in PIT. Waiting for some friends to confirm. In the meantime, have a great weekend everyone! Next week could be a wild one as the "trade laborers" come back from vacation.

Trade Well !

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