Thursday, October 22, 2009

Wednesday & Thursday Log - Combo Post

Failed to enter Wednesday post and trades so combining with the Thursday post. Wednesday I played the open/close set-up that worked well. Once price tested the prior day close around 89, I entered long on the slight pullback and scaled out in 91's and 93's. Result: +6.0

Scalped a couple other trades over lunch for small gains after feeling the rotation prior to the Beige book. result: +2.25

Thursday no trades made. Working on a new planning tool for me to use in preparation of each trading session. Combining EWS system, key price levels, etc. I currently use a daily worksheet as part of my routine. As with the EWS spreadsheet, my worksheet helps me map out the ES, identify key levels of interest and awareness of scheduled economic reports, major earnings announcements, etc. It is an evolving document as I tweak the layout and information while also making it more automated.

Planning minimal trades on Friday. Probably only the primary AM trade if any.

Trade Well !

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