Thursday, November 5, 2009

Thursday Log - Steady

Missed the opening short fill in 53's for shot at the half gap which played out within a tick...close enough. Waited until after 1000 for next trade. Once price penetrated R1, I waited for pullback to 56's where I entered long. Stopped out in mid 55's as price went back thru R1 deeper than anticipated. Re-entered long in low 55's and worked off combo thinking for quick hit and closed all in 56's. Two trades - Result: +1.50

Re-entered long from low 57's once price again penetrated R1. Scaled out using combo thinking from regular session low with 1/2 off in 59's and balance off just below R1 1/2. Result: +5.25

Worked a scalp over lunch session again using combo thinking. Working off the 56's, waited for retest of 61's, Entered short high 60's and looking for quick hit. Result: +1.25

Making some steady profits this week. Staying out of high volatility situations, anticipating price action, planning the trades are all reasons that contributed to a steady, consistent bagging of profits. We'll work to close it out tomorrow with continued success.

Trade Well!

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