Tuesday, November 10, 2009

Tuesday Log - Range as Anticipated

First trade taken about 10 minutes into the session. Went long from 89's on pullback from penetration of yesterday's close. Scalped out in 91's and 92's. Tried holding out for 93.75 but long tailed doji on the 0950 print got me running. Result: +5.0

Scalped short in late morning only looking for 1-2 points. Sold the 88's and out in the 87's. Was thinking a test of combo low or test of PP but stuck with my plan for 1-2 points. Result: +2.0

Came back for late afternoon stab at another scalp using tight stops and some small profits from earlier in the day. Bought in 90's and closed the trade in 92's. Result: +2.0

The day after trend day played out into a 9.5 range as anticipated. Days like this one needs to be nimble and reverse thinking quickly. Scalps, 1-2 points when price is range bound can add up.

Trade Well !

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