Archive for August 12th, 2006

The week started slow and flat and ended with positive note. Second week of August 2006, I closed the week with 3.62-R. We had Fed meeting on tuesday, I did not make any index futures trading before Fed meeting. I switched to Gold futures trading, with break even result, 0-R. DJ and Nasdaq had clearer [...]

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That was too much work for small profit. Short position of E-Mini Nasdaq was established below 930am reversal up bar. Stop was moved twice and it was triggered with 1-R gain. Volume seems to be drying up. Nasdaq moved slowly.
I decided to give up Dow Mini trade as it was approaching 50-day moving average in [...]

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