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Trade for 07/30/2004 Friday <$$$$$$$$$$$$$$$$$$$$$$$>

 

Night session: Bottom line support 1096, buying bias, target 1102.50

At opening: Just use support 1096, buying bias, expected closing range either 1099 or 1104.

[Result: day high 1104, day low 1096, closed 1103.50]

Trade for 07/29/2004 Thursday <$$$$$$$$$$$$$>

 

Night session: Stop 1190, buying bias, target 1102.

At opening: Stop 1103, short scalping, target 1097-1096.50; then revese to buy side, target 1103.

[Result: night low 1092.50, morning high 1100.75, day high 1093.75, day low 1094.75, closed 1100.50]

Trade for 07/28/2004 Wednesday <$$$$$$$$$$$$$$$$$$$$$$>

Opening: Stop 1087, buying bias. Then stop 1093, selling bias. (Stopped out 0.75 point)

After 7:00, stop 1093.25, short again 1092.50, target 1087. 1086.50 violation, short again for target 1084.

Morning: Bounce to 1086 area, short again, for target 1082, 1080.

Midday: Stop 1092.25, buying bias, target 1088.50, 1090.

Then stop 1084.75 trailing for target 1092, 1094, 1099.

[Result: morning high 1093.75, day high 1098.50, low 1080.50, closed 1095.50]

Trade for 07/27/2004 Tuesday <$$$$$$$$$$>

Night session: Stop 1080.50, buying bias, target 1086, 1089.

Opening: Stop 1082.5 and 1083.75, buying bias, target 1092.

Morning: Stop 1086.25, buying bias, target 1092; stopped out 1 point.

Morning: Stop 1087, short scalping; stopped out 1 point.

Midday: Stop 1085-1085.50, buying bias, target 1093.

Afternoon: 1089.25 breakout, target 1094.5.

[Result: night high 1086.75, low 1082.50, day high 1096, low 1084.50, closed 1092.25]

Trade for 07/26/2004 Monday <$$$$$$$$$$$$$$>

At night session: Stop 1089.50, selling bias, target, 1083, 1078.

Opening: Stop 1089.75, selling bias, target 1083-84. 1078

Midday: Stop 1082.75, short side, target 1075.

Afternoon: Stop 10

[Result: night high 1089.50, low 1085.50, day high 1089.50, low 1077, closed 1082.50]

Trade for 07/23/2004 Friday <$$$$$$$$$$$$$$$$$$$$$>

At opening: Stop 1094, Short selling bias, target 1086; then reverse to buy side for target 1091

Midday: Stop 1088.75, selling bias again, target 1085.

Afternoon: Stop 1088.50 again, selling bias, target 1082; then stop 1082.50 stop, buy 1083 for target 1086-87; then reverse to short again for day low closing.

[Result: day high 1092.50, day low 1082.25, closed 1084.50]

Trade for 07/22/2004 Thursday <$$$$$$$$$$$$$$$>

Night session: Stop 1094, selling bias, target 1086.

Before the Opening: Stop 1085, buy side for target 1091.

After opening: Buy side stopped out 1 point and short side stopped out 1 point.

AFter 8:00: Stop 1090, short side, target 1086-1085, 1083

Midday: Stop 1082.5-1083 support, buy side, followed by 1084.5 stop and 1086 stop for taret 1093.

Then 1093 reverse to short side for target 1088-1089; then cover short = go long again for target 1100.

[Result: night high 1093, night low 1086.76, day high 1099.25, day low 1083, closed 1094]

Trade for 07/21/2004 Wednesday <$$$$$$$$$$$$$$$$>

OPening: Stop 1115, short side target 1108-09. (short side stopped out 1 pt)

Midday 1113 stop, selling bias, target 1108; then reverse to buy side wth 1107 stop. Buy side took profit; then 1110.25 stop, selling bias agaain, target 1103.

Afternoon: Stop 1102.75 stop, selling bias again, target 1093.

[Result: day high 1116, day low 1090, closed 1091]

Trade for 07/20/2004 Tuesday <$$$$$$$$$$$$$$$$$$>

OPening: Stop 1102.75, short side target 1109.

Then: stop 1102.75, short again, (stopped out 0.50)

Midday 1102.75 stop, buying bias, target 1108.

Afternoon: Stop 1109, short 1108.50 target 1103; then reverse to buy side with 1102.75 stop, for target 1110

[Result: day high 1114.75, day low 1098, closed 1112]

Trade for 07/19/2004 Monday <$$$$$$$$$$$$>

Night session: stop 1108, short side, target 1098, 1095.

OPening: Stop 1102.50, Buy side for target 1106-1107; stopped out 1 pt.

Then: stop 1104.75, short side, target 1100, 1098, 1095.

Midday 1100 stop, short side, target 1096-95

Afternoon: Stop 1095.50, buy side, target 1104.50

Final 2 hours: Stop 1105.50, selling bias, target 1102.50, 1099.5

[Result: day high 1105.25, day low 1095.5, closed 1098.50]

Trade for 07/16/2004 Friday <$$$$$$$$>

Pre-Opening: stop 1110, short side, target 1107.50. (Stopped out 1 pt)

Morning after 7:00am: Stop 1111.50, selling bias, target 1107.

Then: Stop 1109.75 trailing, target 1104.

Afternoon: Stop 1107.75, selling bias, target 1101.50.

Final hour: Stop 1105.50, selling bias, target 1101,50- 1100.50

[Result: day high 1112.50, day low 1100, closed 1102.75]

Trade for 07/15/2004 Thursday <$$$$$$$$$$$$$$$$>

Opening: stop 1111, buy side, target 1115. (took profit 1114); pulled back, buy again, stopped out.

Morning: Stop 1110, buy side 1111, target 1115.

Midday: Strong Stop 1112.50, short side target 1103 should be inevitable.

Afternoon: Stop 1111 stop, short side, stopped out 0.50.

Final hour: Stop 1110.50, selling bias, target 1103 and closing at day low.

[Result: day high 1115.50, day low 1103, closed 1103]

Trade for 07/14/2004 Wednesday <$$$$$$>

Night: 1115, selling bias, target 1108

Opening: stop 1111.50, selling bias, target 1107. (Stopped out 1 pt)

After opening: Stop 1110, reversing to buy side, target 1118.

Midday: Stop 1113.50, short selling, target 1107.

Afternoon: Stop 1112.50, short again 1111.50, target 1107

[Result: night low 1116.75, day high 1119.75, day low 1107, closed 1111.50]

Trade for 07/13/2004 Tuesday <$$$>

Opening: Trading range 1116-1112, expected closing range 1113.50

[Result: closed 1113.75]

Trade for 07/12/2004 Monday <$$$$$$$$$$$$$$$$$$>

Night: Stop 1113.75 stop, short side, target 1107 (Stopped out by 1 pt)

Opening: Stop 1113, selling bias, target 1107; then 1106 support, reverse to buy side. Should close aboev 1113 today.

[Result: night low 1110, day high 1115, morning high 1113.50, day low 1106, closed 1113.75]

Trade for 07/09/2004 Friday <$$$$>

Night: Stop 1109.50, buy side, target 1116, 1119

Opening: Stop 1110, buy side, target 1116, 1119

[Result: night low 1110, day high 1115.50, day low 1110, closed 1112]

Trade for 07/08/2004 Thursday <$$$$$$$$$$$$$$$>

Night: Short side target 1110-1112, then reverse to buying bias, target 1120

Opening: Stop 1111.50, buying bias, target 1118-1119

Afternoon: Stop 1114.25, selling bias, target 1108.

[Result: night low 1110, day high 1119, day low 1109.25, closed 1111]

Trade for 07/07/2004 Wednesday <$$$$$$$$$$$$$>

Night: Support 1112.50, buying bias, target 1120-1121

Opening: Stop 1112.50, buying bias, target 1120-1121

Afternoon: after 12:00, 1122 stop, try short side scalping.

[Result: night low 1112.50, day high 1122, day low 1113.50, closed 1118]

Trade for 07/06/2004 Tuesday (Monday holiday) <$$$$$$$$$$$$$$$$$$>

Night: Stop 1129.75, selling bas, target 1118-1119.

Afternoon: Stop 1117, selling bias, target 1112.50.

Final hour: Stop 1112.50, buying bias, target 1117; followed by 1120; Then 1120.50 stop, short selling to 1117-1116

[Result: night high 1129, nght low 1118.50, day high 1120.75, day low 1112.50, closed 1115.50]

Trade for 07/02/2004 Friday <$$$$$$$>

Night: Support 1125 for buy side; resistance 1128.75 for short side.

Opening: Stop 1125 for buy side, stopped out 1 point.

Afternoon: Stop 1128,75, sellng bias, target 1123.50.

[Result: day high 1129.50, day low 1122.50, closed 1125.50]

Trade for 07/01/2004 Thurday <$$$$$$$$$>

Night: Stop 1145 for short side and Support/stop 1137, for buy side.

Opening: Stop 1137, buying bias; took some profit 1139.50; stopped out 1137.

After opening: 1137 broken; Stop 1137, selling bias, target 1132, 1125. 1122.

Afternoon: Stop 1123.2, buying bias, target 1128, 1130.50.

[Result: Night low 1138.75, night high 1143.50, day high 1141, day low 1122.50, closed 1126.25]

Trade for 06/30/2004 Wednesday <$$$$$$$$$$$$$$$$$$$$$$$$>

FOMC meeting, day 2of 2, rate hike 0.25

Night: Support 1130 buying bias, target 1142-1144.

Opening: Stop 1133, buying bias, target 1140, 44.

Midday: stop 1133, buying bias, target 1140-44.

After 0.25 rate hike: Stop 1135, buying bias, target 1144

Final hour: Take profit 1144 and reverse to short from 1144 with 1145 stop for target 1140-1142. Short side can carry short overnight.

[Result: Night low 1135.50, night high 1138.50, day high 1144.50, day low 1133, closed 1141.75]

Trade for 06/29/2004 Tuesday <$$$$$> FOMC meeting, day 1 of 2

Night: Support 1126-1127 for buy side target 1136; 1136.50 resistance for short side.

Opening: Stop 1134, short side, stopped out; reversed to buy side with 1133 stop, buy below 1134, target 1139; possible closing 1138-1139.

[Result: Night low 1127.75, night high 1144.50, day high 1138.50, day low 1130.50, closed 1136.25]

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The 6th Year of Accuracy

The following are what we have called for year 2003. We have called the yearly low on March 12 bottom and the yearly high 1100 or higher. Please click here for detail.

 

<3/11/2003 Tue > Keep in mind shorting at 808 area could be tempting, but market is working on major daily reversal up. Any short attempt could kick a trader out of the up trend game. We have had enough shorting trades for past 3 months don't be obsessed with it again, at least for a day or two.

Attempt trade for 03/11/2003 Tuesday Globex and opening: Stop 812, selling bias, target 800. Afternoon: Stop 807.75, short again, target 800-798. [Result: Globex high 812, day high 814, low 799, close 800.50]

<3/12/2003 Wed> Attempt trade for Wednesday: support 785-788, buying bias, target 826-828

<3/13 Thu> We called: Up trend started!

<5/01/2003 Thu> It is not what it looks like. Don't try to call top! We still stick to up trend

<6/03/2003 Tue> Warning: Don't be obsessed with calling top. A lot of Fib analysts have been trying to call a top for last 4 weeks and all failed. It is exactly the same behavior when market trend is down and they would keep calling the bottom. They could be right once after calling 10 times wrong.

<7/13/2003 Sun> Main trend is up, short term trend is in correction/consolidation mode.

<8/24/2003 Sun> Keep in mind main trend