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Please read disclaimer before proceeding.

(1) The following attempt trade posting at least 10 hours delayed. (2) Most of the following comments were posted in ProWarRoom and MA-Room. (3) Our attempt trades posting for tomorrow are available to subscribers only. (4) The record should NOT be construed as offering investment advice. (5) Past performance is not necessarily an indication of future performance. (6) There is risk of loss in trading futures and options. (7) All posted time is PST. 

 

July 2006

USER CODE: sp500, PASSWORD: guru

= Direction Accuracy
We risk 1 point or less from the stop; target for profit taking.
Timing is everything!
We risk 1 point or less from the stop !

Trades for 07/31/2006 Monday

Opening > Side line

[Result: Day high 1284.25, Day low 1279, Close 1282.75]

 

Trades for 07/28/2006 Friday

Opening > Trend is still up. Stop 1281 for short side, target 1274-73; then support 1270-72, buying bias, agg stop 1273, target 1284 before 9:00. (MA room, shorted 88 and took profit 1284)

Morning > Resistance 1284.50, short scalping only for 2-3 points. Do NOT overtrade short side, it is against trend.

10:00 > Stop 1279, buying bias, target 1285 higher high, followed by 1290 target.

[Result: Globex low 1270.50, Day high 1286, Day low 1273, Close 1284.25]

 

Trades for 07/27/2006 Thursday

Morning > Stop 1277.50, short, (stopped out 1 pt)

10:00 > Stop 78.50, short, target 1272, 1268

[Result: Day high 1281.75, Day low 1266.75, Close 1272.25]

 

Trades for 07/26/2006 Wednesday

Opening > Support 1266, 1270, buy side; resistance 1283, 1279, short side.

Do not overtrade today.

First hour > Stop 71, short, target 66, 64

First hour > Stop 1271, short again, target 67-66

09:00 > Support 72, buy side, target 1278-80 (Do not overtrade.)

[Result: Day high 1279.75, Day low 1266.75, Close 1273.25]

 

Trades for 07/25/2006 Tuesday

Opening > Resistance 1272, agg stop 1269.50 for short, target 1262.50; then 1261 support, buy side

Midday > Stop 1267.75, short side, target 1263-62

Afternoon > Stop 1270.75, short side. (stopped out)

[Result: Day high 1278.75, Day low 1262.75, Close 1271.75]

Trades for 07/24/2006 Monday

Globex > stop 1249.50, short, (stopped out 1 pt)

Opening > Agg stop 1247.50, buy side, target 60

11:15 > Stop 1259.50, buying bias, target 1267-69.

[Result: Day high 1269, Day low 1249.50, Close 1267.50]

Trades for 07/21/2006 Friday

Globex > stop 1254.50, buy side, target 1260; Resistance 1263.50, short, target 1248

Opening > Agg stop 1259, short, target 50-49

06:47 > Stop 56.50, short, target 49-46. (took profit at 47)

06:55 > Stop 1252, short again, target 46.

Then Stop 1244.75, buy side, target 49.

07:57 > Resistance 57.50, short bounce again, target 52-50

09:51 > Stop 47.25, short again. (1/2 profit at 44.75, 1/2 stopped out)

12:18 > Stop 49.50, short, for MOC down.

[Result: Glbx low 55.75, Glbx high 1260.25, Day high 57.75, Day low 1243.50, Close 1244.25]

 

Trades for 07/20/2006 Thursday

06:30 > stop 1267.75, short side, target 62-60 (stopped out 1 pt)

06:59 > Stop 1267, short again, 63-62.

07:43 > Not going to get 62-60 easily, but it will get there.

08:24 > Stop 1267.75, short scalping, target 62-60; it will get there.

11:00 > Stop 62.50, shorting bias, target 57-56. (Exited with 0.50 loss)

12:55 > Stop 57, short quickies, target 53-52.

[Result: Day high 1269, Day low 1252.50, Close 1262.50]

Trades for 07/19/2006 Wednesday (CPI report, CPI as expected, core bad)

Before CPI report > Support 1244, try to buy if market spikes down after CPI report, target 1260 no problem. (1250 breakout for target 1260, 65, 70)

06:30 > stop 1244, buying bias, target 55, and 1260 no problem.

07:34 > Stop 1252, still buying bias, target 1263-1264 (and 1270 not ruled out)

07:50 > Stop 1264.50, short scalping, target 60.

09:00 > Support 1256, agg stop 1258, still buying bias, target 1268-70

[Result: Globex low 1244, Day hi 1269, Day low 1246, Close 1262.50]

 

Trades for 07/18/2006 Tuesday (PPI report, core as expected, PPI bad)

Opening > Side line

07:04 > Stop 1245.25, short 1244.25 (MA room), target, 39, 38; 1242 breakout for target 1235

8:15 > Stop 1240.75, short, target 1235, 1231

10:07 > Stop 1238, target 1231 before 11:00.

11:34 > Stop 1240, short bounce. (stopped out 1 pt).

11:38 > Short again 1242 area, target 1237-35.

[Result: Day hi 46.75, Day low 1231, Close 1246]

 

Trades for 07/17/2006 Monday

Globex > Stop 1245, short globex (MA short 44) , target 1240 and 1235.

Opening > Stop 1246, shorting, (stopped out 1 pt)

07:20 > Stop 1246, (MA) short 1245, target 1240-39.

8:20 > Stop 1245, short. (stopped out 1pt); however day high in already.

11:00 > Stop 1246, short again, target 1240-39.

[Result: Night hi 1244, Night low 34.75, Day hi 47.50, Day low 1238, Close 1240.25]

 

Trades for 07/14/2006 Friday

Opening > Stop 1252, shorting bias, target 44-43; stop 43 for buy side.

7:00 > 1243 violation = breakout for shorting again with 1244 stop, target 1238, 34. (We mentioned 1234 target yesterday)

8:40 > If took profit at 1235, then short again with 1240 stop; and this 1234-35 a good support, try to scalp buy side if pull back. (short side 1/2 profit and 1/2 stopped out).

09:00 > Resistance area 1243, still for shorting bias, target 1238. (1/2 profit at 38.5, 1/2 breakeven)

10:00 > Support at 1236.75; resistance 1243.

[Result: Night high 1251.50, Day high 49.50, Day low 1235, Close 1242.50]

 

Trades for 07/13/2006 Thursday

Opening > stop 1258.50, buy side scalping, target 64-65; Stop 1264 also for short side. (buy side 1/2 profit taken above 1261, 1/2 stopped out breakeven); 1258.25 violation = breakout for target 1251

06:50 > Stop 1259.75, short side, target 1254-53; target 1250 not ruled out tomorrow if not today.

07:45 > Stop 1263, short side, target 54-53

08:08 > Resistance 1262, short side, target 53-52 still valid.

08:53 > Short with 61 stop again (stopped out)

08:58 > Before 10:00 bias still shorting, our target still 53-52.

10:25 > Stop 60.50, shorting bias, target 1253 and 50

11:00 > Stop/trailing 1257.50, short side.

11:40 > Stop/trailing 56.50, target 50 and target 1244 tomorrow.

11:52 > If do not wan to cut profit short, use 1253 trailing.

(After 12:00, there was a buy scalping with 48.50 stop, broken by 1 tick, stopped out 1 pt)

12:20 > Short side trailing at 1252; do NOT try to buy.

[Result: Day high 1262.75, Day low 1246.50.00, Close 1247.50]

Trades for 07/12/2006 Wednesday

Opening > stop 1282.75, shorting bias, target 1273.

08:10 > Stop 1278, trailing short, target 73;

08:40 > Stop 1273.50, buy side scalping, target 1277; then reverse to short with 78.50 stop, for target taking out yesterday's low 1267.50

After 9:30 > Stop 1273.50, (MA room) dump 1272.50, target 1268-67.

11:00 > Stop/trailing 1269.75 for target 1264-63.

afternoon > short side stopped out twice (both with 1/2 profit, 1/2 stoppe out).

Final hour > Target 1250-1249 not ruled out tomorrow.

[Result: Day high 1281.25, Day low 1264.50.00, Close 1268.25]

 

Trades for 07/11/2006 Tuesday

Globex > Stop 1278, shorting bias, target 1266

Opening > stop 1276.50, shorting bias, target 71-70

06:57 > Stop 1275.50, shorting bias, target 71-70 and 66-65 not ruled out.

08:00 > Stop 1271.50, shorting again for target 1266.50; then Stop 1262.75-63, buying bias.

10:00 > Stop 1271, short, target 63-64; stop 62, revese to buying bias. (Short side 1/2 profit taken and 1/2 stopped out 1271)

10:56 > Market reversing UP; Stop 71, buying bias, target 1276 and 83-84.

11:23 > Stop 1277.50, short scalping, target 1273-72; then support 1270, reverse to buy side again. (short side 1/2 profit taken and 1/2 breakeven)

[Result: Day high 1282.50, Day low 1267.50.00, Close 1282]

 

Trades for 07/10/2006 Monday

Opening > Stop 1281.50, short side. (1/2 profit, 1/2 stopped out)

09:17> Stop 1281, shorting bias, target 1273-72.

[Result: Day high 1282.75, Day low 1272.50.00, Close 1277]

Trades for 07/07/2006 Friday

Globex before Job report > Support 1277 buy side; Resistance 1290-92, short side.

After Job report > Stop 1289, short bounce again, target 1282-80.

Morning > Then stop 1277, buy side scalping, target 1281-82.

Midday> Stop 1288, short side

After 11:20 > Stop 1281, short bias, target 1272

After day low violation > Stop 1278, shorting, target 1272

[Result: After job report high 1290, Day low 1271.00. Day high 1284.25, Close 1275]

 

Trades for 07/06/2006 Thursday

06:30> Stop 1284, short side. (1/2 little profit; 1/2 breakeven)

07:00> Stop 1280, buy side, target 1286-87

07:21 > Stop 1282, buy side, target 89; possible closing range today 1282

08:00 > Stop 1283, buy side. (1/2 profit; 1/2 breakeven)

Final hour > If tomorrow's job report is bad, it will spike up to 88-90 area; then try to short with 90-92 resistance.

[Result: Morning high 1287.50, Day low 1279.50. Day high 1287.50, Close 1283]

Trades for 07/05/2006 Wednesday

06:50> Stop 1282, short, target 1276.50, 1273.

07:13> Stop 1280.50, short, target 1276.50, 1273.

09:00 > Stop 1280, short bounce again. (stopped out 1 point)

[Result: Morning high 1283, Day low 1274. Day high 1283.50, Close 1279.50]

 

Trades for 07/04/2006 Tuesday (Room closed)

Trades for 07/03/2006 Monday (Room closed)

[Result: Day high 1289.75, Day low 1281.50, Close 1288.25]

 

Trades for 06/30/2006 Friday

06:20 > Stop 1287.50, short, target 1283.50, 1280. Support 76, buy side. (MA: IF it spikes to 87-88 after opening, short aggressively for target 1278-79)

07:30 > Stop 1284, short bounce again.

[Result: Day high 1287.25, Day low 1279.25, Close 1282.25]

 

Trades for 06/29/2006 Thursday

06:30 > Agg stop 1259 for buy side, target 1267. Yesterday's 1255.75 violation = reversal up.

07:00 > Target 1268, 69 and 1273; do NOT try to short; shoring is against trend.

07:40> Stop 1268.75, for short side scalping after 8:15 only, target 1264-63 before 9:30.

Before FOMC > Support/stop 1261-62 for buy side, target 65.50-66; 66.75 violation = target 1273-1275. Stop 1266.75, for short scalping, target 63-62. My bias indicators favors buy side for FOMC, 66.75 violation for target 1273.

After FOMC > Stop 1268.50, still buying bias for buy side reentry, risking 2 points, target 1279-81 and 83.50

Final hour > Do NOT try to short against trend; Why 90% futures traders lost, because they alway trade against trend.

[Result: Morning low 1261.50, Day high 1283.50, Close 1282]

 

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