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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. 

 

August 2006

= 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 08/31/2006 Thursday

Globex > Support 1302, buy side.

Opening > Support 02; resistance 08

Final hour > Expected closing range 1306-1305.50

[Result: Day low 1303, Day high 1308.25, close 1305]

 

Trades for 08/30/2006 Wednesday

Opening > Support 1303-04.

06:40 > Stop 1308, short, target 1305.50 for 1/2.

08:00 > Side line.

11:30 > Expected closing range 1306-1305.50; short again if it tested day high again.

[Result: Day low 1303.75, Day high 1308.75, close 1305]

Trades for 08/29/2006 Tuesday

Opening > Risk 0.50; Stop 02 for buy scalping; 07 stop for short scalping.

07:00 > Stop 1304.75, short, target 00.50, 98, 97.

09:30 > Support 1296, buy side, target 1302; 1303.75 resistance for short scalping.

[Result: Globex low 1294.75, Day low 1297, Day high 1307.50, close 1305.25]

 

Trades for 08/28/2006 Monday

Opening > Stop 1293, buy side; stop 1302, short side.

9:30 > Agg stop 1302, buy side

[Result: Globex low 1294.75, Day low 1295.75, Day high 1307.50, close 1304]

Trades for 08/25/2006 Friday

Opening > Today's trading range will be 1300~1294 or 1302~1293

07:45 > Stop 1300.50, short, target 1295.25.

[Result: Day high 1301.75, Day low 1294.75, close 1297.75]

 

Trades for 08/24/2006 Thursday

Globex > Support 1292, buy side; Resistance 1298.50

Opening > Resistance 1303.50 for shorting; support 94.50 for buy side.

07:46 > Stop 1298.75, short, target 1294-93.

10:00 > stop 1292, buy side, target 1297-98. Expected closing range 95.50-97.50.

[Result: Day high 1300.75, Day low 1293.50, close 1296.50]

 

Trades for 08/23/2006 Wednesday

Opening > Stop 1303.75, short, target 1298. (stopped out by 2 ticks)

07:15 > Stop 1302, short, target 1297; and 96 stop (buy side) breakout for target 1292.

10:00 > stop 1298, short, target 1292; support 1290-92, buy side

[Result: Day high 1304.25, Day low 1291.50, close 1297.75]

 

Trades for 08/22/2006 Tuesday

Globex: Resistance 1306.50-07.50, short side.

Opening > Stop 1302.75, for short side, scalping, target 98.50. Support 1295 for buy side. (short side stopped out 1 pt).

09:30 > Stop 1302.50, buy side; 1302.50 = breakout for down side target lower low. (Buy side stopped out 0.5)

10:13 > Resistance/Stop 1303.25, short side, target lower low.

10:54 > Stop 1300.75, short scalping, target 1296. (1/2 in profit; 1/2 breakeven)

[Result: Globex high 1305.50, Day low 1297.25, Day high 1305.75, close 1302]

 

Trades for 08/21/2006 Monday

Opening > Stop 1304, for short side.

Midday > Support 1295, buy side. Expected closing range 1301-02.

Final hour > Resistance 1306.50-1307 for Globex short.

[Result: Globex high 1306.75, Day low 1298.50, Day high 1303.50, close 1302]

 

Trades for 08/18/2006 Friday

Globex> Trend still up, strong support 1292, still buying bias.

Opening > Trend is still up; should buy pull back; any short for scalping only.

06:56 > Stop 1300.50, short scalping only, target 95. (1/2 profit, 1/2 out)

11:00 > Stop 1304.50, short scalping. (1/2 profit, 1/2 breakeven)

[Result: Day low 1296.75, Day high 1307.75, close 1307.25]

 

Trades for 08/17/2006 Thursday

Globex> Trend still up, but one day consolidation. Strong support 1290 buying bias.

Opening > Possible narrow (7 points) trading range 1300-1293; stop 1300.75, short, target 1295-94. (1/2 profit and 1/2 stopped out).

Side line for the rest of the day.

Final hour> expected closing range 1301-02.

[Result: Globex Low 1285.75, Day high 1303.75, Day low 1297.50, close 1301]

 

Trades for 08/16/2006 Wednesday CPI better than expected)

Globex> Support 1283 buy side, target 1297.

Opening > Stop 1290, buying bias, target 1297.50-99.50

07:45 > Stop 1291.50, buying bias, target 1297-99.

10:37 > 1292 is support pivot for up side; we do not have stop for short side, because shorting is against trend. 1292-93 still support for buy side.

[Result: Globex Low 1286.75, Day high 1300.25, Day low 1291.750, close 1298.75]

 

Trades for 08/15/2006 Tuesday PPI core exp +0.2 ; actual down 0.3%

Globex> Support 1270. If report is good, it will spike to 1285.

Opening > Stop 1280, buying bias, target 1287; then 1288 resistance for short scalping, target 1283; main trend is UP, short side for scalping only.

Final hour > Stop 1283, target 1297 tomorrow if report is good.

[Result: Globex Low 1273, Day high 1287, Day low 1280.50, close 1287.75]

 

Trades for 08/14/2006 Monday

Opening > Stop 1275.25, buy side, target 1283, 85

09:00> Resistance 1285, short side.

11:00> Stop 1281, short side

11:30> Stop 1278.50, short, target 1273

[Result: Globex Low 1274.25, Day high 1283.25, Day low 1270.75, close 1273.25]

 

Trades for 08/11/2006 Friday

Globex > Stop 1277 for short side; stop 1271 for buy side.

Opening > 1277-78 resistance for short side, target 72-71; 71 support for buy side, target 75; 1271 breakout for 1266-65 target.

7:00 > Stop 1273, short, target 1266-65.

[Result: Globex Low 1273.50, Globex high, 1277, Day high 1273.75, Day low 1264.75, close 1272.25]

 

Trades for 08/10/2006 Thursday

Globex > Iif 1274 is intact by midnight. Resistance 1274, short side, target 1265, 1261; Strong suppot 1261 for buy side.

Opening > Stop 1271, short again, target 1265-64; then short bounce again with 71 stop.

After 8:00 > Resistance 1274 for short; Support 1268 for buy; both are breakout pivots.

[Result: Globex Low 1262.50, Day high 1277, Day low 1264.75, close 1275.50]

 

Trades for 08/09/2006 Wednesday (FOMC, pause of rate hike)

Globex > Stop 1275, buying bias, target 1284-85; then ready to reverse to short; target 1265-60 is not ruled out in this week.

Opening > Stop 1279.25, buying bias, target 1285, 1289-90

Midday > Market reversed, stop 1284.75, short, target 1277

10:00 > Stop 1282, shorting bias, target 1277 before 12:15 and breakout for target 1273-72

[Result: Globex Low 1276, Day high 1288.25, Day low 1278.25, close 1271.50]

 

Trades for 08/08/2006 Tuesday (FOMC, pause of rate hike)

11:30 > Range extreme at 1287 and 1273. Strong support at 1272.

[Result: Day high 1287.75, low 1272, close 1282.50]

 

Trades for 08/07/2006 Monday

Opening > Resistance 1285.50, short side; support 1277, buy side.

Final hour > Strong support 1272

[Result: Globex high 1284.75, Day high 1283.75, low 1277, close 1282.50]

 

Trades for 08/04/2006 Friday (NFP weaker than expected)

If Job report is weak, it should spike up and reverse.

Breakout pivot = 1282.75 for target 1278-76; breakout pivot 1293 for target 1297

7:00 > Resistance 1295.50, short side, target 1285-84.

Afternoon > Support 1277-78, buy side, target 1283-84

[Result: Globex high 1297.75, Day high 1297.75, low 1278, close 1285.50]

Trades for 08/03/2006 Thursday

Globex > Resistance 1285.50 for short, target 1280-79; Support 1279 for buy side; 1279 violation = breakout for target 1275.

Opening > Stop 1281, short, target 1274; support 1273, buy side after 9:00.

Midday > Stop 1279, buy side, target 1288

Afternoon > Resistance 1288.75, short scalping for 3 points

[Result: Globex high 1284, Day high 1289, low 1274.75, close 1287]

 

Trades for 08/02/2006 Wednesday

Globex > Support 1272-73, buying bias.

Opening > Stop 1278, buying bias, target 1284-85 before 7:30.

7:08 > Cancel the buy side, cuz it broke 1280 again after 7:00.

8:50 > support 82, buy side, target 1287

Final hour > Tomorrow market will be bearish.

[Result: (Globex low 1275.75, Day high 1288.25, low 1279, close 1284]

 

Trades for 08/01/2006 Tuesday

Opening > Stop 1280, short side

Morning > Stop 1275.50, short side

Afternoon > Stop 1275.50, short again, target 1270.50 testing.

Final hour > Stop 1274.75, short again, 1/2 profit taking at 1272.50, 1/2 1273.75 trailing out.

[Result: Globex hi 1283, Day high 77.75, Day low 70.25, Close 76.75]

 

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]

 

 

 

 

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