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OUR TRADES FOR

May, 2011

= Direction Accuracy 

We risk 1 point from the stop (Time: PST)
 
 
May 27  Friday
 

[07:29:13] <G-> use 27 support

[07:08:33] <G-> sp 28 go side line

[06:44:58] <G-> agg stop 27 for target 38.5

6:30> wait for 6:55 mich sentiment report; we favor BUY SIDE today.

[06:06:36] <G-> if gap filling first then support 25 for buying

05:31> Support 25, buy side ,target 38.50.

   
May 24  Tuesday
 

[11:10] if bounced to 1318 area 20 still stop for shorting and hold overnight

[10:31] agg stop at 1300.75 stop for target 18

[08:20] short side stop at 20

[05:30 Tue.] resistance 1324 for shorting, gap filling possible

[13:45 Mon.] if 1312 intact thru 3:30pm, then it will bounce to 1322 area or 1323.50 area before 5:30am

   
May 20 Friday
 

 12:45> Carrying short over weekend.

[12:28:18] <G-> short side trailing 36.50 target 32

[06:13:44] <G-> [[-STOP-]] 1342 after opening, target 1330.

03:55> Resistance 1341.50, for target 1130

 

13:00> for night session, stop 1343.75 trailing; if broken just stay side line.

For Friday

 

   
May 18 Wednesday
 

[11:14] 1340.5 for sclaping to 34-35; expected closing range 1337-38.

[11:01] short side sclaping with 1340.50 stop, target 34-35.

[10:58] today's target 39 achieved !

[08:43 ]  support 1328-29 for buy side, target 1338-39

[07:56 ] timing 8:00-10:30 for consoildatting; expected closing area 1337-38 area.

[07:42 ] MOC high closing for today; support 27-28 for buy side.

[06:20 ]  support at 21-22 for buy side and expected closing above 28-30 today

02:23> I will try short side with agg stop 1330.5 or 1332 stop for gap filling first.

 

   Low 1324.50, High 1340.50, Close 1338.50.
May 11 Wednesday
 

22:30 Tuesday> One day consolidation on Wednesday.

Resistance 1357.50; support 1348. Watch out ! Silver and gold have bounced to near extreme area (SI 39.90), since SP/GC/SI are in sync,

SP is going to correct with 1357 resistance starting from midnight.

 

 

   
May 2 Monday
 

15:12 Sunday >    Resistance 1372, 77 for shorting; Monday gap up opening for shorting; try near midnight

15:49> SP 67-68 resistance for shorting.

[06:28:00] <G-> resistance 70 for gap filling.

[06:46:13] <G-> 61 a stalling area for short covering.

[07:02:33] <G-> agg stop 68.5 for shorting again.

 

 

   High 1377.50, low 1354.50, close 1357.75
April 29 Friday
 

 

13:30 Thursday>  

My trading for Friday:

Resistance 1357 for short scalping target 49-48 not ruled out before midngiht; support 1348 for buying. Target 62 for Friday and target 1377 not ruled out on Monday. 

   
   
 

[11:10:45] <G-> if bounced to 18 area 20 still stop for shorting and hold overnight

[10:31:34] <G-> agg stop at 11-00.75 stop for target 18

[08:20:45] <G-> short side stop at 20

7:00 expected new home sales300k; conservative strategy: no trades before report.

[05:30:00] <G-> resistance 1324 for shorting, gap filling possible; today is a bouncing day, short side not easy; yesterday's 1328.50 gap filling also not ruled out with 15 support.

22:50> market is following greece news; we believe the correction is not over; currently, it is in bouncing mode, a setup for another plunging in next 3-4 days.

[13:45:26] <G-> if 1312 intact thru 3:30pm, then it will bounce to 1322 area or 1323.50 area before 5:30am

   
 
 

[07:29:13] <G-> use 27 support

[07:08:33] <G-> sp 28 go side line

[06:44:58] <G-> agg stop 27 for target 38.5

6:30> wait for 6:55 mich sentiment report; we favor BUY SIDE today.

if [06:06:36] <G-> gap filling first

05:31> Support 25, buy side ,target 38.50.

22:51> Try short side scalping after midnight for target 1326.50. Try buy side in the morning for target 1337-38.