The market continued yesterday afternoon's bullish activity through most of the early morning before consolidating into a new value area.
First trade of the morning short at 7:12 at 848.60 for +0.5. Second trade of the morning long at 7:42 at 848.70 for -0.6.
Net on the morning: -0.1
The market gapped down nearly 7 points this morning but couldn't sustain overnight action. The bulls came back and pushed to fill the sizeable gap, however, most likely this will not be filled until this afternoon.
First trade of the morning short at 6:30 a.m. at 832.30 for -1.8. Second trade long at 6:42 at 832.60 for +3.1. Third trade of the morning short at 7:21 at 836.40 for +1.5.
Net on the morning: +2.8
The Russell gapped up slightly and then pushed higher most of the morning before settling into a late morning consoldiation.
First trade of the morning is long at 6:31 at 841.00 for -0.8. Second trade of the morning is long at 6:42 at 842.10 for +3.5. Third trade of the morning is short at 7:15 at 846.60 for +0.6. Fourth trade of the morning is long at 7:42 at 845.7 for +1.0.
Net on the morning: +4.3
The market opened with little activity and continued to consolidate for most of the morning in a fairly tight 1.5 point range.
First trade is short at 6:37 at 835.8 for +0.4. Second trade is long at 6:54 at 835.5 for +0.1. Third trade is short at 7:19 at 835.5 for -1.8. Fourth trade is long at 7:31 at 837.5 for -1.2.
Net on the morning: -2.5
The market opened above Friday's high and continued to push higher all morning. This was a very high volume active morning with strong bullish activity.
First trade of the morning at 6:42 at 825.2 for +7.9
Net on the morning: +7.9
The Russell gapped up a little over 2 points this morning but failed to push higher. The market moved back down towards yesterday's close before again testing to the high of the day.
First trade of the day is long at 6:31 at 818.70 for -0.7. Second trade of the day is short at 6:42 at 818.00 for +1.5. Third trade of the morning is long at 7:03 at 816.50 for +1.7.
Net on the morning: +2.5
The market gapped lower and continued to head toward's yesterday's lows right from the beginning of the morning. Although a few slight pullbacks occured, the bears had control for the majority of the morning session.
First trade of the morning was short at 6:33 at 820.5 for +2.4. Second trade of the morning was long at 7:08 at 818.3 for -0.5. Third trade of the morning was short at 7:23 at 817.6 for +0.4.
Net on the morning: +2.3
The market opened with little enthusiasum for either direction this morning and stayed in a fairly consolidated range the entire morning.
First trade of the morning was a short at 6:45 at 817.50 for -0.2. Second trade of the morning was a long at 7:17 at 817.50 for -1.8. Third trade of the morning was a short at 7:25 at 817.30 for +0.3.
Net for the morning: -1.7
The Russell pushed lower to yesterday's low early this morning and then bounced back strongly around 10:00 EST driving new highs to 830.00. This was a strong market for momentum trading.
First trade of the morning was long at 7:01 at 823.00 for +5.6. Second trade of the morning was short at 7:37 at 828.50 for +1.5.
Net on the morning was +7.1
The Russell had no gap this morning but promptly moved up to test Friday afternoon's highs. The bears couldn't sustain the push and the market broke down to retest Friday's lows.
First trade of the morning short at 6:52 at 831.80 for +2.4. Second trade of the morning long at 7:47 at 828.6 for +0.1.
Net on the morning +2.5
The Russell gapped up slightly and then stayed within a consolidated range most of the morning before breaking highs of the day around 11:00 EST.
First trade of the morning short at 6:47 at 824.5 for -1.8. Second trade of the morning short at 7:02 at 825.7 for -0.5. Third trade of the morning at 7:17 at 826.4 for +0.7. Fourth trade of the morning short at 6:32 at 827.00 for -0.5. Fifth trade of the morning long at 7:47 at 827.5 for +2.7.
Net on the morning: +0.6
The Russell gapped down modestly overnight and continued to push lower early in the morning. Later in the morning the market attempted to fill the gap but never exceeded the open.
First trade of the morning long at 6:54 at 829.70 for +0.2. Second trade of the morning was short at 7:17 at 830.00 for -1.8.
Net for the morning: -1.6
Well this has been an interesting month in that there were few large winning days; however, overall win ratio was high. My net for the month was +21.2 points which is actually a little more than my monthly goal of 20 points. The following table shows my trades and analysis for the month:
| April 2007 Trading Summary for Russell Futures (Actual) | |||||
| | | | | | |
| Date | Trade 1 | Trade 2 | Trade 3 | Trade 4 | Net |
| 4/2/07 | 2.5 | -1.3 | | | 1.2 |
| 4/3/07 | -1.3 | 1.1 | | | -0.2 |
| 4/4/07 | 0 | | | | 0.1 |
| 4/5/07 | No Trades | | | | |
| 4/6/07 | | | | | |
| 4/9/07 | -1.1 | 2.0 | | | 0.9 |
| 4/10/07 | -1.8 | | | | -1.8 |
| 4/11/07 | No Trades | | | | |
| 4/12/07 | 3.6 | 0.1 | | | 3.7 |
| 4/13/07 | 2.1 | 1.9 | | | 4.0 |
| 4/16/07 | -0.4 | | | | -0.4 |
| 4/17/07 | 2.0 | -0.4 | | | 1.6 |
| 4/18/07 | -1.8 | 0.8 | -1.3 | | -2.3 |
| 4/19/07 | -1.3 | -1.5 | -1.8 | | -4.5 |
| 4/23/07 | -1.8 | 0.1 | 0.4 | | -1.3 |
| 4/24/07 | 3.4 | | | | 3.4 |
| 4/25/07 | 2.8 | | | | 2.8 |
| 4/26/07 | -1.8 | 1.2 | 2.5 | | 1.9 |
| 4/27/07 | 0.1 | 3.0 | | | 3.1 |
| 4/30/07 | 1.1 | -1.2 | 0.1 | | 0.0 |
| | | | | | 21.2 |
| | | | | | |
| | | Largest | Largest | Average | Average |
| | Win Ratio | Winner | Loser | Winner | Loser |
| | 58% | 3.6 | -1.8 | 1.62 | -1.31 |
The market opened down but rallied quickly filling the overnight gap. The market moved up from there and sought out yesterday's highs.
First trade of the morning long at 6:55 at 829.7 for +3.0. Second trade of the morning was short at 7:47 at 831.7 for -1.8.
Net on the morning: +1.2
The market gapped down overnight roughly 4 points. The market continued to push lower through the early morning and met little resistance until later in the morning when it partially retraced to the 828.00 area.
First trade of the morning was short at 6:33 a.m. at 829.8 for +5.0 points. Second trade of the morning was long at 7:18 at 825.1 for +2.0 points.
Net on the morning: +7.0
The market opened up after yesterdays strong close but failed to sustain new highs. The market moved lower most of the morning from there seeking yesterday's value area and then consolidating.
First trade of the morning short at 6:45 a.m. at 837.00 for +.04. Second trade of the mornign was long at 7:20 at 836.00 for +.01.
Net for the morning: +0.5
I'm not going to post a trade by trade analysis of this week, but I've included pictures of trades for the system.
Although there were some strong trends this week, particularly on Wednesday, the system didn't capture much action. Thursday and Friday were quite choppy after several large moves earlier in the week.
Well I as promised, here are some pictures of me trading in Mexico. No problemo!
Type rest of the post here
In case folks are wondering why I'm not posting regularly this week, I'm in Mexico (Puerto Penasco) with Avery aka TheRumpledOne. We are loving the view every morning from the beach while he pounds at the pound and I scalp the Russell. Life couldn't be better. I'll post some pictures later this week.
Type rest of the post here
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