Friday 7 January 2011

Launch Day

First day of live trading, with CQG trial setup for charts and Bloomberg 60 day free access organised

Traded well, followed plan and ended up for the day

Euro / USD

mainly going short, as it looked to break major 50% level from 1.18 to 1.45 uptrend

E-mini S&P500

Strong Market profile shape, daily rejection and ADP data strength gave big downside risk. Was short a 1 lot going in which proved correct. With unemployment going down to 9.4% unexpectedly and this measure being what fed was looking at, then looked to establish longs. These were stopped out for scratch.

End result: Hit profit target - up 737.50, less 77 for costs. 32 euro ticks 5.5 full S&P ticks

Thoughts - tended to look for longs after shorts were exited, couldve stuck with original plan in sp500 and made significantly more

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