Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 684.45

+0.1%

Dec 4 4:00 PM EST

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To: beckya who wrote (38213)	10/18/2005 4:04:45 PM
From: Ken Adams	Read Replies (1) of 39683

Becky... I watched the 60 minute ER2 today, along with my regular 5 minute. I didn't try to trade the 60 with MAX, but see a short clearly signaled at 1130 ET at 633.40. One would have had to close that about 1540 ET near 628 to avoid the margin double. So that would have produced a nice 5.40 gain, or $540 on a single contract. Yesterday, on the other hand would have produced a loss of about 4.40 points. Today, I did trade the 5 minute chart for 3 RTs with 5 contracts each time. One complete wash and 2 shorts for a total of $800 less comms. Today was a difficult day to trade my style and I missed the best trade of the day by being away for about 1/2 hour. Otherwise, movement seemed slow to me and I get uncomfortable with that. Still well ahead on the month, in spite of a couple of real dumb-bell trades staying "wrong" too long recently.

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