Thursday, August 19, 2010

Thursday Summary: +19 for Sp ($950 per contract)

We had a great day trading MiniSP futures with a gain of 19 points ($950/contract) from 6 operations.  For the week, we have executed 21 trades, 20 positive and 1 negative, for a gain of 41.5 points ($2075/contract) with the following operations:  

This morning, there was no Dax trade due to a lack of range at the opening.

With regards to FOREX, we only operated the European Morning Technique, hitting the stop for the shorts when England reported that retail sales will rise 1.1%, when the market expected a rise of only 0.4%, making the pair rise more than 100 pips in one minute.  It was a shame as the technical aspect of the short was very good.  

Regards,

Daily Market Advice

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