Wednesday, August 25, 2010

Wednesday's Summary (all gains): +10 Dax ($317.50), +4.25 Sp ($212.50),. +110 pips Forex

Good evening,

This morning, we gained 10 points with the Dax technique when we hit the stop profit we had set. The target was 31 points and, although in the end they were achieved, the market made some strange movements between 1051 and 1052 at the opening, like the Sp did yesterday, and this made us decide to define a stop profit, which was hit by 2 points before making the target.  We even considered closing the operation, once the gap had been covered, for a gain of 21 points because last week, on two occasions, the price made it to within 2-3 points from covering the gap only to then go the other way.  But, what matters is we have made 12 positives against only 3 negative ones and we have gained 160.5 points this month for the Dax (4,012.50€ or $5,095.87 per contract).

For the Sp this morning, we had one negative operation and one positive one for a loss of -0.75 points.   At the opening, we gained 5 points.  For the week, we have executed 14 trades for a gain of 33.75 points for the Sp. We did not operate the evening technique as the market was stagnant.

For FOREX, today we execute two European Morning trades: one Eur/Jpy long which closed for a gain of +50 Pips and the other Gbp/Usd long which hit the stop by only 2 or 3 pips for a loss of 30 pips, only to later rebound and remain for the rest of the day above our entry price (bad luck).  For the USA Morning, we execute one trade, +90 pips in the Eur/Jpy.

No comments:

Post a Comment