Monday, September 20, 2010

Weekly review 9/19/2010

Greetings everyone,

As we do every week, we are going to review our trades over the last week and we will start our review this week with futures and stocks and specifically with the Dax Futures

FUTURES & STOCKS

Dax

Here is how the Dax technique has fared for us.  This week, we executed two operations and made 13 points.  To date, we have gained 160.5 points or 4,012.50 euros ($5,216.25) per Dax contract.
 MiniSP

And so what happened with the Sp this past week?  Take a look at the following chart from Monday to Thursday. There was a strong upward gap on Sunday night and then movement without any tendency making it impossible to trade.
 The problem is that on Friday, except for an initial movement lasting 15 minutes between 1127 and 1118 it was more of the same: A lateral with a range of only 4 points for 16 hours until the close.
 Therefore, we can’t even touch the Sp at the moment and, as you may remember, the previous two weeks were identical.
 With regards to the MiniSP, here are our numbers for the past 6 weeks.  We executed 81 positive operations against only 4 negative ones for a total profit of 142.75 points ($7,137.50 per Sp contract).

If you take under consideration that we have made these gains in August, when volumes are low, we consider these to be very good results but the problem we have now is that since Thursday, August 26th, the market has completely stopped and we only saw volatility when macroeconomic reports were announced.  This is why we have not made any trades for the MiniSp future for the past 16 sessions.  We hope that starting on Monday, we will begin to trade normally once again.


Week
Positive
Negative
SP Points
July 26-30
10
1
19
August 2-6
18
1
27.5
August 9-13
13
0
15.75
August 16-20
26
1
47.5
August 23-27
14
1
33
TOTAL
81
4
142.75


LAST WAVE

For the Last Wave Technique, we also hope the market starts to move normally so we can begin to send trading signals once again. 

FOREX

These were our operations for this past week:
We had 2 positive operations versus 3 negatives for a loss of -45 pips.

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