January Review

I was tracking a few setups in the last hour but decided to pass.  I did not want to get stuck with an open position over the weekend.  And with the way the market just bounced to the upside I'm glad I did.  We came back with a small winner this morning to snap that losing streak and overall it has been a very profitable month.  I would have liked to finish a little stronger but it's all about the long haul.  So we will be back on Monday rested, relaxed, refreshed, and rarring to go for another run as my friend Ben would say ;)  So I hope everyone has a great weekend.  Take care.

Numbers for the Month of JAN

Ex-1 = $3225.00 (+32.25% on our $10,000 deposit)

Ex-2 = $4820.00 (+48.20% on our $10,000 deposit)

1st Targets = 12 for 17 (70.59%)

2nd Targets = 6 for 17 (35.29%)

3rd Targets = 4 for 17 (23.53%)

GC Canceled

No Trade, moved back up.  I'm worried we are going to be last to the party like yesterday.  I've been working real hard to get into another trade but it seems to be getting choppy.  Moving to SOH for the lunch time session and we'll see if we can grab something before the close.

GC Entry Update

Move sell stop to 1075.8

Gold Short Entry

Symbol: GC
Chart: 5m
Entry: Sell @ 1075.6
Stop: 1078.2
Target 1: 1073.2
Target 2: 1070.2
Target 3: 1065.4

QM Canceled

Rolling over, No Trade.

Crude Long Entry

Symbol: QM
Chart: 5m
Entry: Buy Stop @ 74.350
Stop: 73.650
Target 1: 74.675
Target 2: 75.275
Target 3: 76.275

ES Stopped Out

So close on the 2nd target.  Missed by 1 tick.  Locals couldn't push it through 1093 and then began to sell.  We will watch for another entry.  Small gain to start the day.

Out @ 1088.00

ES 1st Target Hit

Looking good, locals in the S&P pit are all long trying to bid it up.

Out @ 1090.50

2nd target is @ 1093.50

Move stop to breakeven @ 1088.25

ES Buy Triggered

We are long 3 @ 1088.25

ES Update

Move buy stop down to 1088.25

ES Long Entry

Symbol: ES
Chart: 5m
Entry: Buy Stop @ 1088.75
Stop: 1085.25
Target 1: 1090.50
Target 2: 1093.50
Target 3: 1098.50

QM Canceled

Not feeling that big red bar.  No trade.

QM Long Entry

Symbol: QM
Chart: 5m
Entry: Buy Stop @ 74.400
Stop: 74.025
Target 1: 74.725
Target 2: 75.125
Target 3: 75.800

Watching Crude & Nasdaq

Looking at possible longs on QM and NQ.  Keep an eye on the 5m charts.