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No, just following my rules....

Pre-8.30 AM (EST) trades: Long 119 contracts. Closed for profit of $2250. Flat before the 8.30 AM jobs report.

KRSNA: You said: Based on figures posted here, you have a profit factor roughly of 4.18 on gross profits. Could you please let me know how you computed this? I am curious, and, am definitely "math challenged". Also, you said: Next you need to know your compound ratio. what is a compound...

Hello KRSNA, Thank you for the note. How interesting.... On the issue of commissions, I am currently paying 3.50 round turn (all expenses included). So my net return on a single tick of profit is $9. So my PF, as you put it, is above 2.0. I am looking at leasing a seat at CME (rather than go...

Total contracts traded for 07-06-06 = 527 Total Profits for the day = $5612.50.

12 noon to 4 PM trades: Short 208 contracts. closed for a profit of $1925. Very choppy action. I was stopped out once when the ES went past 1284.50 and lost $$$. Then I re-entered shorts when the down move stated again, and made a small profit. Lots of contracts traded but very small...

Is today one of those days when the gap will be filled in intra-day trading???? Sure looks like it. Twenty minutes ago I closed my longs and went short..... Let us see.....

9 AM to 12 noon trades: Long 150 contracts closed for a LOSS of $250.

Hi Jimmy Thanks for that observation. You are absolutely right. Timing is the big issue... not "if" the gap will be closed but "when". I have had reasonable success playing the gaps but I have also had really bad days precisely because I have been too stubborn to acknowledge that the market...

3 AM to 9 AM trades: Short 102 contracts. Closed for profit of $1912.50.

Pre-3 AM trades: Long 55 contracts. Closed for profit of $2025.

No Trades for Today

Just watching the market to see if the Emini will find a bottom and reverse to the long side around 1270..... or continue lower below the 1272-1270 area to close the gap around 1258.

Sorry, I was too eager to get an early start on my long holiday and did not update the trades for the last trading day - Thursday. SO here is the summary for the day. Total contracts traded = 300 Total Profits for the day = $2600 LOSS. This was definitely a very bad day. I expected the...

Trades from 12.00 Noon to 2.00 PM (EST): Short 60 contracts closed for profit of $700.00 Flat before the FOMC announcement.

Trades from 9.00 AM to 12.00 Noon (EST): Short 100 contracts closed for loss of $8737.50

I really appreciate your kindness.

Was too lazy this morning to post pre-3.00 AM results. SO, I lumped trades upto 8.30 AM below: Long 144 contracts ESU closed for profit $5437.50

Please dont stop posting. There are always jerks around. Just ignore them and go about your business.