Dow and S&P Emini markets with Trading Grail(r)
Had I known the Dow and S&P were gonna have a tough open, I would have been happy with my bond and euro profits and gone golfing the rest of the day. I sometimes try to trade them both… I like 2 points on the s&P and 20 - 30 points on the DOW to make me happy — or a combination of them both.
I only traded the dow minis but I wll still put up the S&P minis too. To obtain 2 points profit today in the S&P, one would have had to take about 6 trades. I shoot for a point per trade, and if I lose I shoot to make 2 points to get back to even - at that point I usually quit. To make 2 points on that trading strateg you would have done the following: First trade gave us an easy 1 point profit, 2nd trade stopped out at 1.5 points; 3rd trade stopped out at 1.25 points (WOW) Finally a nice 2 point winner, and a nice 1.75 point winner puts us at our 2 point goal around 10:15 am. Dicey - YES - profitable - YES.
Folks sometimes markets get hard to trade. Today was a bit tough. Trading Grail came out on top today trading the S&P. Here is the chart, and then I’ll go over my live dow trades:
Now moving on to my favorite market: the Dow Eminis. I absolutely love trading the dow minis! I had 3 losers right out of the gate for a drawdown of -29 points on 10 lots your down -$1450. I followed up with 3 straight winners of 10 points/ 27 points and 10 more points for a total of 18 points profit — about $ 900 profit per 10 lots. I wish I kept going because Trading Grail caught some super sweet moves later on in the morning . Really though I had 3 profitable days on 3 markets so I really cant complain.
Also, on my fourth trade, I took 10 points. Usually I let the trailing stop get me out - this time I didnt. I was down 29 points and 10 points is better than 30% of my loss so I punched my ticket on it. Same thing with the following trade. I was trying for 10 more points - but it retraced before I could exit - but after that it spiked up and I rode it up!!!
Very awesome way to start a holiday weekend. Oh yaeh! I will post charts tomorrow but I seriously doubt I will trade… I love long weekends!!!
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