Technical Trades
Technical Analysis applied to Stocks and Futures.

Futures this week +$1950 net

(and yesterday)

Thursday was a tough day that saw me personally taking no advantage of the volatile hourly Fuzzy C support failure (see below) earlier in the day, which saw that 120 point move over 6 hours.

YM fuzzy C failure-Jan25.gif

The Vector system that was so rewarding Monday through Wednesday (+$2330 net) took a hit of 255 points, or net -$1600. The average daily profit was thereby slashed to +$183 net, as trading room visitors might have been silently questioning the sanity of what I was doing.

money_machine.jpg

But never fear, dudes, the trusty Vector signal was just having an off day.

Today, after missing the very first signal due to motor mouth syndrome (uppercut) I managed to hop on a nice +80 combined short to start the day out well. Then later, after the nice double bottom pattern and 3 unremarkable shorts, I took a long that scooped +205 combined, bringing the daily result to +265 and the weekly tally to a desirable +495 points from 25 setups. Weekly net around $1950 or $390 a day average. Not bad despite that “Ugly Thursday”.

uglythursday.gif

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