Our daytrading model is still having difficulty finding profitable trades and accurately calling the overall tone of the day (trending vs. reversion). Today we lost $882 on 2 trades in ES. After 2 losses, we stop trading that contract on any given day. On the flip side, we got long NQ at 10:30 and stayed in the trade until our 4:00 exit, taking advantage of most of the afternoon rally. We closed out that trade with a $720 gain. Net on the day, both contracts, was a loss of $162.

Our relative underperformance in our daytrading model has been more than offset by the excellent performance of our trend following model. Today was no exception, with another big day for Gold, and continued weakness in the grains (of which we are short). Some of the grain weakness is being attributed to the cancellation of an ethanol subsidy program in Germany, which is weighing on global grain (and soybean) prices.

Our positions:

Contract	ctrcts	Open P/L	days on		Contract	ctrcts	Open P/L	days on
@US.P	0	$0	0		@NG.P	0	$0	0
@TY.P	0	$0	0		@KC.P	0	$0	0
@FV.P	0	$0	0		@SB.P	3	$4,538	39
@EC.P	0	$0	0		@CT.P	0	$0	0
@JY.P	-1	$6,350	37		@GC.P	3	$10,660	50
@CD.P	0	$0	0		@SI.P	1	$300	1
@C.P	-4	$6,450	67		@HG.P	2	$25,750	118
@W.P	-3	$1,750	14		@LB.P	0	$0	0
@S.P	0	$0	0		@ES	0	$0	0
@CL.P	0	$0	0		@YM	0	$0	0
@HO.P	0	$0	0		@NQ	0	$0	0
		Total Open Trades			$55,798
		Total Closed Trades			$7,580
		Total			$63,378

That is all for today, good luck and good night!