Friday, January 06, 2006

The precious metals are once again the story, with the Feb06 Gold contract setting a new closing high. Silver rallied along in tandem, but it appears to be underperforming Gold slightly.

Yesterday, we mentioned that our Yen position was getting pretty close to our exit stop, and our fears were confirmed today, with a strong Yen rally. We covered our position at the close. This will show up on tomorrow's (Monday's) reports.

Our TNR model was calling for a trending day in NQ, and that is what we experienced. We initially went short on the morning sell-off, but once the rally kicked in we were stopped out of that position, and went long at 12:00. This we rode up to our 4:00 exit time. Net total profit on the day was $204.

The TNR model is calling for a Reversion day on Monday in both ES and NQ.

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 $672 67
@EC.P 0 $0 0 @CT.P 0 $0 0
@JY.P -1 -$3,250 66
@GC.P 3 $6,690 78
@CD.P 2 -$640 18 @SI.P 1 $1,415 29
@C.P -4 -$4,600 96 @HG.P 2 $2,200 146
@W.P 0 $0 0
@LB.P 0 $0 0
@S.P 0 $0 0 @ES 2 $3,725 28
@CL.P 0 $0 0 @YM 0 $0 0
@HO.P 0 $0 0 @NQ 2 $3,600 13











Total Open Trades
$9,812




Total Closed Trades -$1,050




Total

$8,762



Good luck, and have a great weekend!

5 Comments:

Anonymous Anonymous said...

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Regards,

Emini S&P 500 Futures Daytrader
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7:28 PM  
Anonymous Anonymous said...

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Emini Futures Day Trader
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Anonymous Anonymous said...

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9:14 PM  
Anonymous Anonymous said...

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Anonymous Anonymous said...

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1:57 AM  

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