torsdag 16. juni 2011

16th of June trade log

Here is the updated trade log over the trades that have been posted on Twitter:
http://avantagefinancial.ch/intraday_service?avantagefinancial_ch=sci52jvh4mculaergl8o9cuhn7

Good day in the futures today, showing 1550 USD gain in the delta one trading, with all trades being winners. Still have a Euro and crude structure that I will keep overnight.

Perfect inside day in Crude for range trading and it treated me well playing the 94,60 to 95.30 range 7 times duting today's session. All were winners, so good thing.
Looking at the Crude oil chart it looks like yesterday could actually be a false break down. We will get the answer tomorrow most likley. The above average volume yesterday, do signal a potential reveral. Remember that the reversals normally take place on excessive volume days. It traded 323k contracts yesterday, by far the highest volume day over the last month.

Quite hectic day with another sell off in the Euro and Corn. S&P was very choppy and took out the key support at 1259, but found support down at 1252 and rallied into the close, which should open for a move close the gap up at 1277.50 from Tuesday.
See S&P 500 emini chart below. The average true range for the last 9 sessions is 16.9 points. We traded 2.478m contracts today, which is good amount, we have seen several reversals on days with 2,5m or more contracts traded. Yesterday had 2,7m contracts traded.

I was looking for Corn to bounce today as the gap down at 721 was filled, but it continued to tank and is down close to 100 points the last week, wow. The volume has also increased on the sell off and we have closed at the very bottom of the daily range 3 days in a row, which signals that smart money has been selling in force. Next key support is 686 now, the rising support from the March low.

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