June 20
YM 145
EMD 20
ER2 240
DAX 3900
ESTX 740
SMI 850
Net 5,895 / 29,475

Another great day on the European indices.

The dax turned in a stellar performance after some dramatic news midday (European time). Well , I assume it was news.

This gave me the heads up not to play the open gap fade trade ( saved a fortune there) - so all in all a very productive day.

The ER2 (now TF symbol) worried us slightly in that we were down about $550 per contract at one stage and my get out finger was twitching but the main trend was down so we hung on and got out right near the low after it made fresh new lows for the day.
I had discretionairily stopped half my position after it went down about a point and then just couldn't get any further. I am not the world's best at tape reading but it tried and tried over about 6 minutes and just couldn't go down so I assumed it would at least take a breather.
I re entered a little early and took some heat but the profits reported here don't include the extra bunce I actually made. ( about 3 more points).
What is extra nice is that we were upgraded to 5 contracts 2 sessions ago so this really helps us leap over that small hurdle nicely.

Just to put things in context - today we made 150% of our original 20k equity in profits due entirely to position sizing. So we are now past the magic 100k figure - hurrah!

It is also our 4th new equity high of the week which is truly something. Drawdown's are just around the corner.

Attached Images

tf.png (49.8 KB, 9 views)