Solid session trade entry was based on: 1) materials (the strongest sector during the day) posted lower low, plus market internals were in favor w/ no $ticks above 1k and 4 $ticks below -1k. The short position was closed by take profit order, placed within couple of ticks before ES globex session overnight low - the support level that could stop the market falling further. Over more, before the trade entry, $tick have posted new session low below -1.2k. Usually it's ulikely to see sellers posting in futher $tick minus, so bears pressure have to wane. The result is plus near 3 percent for only 3 minutes.
In summarize, the past friday's target to regain almost 12 percent loss of 12th year week is completely done. And as a result of the last, 13th 2010 week, the fund have soared some 14 percent (7 ES points profit) w/ 5 out of 5 sessions finished w/ the profit. In particular, the average profitable trade (5 out of 6 week's trades) was plus near 2.8 percent w/ median trade duration (time between transaction open and close) of almost 11 minutes.
For the coming 3 last sessions of the march, my new target is accurately, w/ no huge drawdowns, again to post solid number of a percentage profit. But not necessarily repeat today's finished week result of more then 10 percent profit. At least, I do wish to stay in a symbolic green zone as of march.
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