Jun10 P/L%

Plus almost 3 percent in bucks term and plus 4 percent in ES points.

18/06/10

As the volatile session was coming to its final part I have opened the long position on:
1) industrials and tech sector - the 3rd and the 2nd weakest sectors - have posted higher highs;
2) $add made higher high, unlike ES equal highs;
3) internals were in favor, bullish: 2 $ticks above 1k vs zero $ticks below -1k.

But soon I had to fix small loss, cause a huge bunch of issues have appeared, calling for the market slide:
1) consumer discretionary sector - the weakest during the session - posted sharp downside move;
2) there were no ER and NQ higher high unlike ES have posted;
3) new bearish divergence w/ 3/10 oscillator and $tick confirmation have appeared;
4) no $add 2nd higher high unlike ES;
5) $vold was even more bearish with no higher highs at all.
The market in fact continued to oscillate near VWAP for a while after what have slided, like 5 issues above were calling for.

Btw, attention!
Right from now I do stop reporting here about all trades I do open.

17/06/10

Todays long position was absolutely based on VWAP strong breakout rule, I have revealed at the past month. Want to emphasize, like I have mentioned before in the rule notes, that VWAP breakout pattern have executed perfectly even on the back of internals that were not in favor. Internals were bearish w/ 19 $ticks below -1k versus 3 $ticks above 1k. The position was fixed by the take profit order placed near session previous interim high.

16/06/10

Rushed into the long position, cause the following issues were revealed:
1) energies - the leading session upside pusher - was bullish w/ no lower lows unlike ES and majority of sectors;
2) internals were also bullish w/ only one $tick below -1k vs 5 $ticks above +1k and one $tick above 1.2k.

But I have made double mistake.
1) the contract I have opened was the old one futures, already expiring, w/ low volume respectively;
2) the reasons of the entry were really not cool, weak.

15/06/10

Two hours before the day finish opened long position on the reasons:
1) majority of the sector were at the brink of higher highs;
2) $add was trending higher;
2) $vold was trending higher;
4) market internals were in favor w/ 6 $ticks below -800 vs 5 $ticks above +1k and one $tick above 1.2k.

Fixed the position as it was revealed, that the position was based on already expiring contract w/ low volume, respectively.

11/06/10

Entered long position on the reasons:
1) materials (the strongest sector) and financials (2nd weakest) posted higher highs;
2) $add higher high;
3) $vold higher high;
But, should note, internals were bearish w/ even 8 $ticks below 1.2k vs only one $tick above 1.2k.
The trade was fixed by take profit order placed right below previous sessions high.

06/08/10

Shorted on the back of the issues:
1) financials sector - the strongest - looked very weak;
2) tens of minutes before the entry there was strong VWAP breakout w/ fresh session $tick low. According to my past observation, that pattern was forerunner of the downside move continuation;
3) internals were in favor, bearish.

But against my short was bullish $vold. Nevertheless, I have fixed profit, as the market slided to the interim support level, that, in my supposition, could stop bears momentum.

Later, closer to the session finish, I have rushed into the second, long trade, cause normal bearish divergence, that have appeared on 3/10 oscillator was not confirmed by $tick. But against the position was bearish $vold and overall internals. The trade was fixed by stop loss order, cause bulls failed to push market in a matter I have bet for. Still, the day was finished w/ the sharp upside move.

07/06/10

Entered short on:
1) energies sector - the strongest - making lower lows unlike ES;
2) $add trending lower;
3) $vold trending lower;
4) bearish internals w/ 5 $ticks > +1k vs 8 $ticks < 1k and 1 $tick < -1.2k, plus $trin at 1.4.

The market have indeed slided sharply but only after small pullback that made me fix the loss bu stop loss order. The mistake was poor spread between open price and stop loss order level politic.