Jul10 P/L%

As for the july 2010 minus 9 percent.

29/07/10

The short position's reasons of entry were:
1) bearish divergence on 5 minutes and minute charts, respectively;
2) there was faulty 'VWAP rule' execution hour before the trade open. Mean, there was no $tick session high, when ES have break out VWAP.

Take profit order was near 1095.50 - 2009's one VPOC, session's S1 and previous day lower low. But after yesterdays faulty take profit policy, I thought better small profit versus no profit at all. Time have showed I really had to wait.

28/07/10

Entered short position on:
1) $add have posted lower low unlike ES;
2) $vold have posted lower low unlike ES;
3) overall bearish internals (1 $tick above 1k vs 1 $tick below 1.2k).



Take profit order was placed one tick above 1099.00 - 11th december '09, 2nd february '10 VPOCs. But ES twice failed to touch this level. It was not a secret, that the trade reasons of entry were rather poor, so after 1st 1099.25 points touch I have to push take profit order one tick to the upside.