Official Room Calls: 4/6 trades green for a total of +13.8 points (-11, +10.8=[3/5 * (2/3*10 + 1/3*34)], -10, +10, +8, +6) or +2.3 points per trade per contract.
Today both Official Room Call Triggers and MaxSpan worked well. We had a short the daily YM pivot strategy in the morning, which was announced as a heads up by Alex early on as there were daily Fibonnaci levels overlapping on the daily YM pivot. Both the first and second trigger calls were issued near the daily YM pivot level. One trigger call was issued below the pivot and one was issued above it in the morning session. Our 15 minute opening range had its upper bracket just below the daily YM pivot, which Alex warned ahead of time that if we saw that the opening range were established below the daily pivot, it would be tough going for the MaxSpan trade if the signal fired due to the price being below the daily YM pivot. This was the case when MaxSpan did initially take as much as 17 points of heat. Finally after much chop below the daily YM pivot (a battle between buyers and sellers), the ES cracked its daily pivot and dragged the YM along with it. MaxSpan traders got the pivot break they wanted and the price rallied strongly. At lunch, we got some fearsome buying that took the price up even further. Again the triggers proved their effectiveness as we climbed aboard a retracement after a sell off that took the price back down towards the daily YM pivot, and the trigger went long.
So far Alex has called his trades 180 correct out of 227 trades, with 1 BE trade. Excellent work today Alex!
Text Transcript (all time stamps are in EST
Executions/Track Record: http://www.puretick.com/trkrecord.html
Morning Session (free content on Friday's only): http://puretick.com/member/audio_logs/alex_01232007_morning.mp3
Afternoon Session (for subscribers only): http://puretick.com/member/audio_logs/alex_01232007_afternoon.mp3
Related Blogs/Podcasts (for additional details of the day's action):
Morning Session: http://www.puretick.com/blog/?p=81
Afternoon Session: http://www.puretick.com/blog/?p=82