Room Calls (all 1/3 size for newbies, risk profile): 3/3 trades green for +22 points total (+6 +4 +12) or +7.333 points per trade per contract
Today was one of those days condusive to fading extremes, though the 15 minute range break would have worked several times on both the lower range break-down and upper range break-out. Gap players would also have been rewarded today as the 14 point YM gap was eventually filled (and did act as a key support/resistance level).
Our official Room Calls did not play the 15 minute range break-outs/break-downs or gap, but we caught some decent setups. There were only three trades called, which is a good thing today as it kept us out of trouble.
Of note is our final trade, which one or more room members inquired as to whether it was still viable after it hit its first target and bounced (retraced).
In this case it was and gave a second opportunity to get in to the trade as Alex pointed out in audio. If you are unclear or have questions on the aspects of a call please ask in the room, as it can not only help yourself but also other room members. This is one of those times where you definitely do not chase the entry but wait for a retracement to get in (or let the trade pass).
So far Alex has called his trades correctly 119 out of 154 trades with 1 BE trade. Good job as usual Alex!
Text Transcript (time stamps in CST, note that the morning text transcript is not available as our room was rebooted to attempt to resolve audio issues before it had occured to me to save the transcript early
Morning (our audio cut out in the morning but luckily we got both morning Official Room Calls captured in audio):
Afternoon (audio problems, caused by cable provider outage resolved):
Morning Blog/Podcast: http://www.puretick.com/blog/?p=17
Afternoon Blog/Podcast: http://www.puretick.com/blog/?p=18