Trade Summary
Long 2 YM 11938, 11939, 11939, -5, -5, -5
Long 2 TF 794.4, 794.4, +0.7, -0.8
Long 2 TF 793.1, 793.1, +1.0, -0.0
Long 1 TF 793.3, +3.0
Long 1 TF 794.2, -0.4
Long 1 TF 793.4, +3.0
Long 1 TF 794.2, -0.6
Total YM -15
Total TF +5.9
Weekly Summary
Jan 20-24 2011
Total YM -15
Total TF +16.1
Sometimes the Day Model of one day is predictive of that of the next. Yesterday's deep gap down opening was characterized by the obvious TF relative strength. Today that action was mimic'd, at least initially. Ergo, buying against the lows and exiting into the bounces was the strategy again today. And although the TF relative strength failed to produce the same kind of recovery reversal, the strategy worked initially with handsome bounces and decent profits anyway.
