20131206
Long 2 TF 1131.2, 1131.4, -0.5, +0.7
Long 2 TF 1130.0, 1130.2, +0.5, +4.0
Total TF +4.7
The Pre-News Trade Entry Model is stock-in-trade for our Trade Plan. Today, just enough premium was created in the final moments leading up to the 9:55am ET pre-lim Consumer Confidence number to hold onto the 2nd unit for the outcome. In the plan, we keep a default target of +4.0 as the exit for our OCO orders. When playing the pre-FOMC report at 2:15pm, that target should be changed to +10. The action was pretty shakey leading into the report, but just holding still payed off for the exit spike. Trade the Plan. This particular model is also presented on Webinar #1 on the website. ...and a good weekend to all...
