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12/26/2006

ER2-2006-12-26-TRADING-PLAN

Filed under: - torero @ 6:21 am

Still bearish from last week’s action. Daily breakdown channel confirmed. 60min still in falling channel. Will short on rallies. Resistance is 789, support is 781 and 776.

Russell 2000 index futures trading plan


12/21/2006

ER2-2006-12-20-TRADING-PLAN-1-SHORT-790.3-EXIT-788.7

Filed under: - torero @ 2:16 pm

3 trades. First long, from continuation from late afternoon bullish action from previous day. 2nd trade saw a top near resistance 797 from globex high and from the rising trendlines from 60-minute charts. Waited to o long and had to leave. 3rd trade from what’s left of the downtrend. Shorted the rally until consolidation was reached.

Russell 2000 index futures 3 trades


ER2-2006-12-20-TRADING-PLAN

Filed under: - torero @ 6:47 am

Long term channel on 60-min chart is broken in middle of confirming and symmetrical triangle. A new falling channel formed yesterday. Will look to continue late yesterday’s rally for scalps but paying close attention to confirmation from channel breadown.

Russell 2000 index futures trading plan


12/20/2006

ER2-2006-12-20-TRADING-PLAN

Filed under: - torero @ 7:39 am

Russell 2000 index futures trading plan


12/19/2006

ER2-2006-12-19-TRADING-PLAN-1-LONG-783.9-EXIT-786.4

Filed under: - torero @ 8:49 am

Took 3 trades. First was short but it was near 781 support and got stopped out. 2nd trade was long but was confused about direction so closed early. 3rd trade was long after seeing the higher low and moving past the opening price.

Russell 2000 index futures long and exit


ER2-2006-12-19-TRADING-PLAN

Filed under: - torero @ 2:06 am

800 support is broken, now it’s used as resistance. Above 800 is bullish. 790 is nearest resistance for today, but still bearish above 790, 796 is 50% retracement. 60-min bottom trendline is broken below but not confirmed. Overall, last 2 days is a correction of a bullish trend.

Russell 2000 index futures trading plan


12/18/2006

ER2-2006-12-18-TRADING-PLAN-1-LONG-800.5-EXIT-STOP-800.6

Filed under: - torero @ 7:36 am

entry 800.5 as it was breaking higher than last bar high, stopped out at 800.6 for breakeven. Didn’t move stop, was waiting for higher low to form and didn’t.

Russell 2000 index futures long entry and exit


ER2-2006-12-18-TRADING-PLAN

Filed under: - torero @ 2:52 am

800 is weekly support. Watching for higher low for longs. Bull flag is still in play while symmetrical triangle still need confirmation. Above 805 is bullish, below 800 is bearish

Russell 2000 index futures trading plan


12/15/2006

ER2-2006-12-15-TRADING-PLAN

Filed under: - torero @ 3:16 am

Strong market pulling back. Bull flag and symmetrical triangle confirming. 800 is possible support before more upside is seen. Target is 809 for triangle and 819 for bull flag. Will buy pullbacks.

Russell 2000 index futures trading plan


ER2-2006-12-14-TRADING-PLAN

Filed under: - torero @ 2:46 am

Russell 2000 index futures trading plan


12/12/2006

ER2-2006-12-12-TRADING-PLAN-1-SHORT-796.0-EXIT-794.3

Filed under: - torero @ 9:40 am

Shorted rally after the breakout from the triangle. It was 2nd rally, normally would like to short first failure and first rally. Took quick profit as it was at S2 and support near rising trendline on 3000 tick.

Russell 2000 index futures short and exit


ER2-2006-12-12-TRADING-PLAN

Filed under: - torero @ 9:37 am

Triangle formed since last week. Not much action until this morning when it rolled over and broke the rising trendline. Bearish short-term but in daily it’s sitting at lower rising trendline.

Russell 2000 index future trading plan

Russell 2000 index future trading plan


12/5/2006

ER2-2006-12-05-TRADING-PLAN-2-LONG-799.1-EXIT-801.6

Filed under: - torero @ 7:26 am

Long trade. Higher low formed just above opening number. Stopped at R1. Could go to 804 but no guts today.

Russell 2000 index futures long entry and exit


ER2-2006-12-05-TRADING-PLAN-1-SHORT-797.3-EXIT-796.5

Filed under: - torero @ 6:58 am

Scalp here. Saw the 799 as resistance, gap filled down and showing lower high.

Russell 2000 index futures short entry and exit


ER2-2006-12-05-TRADING-PLAN

Filed under: - torero @ 6:13 am

Looks very bullish but 799 is still resistance, at top trendline of channel. 788 is now support and 804-805 is near term target for triangle, double-bottom

Russell 2000 index futures trading plan


12/4/2006

NEWBIE-TRADER-ER2-2006-12-04-TRADING-PLAN

Filed under: - torero @ 6:22 am

2b bottom pattern form but has to confirm, a pullback to find new support would do the job. Still bullish here. Support is 781, next resisnace is 785-788.

Russell 2000 index futures trading plan


12/1/2006

ER2-2006-12-01-TRADING-PLAN-3-LONG-779.3-EXIT-781.0

Filed under: - torero @ 9:04 am

Higher low from double-bottom in 600 and 200 tick charts. Long 779.3, exit 781.0, just above S1.

Russell 2000 index futures long entry and exit


ER2-2006-12-01-TRADING-PLAN-2-LONG-777.5-EXIT-778.4

Filed under: - torero @ 8:36 am

Wedge breakout, should wait until seeing higher low on 200 tick, long 777.5 for scalp. Exit 778.4.

Russell 2000 index futures long entry and exit


ER2-2006-12-01-TRADING-PLAN-1-LONG-779.7-EXIT-778.4

Filed under: - torero @ 7:32 am

short 779.7 on lower low and below S1. Exit 778.4, scalp only after coming in market late.

Russell 2000 index futures short entry and exit


ER2-2006-12-01-TRADING-PLAN

Filed under: - torero @ 5:09 am

Rising plines are in play, looking to buy on pullbacks. 785 might still be support early morning. 780 is next support, 792 next resistance. Above 792 is bullish. Below 780 bearish.

Russell 2000 index futures trading plan


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