As the week begins and the month ends I put in a solid return for the evening. Taking a short scalp using the 1 minute 21 period moving average, mean pivot and previous close all as an area of resistance around 1089.5. Given the news announcement at 9:45 I got in and out pretty quickly and took solid returns.
A long probe at 1093.75 looked less attractive as it made a double top and stochastic diverged - I therefore took my small profit off the table.
So $400 for the evening - a good start to the week and a good end to the month. As I am on holiday next week for almost 4 weeks let's see if i can have a significant week.
Making plans for next year already inspired by my virtual mentor Don Miller:-
- Return at least 100% of my trading capital for the year - currently at around $80k. That is I aiming for a $100k return in 2010.
- Aggressively ramp up number of contracts from 3 through 10, 20 and finally 40 towards the year end - full position size.
- Have at least two $10k+ days.
More plans to follow. In the meantime looking forward to catching up with family and friends in Scotland over Christmas. After 11 years in Australia can't say I am looking forward to Scottish weather!
