I was surprised by the buying around 1204 and I started scaling out of my swing trade. I managed to get out of half with a small profit. The rest I’m saving for 98 (gap fill) and to see what else I can get. I’m surprised we didn’t get the gap fill today, but the bounce up wasn’t a total surprise as the market had dropped around 24 pts in 2 days. It looks as if scenario 3 could be playing out. We may find out tomorrow.
We’re going out of town to Normandy for the holiday weekend (It’s a holiday here in France tomorrow). So I won’t be trading unless it’s raining a lot, which it’s supposed to do for the next 4 days. I’m not sure if I’ll trade real or just work on my trading plan. Often a few days away does me really good. My last vacation in August was when I wrote a new trading plan.. and then threw it away a month later!
My daytrading metrics are good so far this week and likely to stay that way if I don’t trade the next two days. My profit factor is a whopping 42 and my $/contract is $19 which is double last week’s $10. Next week’s goal will be to improve this number again. $30/contract sounds about right.