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10 Points of Profit on Yesterdays 1266 Futures Trade

Wednesday, 08. February 2006


Yesterdays short entry on the S&P 500 Futures Contract (ESH 06) came within 3 ticks of 1st profit target of 1255.25, but no profit taken as of yet. Volume showed an increase of more than 40% compared to the prior day so we will give this trade more time to work before taking profit. Additionally there is no price support in the market until 1251.50. While having paper profits come fast is promising, it really doesn't mean much if the market doesn't show continuation. Protective Stop placed to protect any possiblity of loss.


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