How did we trade today [02/19/2016]

During last session we gave 1923.25 would be a breakout for higher in globex and globex high was 1922.75. So we were still in sell side with out target 1902.50 and that would be low enough for this leg and we expected market to bounce substantially to 1908.75+ and eventually at least 1917.50+.

So as we started day we used 1913.25 as short position for 1902.5 with 1908.50 as interim target. Market fulfilled our initial short trade from 191325 to 1908.50 and again 1913.25 to 1902.5 for a total of 15 points. Then we took a long from 1902.50 to 1908.50 and at open we shorted again from 1908.50 to back 1902.50.

We alerted losing 1909 would bring lower into next leg. However market violated our breakdown by two ticks and didn’t have follow through. We capitalized one short from 1904.50+ to 1990 and had abandon second short when market violated 1908.50.

So we again changed bias to long side with buys using 1907 and then again 1904.50. Market finished rest of the day sideways with narrow range from 1909 to 1914 area.

Over all we netted around 31 points/contract.

All our trades called in a professional manner. All our entries and exits are called with plenty of advance time.

Red Arrows = Short,  Green Arrow=Long,  Yellow Arrow=Scratch, Green Oval= Targets