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Market Recap August 11, 2009

Felton Trading Daily Market Recap
 
08-11-09 Felton Trading Hypothetical Trading Results. All times are CST.
 
Note:The trades listed below indicate the hypothetical result of taking signals that occurred on various time and tick charts in Emini markets specified below.
 
The recap is not intended to represent a trading strategy nor is it intended to represent anyone’s actual trading results. It does not allow for the ability to move stops or scale out of a trade. It serves solely as a tool to evaluate the potential profitability of the momentum confirmed (red) signals and may include some that were not recommended in the Trading Room commentary. All trades must be considered to be taken in order to completely remove all chance of subjectivity.
 
All signals listed below are to be considered for educational purposes only. Students should review these on their own charts and determine their potential based on their training.
 
The following results were derived from the unoptimized ES 1597 tick chart using OttO (ver. B4). Only signals that were confirmed by the enhanced momentum indicator (red arrows) were considered. The hypothetical signals below used a 2 point stop and 3 point target.
 
BS
Time
Type
Comments
+'/'-
Totals
S
840
HD
Ref: 800 Hit target at 848
3.0
3.0
B
903
BD
Ref: 857 Stopped out at 930
-2.75
0.25
B
933
ED
Ref: 833 Stopped out at 1014
-2.75
-2.5
B
940
ST
Ref: 932 Stopped out at 1016
-3.25
-5.75
B
1203
BD
Ref: 1019 Reversed out at 1232
-0.75
-6.5
S
1232
BD
Ref: 1117 Reversed out at 1241
-1.0
-7.5
B
1241
ST
Ref: 1222 Hit target at 1308
3.0
-4.5
S
1448
BD
Ref: 1417 Hit target at 1500
3.0
-1.5
 
 Total Points This Day..............................................................-1.5
 
 
DISCLAIMER: The risk of loss trading commodities, futures, or equities can be substantial. Commodity Trading (and all trading in general) has large potential risks, in addition to any potential rewards. You must be aware of the risks and be willing to accept them in order to invest in the futures, commodities, or equities markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to buy or sell commodity, futures, options or equity interests. The use or placement of any stop-loss or stop-limit orders may not limit your losses and you could lose more than your intended amount of money at risk. Past Performance of any trading system or methodology is not indicative of future results. Any and all systems, methodology, or pattern discussed within or in any of the product materials are for illustrative purposes only and are not to be construed as specific advisory recommendations. This material and any opinions are for education purposes only. Hypothetical performance results have certain limitations. Hypothetical results may have under or overcompensated for the impact, if any, of certain market factors, such as lack of liquidity. No representation is being made that any account will or is likely to achieve profits or losses from the data hereby presented. There are other factors related to the futures and commodity markets in general or to the preparation of hypothetical performance results and all of which can adversely affect actual trading results. 
 
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