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Trading SPI and the Dax with a couple of Large caps thrown in

For the last week on the Sunshine Coast it has lived up to its name.

Each morning has been blue skies and a crisp breeze which quickly warms up.

I think it is one of the best places in the world to live.

Saying that I was too lazy to surf this morning, I just hope tomorrow is the same.

The overnight position I had on CBA paid off and with some nice intra day trades long and short.  I made $3500 trading it.

I didn't do so well on BHP but would trade the same setup every time. Finished negative $220 on it.

Some early morning Spi scalps had me at break even.

The afternoon short entry trade of 3 contracts at 4280 took some heat where I closed out 1 at 4284 and re-entered the short at 4282.

Scaled out around the 4271 area for around $500 Aud on the day.

SPI4-8.jpg (115.68 kb) Click to enlarge

The Dax trades this evening were a bit frustrating.

I took a single long contract at 5400 support but with a 3 contract reversal if the support broke.

The support broke but with not much follow through and I closed out around square which was disappointing.

As the 5390 area held I took a long trade on a retest fail off the low looking to close half at 5399 resistance.

Closed out 1 on a spike low then re-entered and scaled out to the 5400 area.

Profit so far is $324 US

 

DAX4-8.jpg (104.27 kb) Click to enlarge

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Posted by: davin
Posted on: 8/4/2009 at 10:48 AM
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Categories: DAX | Futures | SPI | Trading | Training
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