A “normal” day in the markets today. There was a little choppiness early on, but once opening range was over the markets had nice follow through on all fronts. The Support and Resistance Lines I put on my chart along with DTS were especially helpful with the chop. I keep them on the Hawk as that’s the market with the most activity. The SnR Lines give me a little something “extra”. I know I’ll have a good trade when I see the Hawk signal bouncing off of them. You can find out more about the Support and Resistance Lines I use at http://pwc2.com/TB
Added another $1227.50 to the bottom line this morning.
H- Sold YM 12-12 2@12722
Bought YM 12-12 2@12712
Trade Profit $100
H- Sold YM 12-12 2@12706
Bought YM 12-12 2@12695
Trade Profit $110
F- Sold NQ 12-12 2@2564.50
Bought NQ 12-12 2@2564.50
Trade Profit $0
H- Sold NQ 12-12 4@2568.75
Bought NQ 12-12 4@2568.25
Trade Profit $200
E- Sold NQ 12-12 1@2564.00
Bought NQ 12-12 1@2554.00
Trade Profit $200
H- Sold CL 12-12 1@8615
Bought CL 12-12 1@8604
Trade Profit $110
F- Sold YM 12-12 1@12680
Bought YM 12-12 1@12675
Trade Profit $25
H- Bought ZB 12-12 1@151-26
Sold ZB 12-12 1@151-28
Trade Profit $62.50
F- Sold CL 12-12 1@8607
Bought CL 12-12 1@8587
Trade Profit $200
H- Sold YM 12-12 2@12652
Bought YM 12-12 2@12642
Trade Profit $100
H- Sold CL 12-12 1@8573
Bought CL 12-12 1@8561
Trade Profit $120
CFTC rule 4.41(c)(1) applies to “any publication, distribution or broadcast of any report, letter, circular, memorandum, publication, writing, advertisement or other literature….” Commission rule 4.41(b) prohibits any person from presenting the performance of any simulated or hypothetical futures account or futures interest of a CTA, unless the presentation is accompanied by a disclosure statement. The statement describes the limitations of simulated or hypothetical futures trading as a guide to the performance that a CTA is likely to achieve in actual trading.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
