Thursday, August 02, 2018

Back to the Long Side

Closed short and opened long @ 7261.5. Stop is @ 7211.

The model switched to long today but the signal is close to remaining short and the intraday indicators are signalled short for the first part of the day. So, I kept the short position until now almost 7 hours into the trading day from 6pm New York time (8am Eastern Australian time). I put on a ten point trailing stop for two contracts, so it closed the short and opened a long simultaneously. Gained about 25 points on the short side compared to the market open.

Profit from the closed short was USD 3,000.90. The model gained 1.73% for the trade starting on 25 July and ending 1 August.

Monthly report coming soon.

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