#futures

Friday, YM(Dow-30), gaps down at open 80 points, pre-mkt volume normal, Gap fade trade started

8:30 enter YM long at 20720 at open, dow-30 opens 50-50..
10am exit half my trade as YM hit the 20760, at the PP Midlevel..
gain of 40 points

remaining half of my trade left to run….

12:00p Exit the other half of the trade at 20760, as YM cant seem to break the 760 level..
Gain of 40 points on that half also..

If the gap doesnt fill later, we will go into next week with a black hole..which will draw it the YM back to the
gap fill area level..I will mark my chart and be aware of it…

Cheers..

#futures

YM Opened about 50 higher than yesterdays close at 3pm…
Executed the Gap fade setup at 8:40..
8:40 Short YM at 20790, as it Gaps and starts to fade..stop set at 30 above, Target at previous close
9:15 Target of 20755 hit, target sell order executed, trade finished
Gain of 35 points

9:55 Shorted YM at 20750, as it broke the lows of the previous close yesterday, stop at 20 above..
10:19 Target of 20730 hit, as it approached the Center PP, target sell order executed
gain of 20 points

11:30 Faded the High Tick alarm of +1000 and the 11:30 move up..
11:35 Shorted the YM at 20810, stop at 20830, target was at the R1 PP and 38% fib at 20780
12:10 Target of R1 was hit , sell order filled, trade complete
gain of 30 points

12:30 After lunch push up
12:30 buy Limit was hit at 20780, at or near the R1 PP, stop at 20750, ticks start moving up..
13:20 Target at Mid-PP at 20800 hit, sell order hit and complete
gain at 20 points

Trade day over for me..
Gain in the day session = 105 points
gain in last nights session = 45 points