5/13/11 Trade Results: $90 Profit

We had 3 trades, resulting in a profit of $90. I will discuss our entry / profit securitization process in the next post.

Briefly though, we secure 5 ticks on our first two trades. If the $50 mark is reached, we then attempt to fill an 8 tick target. Following a successful fill of the 8 tick target, we trade for 10 ticks. On Friday, we go our first two $25 targets filled, giving us the ability to move to 8 ticks and then got the 8 tick target filled. We did not see any trade signals following that, therefore we halted trading with a $90 profit.

Here is the chart of the 3rd trade: