So close to a Key Pivot on S&P
Posted by Cire2222 on May 19, 2008
Okay, today was a wild day no doubt. The S&P was just a couple ticks from the trigger for a key pivot play. However it did NOT give us a set up so I won’t start the S&P portfolio. The set up is ready in the nasdaq market. I will not track the nasdaq market and don’t plan on using this set up on the nas but I thought it would be fun to set up a play since the s&p got so close to a set-up. So in the Nasdaq futures This is the play I want to set up for tomorrow:
Entry trigger - Short on a move to 2008.00
Stop Loss- 2055.00
First target - 1975
second target - Open
Key Pivot play (Gold) update
Posted by Cire2222 on May 15, 2008
Our first key pivot play in the gold market was completed today. Last night we moved our stop down to lock in profits, our original stop has not yet been hit but so far it seems that moving the stop down was the right idea. Gold had a strong day today and took out our second contract for a gain of $700 to make a total profit of $1700 for the trade. That puts the Gold Key Pivot play portfolio at $21,700. Stay tuned for more Key pivot plays, I think there may be a set up soon in the S&P market and we can kick off the S&P portfolio.
