Another happy day of trading (and I finished 10am)

In the Uk it just hasn’t stopped raining for a week.  In New York it is just plain cold.

So began a great chat between myself and one of our newer traders in NYC.  This is someone who can pull the trigger on a number of S&P contracts and will become a great Enigma Trader.  He is a “gun trader”.  Way better than me in terms of size, but my numbers are better.  We will be a great combination and he will be a great addition to our community.

Anyway … today was a lovely day and I was done by 10am, hence writing this blog at 2pm from a nice coffee shop in London.  The full trade is explained below.  Have a wonderful weekend people.

 Why take the long?    a.  Daily chart is strongly up.  We have a target Micro Swarm(tm) on the daily (left hand chart)  b.  We are looking for long trades on a day trade basis until we hit our daily target.  c.  At 0800 right on the UK open we get a long signalled on the 15 minute chart.    We simply follow the 15 minute chart towards the target.  Raising our stop on the way and then taking our profits where circled.  Why there?  It is within 15 pips of where our daily target is and I like to get out a little bit early.   The daily target was 1.4273 and the high of the day (now) is 1.4295 - 22 pips out on a 4 day projection. Not bad in all honesty.  Now ... time for the weekend and time to hand over to our USA traders.  
Why take the long?   a.  Daily chart is strongly up.  We have a target Micro Swarm(tm) on the daily (left hand chart) b.  We are looking for long trades on a day trade basis until we hit our daily target. c.  At 0800 right on the UK open we get a long signalled on the 15 minute chart.   We simply follow the 15 minute chart towards the target.  Raising our stop on the way and then taking our profits where circled.  Why there?  It is within 15 pips of where our daily target is and I like to get out a little bit early.  The daily target was 1.4273 and the high of the day (now) is 1.4295 – 22 pips out on a 4 day projection. Not bad in all honesty.  Now … time for the weekend and time to hand over to our USA traders.