Each month I will do a brief review of the months trades.
January was an above average month performance wise for the eminiglobex system.
The system took 16 trades, 12 longs and 4 shorts. 13 out of the 16 trades were profitable and net profit was $1,379 (after commission) or 28 es emini points per contract traded.
The S&P market remains in a bullish trend and low volatility. The fed stimulus (QE2) appears to be having the desired effect with risk assets making gains across the board and for now buying the dips appears to be the best way to trade this market. We are extended to the upside by many technical measures and one needs to remain alert to pullback. With regard to the system trades, the system will only take high probability set-ups and let the odds play out. Good trading all.
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