Trades for Thursday, September 3rd, 2015

03 Sep Trades for Thursday, September 3rd, 2015

9:49 – SHORT 1500 LCI 57.30avg, COVERED 1200 at 56.35, out + .55, out + .55, COVERED 200 at 56.65, out + .25, COVERED 100 at 56.09, out + .81            =          + $791

10:17 – SHORT 200 MEI 33.40, STOPPED 200 at 33.67, out - .27      =          - $54

10:34 – SHORT 700 MEI 33.40avg, COVERED 500 at 33.15, out + .25, COVERED 200 at 33, out + .40        =            + $205

10:55 – SHORT 600 SPY 197.85avg, COVERED 500 at 197.73, out + .12, COVERED 100 at 197.85, out even            =          + $60

Total Daily P/L:            + $1,002

Total Weekly P/L:        + $2,599

Total Monthly P/L:      + $2,599

Total Yearly Profit:      + $88,927

LCI09032015 MEI09032015

Summary:

SPY grinded to the 197.85 super fib resistance as it hopped over that daily 5 period moving average on the ECB press conference comments on their QE.  We scaled into LCI SHORT to average 57.30 on 3 entries as the 60-minute stochastic had a mini inverse pup, which was our ACE IN THE HOLE early on to scale into the short for the inevitable reversion down.  LCI eventually rejected back under the 57.25 fib and leaned to towards that 55.89 super fib target, we scaled out the shorts at 56.35, 56.65 and 56.09, out + .55, + .25 and + .81.  We tested MEI SHORT small for a small stop then RE-SHORTED MEI at 33.40avg scaling in for the inevitable 5 minute 80 band plunge (after holding above 80 band for 2.5 hours!) to scale out 33.15 and 33 super fib, out + .25 and + .40.  Closed out the morning with + $1,002 profits.