Soultrader

out quarter 135925

out another quarter 135775

out quarter 135675

long es 135575 stop 135425

out half 22845 out rest 22805 argh

Follow up from this post: http://www.traderslaboratory.com/forums/126/trading-the-kospi-200-index-futures-3959-2.html#post39501 Long KOS: 22825 stop: 22790

A little market analysis on the KOSPI for today taking a look at market profile. Swift rejection at todays highs, a confluence area of yesterdays high and value high pivot. "P" shaped profile from yesterday may hint longs being trapped. (or just short covering yesterday) Value area is shifting lower for today... measure move projection of yesterdays range of 295 puts todays low projection at exacty the same as yesterdays low at 22860. Will not be looking to place any countertrend/reversal until that level. Alot of clues in todays price action especially the opening 20 minutes of trading. 4 bars of selling pressure.... no sign of accumulation yet. Dont think the lows are yet in place..... markets may end up making lower lows at a later point today. Watching volume, I do get vibes of slight short covering but no sign of accumulation yet. On a side note, I like this contract since i am able to read volume unlike the Nikkei. It is definitely more retail driven with more speculation. Random quote from Thomas Gibson (1923) - "Speculation is truly an unbeatable game, but it is not an unbeatable business."

flat 136625

out half 136625 stop b/e

short es 136725

flat 136925

out half 136825, stop b/e

long es 136650

stopped rest

out half 59215 stop b/e

long ftse 59120 stop 59025

Sure, I might just post more info and charts in the Trading the KOSPI thread.

flat final: 23115

out half 23090 stop move to b/e

relong KOS: 23055 stop: 23030

flat b/e looking like a breakout failure here

long kospi: 23055 stop: 23020

scratch

relong 137625

out 137650