THURSDAY RECAP & FRIDAY AUS200 TRADE PLAN
FRIDAY 4TH OCTOBER 2023
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DAY 3 RECAP
Day Loss - ($450.90)*
October Profit - $302.09
Capital - $5302.09
Starting Capital - $5,000
ROI - 6%
*This is what happens when you skip your morning workout!
Thursday 5th October 2023
ASX Change: +35pts
Day Futures Change: 18pts
Overnight Futures Change: -4pts
S&P Move: 0pts
AUSTRALIA 200
Placed Short on open gap down (bearish), again at 10am open and limit orders above. Tanked from 11am. Missed my TP (set at minimum expected day range of 30pts) by 2pts. Did fill out range, only higher.
UK100
Only way to describe was lazy. No data to backup short trades.
SPX500
Short at open. Last 3 days of price action often result in significant falls with <15pts to highs. Stop set at 4270, which held. 5pm AEDT fall confirmed there would be material, (at least intra day) falls. For major end of day falls needed to hold 6:30pm AEDT highs. 2nd position stopped out. Failed to TP following early RTH falls and finished with small loss. Not terrible trading based on the data apart from not setting a TP.
AUS 200 CASH MORNING OUTLOOK
HISTORICAL PARAMETERS
TRADING PLAN (Pending Open Gap / Pre-Market moves)
Broken record but risk is again to the downside, historically following a lower, then snap back higher ASX day.
Potential falls from open. Note the only rally in the data was a Friday. Any prospect of a rally will need to move up from open.
Cheers
Marto