The market started out today with a bearish bias. However, a break to the upside took out the early morning stops only to continue lower in the later part of the day to break yesterdays low of day. The market rallied into the close. We had 4 valid trade setups for 30 ES ticks.

Today was a slow methodical trading day. We had 6 valid trade setups. 3 conservative trades for + 22 ES ticks and 3 aggressive trade setups for + 6 ES ticks.

Friday trading results 3 trades for a total of 2 ES ticks, a very slow, low volume trading. It would have been better to have gone golfing.

Today we had 6 trade setups with a conservative profit of 31 ticks. For those aggressive traders, we had a Shark Attack setup yielding 18 additional ticks. The market was methodical and slow today. Patience paid off.

Today was like watching paint dry. The market opened at 1300 and closed at 1300. The crisis in Egypt had little impact, employment numbers were worse than expected, volume was less than half the avg volume with uncertainty looming over the consolidating market. We had two trades for a total of four ticks or $50.

While the market ran up quite quickly today, we didn’t really get any good opportunities for a pullback entry, which is part of our trading methodology. We were able to get 2 conservative trade signals for 17 ticks for $212.50 with 2 contracts.

One more call. For those in the room early, I mentioned that with a gap up of 8 points, we were sure to hit at least the 1301-1303 level. We did and even higher it went. If you entered a trade anywhere within the early morning, that call alone could have been worth over 44 ticks on one contract or $550.

The last trading day of January, we had 4 conservative trade signals for 22 ticks or $275.