August 8, 2007

Friday July 6th, 2007

The day started off very well with the software firing off 2 signals; one in the Yen which gave me 350.00 in profit and the other in the Stoxx for a 70.00 euro profit. A little later in the morning I placed a stop limit order to sell the Russell, but to my horror found I was immediately filled at market BEFORE my trigger price was hit. That wiped out my earlier profits! GRRRRR! I was quickly on the phone with clearing firms tech department and were able to find the problem was with the data feed going into my charts NOT the data feeding the signal software. After working with the techies, we were able to resolve the problem and now we are ready to rock!

What had happened was the chart did not print the low accurately on a fibwit signal candle. I therefore placed my order not at the trigger price, but at the low - right where the market happened to be at that moment. As I type, the software is telling me to buy the YM !!! LOL

Without going into a whole whack of technical mumbo jumbo (which I’m incapable of doing anyways) it looks as though we can roll out the signal viewing/generating software on Monday! The issues we had with speed have all be fixed and to test it I did a quick trade in the Euro with 7 contracts and took a $350.00 dollar profit. This thing is lightning fast now! Old, untriggered signals drop off immediately when they are supposed to, and any new signals are displayed at almost the same instant! Can’t wait for the markets to open now! Hope everyone is having a terrific weekend and we’ll see you on the open!

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