Perfect Storm Trades for 1/22/2015

Hi All,

ECB rolled out addition QE this morning and spiked the futures.  SPY pulled back off the open to the daily 15 period ma to coil back up towards the 204.94 fib resistance and peak again.  We hit MU SHORT at 30.78avg off the open as SNDK was plunging on its gap down, to scale out stinky 5s levels 30.56, 30.45 and 30.42, out + .22, + .38 and + .36.  We hit SNDK LONG at 76.06avg scale in but took a precautionary stop at 76.07 and 76.10 as it started to fade again, out + .01 and + .04.  Once SNDK solidified above 76.40-76.50 resistance area, we took SNDK LONG again at 76.64 for the perfect storm breakout to scale out 76.91 and 77.30, out + .27 and + .66.  We hit AXP LONG at 83.95avg as 15 minute market structure low was set and triggerin to scale out 84.22 and 84.36, out + .27 and + .41.  Smooth trading this morning for a change.  We carved out + $848 profits.

Posted to Morning Profit Maker on Jan 22, 2015 — 11:01 AM
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