Sunday, January 9, 2011
Observe & Trade
Showing this 3-min. chart from Russell 2000 (TF).
Shorting TF from the pivot line and exiting it below the S3 can make a nice profit.
If the entry was at 792.00 and the exit was at 779.00, that's a clear 13 points ($1,300.00 for a contract).
Trading this kind of pattern needs patience and concentration in recognizing its movement.
A familiarity is quite important.
Friday, January 7, 2011
Observe & Trade
Short trade is the order of the day for today.
The whole market is down.
Did not stay in the market after my brief early long trade.
The market drops before lunch break.
Big profits for the bears.
Observe & Trade
Showing the 1-min. chart from DJ-30 (YM) that was traded in Real Time Trade Ideas.
Using the shorter time frame to get the right entry and exit but relayed them to 10, 5, and 3 minute chart.
Exited at the arrow sign at 11,712 because of the red bars that starts to decline.
And was right to exit for after that it recovered a bit but then drops further.
Made just barely $70.oo for a contract.
Not bad for a quick trade for had to do more errands after this!
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