Showing the 5-min. chart from TF (Russell 2000) and NQ (QQQQ).
Both of them penetrates above the pivot and the previous close.
These are the kind of setups that are low risk entry.
Monday, January 10, 2011
Observe & Trade
Showing the 1-min. chart from DJ-30 (YM).
A fast short trade netted 20 points ($100.00) for a contract.
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.
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