Wednesday, March 28, 2012

Trades using the new charts...

Following on from my previous post, I have been studying and learning the new futures charts I have been working with and have been putting them in play on the euro futures and the russell futures in particular, sometimes oil as well..here are the trades taken today, the numbers show the ticks gained or lost on the trade and the arrows show entries and exits..note that trades are only entered on a close of the bar pointed at..


euro: was in a nice downtrend all morning, so looking at pullback to short...got 3 really nice ones which all hit target (14 ticks) then took the last one knowing the move was exhausting itself and got stopped out..total +31 ticks


russell: started out with the russell a bit choppy, fist trade was after a downmove pullback to short it didnt work out but the stop was pretty tight..next was looking for a continuation long and got it..same trade after for a loss then one more long for a gain..following that was choppy action iwth flat ma's so waiting for some direction..


We then started pushing down nicely..waited for the pullbacks to short..grabbed one for a full target, next went 10 ticks in my favour so i moved my stop to b/e+1 and got hit..next were all basic trades in the direction of the trend..total on the russell +65 ticks..

Liking the new setups and charts and will hopefully be able to get more familiar as time goes on as well...so far so good

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