Today's email said:
Strategy: Go with the trend coming out of 10:52 and try to stay awake for it
1. Watch for the opportunity to go with the trend near 10:42. Be alert for the turn coming early or late. Be patient and use the tracking indicators. Plan to trade in the direction of the 110 EXMA coming out of that time frame. Prices should stay on one side of the 110 EXMA and it should be moving, or curl up or down from a flat position. Prices should be within about 2 points of the 110 EXMA. The 20 minute EXMA should have crossed the 110 EXMA, or dipped toward it and then pulled away from it. When this setup is clear, enter in the direction of the 110 EXMA with a 3 point stop. If this setup is not clear by 12:00, skip the trade.
2. Move the stop 1 point each 30 minutes.
3. Cover on a 9 point gain, at 12:30, or if the range reaches 17 points.
The chart is annotated with the events as they unfolded in real time.
This trade worked perfectly again. The 9 point target was a stretch, but it worked. There was a hex pattern recognized at 1172.5, which made 1160.5 a good possibiliy, and that was the energy that made this trade work.
This is one of those early Monday trades that comes along from time to time. A lot of people run full bore all weekend and have no energy on Monday morning. They are the ones who gave us the 9 points. I suggest winding down Sunday afternoon, get a good night's sleep, and be aleart on Monday mornings. That alone can give you an edge.
Also, note that this chart has data missing after 2:00. My Internet connection failed. This is why you should always have a stop in, and deal with a broker who can take an order via voice phone when the Internet fails-because it WILL FAIL on ocassion.
[ Home ] [ ListOfCharts ] [ Chaos Clinic ] [ SPKISS ] [ Wheel ] [ SP1Day ] [ SPBias ] [ XTide2Plus ] [ MTRainbow ] [ Aspects ] [ Aux ] [ Alert ] [ Chat ]