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Friday, March 14, 2008
Monday, March 10, 2008
High Probability Trade Setups
Consolidation / Trend Reversal
Triple RSI Bear/Bull Divergence in Overbought/Oversold Areas
RSI H&S/Inverted H&S in Overbought/Oversold Areas
RSI Bear/Bull Divergence in Overbought/Oversold Areas
Trending
Bull/Bear Trend/Swing Setup
(21 EMA Pullback, Entry at 9 EMA/Bounce off Trend Force Line)
Floor Trader Daily/Weekly Pivot Points/Previous Close/High/Low
Triple RSI Bear/Bull Divergence in Overbought/Oversold Areas
RSI H&S/Inverted H&S in Overbought/Oversold Areas
RSI Bear/Bull Divergence in Overbought/Oversold Areas
Trending
Bull/Bear Trend/Swing Setup
(21 EMA Pullback, Entry at 9 EMA/Bounce off Trend Force Line)
Floor Trader Daily/Weekly Pivot Points/Previous Close/High/Low
YM Trades/Risk Management
YM - Mini-Sized Dow Futures Contract
Trade/Risk Management
Initial Stop: -20 to 25 Ticks (approx 10% of Daily ATR14)
Profit #1: +5 Ticks (Mechanical Exit Profit of $25)
Profit #2: +10 Ticks (Mechanical Exit Profit of $50)
Profit #3: +25 + Ticks (Discretionary Exit "Runner")
Minimize Risk with Protective Stop at Break-Even or -10 Ticks when Profit #2 is Filled (Discretionary). Move Protective Stop to "lock-in" Profits based on candlesticks and/or Parabolic SAR (Discretionary). Monitor shorter time-frame chart for potential reversal.
YM 3 Lot Long/Short
Initial Risk (Stop -20): -$300
Risk at Profit #1: -$175
Risk at Profit #2: None (Minimum $25 Gain or $75 Gain)
Trade/Risk Management
Initial Stop: -20 to 25 Ticks (approx 10% of Daily ATR14)
Profit #1: +5 Ticks (Mechanical Exit Profit of $25)
Profit #2: +10 Ticks (Mechanical Exit Profit of $50)
Profit #3: +25 + Ticks (Discretionary Exit "Runner")
Minimize Risk with Protective Stop at Break-Even or -10 Ticks when Profit #2 is Filled (Discretionary). Move Protective Stop to "lock-in" Profits based on candlesticks and/or Parabolic SAR (Discretionary). Monitor shorter time-frame chart for potential reversal.
YM 3 Lot Long/Short
Initial Risk (Stop -20): -$300
Risk at Profit #1: -$175
Risk at Profit #2: None (Minimum $25 Gain or $75 Gain)
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