YM (Mini-Sized Dow) Trades - 08-19-2009

Trade 1: +17, -16 (Pullback to MAs)
Trade 2: +09, +15 (Compression Pattern at the MAs - Breakout Trade)
Trade 3: +13, +25 (Strong Up Trend, 1 Min Chart between 50% to 62% Fibs Mid to Lower Keltner)
Trade 4: +08, -09 (EURP - Enter Mid to Lower Keltner)
Trade 5: -11, -11 (Entry at Daily R2 (Support of Consolidation from 1230 to 1251ET))
TOTALS: +40 / +$200

LESSONS LEARNED:
- A Breakout from a compression pattern... let it run! Place ISL just below (1/2 ATR) old Resistance (old Resistance becomes new Support).
- The Trend was UP at the beginning of the day... confirmed UP once the initial swing HIGH was taken out by the NH... which set up for a LONG Entry at Mid to Lower Keltner approx 1100ET although the Mid Keltner was below the MAs.