Saturday, August 22, 2009

YM (Mini-Sized Dow) Trades - 08-21-2009

Trade 1: +16, +04 (1st Pullback to Mid to Lower Keltner - Heavy Volume on prior Swing indicated Support from 9457 to 9463, Entry at 9463 near Mid Keltner)
Trade 2: +24, +34 (1st Pullback to MAs Confluence w/ 23.6% Fibs of the Entire Day w/ ISL 1/2 ATR below PL (established at 1057ET) - Minimal Risk) (Longer P.O.s based on First Pullback to MAs)
TOTALS: +78 / +$390

LESSONS LEARNED:
- Continue to pay close attention to Heavy Volume on ERVBs. It appears to be working the majority of the time... if it doesn't your STOP is close.
- First Pullback to MAs typically produces a larger move a high percentage of the time.

No comments:

Post a Comment