Tuesday, October 25, 2011

25th October Tuesday

SHORT Breakout trade on CL: 2.6 R
SHORT Reversal trade on Nasdaq: 4 R
10 am LONG trade on Nasdaq: 2 R
SHORT Reversal trade on FDAX: 5.6 R
LONG trend trade on FDAX: 6 R
LONG trend trade on Cl: 8 R


The FDAX long trade in the morning was
profitable as well as the S&P and USDJPY short trade.


Conclusion: No one can predict market movements, after 7 am
ALL entry signals should be traded, it is NOT possible to say
a trader should buy at a pivot point or ANY other magical number
only trading my entry setups (engulfing, or close above prior bars highs) are
valid methods to trade as you can see on following amazing S&P short trade:








For USDJPY short I see no entry yet, maybe after 8 am.


Plan is to trade the FDAX long up to 6135.

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