Tuesday, July 21, 2009

July 21 2009 ES Trades/Overlay and EURUSD Overlay





If you have not been on the blog for the past few days there are number of new postings below. Including a video post that I think is pretty good.

I have decided to start posting more material throughout the day. For example, I am going to start posting more screenshots of executions as they unfold. We can then review them via video after the close.

I had a pretty good read on the market today. Both ES and EUR/USD preps were posted.

I BID into the potential area of inside support on the ES this morning (944.75). My target was the 952 resistance area. I exited the 1st contract with 4 points.

The price then moved up a bit higher right at 952 and offered an excellent area to exit. I have to give myself a C+ for the exit on the second contract because I hesitated, partially out of greed, then the price quickly moved off the highs.

This is worth exploring. CLICK HERE FOR VIDEO COMMENTARY

2 comments:

  1. Well obiously u're doin a very proper job on that morning prep. That certainly beats the atw AC300 hands down and that risk/reward ratio. Well the fact that u went short in the morning and long in the afternoon puzzles me. But then that is the proprieteness of the system.

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  2. Thanks. I appreciate the input and am glad you are reading. The areas where those trades were executed were value areas based on the market structure.

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