choosing a few low-risk, high-reward daily moves in the Nasdaq e-mini
Thursday, September 30, 2010
This is a pure, "Spank the Spike" trade off the 144 Fib, it's hanging up here too long , so I don't expect alot off it, but we'll see...I'll sit on it because I like the entry relative to the current day's high.
SC...I'm entering at what I try to calcluate as being the 'sweet spot' of the projected Hi's or Lo's of the 3x3, 1x1, and sometimes the 1/2 x 1/2 if I can assimilate it all quickly enough. But it's usually the first two, and thats what allows me to get the tight entries where they general don't go past more than 2 or 3 ticks.
T are you entering the trade mostly off of the 1x1?
ReplyDeletebroke the downward sloping trendline around 2010
ReplyDeleteSC...I'm entering at what I try to calcluate as being the 'sweet spot' of the projected Hi's or Lo's of the 3x3, 1x1, and sometimes the 1/2 x 1/2 if I can assimilate it all quickly enough. But it's usually the first two, and thats what allows me to get the tight entries where they general don't go past more than 2 or 3 ticks.
ReplyDelete