Jumat, 01 April 2011

Classic MP Trade

Even not yet feeling 100%, this pair of trades was not hard to find, and all off the Profile.


My vision was for strength. Money is pouring into the stock market and the jobs report did nothing to change that.


ES RTH opened way above yesterday's VA so the Gap trade was the order of the day, but not with a view to actually closing the gap. There was that lovely double VAH of the last two days to aim for, and that is what I did.  It happily coincided with my fav Fib. X-mas had arrived. That was trade #1.


Price became oversold and orders flooded in at around the 1326.00, which is where I made my stand too. I would be wrong if price was accepted into yesterday's VA and the Fib failed. "Accepted" means accepted.


That second trade ran up to my Fib spot and it was "ching, ching", then I was done for the day. Sun is shining here in France so I'm going to stick my face into the sun. 


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