Sometimes if you let it, trading can be very simple. As I have stated before, I like to get up early and see if I can take advantage of the overnite ranges in the futures. I typed my trading plan on the chart and I missed it. The risk on two contracts would only have been about $150.
Again you can make trading very simple. As the ER2 was moving down big but the YM and ES were holding up, I thought the ER2 would be good for a trade (bounce). Each leg down had a little less force to it and others were not falling apart. I was such a sharp down trend, the setup would be only risking $200 (new lows).
No comments:
Post a Comment