Showed Nat Gas [NG] chart as well. Nice trades on both for sure...
BTW... For the trading record.. trades on Jan 10,13,16 are no reflection of Right Line Trading.
I went off to try engulfing / pin bar setups on larger timeframes.... STUPID!!!!
Totally committed to Right Line going forward.
Just say 'NO' to all those unsolicited trading emails WE all receive!!!
Last edited by msull35706; January 23rd, 2014 at 07:24 PM.
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Traded 10 setups starting at 7:00am NY Time
Took 4 NG trades and 6 CL trades
Using conservative method of:
• 15/50MA's matching color
• Trade develops with 16 tix of 50MA [SafeZone]
• Outline Candle - either 2/3 line
• Stronger slope 15MA in direction of trade
There was 1 exception on trade today that I noted on chart.
I took a short against a Green 50, but the 15MA was strong RED...
Gross Profit today was $590
Less $200 commission on 10 trades/4 contracts
Went with a 5tix scalp target with 7tix risk.
I've been finding that 6tix is comfortable pb on trade so 7tix gives cushion.
Also feel that going for 5tix generates higher probability on tight moves...
7 for 10 or 70% on my return today was pretty nice
Just trying to keep things simple... KISS method!!!
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Today 2 CL trades for 5tix scalp each and done in less than 30min...
This is what's great about trading. Some days last for hours while others can be minutes...
I'm treating myself today for a quick day!!!
2 conservative trades with Matching 15/50MA's [Green], 15MA was committed to the direction long
both candles were outlined [3lineline break on both], and both were within the safe zone.
Second trade just started at the 16tix area.
PS: Will be starting another TopStep Combine next week for $50k
The following 2 users say Thank You to msull35706 for this post: