Futures Trades

Tuesday, May 23, 2006

 

Short setup

Note the red and green risk reward bar. Planning a trade with that kind of ratio is an edge. Identify your reward AND your risk. The pattern supports the target, and the risk matches the setup in a statistically significant manner. It's a good setup regardless of whether it rewards or stops you out. The difference is only discipline.

As I type I notice the neckline is failing prior to the pop to the 11200 entry. Ah well, still worth posting the plan; was a good one; just a little late hehe.

I also note the 15min 'c' is yet to confirmed itself as completed

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