Friday, October 21, 2011

Swing Long Enter ES filled (to the tick)

For the last few days I have been mentioning that the ES is setting up in a reponsive trade long entry. The risk/reward was great even if we wont get the initiatve breakout to the upside so it was a no brainer, we currently sitting on a 30 handle winner. In this part of the game sit back and let the trade attempt to breakout to the upside. We got our entry long (which was to the tick). Now we wait for our 1st Objective to be met and let this market do its thing. On the breakout to the upside Objective #2 will be sent to the subs. Way to be patient and let the market come to you $$. Good Trading Kratrader


 



Thursday, October 13, 2011

Why the $6E_F Put in it's low

$6E_F scroll down to the 2nd frame of this post from June 10, 2011 http://www.kratrader.com/2011/06/esf-kras-holding-up-nicley.html This is the $6E_F chart and the bottom band is the band that we bounced off of (Has been there for months no change)Patience is important when price is moving into critical areas like this. This is the zoomed in chart Pic#1 entering the KRA band http://www.twitpic.com/6zf8l7 Pic#2 KRA band being defended / reaction to KRA band into my Key Reference Area http://www.twitpic.com/6zfb2i/full http://kratrader.com