Futures Day Trading Results 8/3/2010
We had a nice Pullback “One and Done” today in our Live Emini Trading Room! We we’re also coming out of No Zone so I grabbed the NSE out of No Zone as well as that is a higher probability trade! I made 4 ticks on that trade (on the first “leg”) I then moved my stop up into the money and was stopped out with a small gain. So we had 2 points+ to be made in the first 15 minutes of the day!
What is not on the video today is the 2nd NSE after NO Zone – that was also a nice winner as well. We’ve been discussing on this blog quite a lot lately that the 1st NSE out of No Zone is a high probability trade, but the 2nd NSE is a great recovery trade as well!
We love to see “One and Done” days – and we are at 2 in a row, but we are always ready and prepared to take a loser and follow the recovery rules! That’s paramount to any trading system is having a recovery plan!
Enjoy the day!
Cheers!
