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Re: sharpshorts post# 649

Friday, 12/28/2018 8:51:54 AM

Friday, December 28, 2018 8:51:54 AM

Post# of 1589
Anatomy of a MACD-EMA-turn bottom...low-risk-high return

+17 points or +$85 per contract
...needing only $500 per contract to purchase 1 contract...
...holding the position for less than 2 minutes...
...risking only $25 if using a 5 point Stop-Loss



Same bottom 3 minutes later on slightly higher time frames
+43 points or +$215 per contract
...needing only $500 per contract to purchase 1 contract...
...holding the position for less than 5 minutes...
...still risking only $25 if using a 5 point Stop-Loss




These types of trades happen many, many times every day.
...Just pick the chart time frames that you are comfortable watching
...Decide on the number of contracts to trade
...place an oder

I suggest using bracket orders that automatically place
initial Stop-Loss and Target orders for you.
Either or both legs can be modified once a position has been confirmed.
Never lower a Stop-Loss leg -- raising either or both legs can maximize profits.

There are times that the e-mini futures will move faster than you can place
favorable exit orders...so use bracket orders.

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