AI
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| Alias Born | 10/29/2007 |
Tuesday, October 23, 2012 4:22:57 AM
S&P Hourly Chart
Ready to pop the weasel again here Boca...market should move up nicely from these levels so I'm long on the risk pairs again. Had a nice short overnight that netted $560.
This pattern, by the way, isn't a standard inverted head and shoulders. It's a pattern that was made known by a guy named Kevin Lowry, a currency trader that uses no indicators whatsoever...only patterns and a fib retrace tool. I've found it to be a very powerful pattern as compared to the standard head and shoulders or IHS patterns that we're familiar with. Minimum target for this S&P futures chart is 1445.
Excellent strategy on your options trading and some nice gains there. I employ the same strategy...no more than 10% of the total equity in my account per trade. I also never have more than 3 total trades going at one time whether it be in one currency pair or in 3 different ones. Gotta be able to play another day in case it doesn't work out.
Ready to pop the weasel again here Boca...market should move up nicely from these levels so I'm long on the risk pairs again. Had a nice short overnight that netted $560.
This pattern, by the way, isn't a standard inverted head and shoulders. It's a pattern that was made known by a guy named Kevin Lowry, a currency trader that uses no indicators whatsoever...only patterns and a fib retrace tool. I've found it to be a very powerful pattern as compared to the standard head and shoulders or IHS patterns that we're familiar with. Minimum target for this S&P futures chart is 1445.
Excellent strategy on your options trading and some nice gains there. I employ the same strategy...no more than 10% of the total equity in my account per trade. I also never have more than 3 total trades going at one time whether it be in one currency pair or in 3 different ones. Gotta be able to play another day in case it doesn't work out.
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