Saturday 28 July 2012

Today's trades

I did not take any trades on Friday as I did not have a feel for the market.  Price rallied on ES and YM and I do not like one directional days so it was a good decision for me.  Anyways, taking breakout trades is not my forte as I prefer the pullback in a trend.  There were many breakout trades today for those who prefer them on both instruments.  I have poested a few screenshots of RPM breakouts catching the momentum trades.  I am seriously looking to start taking breakout trades in the future.  I need to lose my OTA head to do so though.

Here are a couple of videos with my trade ideas on oil.  I missed a good pull back to a supply zone which could have given around 60 ticks.

http://www.screencast.com/t/Rxcmro2c

http://www.screencast.com/t/hNqI2N6TME




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