ECM Prepare To Trade

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25 loss
26 gain
27 gain
28 loss
29 short below 1.2740 is active

29 will be closed if a 60 min candle closing will be above 1.2730. Stop will be trailed down the grid (10 points).

 

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29 gain
30 31 32 33 loss
34 gain
35 36 37 loss
38 gain
39 40 41 42 loss
43 gain

44 open trade initiated by crossing 1.2760 up on a 60 min closing.
Position will be reversed if 1.2750 is crossed down (trail)

 

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44 loss
45 loss
46 nice gain
47 loss
48 gain
49 loss
50 loss
51 open trade below 1.2940
Stop loss is at 1.2950 for a closing of a 60 minute candle.
Stop will trail down on grid of 10 points.

 

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Even with nearly 24 hours trade, gaps can occur and can have negative impact to a system!

51 loss; GAP!!!
52 loss
53 gain
54 loss
55 gain
56 loss
57 loss
58 loss
59 loss
60 gain
61 loss
62 loss
63 loss
64 loss
65 loss
66 open long; stop loss 1.2890; 60 min close has to cross level

 

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How it's great!
Big winners and small loosers.

66 gain 30+ pips
67 gain 130+ pips
68 69 70 small losses

71 open short trade; stop loss is currently at 1.2780 for 60 min. closing.

 

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That's the right graphics to above text.

 

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70 finally a gain (not a loss in stated in last report)
71 loss
72 gain
73 nice gain
74 gain
75 loss
76 loss
77 loss
78 gain
79 new trade, which will be very positiv.

 

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79 big success
80 - 84 small loosers

85 is an open long trade initated above 1.2870. Stop is at 1.2880. If a 60 min candle closing is crossing that level down get out and reverse!

 

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Too many bad trades, due to gaps and big 60 minute candles.
System needs to be revised or market has to be changed.

What about the NQ?

 

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Comparison of following futures (see attached graphics).

ENM06; Nasdaq
ERTM06; Russel
EYMM06; Dow
ESM06; S&P

All have open long trades.