Easy Futures Investing
Your guide to futures trading, the easy way.
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Afternoon,

The Russell 2000 gaped up today, breaking a trend line from yesterday. The price pulled back to the trend line and Woodies Pivot and formed a trader’s trick set-up on the 3rd 3 minute bar above the 56 EMA. The time was 8:39 am CST with a long entry of 730.40. Here is the chart of trade 1.

Trade 1

Click on chart to enlarge.

august-22-08-trade-1.jpg

The market then went into wide moves with no entries and ended in a sideways base right before my Friday trade cut off trading time of 13:00 pm CST. Here is the chart of the sideways base.

Sideways Base

Click on chart to enlarge.

august-22-08-sideways-base.jpg

The market is beginning to have some trending times during the day and one can only hope that this is the beginning of more normal trading patterns.

Have a great weekend.

Best regards,

Ron

This is not a solicitation to buy or sell. 
There is a risk in any investment

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