Short ESM* 1 contract @ 1374.25

Friday, April 4, 2008

Futures trading is a game of patience i am taking this trade near the top of a range expecting the market to stay in an inside day pattern going into Monday, hard stop at 1378.25. Indicators i use to place this trade is Stochastics, trendline break, and looking forward as a pattern recognition trade (inside day). I will let this play out or take me out, as volume seems light they could easily come up and take me out of this trade