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Learning to ‘Tread Water’ Trade

July 12, 2012

Here are today’s trades. Apart from the change of trend early in the session, things were pretty straightforward. I’m just trading exactly the same behaviour pattern over and over again – buying pullbacks in uptrends and shorting rallies in downtrends. Net profit for the day was 9.25 points, or $462.5 per contract. If you can capture just one day of profits like this per week and tread water the rest of the time then you’ll have a favourable outcome. Here are the outcomes for the individual trades shown on the chart:

2.75  /  2.50  /  -1.50  /  2.50  /  -1.5  /  4.5

View Today’s Chart Analysis

__________________________________________________________________Daytrading Chart 12th July

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