Saturday, October 3, 2009

ES Emini trade set ups that anyone can do and follow

The key to being a successful trader is to have a solid trading plan and a set up that you are confident in taking knowing you have high odds of it being successful and that you can repeat over and over again.
Notice the separation of the Blue and Yellow Trend lines which indicates the Momentum of price action going UP without the need for additional Indicators.The direction of the trendlines is in line with the Long Entry, giving the high confidence to stay with the trend.
If the Long Entry was taken at the High of the circled Bar:
The trade in this example would have profited +2.5 Pts at the First Target and +4.25 Pts at the Second Target for a Total of +8.25 Points or $412.50 per contract.

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