Total whipsaw with nice profits on the first two trades given up in quick reversals, then the final trade made up for the first two – almost.
The JT long trade was partly successful, stopping out after half but then going back up to reach the target. The UNI short trade back down was also successful, though it occurred after my ‘no trade’ zone of 3pm.
These trades were posted in advance, as always. [...]
These are the trades that occurred today. Scroll down to the the set-ups posted at the beginning of the day.
These are the trades that occurred today. Scroll down to the the set-ups posted at the beginning of the day. The first attempt to trade a short into the bottom trimester reached 1/2 profit for +2.75, then stopped at b/e on the failure. The second attempt stopped at -3.5. The third attempt reached 1/2 profit [...]
Because the market opened right on a VPC, that generated a UNI trade just before market open (went to +4 before retreating for b/e stop). Since that VPC was invalidated, I drew the ranges from the next higher VPC to the next lower VPC – thus ignoring the existing gravitational “pull” of yesterday’s POC. The [...]
The JT short trade out of the middle trimester worked fine, as did the UNI long trade back up. The JT long trade back out of the middle trimester was stopped for a profit after tightening the stops, but eventually hit the half target. These charts show the individual trades; you can also scroll down [...]
Today two of the three set-ups resulted in trades; all were positive. The key was the short trade out of the middle Trimester, down to the VPC of 1221. We had two valid MSH short signal. Both ultimately failed but by taking profits at the 1/2 way point, we were able to secure profits.
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No secret sauces. Learn more about the two simple, intuitive methods for these trades here: The Universal is for trading retracements after the market hits up (or down) against clear pivot point (I use the Market Profile’s Point of [...]
The next chart shows the one trade that was triggered fore +3.5 and +7. The bottom chart shows the set-up posted before marked open. After a few hours of sideways movement, it was clear not to trade or anticipate a breakout of the middle trimester; rather, to be safe, wait for a break then trade [...]
This was the third time this week that we got full targets on both the JT and the UNI trades. It’s also the first time that we got all four potential trades in the same day. I would have to say that’s rare. But, it’s good to fill the coffers when we can, because there [...]
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- Jardine Range (288)
- Methodology (6)
- Trade Journal (12)
- Trades for Today (54)
- Trimester Trades (101)
- Universal Reversal Trades (228)
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