malaspina
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This trade was made on February 10, 2010. (Taken from my blog).
Today the market was wild during the morning, the emini nasdaq 100 was bouncing up and down with tremendous force, market action was coming in front of my screen showing high volume, still my system only gave me a buy long signal around 10:45am, the risk was very low and the potential reward was high so I jumped in and place my buy order for 5 contracts. Again, it never looked back, 30 minutes later I close my position after I detected capitulation volume with a nice profit of US$ 965. This was a 10 points move, W/L Ratio was 8.04.
It is important to note that the long-term view of the market is up (long term trend is up). We still need more time to see if a market correction will take place, only time will tell.
Remember, there is no way to predict the future but we sure can surf the trend in place.
Stay tune for more.
Humberto Malaspina.
Today the market was wild during the morning, the emini nasdaq 100 was bouncing up and down with tremendous force, market action was coming in front of my screen showing high volume, still my system only gave me a buy long signal around 10:45am, the risk was very low and the potential reward was high so I jumped in and place my buy order for 5 contracts. Again, it never looked back, 30 minutes later I close my position after I detected capitulation volume with a nice profit of US$ 965. This was a 10 points move, W/L Ratio was 8.04.
It is important to note that the long-term view of the market is up (long term trend is up). We still need more time to see if a market correction will take place, only time will tell.
Remember, there is no way to predict the future but we sure can surf the trend in place.
Stay tune for more.
Humberto Malaspina.