Well traders lets have a very quick look at Mondays live trades. After sitting through a solid winning session on Mondays Early Forex session the anticipation for a winning session on the Dax was high…..and the Core did not disappoint!
Our first trade of the day was a short reversal setting up just after the European markets opened. The Dax opened up strongly and quickly become overbrougt based on our indicators. We were then triggered into our reversal which only went to 50% of its target. Our trade management ensured we were utilising a dynamic stop and we were able to cut our risk down on our first trade to 9ts.
We didn’t need to wait too long for our next set-up trade which provided us with a long cross. The trade triggered and hit full target within 8 minutes providing us with 18pts profit. Finishing the European Dax session with a total profit of 9pts.
Total pts profit $224 Euro
Our next session kicked off on the open of the US session with us trading our Core strategy on the Russell emini. This market is ideal for new traders and it is currently running at a 71% win rate. Last week produced 4 out of 5 winning nights so we were looking to continue our high win rate on this market using our “power of quitting” strategy.
First trade of the day set up on the Globex we were triggered into a reversal that went to target deivering 1.80pts. Then a Deep pullback short set up and triggered providing us with our second winning trade for 1.70.
Total 3.5pts profit $350 per contract traded
Our last session had us trading the Dax directly after our 2 winners on the Russell. 1 trade taken for the session which was a reversal long delivering 16.5pts profit.
Total 16.5 pts profit $412.50 Euro per contract
Total profit for Monday’s trading in our live trading rooms:
Russell $350 USD
Dax $636.50 Euro
Cheers
Shane@netpicks.com
