Thursday, March 26, 2009

March 26, 2009 Thursday Trade 6 Long 2 Contracts (last trade of day)

I went long on oversold 3 minute stochastics and the smaller timeframe (233 tick) showing a double bottom formation. It was good for a scalp only as shorts are in control now and we are going against a recent double top on the 3 minute chart. I am quitting for the day here, only up $27 bucks net on the day but at least it was not a drawdown :D

Trade 6 (Long 2 Contracts +1.25, +.25 points):
Trade 6 Screenshot