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Monday, March 16, 2009

Directional Cycle Swing

60Minute Set UP
Here NQ100 60MACCI cycle down when crossing yM ( grey bar ).

T2000 Set Up
Wait for T2000 to OB or down, here in this case it is OB and down.

RR Calculation
This is directional cycle swing trade at

Entry = 1162.50 (vwap)

Stoploss = high of grey bar (1174.75) = 12.25pts

Target1 = Low of yesterday 1151 = 11.25pts (RR= 11.25/12.25)

Target2 = M2 @ 1142.60 = 20pts ( RR= 20/12.25)

Target3 = M3 @ 1124 (RR= 38.50/12.25)

Trade management is to set at breakeven at 1151.

INDU Bullish = NO SELLSHORT


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