I'd buy that for a dollar - Closed

 So, a new day today, and new trading opportunities. Did a couple today, and detail them below.

1st setup:


So, all of the charts for the ZF were showing above the cloud today, so looking for a place to go long. Waited until after the 0830 numbers (that didn't really move the market). As using the ZF, went for a 12 tick reversal. At 0836hrs, BOT 1 x ZF @ 109'297. Stop 20 ticks, target is open. After opening, price moved up 20 ticks, so moved stop to BE+1. Price then proceeded up, but some European numbers at 0915hrs moved the market and I was stopped out, with slippage of 1 tick. At 0915hrs, SLD 1 x ZF@ 109'297. 

Very happy with the trade, as I followed my rules and came out with a scratch trade.

After being stopped out, waited a few minutes, re-did analysis and then re-entered on 12-tick reversal. Stop of 20 ticks. Will move stop to BE+1 when up 20 ticks. Will have 5 min 2-bar trailing stop (low of bar - 1 tick). At 0919hrs, BOT 1 x ZF @ 110'010. 

Moved stop to BE+1 at 0923hrs.

Again, price went up, and then came back down to hit my stop. At 0947hrs, Sld 1 x ZF @ 110'012.

Great trade for me, even though I only got 1 tick. Moved my stop when I said I would and held to see if the market would start to run. Was unable to start moving my stop according to the 2-bar method, but that is OK.

 Excellent job and am very happy this morning! 

Good for one tick minus commissions. $1 in the green.

As the morning wore on, looked like the market would trade inside a range. Paper traded one move from a swing low to the double top, so it would have worked. Then the market started to be strange again. Huge moves. Analysis is now changing, with the D above the cloud, H above but beneath the Std line, and the 10M below the cloud. 


Although it is tempting, I will let the timeframes align and get in when there is a better setup. If the hourly closes below the cloud, that will be the time to enter on a reversal. 


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