Futures Trading the Real Truth


ok so the day has been in a serious
consolidation area all day because yesterday was a huge run up so today what I’m looking for our breaks
in that consolidation and right here this was the very first one because i’m
looking at my lowest point which was around here after he gets broken I look to enter after a good break and
this is my 20 . p.m. a line I usually like to have it at one point
for my first target and also i am looking to enter because i
love this straight i think it’s great it’s showing a lot of movement to the
down to answer at my main line which is the 52 . p.m. a line on this particular
chart for today so my first target is right here it’s at
one point after it breaks after i get filled here i’m leaving it to go further
and this is my this red line right here this is my stop so one so i didn’t get filled I move this up to break even this way if
it doesn’t continue I don’t lose anything i already made my
profit yeah and there’s some serious strength so now
i’m just gonna wait for it to fill me here yeah this happens very normal when you touch
touch touch and sometimes it doesn’t get filled which really sucks but you know
it is what it is this is where my target is great so now i am going to move this
over right here and now i’m just waiting to see where this goes I’m going to be keeping it at that break even right now if i go back i
already have my profit I’m going so right now I have to be honest you know
I’m kind of contemplating this entry right now so I’m going to just take it
out because what I am noticing what I’m noticing right now is divergence on the maggies if you can see
here the price is running lower but this is definitely and showing me that there
could be some hesitation so I’m going to just hold off on this
for now yeah so with this kind of divergence and I’m
seeing that the monkeys are now starting to turn and there’s some consolidation i
might even want to just take an early an extra when so what I’m doing now is I’m moving
my stop to hear this way no matter what I get extra profit because at this point
I need to see this little consolidation break if it breaks that i’m going to go for
this target if not i’m ready i’m good with taking a little bit here because it does not it’s going to continue to further down
but that will give me a good point and a half which is quite great at this point . and a half it’s over it’s almost a hundred bucks so I’m good
45 minute trade and definitely looks like it’s about to retrace every traces
it could retrace much deeper and look at back to do it’s turning yeah I’m not fan when I
start to see die virgins yeah yeah yeah yeah it’s definitely turning back around ok you see I gave it a little bit of
room so now I’ll see since I’ve already got my profit in because at this point I
don’t care what happens because that’s the most important thing once you remove the stress of it you’re
good to go so let’s say this might actually now
break and head further down and there you go did a little bit of
them cake so at this point I’m ready to move
this down even more if every trace is I’m going to give
myself a little bit more of a profit right so let’s see how strong with this
is because right now the mac these are shown me that there isn’t that much
strength in this particular trade it’s really slowing down even though it
looks like its continuing further here yeah yeah yeah yeah and there you go it broke a little bit more I actually my
name and push this down further and bring this to the last pivot and this
point at this rate I’ve already got two points going on if i get stopped out right there yeah ok yeah yeah ok so now it’s just it can wait ok so basically what
happened is it’s not me out and here we go i’ll show you how much i
ended up ok so here we are I entered here my first out was right there and my
second out was right here so i had two contracts so i have two contracts and I
made one . with each one weight equals fifty dollars to contracts equals 100
equals one hundred dollars so in less than 10 minutes for one trade I came out with two hundred book with
one hundred dollars

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