Dow 5-minute setup

[Matt Bowen]

Ok, now that the 60-minute trend is down...let's see what this one wants to do...we just got triggered into the trade ;)

[Matt Bowen]

I see it's now trading at 10675...Right in the 2-3 profit area. Ok...on the next one...Stay with me here, we'll catch one that will put us in the black :cool:

[Matt Bowen]

Too much going on...Sorry I didn't post this earlier, but talking to customers an trying to pick out the trade setups AND get them posted can be a challenge...

In any event, The Russell 2000 brings us back to black (profitability) by the end of the day (That's why I said STAY WITH ME). Did you notice that the YM trade we put on actually moved in the same direction,we were just early.

[Matt Bowen]

Here is the Russell 2000 close...we almost made it to 9 times risk vs. reward and we make back the mone lost on the two losing trades from this morning.

This is why you CANNOT quit after a couple of losers... get back in there and wait for the next setup!!! After 20 years of trading I can't tell which trades are going to work and I'm not even going to waste my time trying. This businsess is about managing risk...nothin more nothing less.

Lets do it again tomorrow :)