Overview

My, the Trader Guy‘s, trades resulted and always results from:

1. The use of a trading system whose signals are derived from multiple confirming indicators and other short-term momentum-based technical analysis tools.
2. Money management rules that not only aligns with my account balance but also my psychological ability to handle the potential draw-down to the account from consecutive losses.
3. My belief that volume precedes price and as a result I seek conservative trade entry points that align with the short-term momentum of the volume of the instrument being traded.

The Result:

5/18/10 – A total of 22.25 Points were captured

• Trade-1 -At 10:30EST, a short was triggered at 1136.75 with a loss stop at 1144.25. After 12:00EST, Target-2 of 1128.5 was hit for a difference of +8.25 points
• Trade-2 – At 12:57EST, a short was triggered at 1130 with a loss stop at 1135.5. After 14:36EST, Target-2 of 1119.5 was hit for a difference of +10.5 points
• Trade-3 – At 14:48EST, a short was triggered at 1119.25 with a loss stop at 1122. After 15:00EST, Target-1 of 1115.75 was hit for a difference of +3.5 points

About the Trader Guy?

The Trader Guy shares his thoughts and trading activities to help his subscribers measure and confirm the lessons learned by their various educational sources.

From a trading perspective, Trader Guy shares his approximate entry points, profit targets and a support/resistance point. The support/resistance point is the price at which he thinks if broken, would result in a valid reason for exiting the trade for a loss. Visit http://traderguynextdoor.com for more information