Thursdayoctober29, 2013Russell 2000 Futures Homework
ThursdayOctober29, 2013Russell 2000 Futures Homework
Chart / 300Time / Action / 7:47 MT Sell to Open at 1106.8
Indicators / 300: divergence; red star; OB; teal momentum line and OBOS kick down; histogram showing selling pressure
400: flat OBOS in OB area; red candle with no topping tail; histogram showing selling pressure
500: OBOS line started sloping down; histogram showing selling pressure
Notes / Waited for market to open and settle a bit.
Now that I’m in the trade:
300: orange star; teal line crosses blue and red lines; all three momentum lines separate; OBOS lines point down; histogram shows selling pressure; at 7:52, red candle with no topping tail
400: teal momentum line turns down; another red candle with no topping tail; red star; teal line crosses blue and red momentum lines; all momentum and OBOS lines pointing down and separated; histogram showing selling pressure
500: red star; teal momentum and OBOS lines turn down; teal line crosses blue and then red momentum lines; red candle with no topping tail; orange star; histogram showing selling pressure; all lines pointing down and separated
Time / Action / 8:01 Buy to Close at 1096.6
Indicators / 300 and 400: divergence; teal momentum line stopped pointing down; OBOS; histogram showing buying pressure
Notes
Total Points / 10.2
Chart / 300
Time / Action / 8:39 Buy to Open at 1094.5
Indicators / 300: bouncing off Lo; green candle with no bottoming tail; teal line kicked up; green star; flat OBOS line; histogram shows buying pressure
400 and 500: price bouncing off Lo
Notes / Now that I’m in the trade:
300: green star; teal line crosses blue line; blue star; teal line crosses red line; blue line crosses red line; then all momentum and OBOS lines pointing up and separated; histogram showing buying pressure
400 and 500: green star; teal line turns up; teal line crosses blue; OBOS lines pointing up; teal crosses red; blue crosses red; histogram showing buying pressure; all lines pointing up
Time / Action / 8:54 Sell to Close at 1099.2
Indicators / 300: death cross; candles approaching resistance from 8:15; teal momentum line kicks down; flatish OBOS; histogram showing selling pressure
400: flatish OBOS; histogram showing selling pressure
OB on all three charts
Notes / I need to learn better contract management. While the 300 told me to exit, all of the larger charts were saying to stay in the trade (momentum lines all still separated)
Still crawling.
Total Points / 4.7
Total Points for Day / 14.9
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