ES_F Friday Options Ex Review: Excellent MACD trading signals
by indextrader
Fridays options expiration was an excellent lesson in using trading signals using MACD.
Early morning Break out of from base lead to highs while MACD diverged lower. Resistence at 923-922 lead to a break of 918 neckline. 918 break lead to a target measured move from the peak to 913. MACD based toward afternoon and short covering bounce ended the day with some final volatility. Excellent movement for futures traders.
June 21st, 2009 at 1:19 pm
A $2,000 account would could have made thousands on a volatile day like this. There was a range of 12 E-mini points from top to bottom. Each E-mini point pays $50 and there were easily over 20 points to be made for a full days work for a pro trader. $50 per contract x 20 points = $1,000 per E-mini contract.
Serene Investors are balanced trader who only trade what they require and then move to live their lives to the fullest. Tradings a couple trades a day or a big payday a week is the goals for many Serene Investors, then trading “work” for the other things life has to offer, without any more worry about the market.
cheers.