Eurostoxx 50

  i missed this trade in the Eurostoxx50 today, but it is still a good example for my "2. chance" setup.

While this trade might fail on choppy sideways days, it's still one of my favorites, because the rewards on strong trend days are huge. i wrote about this strategy several times, here, here, here, and here.

Here's the chart explaining the setup :



Question ? Comments ? Feel free to ask, i love feedback. And don't forget stop by to say hello in our realtime chat

Posted by sputnik

  Great day for me on the Eurostoxx50 so far. I bought the monthly VWAP earlier (sold to early but still a good trade) and i'm now short at the weekly VWAP trying to get back to the daily. Remember to join us in chat for realtime charts and comments.

Posted by sputnik

  The ES dropped below it's monthly VWAP, 1369 pre-market. Strong support lining up at 1359, resistance at 1374 and 1379. 1359 is last weeks VWAP close and which was my target on friday, but the market showed no mercy on the shorts last week. 1369 is now the line in the sand for me.



And here's the Eurostoxx50 today, nice catch on the low for the enthios universal method.

Posted by sputnik

  Stopped out on 2. half of the position at breakeven:

Posted by sputnik

  Covered 50% of my position at 3562 for +10. Holding rest, stop at break-even

Posted by sputnik