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Wed Selloff Globex Turn-a-round 042909


Combination of a couple key occurrences provided a nice long this evening.

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And a 2nd long setup tonite, another RB trade with extremes on both Low/Mid TFs. We'll see where it takes us.

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Ninja,

I'm new to this forum. Thanks for posting these charts and commentary. Is there another post somewhere on the forum that explains your strategy and acronyms.

TC
tradertodd:

Thks for your interest. If you click on page 2 of this "Charts" forum, you will see a post on the Rubber Band trade setup. Its nothing magic, and you may know it by another name or reference. Ive tried to list the basic conditions giving rise to one, and some insights that I have. These were 2 nice examples of how they were present in addition to other factors that supported the same trade direction. Anyway, take a peek, and I'll try to answer any questions you might have if I can. :-)