Futures Trading the Real Truth of a Live Trade

NOTE: To get a better understanding of this text you will need to watch the video first. This is a transcription of the day trade that happens in the video.

So this day had been in a serious consolidation area all day because the day before that was a huge runup.

So today what I’m looking for are breaks in that consolidation.

After it gets broken, I look to enter after a good break. Then I look at my 20 period EMA line, I usually like to have it at one point for my first target.

And also, I am looking to enter because I love this trade. I think it’s a great one. It’s showing a lot of movement to the down.

To enter at my main line, which is the 52 period EMI line on this particular chart for today.

So my first target is the green line at one point after it breaks. I’m leaving it to go further. And this is my this red line right here. This is my stop.

So my plan is that, once I get filled, I move the stop to break down to where my first target was. This way if it doesn’t continue, I don’t lose anything. I already made my profit.

And there is some serious strength. So now I’m just going to wait for it to fill me here.

Finally, it reaches my target. So now I am going to move my stop line and will keep waiting to see where this goes.

right now I’m breaking even, so if I continue and the market goes back, I already have my profit.

Now that I have done some waiting I decided to take out an entry that I was contemplating because I started to see some divergence on the MACDs.

If you can see, the price is running lower. But this is definitely showing me that there could be some hesitation. So I’m going to just hold off on this new entry for now.

It went down a little more so I moved my stop line further down, just a little bit. This way, no matter what, I get a little extra profit because at this point I need to see this little consolidation break. If it breaks, I’m going for the next target. If not, I’m ready, I’m good with taking a little bit extra.

But that will give me a good point and a half, which is quite great.

At this point, point and a half, it’s over. It’s almost 100 hundred bucks, so I’m good for a five-minute trade and definitely looks like it’s about to retrace.

Yes, it’s definitely turning back around.

OK. You see, I gave it a little bit of room, so now I’ll see since I’ve already got my profit in at this point. I don’t care what happens because that’s the most important thing. Once you remove the stress of it, you’re good to go.

It did a little bit of a break. So at this point, I’m ready to move this down even more. If it retraces, I’m going to give myself a little bit more of a profit.

After a little more waiting it broke a little bit more. I actually might even push this down further and bring this to the less pivot and this point.

At this rate, I’ve already got two points going on. If I get stopped out.

Okay, so now just sit and wait.

It finally stopped me out.

I had two contracts and I made one point with each one-point equals fifty dollars. Two contracts equal $100.

So in less than ten minutes for one trade, I came out with $200.

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