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Weekly Walk-Through - Crude & Russell e-Mini

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The Crude Oil Futures and Russell e-Mini futures put in very steady performances this past week. They are both solid example walk-throughs since each market had very strong days, and days where more effort had to be made to achieve our profit objectives. Not every trading day was perfect -- so each shows a very realistic outlook of what you should expect day-to-day and by the week. We stuck to taking the highest odds set-ups so if you in particular need more review on that, both videos will show you the best day trades set-ups we have with the method as we've been outlining for you.

The Crude Oil Futures trades ended up the week (1/5/09 - 1/9/09) with 17 wins - 8 losses at +$2.70 ($2,700 before costs with one contract) which is a 68% win rate -- above our target objective (which is always 60% or greater) so a very solid week.  One day was quite easy (Monday), one day was a battle (Tuesday) but in the end the outcome was good. IF you stick with the plan and show the patience a successful trader needs. One time we lost three trades, but immediately thereafter? 4 straight winners -- the best trades tend to follow the struggle and it's up to you to stick with the plan.  Just remind yourself of the eventual outcome - it's worth the added discipline:

http://www.netpicksllc.com/UMTDailyVideos/010909CL.htm

Russell e-Mini Futures trading ended up the week with 9 wins - 4 losses (using a 233 tick timeframe -- you may look at some quicker timeframes as this one can take a good part of the morning session to complete) and +14.50 = $1,450/contract.  This included two days which were basically break-even, and a 69% win/loss percentage which was excellent.  So, even with two days that were no better than even you still end up with a nice gain.  Again, it's about proper expectations -- we cannot win big every session -- some days will be a scratch, some days a loss but we should stay very consistent given our 60%+ win/loss ratio (and in this case almost 70%) and every trade having a higher profit objective than risk.  Those numbers will favor you over time - always.  Here's your walkthrough:

http://www.netpicksllc.com/UMTDailyVideos/010909TF.htm

 




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