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Weekly Walk-Through - Crude & Russell e-Mini

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:

href="http://www.netpicksllc.com/UMTDailyVideos/010909CL.htm">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:

href="http://www.netpicksllc.com/UMTDailyVideos/010909TF.htm">http://www.netpicksllc.com/UMTDailyVideos/010909TF.htm

 



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