Fri Feb 17, Russell 'Oops'


A classic Larry Williams Oops opening in the Russell 2k futures today, but those don't necessarily go straight down, as any futures trader playing gaps knows. So our initial short entry was into the bounce off the early plunge....then the 2nd bounce short again, and finished with a long at support from our Pivot Ledge-Breakaway Grid™ intersecting with the a Serial Sequent™ reversal signal. After that, our True Trend Indicator continued pointing towards lower pricing, but it's Friday before a long weekend, and a quick 3+ pts gets us away from the screen after the 1st hour and helps end a good week. Trade Summary:
Short 2 TF 831.2, 831.6, +0.2, +1.6
Short 1 TF 830.8, +1.3
Long 1 TF 829.2, -0.6
Long 1 TF 826.6, +1.0
Total TF +3.5
Total TF for the week: +20.4