Five Minutes a Day Trading – Reversal – Feb 20

A surge in early trading saw a buy entry that looked good for the firts two hours of trading, with the market rising strongly. However, the positive sentiment evaporated around 15 points short of the take profit target, and the subsequent reversal saw the stop loss triggered.

Just six days to go. Two more successes will get the strategy to just above break even (plus 10 points). Three to deliver a profit. Here’s last night’s set up:

20120221 dax prices

And the scorecard:

20130221 results

You can read more about the Five Minutes a Day trading strategy here:






About michaelmccarthycmc

Chief Market Strategist - CMC Markets and Stockbroking Regular on ABC, BBC, Bloomberg, Channel TEN, CNBC, SBS and SKY
This entry was posted in Market, Shares, Stocks, Trading and tagged , , , , , . Bookmark the permalink.

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