Again today, we scratched out a new record high with our Russell emini 233 tick using the UMT Core strategy. We began the session, losing our first trade. The market began today, very tight, very chopping with several false breakouts in both directions. This produced some mixed results for many traders and mixed results for us in the trade room as well. In the end though, by just hanging in there, leaning on the system and using some good ole fashion common sense, we came away in excellent shape.
The Russell (TF) 233 won the next two trades in a row and posted a nice +2 point finish, which put us 1 tick above our last record high level, set two days ago. Still though, it is a new equity high and we are just a few winning trades away from adding out 2nd contract on the Russell Tracking Page.
The Russell 292 Sharebar with Advanced Tactics didn’t fare quite so well and did get caught up in the chop today. Still though, we eeked out a couple winners and only ended the session down – 1.4. Considering we are still up for the week and that we hit all time equity highs just 2 days ago, tells the more important story. We’re fine!
It has been a difficult, tight market lately but we are still doing what we do, and winning! Our Nasdaq emini trades today won 2 out of 4, but more importanly, gave us a power of quitting result of + 2.25. It’s a modest gain, but, we are positive overall on the week so far, and, we hit new equity highs again.
Modest gains. Tough trading. It is what it is. We’ll just keep doing what we do and it will keep us moving forward and upward.
Here is a video highlighting the last couple weeks fo nasdaq emini trading.
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