Futuro IBEX 35

BEFORE Trading Analysis

Analysis for Monday 28 January

Uptrend market. Break out at 8675 on Friday and confirm the uptrend closing a 8711...loosing 8675 would mean back to lateral canal...Sale if it loses 675. Few resistances tomorrow also see below.

 

RESISTANCE:	8734	8751	8795	8844	8971
SUPPORT:	8700	8675	8600	8585	8521	8429
	8394	8247	8219

 

Futuro IBEX 35

AFTER Trading Analysis

 

TRADE 1

1/ Why did I get in? Price opening on my resistance at 8751 and RSI 3 at 80

2/ Risk on capital taken?    3,33%

3/ Out with a profit goal or Stop loss trailing? Out with profit goal + 25pts

4/ Did I follow the rules? Yes -Good trade

5/ Comments on trade: Price stopped at the line 50 of the RSI 3

 

TRADE 2

1/ Why did I get in? My support is at 9700 and I got in a 708 because the RSI 3 was at 37 and went down to 30 with a low at 704.

2/ Risk on capital taken?     2.66%

3/ Out with a profit goal or Stop loss trailing? Original profit was at 728, out with a profit +16 at 724 because of RSI 3 at 70

4/ Did I follow the rules? Yes -Good trade and I moved stop after 25’ so secure a winning on the trade.

5/ Comments on trade: Both trade the price reacted on my lines.