Monday, April 1, 2013

YM winnings

Yesterday evening I started tracking a butterfly on YM. I made two trades one to the upside for the butterfly pattern to finish and one to the downside as soon as the pattern finished. Two good trades based on commonly understood patterns.

Setup of the pattern. You can see the various legs of the butterfly are proportional.

Here it is on the way to the 127.2 extension.

Here it is at touchdown.