Live Trade 03/29/07

Here is another live e-mini trade for your review. In yesterdays video I took a 3 tick (0.75) loss but the video when uploaded would not play. I wish you had a chance to see it because I have not had a losing trade yet and it incorporated the adjustment of the stoploss to a tighter level that I have mentioned previously.

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Todays trade was iffy. Things were moving kind of wildly at the time and it actually occurred at the consolidation point at the low of the day. Either way it ended well and off we go to tomorrow.

I also mentioned in my post the other day about diversification, that I had a follow up coming. I am not going to do that tonight but I may be able to get that done tomorrow morning or during the quiet time of tomorrows market.

As a quick swing trade note I see an opportunity in some of the transports. With oil surging, the conventional wisdom is to bail on these. I would like to see a pop through todays lows to get long some select names like JBHT and RYAAY in anticipation of a possible easing in the Iranian issue. Hold no longer than 10 days or closing above a 2 day high.