S&P Mini-Futures: 4-25-07

A trade looks to being setup at this time. The Tenkan Sen and the Kijun Sen have moved into a bullish indicator. See chart below. We now draw a Chikou Span Resistance line with a buffer and that is our entry point. The entry point is shown on the chart.
Right now, the Stop will be based on the daily Kijun Sen. However, we will look at the charts once we have entered the trade and see if we need to use the 240 Kijun Sen as a stop loss because price is far away from the Kijun Sen.
For EDUCATIONAL USE.    Commodity Futures Trading Commission, Forex, Futures, Equity and options trading has large potential rewards, but also large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provide d on the Blog is for educational purpose .