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If you are looking for a simple but effective system for day trading.

You can use this for stocks or futures. Here is my example from today's S&P emini.
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long the S&P eminis at 1332.50

covered my S&P short at 1337

+ 1 point

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I am going to short the half I covered.

short the S&P at 1342

average price is 1338

covered half of the S&P short at 1317

+ 17 points

This dollar rally has killed the movement to the upside in the markets. We are close to breaking the trend line I showed in yesterday chart. It does look like that trend line will be broken today. A close below 1323.5 will break the trend line in the S&P eminis. Time to go short ( Read more... )

long the S&P eminis at 1347.5

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