Whip Saw rebound higher today….Wednesday 6/2/10

Posted on 02. Jun, 2010 by Johnnyr in Daily Recap

Good evening. Johnny here with a wrap up of today’s whip saw rebound trading on Boomerang.

Included on today’s chart is the new “Trade Bias Selector” which Mohan developed as an add on to Boomerang.

The TBS is a slower confirming indicator for taking the Boomerang trades. The Boomerang Force Index is a very fast confirming indicator so by combining the two you get a highly visual and intuitive approach to selecting your trades.

Mohan has forecast that today would see a strong rebound off of early lows (www.mohansmarketforce.com) and that is exactly what occured.

However, it was no cake walk as they say with the market full of lots of strong “arm wrestling ” by the bulls and the bears.

So let’s go to the charts where I’ve added some light commentary to show you how all the Boomerang Indicators work in sync.

Share and Enjoy:

Tags: day trading, e-mini, emini, indicator, S&P 500, scalping

Comments are closed.

Disclaimer and Risk Disclosure

U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

Boomerang Trader

Whip Saw rebound higher today….Wednesday 6/2/10

Recent Posts

Disclaimer and Risk Disclosure

Links and Resources