I didn't really have a setup for this trade; I just expected further dollar weakness that would provide a good environment for all asset classes, including the stock markets. I took the Russell because this was a short-term trade and it tends to move quicker than the others.
I also had no real reason for selling. I think it will probably go higher because there should be more dollar weakness ahead of us, but I'd made $1000 on this trade in less than a day without a setup or risk point and that sounded good to me. The 50 day simple moving average is just above us at 830, and that could provide some resistance. The trade more than made up for yesterday's transgressions so I'm pleased about that no matter what happens next.
| Position | Qty | Contract | Entry | Date | Exit | Date | Ticks | Profit | Held | Setup |
| Long | 1 | Russell 2000 Index Jun11 (TFM11) | 819 | 05/17/11 | 829 | 05/18/11 | 100 | 1000 | 1 | Dollar EW Count - Wave 2 |
