The head and shoulders pattern is working well on the Russell. We are half way to the measured move objective. If you missed this trade then please revisit our past Russell posts and watch how the pattern played out. Patterns repeat and there will be many more.
Thanks Michael...who is your broker? Are you in the US? There shouldn't be a spread on the Russell futures through the ICE. Are you paying commissions on top of it?
Brown.Michael.6
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no i use cmc im in Australia so trading cfd's so i have a spread of about 15-20 on them, which doesn't fit into my trade
OffTheFloorTrader
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Wow...that's crazy. That doesn't even seem fair. Try Interactive Brokers to see if you can trade the Russell without spreads. I have heard they are pretty good for traders outside he US. Hope it helps.
Brown.Michael.6
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this trade has been an awesome set-up, watched it from the time you posted the 1st highlighting it. i only wish the spread wasn't to big on it with my broker so i could have taken it.