Given the hype last week leading up to Sunday’s big game, Super Bowl XLIV, got me thinking of a great analogy. As many of my clients know I’m a relationship guy, using comparing and contrasting techniques to value price of all the markets I trade. During Sunday’s game I began to compare scoring in football, to a winning trade in trading.

Focus Trading Eurex Report

This 2/8/2010 Eurex research report from Focus Trading includes details on the Bunds, Euro Stoxx, and Dax along with market profile commentary and the upcoming economic news calendar. Also included are the associated support and resistance levels.

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Ok, we have all been there... you are in a multi-contract trade and have taken some decent profit, but that last contract is still in play. The line between Patience and Stubbornness starts to wear thin. I was in such a trade on 1/29/10.

OK, we have now taken out and HIT my 1062 Trading Point and are heading down to my Long Term Trading Level of 1051. If the Market (the S&P) does not find support at the 1051 Trading Level I would say that the Market may actually go after my 1042 Trading Point.