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This tick fade didn't work

John F. Carter 1/18/2012

 

John took one trade in the close but was stopped out on the Russell. He scaled in multiple contracts using tick fades after a -1000 $tick reading but eventually got stopped out. This trade usually works about %80 of the time but didn't in this situation. John had never seen something like this downtrend in the market before, which is the exact reason he loves trading: it always keeps you guessing.

There is a free webinar with John Carter, Hubert Senters, Todd Gordon, and Dave Floyd on Thursday at 8:00 pm.