Click on the chart to enlarge it.
This is a daily chart of 10 year Treasury Notes showing one losing and two winning trades.
The losing trade (labeled Stopped Out on the chart) was based upon an NMC ZeroHit sell setup and signal that occurred in mid-May. Utilizing the Ocean trading rules taught at the workshop, the loss would have been roughly 16/32nds, or $500 per contract.
This trade was followed by an NMC2 sell setup and signal in late May (see down arrow on prices and NMC2 in middle sub-graph). This sell signal was somewhat more compelling because it also occurred with prices finding resistance at the Ocean NMA.
Prices moved in our favor until they exceeded the lower boundary of the NMA in mid June. When the market closed below the lower boundary of NMA, and NMS (shown in red in the bottom sub-graph) found support at its Fast NMA (shown in blue with red arrow), the position would have been closed out, resulting in roughly a 1 and 4/32nds ($1,100) profit.
Notice that the boundaries surrounding the Ocean NMA were narrowing into the mid-June period, implying an upcoming increase in volatility.
Recognize also that immediately following the violation of the lower boundary, prices turned up, crossing the NMA in conjunction with NMC, NMC2, and NMS all crossing from below zero to above zero for the first time in at least 2 months. These are the Ocean footprints of a market turning bullish.
Immediately after the events mentioned above occurred, NMC offered us a series of buy setups and entries, with the initial buy setup labeled number 1, and subsequent add on setup and entries labeled 2, 3, and 4.
Based upon the trading guidelines taught at the Ocean workshop, you could have been long as many as four contracts during this period, assuming your trading capital would permit a 4 contract position. The initial long trade required a risk of about 24/32nds ($750), and each of the subsequent Add On trades possessed risk requirements slightly less than the original trade.
(This is the end of Part 1. Go to Part 2.)
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