Hope you had a great trading day. Off to a slow start today in an uptrend but patience paid off. Quick little entry for a risky reversal back into a continuation long. After rollover action is not bad even at these new highs. (Be sure to check out this Rollover Video if you are wondering out when to roll or what contract to use). Yesterday was even cleaner with an entry right away and done in the first 20 minutes. Gotta like that. Trying to keep the video a bit shorter as to not bore you to death so with no further adieu...
Hidey Ho Traders,
Been a bit since publishing a video but thought it was time to show some of the specific setups I use every day in my trading. Keep in mind these are some of what I use and you have to use what clicks for you... Got a little wordy but I think there is good info to be had so no apologies. Had a choppy, junky action today but if you were nimble and just follow the signals there was plenty to be had even if you are not "Johnny on the spot." Summary is; know your plan, memorize it until you see it in your sleep, practice, practice, practice and apply it over and over... Just do it already!
Waited and waited today and the market about wore me out. It's important to not let fatigue pressure you into a trade (voice of experience here). Wait for that setup and then wait for the profits. Finally had a clean reversal setup, actually the only trade I took today, show up and had the patience to wait it out. Was happy with the nice profits after getting worn out by the slow market but hind site is always 20/20 and my stretch target of 6 would have been hit easy if I didn't call it a day. Well, emotionally I was done after the molasses move and am glad it was over...
Anyway, attached is the video of my trade for your review. This is one of the dandy MTF reversal entries that are really high probability at least for a couple of points fairly quickly, sometimes a LOT more since I'm hitting an absolute extreme... Notice I'm not flipping between charts trying to mentally piece things together and also note the nice alerts popping up that keep me awake. Now there's the power of the MTF indicators and the Combo-View. Boo-Ya!
Hope it is useful to you.
The EEdge indicators are pointing the way to reversals and continuations like clockwork and in this video I try to give an overview of how I interpret some of the signals that I like to see so I can gain some confidence and place some winning trades. Apologies it ran a bit longer than I like but talking about some longer term nuances and predictions then going over some trades I took on Friday made me a bit wordy. Interesting how patterns repeat and repeat for us to take advantage of. Had some problems with Bloomberg lately being blank and not showing the economic calendar, not sure if anyone else noticed this or if it was just me. Seems to be corrected now but annoying just the same. Anyway, had a great week with the volatility and hope you all got a piece of it! Hope the video is useful to you...
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