October 1, 2012
- in Uncategorized by schooloftrade
Day trading strategy waits for market personality to trigger entry on high-percentage-trades
This morning was an excellent example of EXACTLY what we referred to in our Morning Prep this morning at 8:00am EST. We always have to be patient on a Monday morning, and today our patience was rewarded with some serious profit late in the morning of the US trading session just before Ben Bernanke took the stage. Our day trading strategy works in ANY liquid market, including Forex, and we called every trade this morning LIVE with entry, stop-loss and profit-target so that even the newest traders can make profits with us.
The day began at 7:30am EST this morning when we posted the morning prep, we then followed that up with a review together at 8:00am EST and we began trading shortly after 9:00am EST. We know Mondays are almost always going to be very slow at the start and that if we can stay patient we have plenty of opportunity coming our way. We spoke this morning about setting up our charts correctly, using our time wisely, almost ‘distracting’ us from the sideways price-action we were seeing on Crude Oil, Mini-Russell, Gold, and euro. Soon enough the market personality changed and we were ready for the trading opportunities that would come next.———————————————————-
Read the Complete Trade Room Recap HERE
