Dynamic Support and Resistance for Trading Crude oil, Gold, E-Mini and Euro

– Trigger Lines and ways to use them to make educated decisions

o Trigger lines on every chart that I use
o Dynamic, always changing
o Use it for many reasons

 Flat trigger line = no trend / sideways market
 Slope to trigger line = direction of the trend / moving market
 Used for stops and profit targets

• Take entry on the 13r long, and use the 34range trigger line as your final target.

 Confirm or deny a potential trade

• If I run into a trigger line with my short trade I want to avoid the trade.

• If I have enough room for a short trade without running into any trigger lines as support, I will take the trade.

 MOST IMPORTANT = SLOPE

– What do we look for when we have a 2step and a wave pattern setting up at the same time?

o Momentum will give you the answer
o Look for the perfect situation on momentum and trade with the direction of momentum

– What about trading Silver futures?

o Low volume
o High volatility
o Futures market
o Symbol = SI
o Higher margins b/c the volume is lower and the volatility is higher

– Easy way to keep track of your trades each day

o Trade management chart, plot your executions
o Save chart snapshots

 Right click on the chart, save image

o Use the daily trading worksheet we provide for you in the advanced course

– How many days of data on the dollar

o I use 90 days of data to see the big picture

– Why did I try to get the BIG runners on a day when we had NOT seen any big moves?

o We had enough profit to then have the luxury of getting greedy
o I showed you different ways to manage each trade

 Conservative = next level of s/r
 Aggressive = let it run! HOD/LOD and let er run!

– What’s the best way to identify trend lines?

o Use slower timeframes
o Mark the highs
o Market the lows
o These are the most important
o Auto trend line indicator does NOT work well using Range charts

– Candlestick patterns, can they define market sentiment?

o Watch the video on the blog on candlestick patterns