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Double-top day trading strategy trades with the trend
Euro Symmetry |
One of the
most important lessons I have learned in my 12+ years of trading the futures markets
is the need to have a day trading
strategy that will profit in all the different types of market-personalities
we see. Some days are trending, while
some days are sideways. We need to be
able to trade EVERY day with confidence, so our day trading strategy MUST have set-ups
for both trending markets and sideways trading ranges. This morning we used a trending set-up to
earn some profit with our members in the Live Trade Room and today’s video will
show you how to find these day trading patterns for easy profits.
trader needs a day trading strategy that can profit from both trending and sideways
markets.
Russell Symmetry |
We used the Symmetry
set-up this morning on both the Euro and Mini Russell Futures markets. These are two VERY different markets, but we
traded them using the same patterns, and the same entry triggers. The best part of the symmetry set-up is our
ability to use this on any market, and on any timeframe.
Whether you are
scalping for a few pennies, or holding trades overnight, you can find easy
Symmetry Patterns on almost any chart every day of the week.
Crude Oil Double-Top |
We also used
the Double-top
trading set-up this morning in the Live Trade Room on Crude
Oil Futures. Crude Oil is always one of
our biggest-movers, and this morning was no different. The double-top pattern is a BUYING set-up so
we looked for new high-highs and then once we saw the double-top formation on
the chart we found the buy-zone below using our Fibonacci retracement tool to
make entry very easy. As price moves
higher, the buyers failed twice before they ‘regrouped’ and then finally broke
to new high-highs on the way to last Thursday’s LOD.
trend for the best double-top patterns, and then wait for the test of the buy-zone
for easy low-risk, high-reward trading opportunities.
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