April 30, 2010
- in Uncategorized by schooloftrade
From the desk of JJ….Friday 04-30-2010
Hey guys, JJ here…
We wrapped up a challenging month of April today, and HELLO to May!
For many of us, May brings much better weather, as well as better trading environments.
As ive said before, the first quarter is always very rocky. Earning season and the end of Q1 puts a lot of BIG MONEY on the sidelines, and if you’re not prepared for it, this sluggishness in price action around this time of the year can EASILY sneak up on you and wipe out any gains from March.
On the topic of day trading futures, we have a LOT to look forward to! We introduced our new DX Pattern this week, and in the first 5-8 trades we have never seen anything with this much potential before, so im very excited to share more with you next week!
Remember, we learned a lot this week about the DX Pattern:
– dollar must confirm FIRST
– dont under-estimate the power of those trend lines!
– be sure to move your target to the correct location as soon as you enter your trade!
– dont forget to make sure your stop is just above/below that previous S/R level
– and stay away from those big round numbers! yikes!! 🙂
For all our advanced members, we will do a SPECIAL TRAINING on Wednesday next week @ 1130am EST so we can make sure everyone understand how to use it!
For more info on membership, click here:
Good work this month! keep to those rules, and see you in May!
