March 30, 2011
- in Uncategorized by schooloftrade
Profit from the biggest moves of the US Trading Session
– How can we trade the biggest moves of the intra-day session (800-4pm EST)
o Use the correct timeframe = 34range chart (55range / 21range)
o Find your most OBVIOUS levels of support and resistance from the HIGHS and the LOWS to form
§ Channels
§ Wedges
§ Sideways ranges
o Wait for price to test the HIGHS and look for short entry on the faster timeframe chart
o Wait for prices to test the LOWS and look for LONG entry on the faster timeframe
o Fast Timeframe = specific calculation, review that with our members.
o 2 REASONS why this technique will fail:
§ I don’t have the correct price levels, the most OBVIOUS levels
§ I don’t manage the trade properly, I keep my stop too tight, I move my stop to entry too early without letting the trade develop.
– 34range = 90 days (89, 21 and 13 too)
– 4range = 5 days
– POT = 1 day
– TMC = 1 day
Anti-Virus: ESET NOD32 ($40/year)
Auto trader =
– $2,000usd / contract
– Holding overnight, you need more
– All of our auto settings can use NO OVERNIGHT RISK
