Trade Aptitude

Today’s Best S&P Futures Turning Points: Buy 5185.25 stop 5181.75. Short 5249.50 stop 5253.50. 

Tuesday’s results: Neither trade triggered. 

The World Index: (+100/-100) drops from +29 to -7 with Asia Bearish and the western world mildly Bullish. 

Catalysts: Crude Inventories @ 10:30. Fed Speakers: Jefferson @ 11:00, Collins @ 11:45, Cook @ 13:30. 10-Year Note Auction @ 13:00. 

Quick Tip: Fractals

One common rule in many trading strategies is to honor the trend from a higher time frame. If you’re day-trading a 5-minute chart, consider the 30-minute trend. If you’re swing trading a 60-minute chart, consider the daily trend. 

There is more to be gained from this multiple time frame analysis. 

Markets are fractal, meaning the price patterns on the chart repeat themselves in different time intervals. With this knowledge, here’s some ideas for gaining edge: 

1. Entries & Exits: You might be able to find or predict a price pattern on a different time interval for scaling in or out of your trade. 

2. Risk Management: Price is either volatile or not, knowing the condition of different time intervals can help with stop placement and movement. 

3. Strategy Choice: Different strategies perform differently in various market conditions. Determine the market state of each time interval. Are they trending or not, volatile or not? 

As with all aspects of trading, practice is required until you can instantly assess conditions and decide your course of action. 

Tired of day trading alone and guessing what to do next? Join our team. You can learn the strategies and trade live with us daily for 30 days. Money back if you’re not blown away! Take advantage of the final days of this promotional price.   

Trade Fearlessly,

Mike Siewruk

P.S.  Feel free to pass this along to your trading buddies. Share in the wealth!