Today’s Best S&P Futures Turning Points: This strategy remains on hold but is improving during the Globex session, not the day session.
The World Index: (+100/-100) remains at +7 again with sentiment mixed on falling volatility.
Catalysts: Crude Oil Inventories @ 10:30. FOMC Minutes @14:00. Waiting on Powell’s Friday speech.
Quick Tip: Outside the Box
Trading with price charts and technical indicators is hugely popular. Being a visual learner, I find them useful too. Patterns and colored indicators “speak” to me quickly. With practice, you don’t need a calculator or much thought to analyze opportunities.
Eighteen months ago, I learned a different approach. It made me realize I was confining my trade plan and limiting myself to being just another retail trader using an all-too-common approach.
As usual, I started a deep dive into researching this new approach. For me that included finding significant evidence the approach had an edge. And before I added it to my trade plan I back tested using historical data.
What I found was a different way of finding high probability trades that over the past year has held up and significantly improved my swing trading results. I’m grateful I had an open mind to explore!
If you’re struggling with your swing trading of stocks and options or just curious about an incredible edge you can add to your trade plan, I’ll share this research and my results with you.
You can access a recent recorded training session here. Or if you’d prefer to join me in a live training session so you can ask questions, you can reserve your seat here for Thursday August 22 @ 1:30 PM ET.
No disappointments!
Trade Fearlessly,
Mike Siewruk
P.S. Feel free to pass this along to your trading buddies. Share in the wealth!
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