Market Finds Support At Weekly Trading Zone
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S&P 500 Double Bottom Support | CFRN Weekly Trading Zone
Range and volatility this week have been a trader's paradise. Not only did the brisk action to the downside create a beautiful 10 point victory for our Tweet, price then reversed off the WTZ (to the tick) and made a beeline for the Weekly Zone overhead. Partners who were on their toes not only grabbed 10 points on the way down via the Tweet, but within 3 hours they were handed a 12 point opportunity to the upside as price raced north from "Zone to Zone".
S&P 500 Emini Futures Tweet - 10 Points Stem to Stern
Unorthodox Crude Trade
We had a Payday at Midnight! Trading the new Crude Contract GCLK3 we used an unorthodox entry which I may teach Thursday night at the Partners Meeting. We are often asked if our trading method involves scaling in or out of positions. The answer is no.
A Payday At Midnight | Trading Crude
Even though we don't scale in or out in the Live Trading Room, certainly our Platform and our Methodology will accommodate such a practice if you so desire. In this video I show you the mechanics of scaling into a trade. If this is of interest to you, this is at least a starting point. We have no plans to change what we do in the Live Trading Room because you don't mess with success!
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