Day Trading Tools before the fact video analysis of Emini, oil, Euro Forex, highlighting key market levels of support and resistance for the likelihood of trend continuation or momentum shift reversal along with important current chart patterns to provide high probability trade set-ups which you can use for the coming week for intra-day trading, swing trading and longer term trading (we use options to take advantage of this longer term set-ups).
QM oil trading – we had a a range trade set-up channel break going dash to dash. For the rest of the week we are in a cross-recross situation for a dash to dash trade with 105/6 as key resistance.
Euro forex trading – also had a channel break set-up followed by a dash to dash trade. 41-42 area is key support with resistance at 45.
Dow – 128 is key resistance if we break it then we have a shot at 13000. If we reject 128 then it will retest 124.
ES emini trading – key number is 44-48, if we break below look for support at 36. If we hold the 44-48 area look for target of 58, then the previous high.
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“Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.”
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Trade/Training Room Disclosure:
“This presentation is for educational purposes only and the opinions expressed are those of the presenter only. All trades presented should be considered hypothetical and should not be expected to be replicated in a live trading account.”