Don’t have enough time to do a full write up and video for the recap today but I wanted to share the chart. This is the primary thing that we try to do at the Day Trading Academy is to identify market movements and capitalize when the market is moving well.
There were two fundamental movements to identify today that indicated the trend to the downside was going to occur.
By being able to identify it we just ride the wave so to speak. Notice the last trade of the day is the only loser. Any other trade could have easily been a loser but I decided to let it work in order to keep taking the trade until the trend failed.
Its 2.40am here in India and I will be hopping on a flight back to civilization (NYC) at roughly 7am. Should be fun. Once in New York we will highlight a bit more about identifying these kinds of markets.
Stay profitable my friends
(Click on chart to make larger)