Full write up coming shortly… see video at bottom of post
As traders it is as important to learn when to stay out of the markets as it is when to get in them and make money. The chart above is from the early morning session and the chart below is after the market broke out of the range. We were sending live updates via The Day Trading Academy twitter page.
Notice how the market eventually hit our overall target areas (watch video to see how we use fib cluster areas of support to identify these areas). One will also notice the valid trade we pointed out in the video also worked out very well.
Click here to access all the market recaps
If you having trouble view the video on The Day Trading Academy Youtube Page