Sept 25th Recap: 7 Pts From Barcelona, Spain

I don’t always day trade on Tuesdays but when I do, I day trade from Barcelona, Spain

I have finally arrived in the one city that I have been dying to visit since as long as I can remember. I have left the beach trenches of Rio de Janeiro and arrived in a nice apartment in the northern part of the fantastic Spanish city of Barcelona. A lot has happened since I have been missing in action, QE3 was officially announced and I definitely gained a few pounds when in Belgium, but I have still been day trading.

I just didn’t have the time to upload the videos and recaps to the site.

I do plan on sharing the updates and the upgrades that are happening to both the training program and the strategy but for now I’ll leave you with my results for today’s trading.

I would have to say that today was a very unusual day when it comes down to normal day trading behavior. Ahe reason why is because we had a market that was trying to move in a certain direction with an area that was holding it back.  When we are able to read momentum we know how to trade into those areas as well as maximize profit in certain situations.

This is why I am such a big proponent of not paying attention so much to indicators and instead focusing on the market dynamic and understanding how it works.  It’s really hard to be able to adjust to the market when you are looking for a check list of rules and risk versus reward requirements for trades.

It doesn’t matter if we make one point, two points, or even five points on a trade.  What we find more important are high probability movements because if you are able to risk your money on a move that works 90% of the time and make a profit the bottom line is that you’re going to be positive for the day and not negative.

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