The S&P 500 e-mini had huge trending runs to the downside today with areas of consolidation in between, giving us some great short setups. Price really respected our areas and in a lot of cases our setups went on to hit many profit targets. In the Euro, we also had some very nice setups in the later part of the day. As in the ES market, we saw the Euro also continuing to make new lows of the day and giving us some nice setups.
We also had a great lesson today in our live trading room where we discussed what makes a good trading plan and the information you need to ensure your trading plan includes, and we also went through market replay entering trades with the price matrix and exiting those trades according to our trade management styles . For those of you looking to find out more information about the MAP trading program, we have a 7 day trial available!
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