Right after market open today the oil futures showed us that it deserved some attention. We had 4 consecutive setups; all winners for a gross profit potential of around $410 per contract.
At our last 2011 Trading Mastery Boot Camp, we spent 2 days driving home this lesson:
Focus on the right market, with the right setup, at the right time. Everything else is noise!
And when the market is respecting our areas and hitting our targets, then confidently execute setups. When it’s just chopping around or not giving clear signals, then sit on the sidelines.
Last week was a little slow because of MLK holiday, but I can already see the momentum starting to build in the markets today. And even though a lot of people are pessimistic about the markets, my latest forecast videos have only been anticipating more upside. And the S&P emini has continued to climb higher over the past 5 trading days.
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