So I woke up this morning really compelled to put together a blog post for you guys explaining what I mean when I talk about different “market environments” (like I do in this post here), and I knew that the overall movement in yesterday’s S&P 500 emini market would help to show you an example. I explain it very thoroughly and in great detail in our trading room and in our members area, but I felt that you should also have a good idea what I am talking about when I mention it here on the blog posts.
With the market pretty flat and sideways yesterday, we looked to stay away from many opportunities that came along. We did this because of the lack of strength, follow-through, and clear direction. I mentioned to our members in the trading room that I was “sitting on my hands” and not interested in a trade at that time. However, during and immediately after the lunch hour, sellers entered the market with a lot of strength and we had many short opportunities in a row! In this video, you can clearly see how different the morning session can be from the afternoon session. This doesn’t mean that you can’t trade part time, it just shows that opportunities can come at any time. Check out the video below, but definitely make sure that you scroll past the video after watching it because something very special is below!
Now, remember how I mentioned in that video that a short could work out nicely if buyers failed to take control through the 1820 level? Well, as I was starting to put this post together, a short set up right after buyers failed to get much follow through at the open. I quickly got into the trade and then hit record (because I’ve missed way too many trades by trying to get the recorder going before entering the trade), and was able to show you the management of the trade and my attempt at entering into another trade on the YM (Dow emini). It’s always a great thing when your expectations occur exactly as you planned. Now, this trade wasn’t a home run like I was originally looking for, but it was still a nice little 2 pointer to start the day.
Of course after this trade, we had many other setups that I didn’t capture on camera, but I am going to add some photos below to showcase other opportunities that the MAP software provided. If you’d like to learn more or get started with us, go ahead and click here and we will be in contact with you! Have a great day.