Thursday, September 13, 2018

KEY LEVELS FOR FRIDAYS TRADING 09-14-2018

SIMPLE APPROACH TO GAINING CONSISTENT RETURNS THAT ANYONE CAN FOLLOW. NO HYPE, NO BS, TRANSPARENCY DAY IN DAY OUT.  1 GOAL, TO MOVE TRADERS FROM BREAK EVEN/LOSERS TO CONSISTENT WINNERS.  It's NOT FANCY, JUST EFFECTIVE.

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BEFORE,  POSTED on THURSDAY EVENING 

VIDEO TRADE REVIEW

BEFORE

AFTER 

NOTES FOR FRIDAY:
MOST TRADERS ROLL OVER TO THE DECEMBER (Z) CONTRACT FRIDAY,
HOLDING ABOVE 2910.50 FOR 30 MIN+ AND I WOULD EXPECT THE MARKET TO TO GO TEST KEY LEVELS ABOVE,  IF YOU LOOK AT THE CHART THERE ARE A TON OF AREAS THAT NEED TO BE REPAIRED ABOVE AND THAT TENDS TO MAKE FOR SLOW GRIND EVEN IF WE GRIND UP,  I WOULD EXPECT THE MARKET TO ADVANCE ALL THE WAY TO THE HIGH JUST IN A CHOPPY MANNER,  I AM CAUTIOUS BETWEEN 2910 AND 2906, THE MOST TRADED ARE FROM THURSDAY AND THINGS COULD GET INTERESTING TO THE DOWN SIDE BELOW 2905.75 AND HOLDING.  IMPORTANT, THESE LEVELS ARE AREAS WE ARE LOOKING FOR INFLECTION POINTS, WE EXPECT RESPONSES AT THESE LEVELS, BUT THEY ARE NOT AUTOMATIC AND WE ARE WATCHING ORDER FLOW TO MAKE OUR TRADING DECISIONS.  TRADE SMART, AND ALWAYS IMPROVE AND ALWAYS MANAGE RISK, LOSING MONEY CONSISTENTLY SUCKS. BEST OF LUCK ALL

trading of securities, options and futures may not be suitable for everyone and involves the risk of losing part or all of your money. Commentaries are educational in nature and are designed to contribute to your general understanding of financial markets and technical analysis. Use it how you want and at your own risk. I am not a registered investment adviser. This information is a general publication that reflects my opinion and is not a specific recommendation to any one individual. You must consult your own broker or investment adviser for investment advice. Controlling risk through the use of protective stops is essential

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