The Daily Market Forecast... Get Another Strategy

Wednesday’s Results: Neither suggested trade triggered.

Quick Tip: Get Another Strategy

For the past two days neither of the best volumes levels offered here triggered. Patience required for sure. The alternative is to trade more than one strategy. The key is to find a strategy that is complementary, not competitive with the others in your toolbox.

Two popular styles to combine are breakout/reversal and trend following. Price is always in one of the two conditions: range-bound or trending. With practice you’ll hone your skill in choosing which to employ.

Yesterday’s chart of our new trend following strategy enjoyed the move down while our reversal strategy was waiting for the 4063.65 level suggested that never arrived.

Tuesday’s Results: Today’s Best S&P Turning Points (same as yesterday):

Sell 4292.50 stop 4297.50. 

Buy 4063.75 stop 4058.00.

Trade Fearlessly,

Mike Siewruk

P.S. Did you know there are specific tools and formulas you can use to change your personal psychology about trading to improve your results? Learn how to change your unwanted behavior here.


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