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The aspect that makes the eMiniDayTrader
method so powerful is that we teach you to understand how the
market really works. The markets are dynamic
and that means you have to be adaptable.
Sometimes the market is trending. Sometimes it's choppy.
Sometimes it's just volatile. Most traders aren't able
to make sense of this. You can learn to be the
exception.
Reversal,
or "rejection" trades. The market actually spends
the majority of its time testing the upper and lower limits of
a horizontal range. We determine, in real time, where
likely reversal points are. Then, we utilize specific
techniques to determine whether the market will accept or
reject trade at that price. If a rejection is signaled,
we enter a reversal type trade.
Continuation, or "go with" trades. Otherwise know as
trend trades, these setups take advantage of a vertical market
with strong direction bias and get on board for the ride.
We also monitor the market in real time for acceptance at key
price points, which can signal a continuation trade rather
than a reversal trade.
Price Based,
or "support/resistance" trades.
By being able to read the structure of the market both before
the market opens and during trading hours, we're able to
pinpoint key price levels. Depending on the situation,
we either take a pre-determined trade or we monitor acceptance
or rejection at that key price level to determine the best
course of action. Additionally, these key price levels
work as excellent profit targets. It's amazing how often
the exact top or bottom of a move occurs at these levels and
it's a great way to maximize profitability.
Swing Trades.
Perhaps you aren't able to be in front of your trading screen
all day or perhaps you simply prefer holding your trades for
longer time periods and bigger winners. Or, you might be
the type of person who is working a job full time until you
become successful enough to trade full time. Whatever
the reason, the same principles used to identify the market's
likely path can be used on longer time frames. Here are
a few recent examples.
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