Thanks to all who dropped me a line with some words on how the trading is going. I have responded to many and there are a few more to take care of. Hey, I asked for it, right? This is a long video and I hope that you pick up some useful information from it. I cover 4 trades I set up last night in the Asian session. After checking out the headlines last night, I was looking for some risk off type of moves. I wanted quick wins because in this environment, sentiment for the day can change very quickly.
The areas I was looking at taking entries and profits were taken to take advantage of the plays by the big money. They want your stops and have no problem driving price into them when they are close. Getting on that train si where I wanted to be. Note in the video that when price broke, it broke pretty hard. It is all about taking a bigger picture view and attempting to capitalize on the moves of the movers of this market. Great thing is that the probabilities of hitting in the money are very very high which allows a more liberal risk percentage than the average trade. Where most take 1-2% risk per trade, these types, for me, afford a 4-8% risk and at times, 12%.
This type of trading is not for most. Most would do better grabbing a strategy such as the SST and dedicating themselves to mastering that. The SST is something you have seen in many of my videos. If you don’t make the end of the video, make sure you sign up for the upcoming webinar that features the “entry level” SST. Check out their blog where you will see videos and many recaps of the trading days. While you are there, click the link for the webinar. Costs you nothing.
http://www.atradingplan.com/sstblog
