+10.2 Russell 2000

4/29/2010

Today is a very good example of why you should not only trade the ES. I know everyone is told to trade the ES and I am not sure why because most of the time the ES is actually harder to trade that the TF and NQ's. Also the Range is usually better in the TF and NQ as well so there is more profit opportunity with more points.

The ES was flat most of the day while the TF had a very nice move that was good for +10.2 on the 10 minute chart.

In todays video we go over the 3 minute chart and the 10 minute chart. Notice how the blue bars came in at the high to tell us not only to exit if you caught the long but to not re-enter long. This is important because if you just turned your computer on and the market was at the blue bar high you would know what NOT TO DO which would be go long.

Like I say in the video when I first made this system it was to tell me what NOT TO DO first meaning; bars are green DONT go long. Then it is easier to learn and understand what TO DO and then learn how to capitalize on that over and over again.

Also from last night's email our outlook for today was up so when we get a buy signal that is the same direction as our outlook that even makes it better. That is when you trade more contracts and really try to hold to the target. One good trade like this is usually multiple days worth of daily profit goals. If you are going to take the risk make it worth it!

Happy Trading,

www.eMiniSchool.com