5/13/2010
Today we had a great 2nd session outlook trade. This is one of our course set ups in our trading course. It gives you a high odds area where the market will go after lunchtime. Using this trade set up can slow the market down and instead of you trying to predict every move of the market you just wait for this trade and take the profits at the targets.
Most people say they would be happy with 2 ES points a day. I am not sure why anyone would have such a low profit gaol on the day but that is how everyone advertises to people to make it sound "easy" and doable. The truth is it still takes most trades all day long to get 2 points and way to many trade to get it.
Our approach slows the market down and the targets are bigger then most methods of trading. But we feel as though it is best to take what the market will give us while managing the risk with dynamic entries and stops.
This trade was +7.8 on the TF which is like +15.00 ES points!
Happy Trading,
www.eMiniSchool.com
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