ES and TF update

5/8/2010

This is a quick video from the last few days. We had a nice 60 minute sell signal after our upper target of 1216 was hit. Actually the high was 1216.50 only 2 ticks off our target. It is important to trade the patterns and learn how to get the levels ahead of time then trade accordingly to the bigger outlook so you do not get sucked in trading counter trend. Trading counter trend is the fastest way to lose money and confidence.

If yo do trade counter trend there are specific rules for that and only highly experienced traders should trade counter trend. The first step is learning what is counter trend so then you can make the decision if you want to take a counter trend trade or skip it. 95% of traders do not know they are trading counter trend and this is very dangerous.

Like we have said before if you are still stuck on the question if you should be long or short STOP trading. You should know the direction and the only question is "where do I enter" then from there you go on to the question "where do I exit".

We have broken our course down to give you those answers in real time.

Have a nice weekend,

www.eMiniSchool.com