Dec 1st, 2010
This is a follow up video from the last video posted on this blog.
The ES and NQ still have a few more resistances levels to get through before the TF can hit our 750.00 target. The targets from the last video are from the 60 minute chart so it can take days if not weeks for the pattern to complete. In getting the bigger targets we know which direction has the highest odds intra day so we do not try to pick a top too soon or trade counter trend.
Patterns are the only predictive tool in the markets in our opinion. It is not only knowing one or two patterns it is knowing how the smaller patterns react inside the bigger pattern. This is what we focus on in our course every day.
Do not let a small time frame sucker you in to thinking the trend is changing. Small time frames are too small to turn the bigger time frames. It is always best to trade the pattern direction until it is really broken.
Happy Trading,
www.eMiniSchool.com
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