Good day, folks. So today we had a shortened holiday session. So equity markets were closed. And we had limited hours in the futures markets. And I was able to take advantage of a few markets with the slower action that we saw in today’s trading. Now, one layout that I’m looking at is one of my favorite chart layouts. This is a multi timeframe analysis, I’ve got an hourly on the left 10 minute up here in the top right, two minutes on the bottom right. So what I did this morning is I shared some key levels that we’d be wanting to watch as we head into today’s session. And one of those areas was right here in the 9140, area 9135 to 9140 9136, to be exact, here in April crude. Now, if you look at this chart, you may say, Well, this was a failed trade setup. Well, in actuality, it’s all about how you trade or how you manage the trade. So when people ask, what is the win rate? Well, it all depends on how you took that trade, how you manage it, and where you excellent. Now, if you held on to this trade, from 91, being short, at 9136, you’d likely be losing some money and you’d be losing some big money here trading at 90 closing here at 90 to 85. For me, I was able to take a profit. This is an area where I said we would have some reaction, or likely look to be sellers of the market here at 9136. I took a short here at 9136. With the market moved 50 cents in my favor. That’s now that’s $500 per contract a favorable movement. Did you exit at the low of that move? Probably not. I didn’t. Where did you? Where did you trail your stop? Where did you end up taking profits? And or where did you exit at a loss if you took it. So those are the the those are all the kinds of variables that we deal with day to day as a trader. So when loss percentages don’t make a hill of beans, it’s about how you manage the trade from inception to end. So I was able to make about 10 cents on this trade, it did not capture that full movement there. But as I got the tray as the trade went in my favor, moved us stop down and was comfortable getting stopped out there with a small gain before then we can see we ultimately rip to the upside. I also shared idea here on the E Mini s&p, these were predetermined levels here that I had at the 4318 area. Notice that when we opened up yesterday in the Globex session at 5pm, Central, we came right down and tagged this area to take this is with all of the news we had going on is Russia going to invade Ukraine, everything else is going on the market came down respected this level at 4318. And rip to the upside all the way up to 4375. Then up to this level at 4390. That happened in the European session. And we did come back down to this level. Again, I warned that this was a an array that has already been tagged, already been used, already been mitigated. So you have to take these next attempts with caution. But it was certainly good. For some nice scalp trades. You can see we move down here into this area back again, it’s six 7am Central. Once we got our confirmed buy signals down here 4312 to 4314. We came all the way up to 4328. There are some serious points, chunks of that move that can be had without letting the market turn around you and take you out for a loss. Now these types of levels these types of moves happen every single day in every market stocks, futures, commodities, currencies Kryptos. Regardless of what you trade can be applied on any timeframe fact everything I teach can be applied in any market any timeframe. That’s what I think makes my strategies unique and successful. I’m going to be talking about this on Wednesday, February 23 at 2pm. Eastern, I’m going to hyperlink you to this page. All you got to do is click the orange button to register and I can’t wait to see you there
Technical damage done
A lot of technical damage done today across the board….however these types of moves can set up some absolutely beautiful trade ideas for the rest