All right, folks. So I get this question every time we start to see an uptick in volatility. Right now we’ve got s&p up over 100 points, we’ve got crude oil down $14 are down 11%, you’ve got gold down $46. And you’ve got bonds down a full handle at 156. So the question that I get every single time we see an uptick in volatility is sales. How can we take advantage of this volatility these opportunities without getting our face pill? Well, the answer is very simple one, if you’re going to trade on the higher timeframes, you’re going to have to accept larger risk. Now, if you can’t stomach the risk, and you absolutely have to trade, I would suggest going down to the lower timeframe. Lower timeframe should Intel you if managed properly. lower risk also means low reward but lower risk. So one go to chart that I like to look at is the 233 Tick chart. Now this is in real time here. As I’m recording, we’ve got about four or five minutes until the closing bell, and I want to show you this indicator that I have, which is the three ES code, all it’s doing is plot a simple, small 123 tops 123 bottoms, all day long on whatever market I choose. Look at these setups here from 40 to 76, up to 40 to 80. Here we have another long from 85 up to eight, we can keep coming back here. Now they’re long from 90 of the 92. Here’s a short from 94 down to 90. Here’s another short from 90 down to 87. And as you can see, I’m still in the last 30 minutes of the day from 230 to three these happen on every single market, you can flip to say the euro currency. Look at the setups in the euro currency. These are non repainting signals. Here’s a nice easy short, nice, easy short, we come back another short. Here we are another short. Crude oil, for example has been absolutely all over the place just some incredible moves here in crude that we’re seeing. And you can see that what the three s code is doing right now we’re plotting a we’re looking to plot a 123 top that here’s the last signal that we had 1230 long at 185 comes up to fourth target at 110 30. It’s over $1,000. How about a short here from 112 down to 110 60 $1,400 Move. Here we are another long at 109 99 was call at 110 all the way up to 112 before we got a reversal, and these happen over and over again. And you don’t have to trade the 233 Tick chart you can trade 16 Tick chart you can trade a two minute chart, a 510 15 minute whatever you wish. But this is a way that you can capture some more moves if you have the desire to do so that capturing the larger risk that you’ll likely incur by trading the larger timeframes. Now I’m going to be doing a free presentation on Friday, March 11 at 12pm Eastern where I’m going to cover this exact setup exact strategy. So you have all the rules to go out in employ these yourselves. I’m gonna link you to this page here. All you got to do is click the orange button to register and I look forward to seeing 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