Although great entries are only the second most important part of trading,
most traders could use a lot of help getting into high-probability trades.
Day trading help is all over the internet these days, most of it focusing on
entries, but even still, it’s difficult to find entries that give you a real
Here’s one that’s rock solid for two reasons.
1. It has a high-probability of going the way you want it to go.
2. It has protection for a tight hard stop, in case it fails too quickly to get out on soft stops.
The 2 minute ES chart above shows one of them at 1222.00 (the black
horizontal line). About 9:40 the market pokes up through the line and gets
rejected immediately. This is a sign that my resistance level is likely to
turn the market down the next time prices get back up there.
So I have a high-probability trade to stalk, I wait for a pullback so I can get short near resistance.
About 10:10 there’s a pullback that comes within 2 ticks of resistance. I’m almost ready to pull the trigger, but it would be nice to have one other piece of evidence that the market’s not going to plow higher. In a few more bars, there it is (in the circled area). A stall below resistance! The market goes essentially sideways for about 5 bars.
Now I’m convinced the momentum is gone, and the odds of success are well in my favor, so I take a short position as close to my RBI resistance level as possible, and place a hard stop above that is protected by resistance. I have my “radical soft stop strategy” ready to get me out of the trade if things don’t go my way immediately.
In this case, the market dropped quickly away, giving me exactly what I was after, a base hit. I don’t swing for home runs and neither should you.
If you’re looking for day trading help, I’ll show you how to read the crowd’s emotion exactly the way I do. If you were day trading day trading support and resistance the way I do, you would have shorted near the top of the rejection candle that crosses the resistance line at about 9:40, taken profits and then shorted the move at the circle, like I was just talking about.
I write a market newsletter each day, giving my "game plan" for the next trading day. I'm as specific as possible including Support and Resistance levels that I will be buying and selling against, which provides *you* with great trade set ups nearly everyday.
You want day trading help? I will teach you to:
Better yet, subscribe to my RBI Updates in "Real Time" … and see how my support and resistance levels and market analysis will help your trading - no matter what method you’re using.
There’s never been a better opportunity to turn the corner and become a consistent trader.
The financial markets are risky. Investing is risky. Past performance does not guarantee future performance. The foregoing has been prepared solely for informational purposes and is not a solicitation, or an offer to buy or sell any security. Opinions are based on historical research and data believed reliable, but there is no guarantee that future results will be profitable.
We are not advocating trading futures. The prices and contracts in the TradeStalker's RBI Updates specify a manner in which you could trade. We occasionally mention the SP500 and Nasdaq futures markets because it is extremely liquid and tends to lead the other markets. This is not an endorsement or recommendation of the SP500 and Nasdaq futures markets. The risk of loss in futures is substantial. You can lose more than your original investment. We are not Registered Investment Advisors or Commodity Trading Advisors.
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