As you can see we got the (along with divergence) and the market decided to roll over. Well the question is, for a trader like myself who is fast asleep during the London open, how do I get involved? You know what you need in order to take the trade however you don’t want to wake up every hour stalking it….so what do you do?
Well this is when the 2618 trading technique comes in handy. No it won’t replace the entry that you wanted, however it does provide another opportunity to get involved.
Now I’m not looking to get involved in this trade today because it’s Non-Farm Friday and I won’t be actively training. But hopefully this answered a few questions about how and when to use the 2618 strategy. Here’s the link to the free training if you haven’t seen it. http://tradeempowered.com/learn-to-trade/
Lastly make sure you join me today for my Live Q&A session starting at 8am New York . https://www.youtube.com/watch?v=9jOp3JgkOl0 As mentioned above, I have no intentions of trading today so I figured we’d hangout and let you guys get to know a little bit about THE MAN, THE MYTH, THE LEGEND!....Oh and myself to hahaha. See you there.
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My question is can you still use data from last Friday to build patterns or use in structure trading? I mean, you think the market might be acting erratic, but do you use data from that day. Otherwise one should be careful even after a "non trading day" due to news events, right?