WOULD YOU PREFER TO SPEAK WITH US ON THE PHONE OR A VIDEO CALL? CLICK HERE.

LIVE CLASS SCHEDULE
ABOUT RDT
ABOUT RDT MEET THE RDT TEAM ABOUT NINJATRADER TESTIMONIALS
COURSES
COURSES AND PROGRAMS (ENGLISH) CURSOS Y PROGRAMAS EN ESPANOL CLASS SCHEDULE FREE TRADING COURSE: RDT CORE CURSO GRATUITO - El NÚCLEO DE RDT NINJATRADER COURSE THE VAULT
NEWS
MARKET NEWS BLOG
UPROFIT TRADER CONTACT
GET FUNDED
Join Our Discord Channel

Knowing What to Anticipate in the Emini S&P after a Huge Move UP by Reading the RDT MACDs

Nov 06, 2023

Hey there traders!  Hope everyone is amazing!  As we’re getting closer to the end of the year, we may notice some changes in the market.  Things tend to slow down as the end of the year nears because traders will be taking time off to spend with their families… So the more it drops off, the slower the market will move—and the harder it will become to stay patient.  This may be a great time to work on patience or even to work with some market replays in order to bang out some issues you might be having in your strategy.

Okay, on to the market.  Well, this thing has definitely made a strong move to the upside.  Currently the Daily RDT MACD is outside of the Bollinger bands and moving with strength to the upside.  Because this is the first real BB to cross the band and show the strength up, I typically like to wait for the second BB to plot to get the feel for if the movement has longevity or not.

Of course, unless you have a very large account we don’t find ourselves trading the Daily chart (because trading bigger charts means having MUCH bigger risk on the trade), so we’re not using the Daily or the 28657 to actually trade—but more to guide for us.  Its something to help us understand what we can anticipate for the bigger picture and to interpret our Divergences and Price Movement much clearly.

Well my friends!  I’m excited for another week.  We are hosting 2 more meets and greets with traders across Houston.  The first one will be Thursday November 16th in Houston (this will include 2 drink tickets and appetizers) and the other will be Sat December 2nd in Sugar Land (this is an early morning coffee meet and greet), so we hope you can make it.  Let us know if you want details or you can find them easily on our FB page. We would love to see your faces and talk shop a bit, so come on and bring a friend.

Stay connected with news and updates!

Join our mailing list to receive the latest news and updates from our team.
Don't worry, your information will not be shared.

We hate SPAM. We will never sell your information, for any reason.

Categories

All Categories day trading habits trading recaps

All content published and distributed by Responsible Day Trading and its affiliates (collectively, the “Company”) is to be treated as general information only. None of the information provided by the Company or contained here is intended (a) as investment advice, (b) as an offer or solicitation of an offer to buy or sell or (c) as a recommendation, endorsement or sponsorship of any security, company or fund. Testimonials appearing may not be representative of other clients or customers and is not a guarantee of future performance or success.

Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. This is neither a solicitation nor an offer to buy or sell futures, options or forex. Past performance is not necessarily indicative of future results.

CFTC Rules 4.41 - Hypothetical or Simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, because the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.