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Monday Morning Emini S&P Rundown. Also Some Insight on How to WIN with MACDS & Chart Sizes 10-4-21

Oct 04, 2021

I’ll just start by saying, yes—I was having microphone issues today—but we just rolled with it!
 
Today is starting off as a bit of a mixed bag. The price has pulled down to areas that were anticipated to bounce and even though our bigger charts were trying to change the direction to the downside, there are quite a few reasons to see this still move up. Being as it was almost 2 hours before the market opens, I won’t be surprised to see it shift back up soon.
 
Also, I went a little more in depth to how I use the MACDs in situations like this and how I determine if an area should break or hold by the behavior of them. We also touched on how to use different chart sizes to match your style of trading. If you want to use bigger tick charts, of course you’ll have to increase the size of your stop and target… and if you wanted to use smaller tick charts, naturally you would need to decrease the size of those two. Really staying in tune with the size of the tick charts you have chosen to use. I like to hang out in the middle of the charts and keep my risk at a decent size.
I definitely won’t be trading today because my responsible behavior has me on some projects I need to get finished before I head to Mexico next week! We do have the scholarship opportunity coming out a little later this week, so you can find out how to be considered for the position. AND we are having another RDT Tax Webinar next week! We’ll host that on the 12th and we’ll have some information on how to get signed up for that coming out in the next few days. We do only have 100 spots in the Zoom meeting and that was full to the brim last time—although, part of my steps this week is to learn how to broadcast that out to y’all so you can catch it even if you’re not in the class.
Alrighty folks! Time to wrap it up and with you the best of weeks! Much love my friends and you know that I look forward to catching you on the profitable side!!

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