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

TRADING COURSES & PROGRAMS
ABOUT RDT
ABOUT RDT MEET THE RDT TEAM ABOUT NINJATRADER TESTIMONIALS
COURSES
COURSES AND PROGRAMS (ENGLISH) CURSOS Y PROGRAMAS EN ESPANOL CLASS SCHEDULE THE VAULT
NEWS
MARKET NEWS BLOG
LEARNING CENTER CONTACT
GET FUNDED
Join Our Discord Channel

UsMACDs to Understand This Week’s Market Potential Using the Responsible Day Trading Method

Oct 30, 2023

Hello and happy Halloween Eve my friends!  Last week I was not able to be here, so I’m grateful to Cesar for taking over the review for me.  But I’m home, rested and ready to go now, so let’s talk the market expectations.

So, looking at what has happened of the last, the market has been making a mad dash to the downside, which we expected.  It has broken through that 4200 area and kept the momentum going.  And we do expect it to try to push down further but we can see the reasons for the pullback to the upside when looking through our trading charts.

This is why we don’t use the Daily chart to anticipate trades for the day BUT we do use it to gauge the overall moment.  The immediate momentum, according to the 10946, 1597 and 233 was telling us to expect to see moves to the upside today-- -and from the looks of it, that’s exactly what it has done!

Those RDT MACDs are a beautiful thing and they really help us to gauge AND anticipate momentum.  They really are the most important tool in my toolbox.  I love how they help us to make responsible decisions when trading!

Okay guys, that’s going to wrap it up for this week.  Once again, congrats to our 4 scholarship winners!  I cannot WAIT to see the amazing progress they will make.  It really is a joy to see that light turn on for traders who are carving out their path in this industry and being a part of their journey absolutely makes my day!

If anyone has any questions about what we do here, please feel free to reach out and we’ll be happy to talk to you about it.  Have a fabulous week everyone!

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.