Bearish flag and looking for a move down early monday, but news out Sunday night can change the outlook. Worries on Greece still overhang market, and this weeks watch list has great set ups for any market conditions.
I look behind the scenes to what members get at day trading radio and the introduction to the HPS 40 site and a great new trader video.
I real great break down of how i time my trades and take a lot of the risk out of the trade by waiting for the multiple time frames to line up. Stochastics on the 60 min and daily are 2 components to the HPS methodology I have tweet this system for years and It will be the most consistent timing tool you will ever find.
First part of video has a great review on how to use multiple time frames and the stochastic indicator to limit or better yet increase the odds of having a successful trade. then I go into other examples of the watch list and why they all worked out
technicals are setting up in a decent buy signal, news can always trump technicals but looking for a move higher tomorrow before Wednesdays FOMC meeting
Sorry if i mess ups the aspect ration in the video, just not going to do it over, but great info and turning cautious for the early part of the week. see the levels you need to watch and stocks that can move
How to trade the divergences
Markets have a rhythm if you can identify that rhythm you can trade it. See how to use the 10 for 1000 watch list to let the trade come to you. I must stress the importance of harnessing your emotions and taking the signals only when they line up.
Great opportunity in the markets coming up early next week, as futures got taking down on Friday, Looking at this as a great buying opportunity and look for a gap down in XLE to start my position among others
DayTraderRockStar interviews Mr. Topstep from www.mr.topstep.com on April 4th 2012.