World News

Newbies, don't make this way too difficult...we don't really care about what is going on in the world. The price action after the first hour will set the stage. Keep this simple, go with the flow, trade with the trend, look for the Magic Numbers.

True, sometimes the market will move too far too fast too soon, and you may not be able to catch the train; but this is where you have to really focus, and when in doubt stay out.

When doing your homework, you are going to be checking for reports that are posted on Econoday, or whatever briefing service you may be using, and check out the night-session for support and resistance points before the open...the main thing is to be patient, and use discipline when you see an obvious set-up.

Anticipate the 30-Minute Breakout...use the tools and methods to keep you safe, and never risk more than 2 points...if you see that you would have to risk more than two points, stay on the sidelines. Remember we don't really want to risk anything...so if it does not go your way in 5-minutes look for a profitable exit or breakeven, or a smaller loss.

We have 15 price patterns to draw from...find a strategy to fit your personality; learn all of it's idiosyncrasies, and those subtle little nuance's that are big clues...90% of time you will need mom to make a safe trade.

Prosper,

-Marsh

Thought for the day...

You must take responsibility for everything in your life. Make yourself go beyond where you think you can go...there is no compromise in the rules, we must not give in to our weaknesses. It's knowledge from past experience, that gives you confidence to make the right decisions.