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Globex Cycles & the Trades You Should Take Advantage Of
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Globex Cycles & the Trades You Should Take Advantage Of
I will be posting typical Globex trades that you can pick up 60 to 100 points per trade, as they market attempts to complete a "cycle". Our European friends and those that can't get 8 hours of sleep in North America - this is your way to grab up to 100 mini-Dow points before the market even opens!
Examples are below. Questions? fire away!
DayTrader
Examples are below. Questions? fire away!
DayTrader
Shorting Globex Cycles
Calculate the High and Low of the cycle and which part of the cycle is completed first. The next move should complete the cycle (or at least attempt to!). In this example, the cycle low was created and the cycle high was created and was in the process of being retraced - therefore the cycle is in the "OB" condition and probabilities are the market will attempt to close the gap in the cycle, and go lower! yeah!!
DayTrader
The chart(s) are in chronological order, look to the right as the market completes the cycle.
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Reversal right at the market open - closed position right at the open @ 9:31 ET. Net Profit about 50 points.
[url=
DayTrader
The chart(s) are in chronological order, look to the right as the market completes the cycle.
[img][/img][url=]
Reversal right at the market open - closed position right at the open @ 9:31 ET. Net Profit about 50 points.
[url=
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