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Market Commentary
We opened our live trade room this morning @ 730am and we followed the same
routine as we always do…
We opened the day with a losing trade on the DAX (FDAX), which costs us 12.00
points on the DAX. This trade was a counter-trend trade set-up that we call the 2-
step pattern. We made the right trade decision, but we just barely got bounced out
of the market due to an extra-tight stop that was used of 4 points due to the low
volume price action in the markets this morning.
Losses happen, and we had to then focus again, and look to take the next qualified
trade opportunity…
Our next trade opportunity came on the EURO (6E), and this time we didn’t miss a
tick! We enter this trend-continuation trade just after price broke into a pre-
determined trade ‘zone’ that we defined at 730am EST this morning, and this
winning trade made us ALL the money back and put us in the GREEN for the day!
Did you know that our LIVE TRADE ROOM opens at 730am EST every day? Come watch us trade 6 different
markets LIVE in REAL TIME!
Want more info?
http://www.SchoolOfTrade.com