Could be an Interesting week or two for /YM
The traders in our Price Action Mastery Course are learning first hand the power of the markets and in particular how technical analysis can benefit them.
During the first week of April we identified a level for a long swing trade entry. Since then we've been tracking and managing the trade. Now, as price is approaching our bull profit targets it will be interesting to see how price reacts to what could be potential resistance.
Yes, that's about a 4000+ point hold to the long side. This is what is taught in the course for both swing and shorter term trades. It is not uncommon for us to be long in our swing account but short in our intraday account to capitalize on the levels of interest we've identified for the respective time frames.
We're aware that price may never reach our levels or conversely price could charge right through them.... that's what makes the world go round.
But with proper risk and trade management techniques that are taught in the course traders continuously have the opportunity to capitalize on trades like these across the indices, Forex, commodities, equities, options, etc markets.
If you'd like to learn how you can benefit from these setups and learn how to trade like this we encourage you to watch our free course overview.
An oh, by the way, if you'd like to download this free Think or Swim chart link you can do so here.
UPDATE June 4, 2020
Well that certainly met the definition of an interesting week or two!!
The traders in our Price Action Mastery course took their longs off as price reached our final profit target zone... That's not to say that price can't keep marching upwards but we're sticking to our plan and enjoying the fruits of our labor.