Ya baby, it’s Friday, and it’s payday at our house. For years I have used Fridays as a day to close out a few winners and losers, so I don’t have to worry and sleep so much over the weekend. And with the trade talks (turmoil) and the SPY so close to resistance this is the perfect Friday payday. With that said the bulls held us above the T-Line yesterday proving (for now) the buyers outnumber the sellers. The VIX did start to show a little fear yesterday but did not close over the current downtrend. The 4wk new High/Low Ratio chart is way overbought and cracked just a little yesterday. Did you know that being a trader you control how you manage your portfolio, risk, reward, paydays? So enjoy your weekend by taking control.
Remain CAUTIOUS with a few puts locked and loaded, continue to follow the “Road To Wealth” trading plan. 1. Use the Live Trading Alerts Scanner to find trades, 2. Follow the base hit rules, 3. Only enter a position if the conditions are right for entry risk and profit rewards.
Two new auto scans have been added to the LTA-Live Trading Alerts Scanner; the Bull -Fig Newton pattern and the Bear- Oreo Pattern. With over 100 built-in scans my favorite bullish scans are the Pop Out of The Box, The RBB, The 3x8 Trap, The Fig Newton. If you need set with the scanner set up or adding scans just let us know. Each day (Market hours) we provide Free Scanner coaching in our trading room #4. Warning the LTA- Live Trading Alert software is a game changer, alerts for candlesticks, candlesticks patterns, western patterns, price action, tends, bullish and bearish.
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