The market opened near today’s low, chopped around, then made a steady climb to fill the 73+ gap. After a soft pullback on profit taking, the marketÂ continued to grind higher until the last half hour when traders took their profits.
The secret code traders were well rewardedÂ today by staying true to their belief in the magic numbers. TheyÂ are so consistently reliable that they offer the knowledgeable trader a significant advantage.
What’s your edge?
If you can’t define it, you don’t have one.
No system works 100% of the time, and it doesn’t need to for us to make money. A positive expectancy arises from having the discipline to take only theÂ best tradesÂ and take small risks.
Defined risk trades like today’s long entry gave a huge risk/reward bias to the long side. Learn the secrets of the pro’s so you can play right alongside them.