Emini Trading and the Market is due for a correction!
Hi everyone! I was extremely ill over the past week. As a result I had to cancel our ProTrader Webinar this week! I am starting to feel some better and I will try to reschedule the Webinar for next week. I will email everyone out just as soon as I can. I am trying to keep the blog updated but it’s been very difficult over the past couple weeks with the ProTrader release as well as catching the flu! Fortunately I am on the mend and will continue blogging again!
I did capture a live trade on ProTrader about a week or so ago. I added some voice over today so you can learn a little more about ProTrader – and see a live trade (recorded). My voice is still a bit scratchy – but that’s not really the point! I want everyone to see the power of our etsProTrader Automated Strategy.
I obviously have not been emini trading this week. The markets have been very low volume and we are reaching a pretty high level – about 1340 at the time of this writing! TO me, seeing a level we have not seen in quite some time, and add the fact that this is based on low volume, this trader believes we are ready for a correction! Here’s my philosophy: When the market looks great, and everything looks great (or we’re told it all looks great) WATCH OUT!
I was very surprised to see the rally go as far as it did. On several occasions I have mentioned that we are going to correct. So far, I’ve been wrong. To a day trader it really does not matter, to a degree. I mean, we make money in up and down markets, low volume, and low volatility based markets – like we have right now! On the other hand, seeing a correction will trigger a lot of stop losses, add more short traders to the mix, and the volume and volatility will increase sharply – this is ALWAYS good for a day trader! That brings more trading opportunities and that is exactly what I like to see!
So am I right in saying for the 3rd or 4th time that we are ready for a correction? Don’t know, but we will soon!! All the signs are there at least. In any event we will continue to day trade everyday for our daily income! ProTrader will make its trades when it finds them and work on “longer term growth”
Enough for today! Enjoy the video and feel free to email or call with any questions
Regards
David Marsh
ETS
etsProTrader Automated Strategy – Live Trade Recording!
