I couldn’t trade live today so this Market Movie is a replay of Monday’s potential trades.
Here’s the promo for my next webinar:
See Mentor Mike’s all-new webinar, TRADING IN THE SPRING & FALL, this Thursday, 10/24/13, at 3:30pm Pacific time
In his book, Trading for a Living, Dr. Alexander Elder talks about “indicator seasons.” We should go long in spring, take profit in summer, go short in the fall, and take profit in winter. Mike’s students have heard him say that an up move begins as soon as the price stops moving down, and a down move begins as soon as the price stops moving up. And, most of us know the classic admonition to never try to pick tops and bottoms. So how can we truly recognize highest highs and lowest lows to get the best possible early trade entries without getting faked out? In his next webinar, Mike will discuss:
- Using the bullish and bearish “momentum modules” of the Parabolic SAR
- Spotting breakaways from the upper and lower lines of the Donchian Channel
- Applying overbought and oversold zones to your chart’s price panel
This free mentoring session is the natural extension of, and follow up to, Mike’s previous webinar on POV TRADING – Price, Oscillator & Volume. Since utilizing his new POV technique, Mike’s trading has never been better, a bold statement from a 33-year trading veteran. In TRADING IN THE SPRING & FALL Mike will take it to the next level. Don’t miss it. Use the link below to register now!
https://www3.gotomeeting.com/register/417087966
If you have not already done so, please respond to my “No-obligation survey.” If I am able to reopen my Live Trading Room, would you be interested in participating? Please email your response to mentormike@sbcglobal.net. You need only respond once to be on my “keep me posted” mailing list.
Market Movie video play button
Today’s Chart
Here is a screen capture of today’s chart showing the replay trades I took using my POV technique. Notice the Volume Oscillator in Panel Three. Please click on the chart below to make it larger. 
