The Tail Of A Trader
A Recap of Today's Price Action & Setups:
Battle Plan (1️⃣) (2️⃣)
Battle Plan (1️⃣) (2️⃣) activated last night for 193 point move!
I only drafted out 2 Battle Plan trade ideas. These both paid. How fun is that!
Each week we usually get 1 Battle Plan trade idea that goes 100 points. This week, it was more than one! Just a monster week for the Battle Plan.
Once again, we were looking for the right trades in the right trade locations. That is the entire purpose of the Battle Plan!
This chart is about as pretty as it gets! See the chart below!
RTH AM offered little of nothing with monster go-nowhere candles.
The trade was... to be LONG last night per the Battle Plan and HOLD.
100-POINTER: Congrats Andrew!
🔥 I want to give a massive shout out to one member for his first 100-Pointer!
Congrats!
By noon or so, Andrew was up $800 on his final MES Micro. He posted in the room, "3 contract system!! Managing your trade could be the most important part of trading…"
Andrew asked about trade management. I suggested keeping his trailing stop just beneath Strong Levels as we recaptured them...staying protected while giving the trade room to breathe
At 12:49 PM he remarked, "I want 200!".
Now we're talking.
I suggested he place his Take Profit at a 200-pointer and WAIT.
Fortune favors the patient: that 200-point target sat just before an RTH high. Everything was lining up in his favor.
✏️ All you can do in this scenario is keep playing perfect chess.
That's what we call it: Perfect chess. Stay behind structure and/or Strong Levels that will help bounce price in your favor. No emotion. Just perfect chess like you were playing against Magnus Carlsen.
Could a 200-Pointer really happen???
100 points.
The runner keeps climbing.
then.... 150 points.
Holy smokes. A 200-pointer was now in sight.
12 points away.
7 points away.
3 points away.
Then.. BOOM!
Skyrocketing MOC orders exploded ES into his 200-point TAKE PROFIT ORDER!
🎯 FILLED.
Andrew CAPTURED 200 points by waiting patiently for Battle Plan Setup (2️⃣), entering with precision and a plan, deploying our 3-Contract System, holding a paid-for lotto runner, managing perfectly... and holding, and holding, seeking help when he needed it...
... and holding with a PERFECT TAKE PROFIT!
Congrats Andrew.
Together We Trade Better!
Andrew's "Tip Of The Day"
I asked Andrew for a "Tip Of The Day".
"I think for me it has been patience, like you preach daily. Waiting for the setups you plan out vs trading the emotions.
I did that yesterday. You told me to wait and I did. I waited longer and it paid me off.
When I looked at your battle plan, I honestly thought Price would never get low… then all of a sudden it starts to. I’m patiently waited for your battle plan to set up and boom.!!"
TIP OF THE DAY
Never short short-covering!
TRADE OF THE DAY
BATTLE PLAN:
🔥 Battle Plan (1️⃣) 150+ points.
🔥 Battle Plan (2️⃣) 150+ points.
For the ScoreBoard, I will only count one.
ZOOM:
Absolute garbage PA during RTH.
For those holding runners from Battle Plan (1️⃣) (2️⃣) , congrats! Hold!
CORE STRATEGY: (For Full Members)
15-Point Candle Rule.
No Trade Day... Multiple 15-Point candles!
In "15-point candle land", I will NOT add points to the Scoreboard.
I STILL recommend you do your EOD chart - look at the levels played out! Impressive to say the least.
SCOREBOARD
Accumulated Points this Week
| Battle Plan | Zoom | Core Strategy |
|---|---|---|
| 416 | 50 | 60 |
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STRONG LEVELS:
Members Only: Updated 2.1 (Sunday's date)
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