/ym for 10/4

trading plan for 10/4

1. Again we are still developing a head and shoulder pattern on the daily chart. Thus we will now focus on entries for short opportunities unless the market presents with a reason to go long in the morning.

2. Friday's are good gap fade days, again if we see a gap up this is a gift and we will take it, if we see a gap down be prepared for it to continue downward.

live trade for the /ym 10/3

live trade video 10/3

1. Went short near open and targeted 40pts
2. Total trade time was around 15min

/ym for 10/3

video for /ym 10/3

Trading plan...

1. Seeing a pretty head and shoulders pattern forming on the weekly, which will indicate that we should expect bearish action this week.

2. Also, as a trend trader we like following the trend which is down at the moment.

3. Thurs is a great day to fade gaps, an up gap would be a gift, I would be more skeptical on a down gap fade just because of this downtrend we are in.

4. As usual keep an eye on pivot levels, VA, and monitor the market internals for entries, stops and limits.