Day Trading Course Europe is Collapsing US is Consolidating and we are looking for some type of relief here at the bottom of the bearish Channel.
Support is in and the markets are looking for buyers.
1170 is the major area of resistance on this move up. Day traders have held resistance here and if we consolidate and close into this level there is a good chance tomorrow we could see a reversal and retest to the supporting trend line on the bearish channel. The buyers are in Control in to the close with 1160 the point of control. Tomorrow we are looking at a point of control around 1168 for the move up to 1180. There is some resistance here and we could see a fight to push through the 1200 mark. If we get price failure in this area watch for a sell off. Price is the key factor in the Day Trading course offered in Edmonton and Calgary this next two weekends.
Are biggest consideration is how price moves and where it finds support and resistance. We are not concerned about a bull or bear market. We watch price to see the potential moves available to the trader. If you don't see the direction, there is no reason to trade. If you don't have a target for your trade, you are just throwing money into the market. As a trader you know this is high risk and if you manage your risk first, understand an executable entry, and have clearly defined targets you can make money in the markets. Most traders trade with out w [...]day trading course
