Regardless of whether you trade binary options, touch brackets or futures, divergence during these volatile periods offer profits. Early this morning, with the higher timeframes indicating the Nasdaq was oversold, the 60-minute timeframe indicated a strong bullish divergence. The bullish divergence indicates that more likely than not the market would retrace today.
Prior to the live coaching session, I entered the Nasdaq when the lower timeframe confirmed the bullish intention (long at 8795.25). I anticipated that price would go up to the congestion dot on the 5-minute chart at around 8854.25. (I blurred out the number of contracts as it is not important.)
A few minutes later, price formed a small mini-double top and had potential divergence on the 1 minute so I exited at 8840.75. This one divergence with one trade offered 45 1/2 points. But there were more opportunities for entry. After the live coaching session at 6am New York time, around 7:30 am, I also entered a touch bracket to the long side [US Tech 100 8807 – 8957] at 8848 (41 points of risk) and it was exited at 8957 (109 point gain).
There were also additional trades using either the 5 or 15-minute chart to the long side as price made it’s way up to the 60-minute congestion dot, which again, was anticipated during the live coaching session today.
The Multiple Timeframe Support & Resistance indicator, which plots the support and resistance from three different timeframes is the absolute best indicator, especially when combined with our other indicators. It clearly shows when the market has found either resistance or support. It’s also crucial for seeing the micro double tops and bottoms that traders can use to enter or exit their position (for locking in profits).
The All-Inclusive Package is $1,295 for the year and includes both the indicators and the live coaching sessions. However, it is only available if you email me directly.