Trade entries on the 45 minute chart for Gold, Crude, ES, DAX, Dow and Nasdaq at the average true range stop or congestion dot.
As most of you know, last Sunday I wrote a post in which I explained where I thought price would go on Gold, Crude, ES, DAX, Dow and Nasdaq. Today, I want to show you the entries on the 45 minute chart that occurred on each of the markets. Notice that there were not entries everyday — but when price did pullback to either the ATR or Congestion Dot (previous Congestion Dots are highlighted as lines on the chart) and there was confirming volume, the entry was marked.
Trade Entries Gold
On Gold, there were 8 entries and at least one profit target was taken on each.
Trade Entries Crude
On Crude, there were 3 entries.
Trade Entries DAX
On the DAX there were 3 entries.
Trade Entries Nasdaq
On the Nasdaq there were five entries.
Trade Entries Dow
On the Dow, there were four entries.
Trade Entries ES
On the ES, there were four entries.
In all 27 entries and at least the first profit target was taken on each one. So what made it hard? Waiting and only taking these specific trades and that is where most traders make their mistake. They wait, the trade doesn’t come in so they enter in the middle of the boondocks and then price goes against them and they cannot withstand the loss. Yet, they are fearful of entering at the ATR because it may go against them (although it would be quicker and less painful).
Again, 27 entries. The profit from these trades paid out more than 5 times what the Silver or Platinum package costs.
And, to top it off, I gave you the heads up on Sunday before the market even opened.