Trading Nasdaq this morning to the short side after it tested for resistance on the three minute chart.
Trading Nasdaq for Nine Points this Morning
In this video, Gail Mercer, founder of TradersHelpDesk, shows you how she identified a short position using the 3-minute chart with the TradersHelpDesk stochastic, Trend ATR, and ATR Support and resistance to identify the multiple timeframe trend and entry.
The ATR stop always provides the lowest point of risk. In this case, the 3 minute ATR aligned with the 180 minute ATR to provide the entry into the downtrend. Anticipation was that price would move down to the Congestion Dot area at 6502. Gail’s entry was at 6511.25 and her exit was at 6502.25 — for a nine point gain trading Nasdaq.
For this week only, you can purchase any of the TradersHelpDesk Packages for a special price. However, the specials end on Friday, December 22, 2017.
Create Your Own Package allows you to select any three indicators for both charting and scanner (or market analyzer). This package is designed for experienced traders that do not need any special training.
Silver Package includes all the standard indicators and over 30 hours of online video training. Also included are the charting and scanner indicators, workspaces or templates and access to our Skype chat room.
Diamond Package is the best deal for any trader because you receive all the indicators, workspaces, templates, installation, access to the skype room and ten hours of personal mentoring with Gail.