Mentor Mike's Daily Turning Points for Thursday 8/18/11. | Pacific Trading Academy
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Mentor Mike’s Daily Turning Points for Thursday 8/18/11.

Mentor Mike’s Daily Turning Points for Thursday 8/18/11.
 

You don’t need to master complex cycle theories or pay to join some elite trading group in order to recognize and utilize daily turning points. I can teach you how to spot them and exploit them with conventional technical analysis.

 

Scoreboard

ES: 4 wins / 0 losses

 

Chart Chat

Today’s ES has a LO-HI-LO configuration that allowed four short, with-the-trend trades.  Each of these feature a beautiful RED, WHITE & BLUE alignment of the moving averages.  Most days there will be at least one triple alignment trade, so you don’t have to take a lot of aggressive counter-trend trades to make money.  Today was a conservative trader’s dream come true.  Be back tomorrow.

 

Please click on the chart below to make it  larger.

ES Chart Daily
Today’s 5-Minute ES Chart

 

 

 

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