Mentor Mike's Daily Turning Points for Tuesday 1/24/12. | Pacific Trading Academy
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Mentor Mike’s Daily Turning Points for Tuesday 1/24/12.

Mentor Mike’s Daily Turning Points for Tuesday 1/24/12.
 

Every freely-traded market makes a series of turning points during the day session of the regional stock market.  You don’t need to master complex cycle theories or pay to join some elite trading group in order to utilize daily turning points. I can teach you how to spot them with conventional technical analysis

 

 

Scoreboard

ES: 3 wins / 0 losses

Video Blog Coming

I’m still working on my new video blog and I will be debuting it just as soon as I can.

Chart Chat

I have a new, free, Saturday morning webinar coming up on 1/28/12 @ 9am PST.  Here is the link to register to attend:

https://www3.gotomeeting.com/register/387011710

And, here are the title and promo blurb:

“GO FOR THE GOLD!
‘Mentor’ Mike Bridges reveals his latest Ninja Trader chart template.  In the past, he has shown how the alignment of his red, white and blue moving averages indicate the strongest directional momentum.  Now, he has added his special color-coded MACD that literally shows you when to GO FOR THE  GOLD.  Mike is constantly looking for ways to streamline his charting and to uncomplicated and de-mystify the process of finding those trading opportunities with the highest probability of success.  His new Ninja Trader chart template eliminates the guess work like never before.  And best of all, attendees who pre-register will receive a copy of Mike’s ‘Go for the Gold’ template via email that can you start using immediately after the presentation.
Don’t miss out.  Space is limited, so registered now!”

Today I’m back to my “Go for the gold” template.  I also decided to label two levels of Elliott Wave.  Notice how the swings and crossovers on the MACD echo the EWs.  The pattern was actually a two-point LO-HI but with an additional HI-LO zig zag in the middle giving an overall impression of 4 points.  Have a great evening and be back tomorrow.

Please click on the chart below to make it larger.
Chart #1
Today’s 3-minute ES chart

 

 

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