This commentary will focus on the first 60-90 minutes after the Opening Bell. However, our strategies can and will provide setups the entire trading day.
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Using the 1-minute chart, price action initially consolidated below the opening bell and reversed after a few minutes and crossed the opening bell. Took aggressive LONG trade. Then price action slowly went in our favor and we moved the stop to breakeven. Micro-managed the trade and scaled-out first position with took 2+ points profit.
Using Starbucks strategy on remaining position with trailing stop.
Using 1-minute charts to micro-manage remaining position with Starbucks strategy and locked in 3+ points already.
Continued to micro-manage trade and lock in 4+ points profit.
Closed remaining positions with 7+ points profit. Since we used our Profit Accelerator strategies, we increased our position size in the very first trade, and so one day of trading leads to…ONE WEEK worth of profits!
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