There are six specific Time of Day trades in our program, which combines two time frames, support and resistance, and four other indicators into one simple system with an 80% accuracy level.
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Trend reversals are nearly always indicated by divergences on our proprietary Dual Ergodic system that use the Ergodic as a signal. While trading with the trend is a great idea in theory, it is much more profitable to trade the five point trend reversals shown here.
One of the key elements in the Futures Trading Secrets Course is the ability to see multiple time frames. Like a surfer waiting for the perfect wave, you need to get multiple time frames in synch. These coincidences give you an 85% confidence factor in the coming move. Most of these moves are for 4-6 points, especially in a trading range.
One of the four key elements in the Futures Trading Secrets Setup routine is the use of Support and Resistance for trading targets. While not always reliable, review this chart and see how many points you could have made from this chart of December 15, 2005. We also use special settings for these levels, including the mid point of major Support and Resistance (1-R).
One reason not to trade longer time frames on a highly leveraged index future such as the eMini is a chart such as this. This drop of over 7 points occurred in less than two minutes. If you were quick you could have picked up at least the drop from 1091 to 1084.
Use the Futures Trading Secrets System to Day Trade Gold/Silver. My course is that versatile.
