Subject: Do you need to start with trading basics Friend?

From The Desk of 
The Trader
Financial Freedom HQ 

 
"I see you driving 'round town with the girl I love and I'm like..."
--Ceelo Green

Good Morning Friend:

Note: I put together an "Intro To Charts" email mini course (6 emails/videos).  If you don't understand/you're not interested in a recap of yesterday's price action, but you ARE interested in the mini course, you can drop down and click the button at the bottom of this page.  You will be taken to TAOST's homepage, but the course will initiate immediately.


Now for the market...
Yesterday was pretty interesting in the S&P 500 Emini...if not atypical.  Price spent the majority of the morning chopping around in a trendless, fairly narrow range.  Price was very well contained by the downtrend line and the horizontal line just inside the top of TAOST Balance Zone.  We talked in the trading room about how price was likely coiling for a powerful breakout in 1 direction or the other... and the best way to position ourselves to take advantage of that break... even though we were unlikely to be around for the breakout.
As you can see from the chart below, price ultimately broke out of the trading range... then exhibited classic price action by pulling back to the top of the range before racing higher.

And lest you think that move not so impressive... From 2725 to 2750 is worth $1,250... per contract...  That's not to get you doing backflips about how you can easily extract thousands of dollars from the market each day with a single contract... It's not to tell you that you can even make a dollar over lunch money... It's to give you an idea of the magnitude of the move... and how quickly it can happen.
On the chart below we have TAOST Hi to Lo Magnet Zone (green box) from the big drop.  It's imperfect, but you can see that price acted as resistance initially... then, ultimately blew through the box to push up to 2750. The box will likely become support next week.  Notice also that the top of the candle that started the recent descent managed to put the breaks on the runup yesterday... for the time being anyway.
If you're ready to get started down the road to "Ceelo Green Money," you have to begin at the beginning...
I put together a mini email course about charts and how to understand them to help you get started at the beginning... As in "What is a chart" beginning. If you think that would be helpful to you, click below to start the course.  You will be redirected to TAOST, but the first email will be sent to your inbox immediately.
KIS,

The Trader

P.S. For those of you who are interested in my upcoming class/seminar, the mini course is also designed to pull some of that information forward so we can start at a higher level...
PO Box 240356, Charlotte, NC 28224, United States
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    This is an online snapshot of a newsletter created by the owner of TAOST Main Mastermind List (The Art of Simple Trading, PO Box 240356, 28224 Charlotte, United States) and sent via GetResponse on 2018-02-24. Report abuse