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6 Jan 17

Saturday, January 7, 2017 12:47
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(Before It's News)

The (YM) market interpeted the jobs numbers as mostly positve, you have to go with the flow. As much as I hate being bullish, I was fortunate enough to get a decent amount of points. I waited a hour after market open to find the support and resistance. In this volatile market conditions, I made one trade, held my stop for 20 min before moving it to a area of support allowing price to move further in my favor. The volatility has been extreme, happy to end the week with a profit.

Note: on a 15min chart, the bullish pattern looks a lot more obvious than it would on a faster chart.

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