(Before It's News)
Made a few YM trades, all with tight stops that got me out of the market with a small profit. Focusing on capital management, not chasing the market.
In the attached charts, I use a 15min time frame, I also use a Ninja Trader 60min 30min and a 5min chart (not in this post); the larger time frames help to make the overall trend more apparent… don’t trade the chop is my daily mantra.
The world has its eyes on Dow 20,000, I have zero expectations of what will happen, don’t want to cloud my judgment for the next trade. In the month of January I do expect to see more volatility…US presidential inauguration.