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6/29/16

YM 6/29/16


R1 18000
S1  17200
S2  16961

It was last Thursday's Brexit vote, that triggered a 976 pt nose dive, the market has recovered 690 pts. Surprise surprise, we are 286 pts from previous highs.

I try to avoid giving predictions to where price will go next, the mind can fall in love with our own opinions, clouding judgment on what is actually happening.
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6/25/16

CME Trading Simulator...a joke.

If you're reading this, you are probably killing time, I got you covered. See if you can beat my high score of $2,133 $3,584. CME group website offers a very unrealistic trading simulator that gives you the option to "hedge" or "speculate", I played as a speculator.


Post your high score in the comments lol.

Click here for simulator.
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6/24/16

Brexit...what's next?

R1 and R2 hold after Britain votes to leave

Traders have a lot to think about over the weekend, buy sell or stay on the sidelines. I for one would not want to be holding on to any weekend positions; too much risk and for a lottery ticket.

UK Exports:
http://www.tradingeconomics.com/united-kingdom/exports
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6/23/16

YM Chart Daily 6/22/16


As a  part of my trading preparation, I have maintained a routine of reviewing charts and manually backtesting my method. Part of my routine is looking at a daily chart to get more perspective of where support and resistance levels are at. With that said, less talk more charts.

Analysis... Pros buy support and sell resistance regardless of time frame.

Trade well!


 
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