Anthony Navarro
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A Pre-Christmas Trading Gift

A Pre-Christmas Trading Gift

Dec 23, 2020

Good morning, Traders!

Unfortunately we aren't all robots and we can't trade 24x7, but it's a wonderful thing to know that that elusive once-in-a-lifetime trade comes around about every 72 hours! [insert laugh track here!] (Apologies, as I'm still on my first cup of coffee!)

This morning I woke up, started my morning routine to 'exercise my brain' by backtesting my "31 Flavors" in the Futures Market and my "Lucky 13" in Forex... What was the first thing to pop up but a beautiful 10R trade that formed right after I went to sleep... (I hate waking up to missed opportunities!) So let's turn lemons into lemonade and see what was so great about this trade...

The Demand Zone on the ES formed right after a "Change in the Wind" when the RSI on the 1-Hour timeframe turned, which, by our rules, allows us to take a 3-1 counter-trend trade (which is why we are now looking for a long in a downtrend.)

Looking at the destination we can see that an opposing supply zone just above our 3R target had been taken out by the initial impulse move up... Again, following our rules we would look for the next opposing zone of supply, whether it be a Sabre zone or not. (In this case, it was.) Just under 2 hours later, the trade went right to the target for a 10R profit.

Another fact I wanted to point out is that this trade happened in "overnight hours" just 2 days before an international holiday... Christmas! Many traders make the excuse "It's a holiday week... it's a low volume timeframe... no opportunities will come about... I'll just take the week off..." So although I missed this trade because of my requirements to sleep every so often, there were plenty of traders who could (and did) make money this Eve of Christmas Eve!

It is NEVER a bad time to be trading... The rewards go to the diligent. Or as John Wick has tattooed on his back, "Fortune favors the bold."

As always, Trade well... trade strong, and follow the rules! (and the Pirate Code!)

-Anthony

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