Long Trade Setup on YM on Friday 08-14-15

Long Trade Setup on YM on 08-14-15Friday produced a nice trading opportunity to the upside at the 11:00 – 11:15 a.m. time slot for those who trade on Fridays.  This trade would have produced better than a 3:1 reward/risk opportunity using My 3 Simple Trading Rules and no lagging indicators.

Setups like this one present themselves almost every trading day.  It simply requires the patience to be present during the three times of the day as stated in the rules and the will power to stop trading once the profit objectives loss limits have been reached.

As usual please read the disclaimer on the website. Nothing presented here is intended as trading or investment advice.  Please consult a professional prior to placing your own capital at risk in any financial market.

Good trading and come back often!

Mike