August 24, '04. A Texas Two-Step


The hesitation dance step price displays before uncovering a tradeable trend is usually a confusing trick to learn--and a costly one for traders. Study the chart above (click to enlarge). Using the methodology from Pivots, Patterns and Self Recognition, there were specific rules that would have kept you out of shorting the NQ index at the first red down-arrow, and accompanying rules to get you into the short at the second and higher red arrow. If your techiques didn't position you correctly in the short NQ trade this morning, then perhaps you should consider taking our intraday swing trading course from daytradingmethods.com.