Trades to the Short Side

Given the supply evident in the market over the past few weeks, we have been focusing on short-side trades in our weekly Deep Practice sessions held on Thursday nights.  This has helped members trading the S&Ps (ES) to be prepared for short opporunities as they occur.  When supply is in the market, it will typically produce choice trade setups to the downside that will run for more than a few points.  Friday was an excellent day for the short trader.

The market opened with a gap down and then rallied back up into the gap.  After reacting into the 12:00 time period, the weak rally that followed belied the strength seen on the morning rally.  Just before 1:00 we see the market rallied very weakly and then produced an UpThrust.  Deep Practice members know this is a choice trade setup in weak market conditions.  We see a test of the UT at T and another short opportunity at X.  Depending on entry and trade management, these trade setups were worth between 10 and 27 ES points.

Each of the elements was discussed in Deep Practice – the gap, relative strength and weakness in the rally, UT, testing of the UT, trade management, adding to a position, etc.

If you would like to learn to trade the market by its own action with patience and clarity, then come join us in Deep Practice.  We meet weekly and review trade setups just like these, but more importantly we practice them.  When you practice trade setups in a knowledgable and supportive environment, you will place yourself in a better position to capitalize on them when you see them real time.  No professional athlete would ever think about stepping onto the playing field or court without first practicing their plays.  Traders are no different.  Come join us:

For more information: Deep Practice with Dr. Gary

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