How to Trade Retracements During Strong Price Trends: Oct 14, 2024

The S&P 500 is posting new contract highs, earnings season is kicking off, and we're just 3 weeks out from the US Presidential election. We're likely to continue to see strong short-term trends across markets, and you need to know how to make the most of them!

Watch the 6-minute video above:

  • The types of price retracements to consider during fast moving markets
  • How I use the 3-minute chart and 15-second chart for entry and exit
  • My favorite way to check my bias during live trading (Hint: black lines)

See below for my Trading Journal Notes

This was based on my analysis presented in my latest Skinny on the Mini ES Futures report published to my S&P Edge Pro members Mon Oct 14, 2024 at 8:23 AM Eastern

My Trading Journal Notes:

9:52 – buy at 5893.00, 25% retracement of last upleg
9:55 – out at 1st target, raised stop to 2 points max
9:57 raised stop to BE
9:58 – raised stop to 5895.00
9:59 – raised stop to 5896.25
10:04 – out on trailing stop

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