TRADING CONDITIONS

The market has been been picking up momentum lately. Moves are getting better and better for trend trading. The difference between choppy markets and trendy markets is that during choppy markets, risk is much higher and you are more likely to get stopped out. During trendy markets, the trades that do work out carry on for much longer. Your risk vs. reward ratio is much better during trendy markets.

As for this next week, we are looking to join the down trend that is developing. We will be accumulating a short position as the trend down intensifies.

MARKET "EXCITOMETER"

Use this new "Excitometer" to determine your trading aggressiveness. The higher up the number, the more excited we are about trading the market here.