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TM

YM and ESThis is the immediate sequel to the previous post looking at the Dow futures, then we dabbled for a few minutes with the ES before we timed out. If you're confused, be patient and persevere. If you get a chance open up a clean chart and think through it as there are aspects to this analysis that can be helpful for you, and help you make distinctions in markets that would otherwise be confusing. There is a difference between clarity which I think is vitally important, and actually taking a trade. If you have clarity you're more likely to find a better trade decision. The first video was my attempt to show you what looked like a crazy, chaotic price dynamic's that was seemingly without any logical explanation... and then translated into the experience of buyers and sellers who can actually find reversals and yet they get trapped in the market. I believe some of these traps are intentional, and they are not random, and that you and I cannot because these reversals, but we can be aware that they are happening, and that if we are patient eventually we will come to a set up that will offer a decent trade with a decent target and the decent stop. Implied in this statement is the recognition that many traders make trading decisions that they feel are objective when in fact everything about their trading decisions is not objective at all, and they get blindsided, and actually attracted to markets that have a high probability of creating a losing trade for them.
CME_MINI:ES1!Education
by ScottBogatin