Many subtle things to appreciate in this week’s lesson, including a perfect, tradable low at 1940.00 in the E-Mini S&Ps and a very juicy shorting target we may get to use in in NFLX. I continue to pay particular attention to ‘contrary’ opportunities that go against the conventional rules of ABC trading: entry points that follow ‘sausage B’ highs or lows, and the most contrarian play of all: shorting at the long-entry signals of ABC patterns that are all too obvious. We also spent a little time on the 15-second bar chart in the E-Mini, discovering in the process that although this algo-driven vehicle has grown increasingly difficult to trade, it can still be beaten. A case in point is the 1940.00 target noted above. In this lesson, I elucidate a half-dozen reasons why we should have been willing to bet the farm on the target, albeit with a stop-loss as tight as three ticks.
