Day Trading or Swing Trading Futures with Price Action. REAL TIME TRADES SET 1. | Humberto Malaspina | Skillshare

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Day Trading or Swing Trading Futures with Price Action. REAL TIME TRADES SET 1.

teacher avatar Humberto Malaspina, Emini S&P 500 Trader.

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Taught by industry leaders & working professionals
Topics include illustration, design, photography, and more

Watch this class and thousands more

Get unlimited access to every class
Taught by industry leaders & working professionals
Topics include illustration, design, photography, and more

Lessons in This Class

13 Lessons (1h 13m)
    • 1. Introduction

    • 2. The Top-Down Analysis and Pullbacks.

    • 3. Apply a Flexible Strategy as Anything can Happen.

    • 4. Learn to Avoid a Non Attractive Risk-Reward Ratio.

    • 5. Managing Risk Dynamically.

    • 6. Take your Chances.

    • 7. Capitalize on Variations.

    • 8. Shorting Inside an Uptrend

    • 9. Price Collapses.

    • 10. In The Middle of The Range.

    • 11. The King of The Universe

    • 12. The FED Day Trade.

    • 13. Day trading and Noise

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About This Class

The objective of this class is that the students can see trades in real-time and experience the type of decisions that are made using the methodology described in the classes of Day Trading and Swing Trading Futures with Price Action.

Here are the links to that classes:

These trades in real-time help a lot to fix the knowledge that I have proposed in all my other classes. Only with practice can you acquire enough skill to master this art of swing trading and day trading.

I will continue to add real-time trades so students can learn from these types of strategies.

Meet Your Teacher

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Humberto Malaspina

Emini S&P 500 Trader.


Hello, my name is Humberto.

Working in the oil exploration industry for many years made me see many ups and downs in this business. Oil prices are a Russian roulette, each time they fall to the red zone of production cost, companies fire employees left and right, leaving a lot of people suffering. As a witness of this situation, I always looked for additional sources of income, and I found one trading the Emini S&P 500. Nowadays, after a lot of work and dedication, I managed to understand price action (the language of the markets) and money management, both important skills to have for anyone interested in trading any financial instrument. In my case, I only trade the Emini S&P 500, nothing else, all my focus is on this particular futures. This has given me the opp... See full profile

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1. Introduction: INTRODUCTION The objective of this class is to put the students in contact with trades in real time so that they can observe the type of decisions that are made according to the situation that arises in the market. It is important for students to practice what they have learned through this type of class as it reinforces knowledge and increases the ability to make decisions. You should watch these classes carefully as they are full of techniques that help to have a better appreciation of the market trends that increase the chances of success of each trade. All these techniques are based on the trading methodology taught in my classes. We will see real situations where the decrease in volatility is analyzed to detect valid support areas to take positions. You will learn about the correct way to react to aggressive price hikes and how to take and protect profits. I will display trades where it is shown where to place the stop loss and make dynamic risk reduction, as well as mistakes that should not be made. You will face situations that demonstrate how to manage a trade in order to maximize profits as much as possible. Let´s begin. 2. The Top-Down Analysis and Pullbacks.: The objective of these classes that I am going to publish in this section is for you to see real time trades to observe how buying and selling decisions are made based on price action and how the dynamic risk reduction is executed. That is what matters the most at this time, that you can have the opportunity to see how price action is analyzed and to learn about the decision making process based on market behavior. The first thing we must do before making a trade is to observe the general view, we must make a top-down analysis. In this case, we see a clear uptrend move in the 4 hours and 30 minutes charts so we are looking for a long trade. We find a pullback, within the uptrend, as can be clearly seen in the 4 hours and 30 minutes chart. This is a market where volatility and supply have dropped momentarily. This type of opportunity is what we are looking for. Please pay attention to this market environment. The price action reveals that a floor has been formed with a double bottom in a pullback within an upward trend and it seems that the market cannot lower its price anymore and supply is drying up. It is an excellent place to take a long position. When you detect through the candles that there is a change in speed in the price pullback, and the action and reaction intervals of each candle favor demand more than supply in a long play, this means that there is a high probability that the pullback is ending and that the price will resume its upward course. I placed my trade @ 3443 with a stop loss with a calculated risk. Also, I placed a partial sell order near the next resistance. The objective of this partial sale is to dynamically reduce the risk of this trade, which I will explain later. See what happens next. Boom, the price went up! This is the law of supply and demand in full action. The supply was running out and the demand was gaining strength, a floor was formed with several bottoms. There comes a time when the supply practically disappears and is overwhelmed by the increase in demand and this is when the distortion between supply and demand occurs and the price shoots upwards. After the price exploded higher, it touched resistance and my scheduled partial sell order is executed. The objective of this partial sale is defensive, I use the partial winnings to dynamically reduce the risk still present in the trade. I use the profits to reduce the risk. It is very important to take partial profits as it allows you to reduce the anxiety caused by uncertainty and additionally reduce your financial exposure to the market. I also raised my stop loss by a number of points similar to what I gained in partial profit-taking, leaving me very close to my entry price, thus taking the risk to almost 0%. If the price returns to this level and takes me out, my loss is minimal and I have the opportunity to re-enter the market if the trend continues to rise. This dynamic risk management in a strict way after starting a new trade is essential for survival in this business, since you can make mistakes several times when interpreting the market, believe me, it happens. Now as you can see the price continues to rise after breaking resistance and I have placed a new partial sell order at a higher price level near a resistance previously established by the market. I don't know if the price is going to get there but I must be prepared with all possible scenarios. This is an offensive move to potentially take profit and justify the time spent on this trade. This is something that every trader must do, time must be monetized, which is an important variable in the yield equation. The price continues upwards, but suddenly there is a change in price velocity, this could be an indication that supply has increased and it could exceed demand. It is normal for these types of fluctuations to occur in the market. You should not panic and sell your position. The idea is to try to ride the trend as much as possible to maximize profits. That is why partial profit-taking is so important, among other things, because it helps us to reduce profit-taking anxiety and psychologically supports us to stay longer in the trade. Indeed, a pullback appears and the price in the market initiates a retracement that may find support at the old resistance that now has become support. Only time will tell. The price falls back to the support level in a considerable pullback, thus creating new resistance. The price bounces off the support and I move my partial sell order close to the new resistance zone in order to take partial profits again in case the price recovers and returns to these levels. In this way, we discover the price structure and make money at the same time. Remember time is worth money. Indeed, the market recovers reaching the resistance zone, and my partial sell order is executed, which translates into a position of 0% risk and gains are protected with a stop loss in my entry price. This strategy is part of dynamic risk management that you must learn and improve. If the price continues to rise we still have an open position in the trade, if the price falls we will have made a partial sale at a strategic price level. With this way of trading, you are prepared for any scenario. I have placed a new partial sell order in the nearest resistance zone. The price manages to reach a new high but falls back immediately afterward without advancing much above the previous high price. This could be indicating a double top and perhaps an imminent pullback with greater price force. I have moved my partial sell order to this resistance zone that we just left behind. Notice that we repeat the same process of taking partial profits, only after the market has led the way, not before. As you can see, the market falls back to the previous support zone, we have to wait for the market to speak and tell us what to do. Price bounces back from the support zone to return to the resistance area where my partial sell order is executed. Again we take profits and reduce the uncertainty about price discovery. After taking profits, the price falls back without reaching a new high, which increases my suspicions of a possible pullback during the next minutes or hours. Because of this, I have moved my stop loss below a technical support zone to protect gains in the event of a price crash. The price continues to retreat strongly which increases my suspicions of a possible larger pullback, which is why I adjusted my stop loss previously. After an hour of trading, the price continues to decline with little indication of being able to recover. It is clear that supply has fully exceeded demand in this period of time. The price timidly bounced off the support which is an indication of low demand and the supply is increasing, thus taking the price to lower levels breaking the support barrier. I estimate that prices are very likely to continue to decline. The price continued to go down and it hit my stop loss sell order order and the trade was closed with a good profit. Note that I never moved my stop loss based on my technical evaluation, in most cases these pullbacks end without touching the stop-loss after starting a new with the trend trade, however, this was not the case, but the way to manage the trade was correct. Through this trade, you can realize that with a good dynamic risk management you can make good money on a trade that does not present much movement long or short. This is a technique that you must specialize in it then you will be able to realize the potential to make money that it offers. 3. Apply a Flexible Strategy as Anything can Happen.: Welcome to the next trade, first of all, I want to tell you that all my trades have the intention of being a swing trade, but as you know, nobody knows what will happen in the market in the short and medium-term, if the market changes the rhythm we must also adjust and change the rhythm as well and perhaps the trade will last less time than expected. Sometimes it lasts much longer than expected. In the market, anything can happen so be ready to face surprises. Remember, for this trade, I need you to focus on when and why I enter and exit my trade, do not pay much attention to the profits. I need you to learn about the dynamics of the trade. Let´s begin. Analyzing the weekly and daily charts, the trend is clearly upward, but this is just my opinion. The market price is the only one who can confirm this idea. I switched to the 30-minutes chart and detected a pullback during the overnight market. I found a double bottom so I placed my long trade @ 3555 with stop loss and a partial sell order near a resistance price level. Now we wait. The market exploded to the upside, this is a news-related event, and the price confirmed my idea, there was like an accumulation at the base of the pullback and the price went up as soon as the news came out which I didn´t know. Events like this are few and far and between. My partial sell order was triggered and the price keeps going up. Here I updated my stop loss sell order to the number of lots remaining. I took partial profits at this level as the market is going up too fast, I think this is an effect of mass hysteria and maybe it won’t last long. I updated my stop loss again with the remaining contracts in the position. Now, I must wait to see how the market evolves, I already have a considerable profit and my goal is to maximize the gains during the life of this trade. An important thing is to calm down, let the market evolve to see how far it can go. You never know what the tide brings. The price continues to go up and we must let it run. We have to take into account that big win trades are important, so when an opportunity like this presents itself we must be patient no matter what. Here the market begins to make a pullback, we must not panic and sell, we have to wait as the market develops its geometry in order to make a decision. This fractal geometry is throwing subtle messages that help us in our decision making to buy or sell. As you can see at this level the fractal has already shown the first sign of deterioration, now you must sell part of your position. In this case, I did not do it for demonstration purposes of the course, for you to see what can happen if we do not take partial profits. Price action remains in no mood to rally to the upside. It is becoming clear that the initial price explosion was due to a frenzy of buying due to the news. In these types of situations, you should continue with partial profit-taking if the price geometry continues to deteriorate. Indeed, the price geometry continues to project downward and we must keep reducing the position, we must take another partial profit at this level. We are going to find this type of situation when trading, the important thing is to recognize what is happening in price action and make the appropriate decisions without emotions. You should never fall in love with your opinion, the market is the only one that is right. If the market gives you signals that it is going to change direction then you should do it too and fast. In this world of trading where most transactions are done by supercomputers, there is not much time to hesitate. As we have been witnessing the price continues to deteriorate and collapses, our stop loss is triggered and the trade is closed with a profit. This type of trade is a good example to explain that the market is the one that decides how much to give or take from us. We can establish a theoretical objective where we want want the price to rise or to fall, but the market is the only one that decides. For this reason, we have to be prepared to take profits when the market offers them to us. 4. Learn to Avoid a Non Attractive Risk-Reward Ratio.: Real time swing trade number 3 In this trade I want to show you a mistake that you should not make we must control emotions and act based on the current market situation when the odds are in our favor. In this case, it is a long trade and I explain why you should not enter the market near a resistance zone, no matter how tempting it looks. I myself made this mistake several times. I don't want you to do it. Let's get started. This is a long trade, I took an entry near a support zone and I automatically placed my stop loss and orders to take partial profits. However, this long entry is very close to the resistance zone and this is a bad situation. Here the risk-reward ratio is not attractive, however, I took the position because of the temptation of a possible upward explosion in price. A serious mistake on my part, you should not expect results in the market, you have to trade when the market speaks not before. The market continues to rise and triggers my sell order for partial profit taking. But see what happens after that. As is normal, the market encounters resistance at this level and the price advance begins to slow down. We must always bear in mind the risk-benefit ratio. Our potential profit in a trade must be greater than the risk assumed. In these areas of resistance, our risk-benefit ratio is generally very bad We should not take these trades, statistically, we have the ones to lose. Right here there are hundreds of traders taking the opposite position to the breakout and many others who had a long position for hours or days, also start to take profits by placing sell orders. The market tries to pick up momentum again but strong sales continue. In view of this situation, I moved my stop loss to my entry zone as the market is likely to move back. The market goes down activating my stop loss. This trade ended with a small profit but it is a clear example of what not to do. In summary, always evaluate your risk-benefit ratio, where the benefit justifies the present risk in order to consider a trade. Never go long near a resistance zone as the chances of price reversing are very high and that puts you in a disadvantageous position. 5. Managing Risk Dynamically.: In this trade, I want to explain briefly why it is so important to dynamically manage risk in the market. After taking the initial risk, which is the highest, If you don´t reduce it dynamically, and you have several losing trades in a row, then those lost amounts, can take a significant slice of your previous profits. That cannot be allowed. The goal is to reduce the initial risk as soon as possible after taking a position, as we are likely to have several losing trades in a row. This is key for survival in any trading business. The ways to dynamically manage risk can be done in different ways because the market is always changing, you need to understand the price action signals to adapt to each specific situation. I am going to give you my central idea of how I proceed, so you can adapt it to each specific situation you encounter. Remember there are no fixed rules in trading, there is only one central idea that must be flexible. Here is a quick video to explain how to do it. Let´s see. Analyzing the market environment, studying the weekly and daily charts, I detect that there is an upward trend, which I can see in better detail with the 4 hour and the 30 minutes charts. I notice the market is in an attractive position over support with little entry risk and the price action indicates that there is strong demand at this price level. I decide based on this analysis to place a programmed purchase order with its respective stoploss. Moments later my buy order is triggered and I enter the market automatically my stoploss is activated. From now on my goal is to try to reduce the risk as much as the market allows me by trying to put my stoploss on my entry price. The market continues to rise and a new 30 minutes candle is printed and I move my stop loss 2 points below the previous candle low to dynamically reduce risk. I'm going to zoom in. Through the analysis of historical data, I have verified that if we get an entry price close to a distortion between supply and demand, the stoploss is hardly hit below the low of each 30-minutes candle during the first phases of this distortion, which gives us time to reduce risk. After 30 minutes I notice a bit of indecision in the market, which worries me a bit, I decide to sell part of my position and I update my stoploss to the number of contracts still open. Here I am dynamically reducing the risk according to the current supply and demand conditions. A new 30 minutes candle is printed and I re-adjust my stoploss position 2 points below the previous candle low trying to bring my stop loss closer to my entry price. Notice that the price advance has slowed down and this is a message from the market, so I try to reduce my risk as much as possible. The market suddenly deteriorates, it gains downward force and triggers my stop loss, by taking me out of the market with only a small loss. These types of trades happen constantly since it is practically impossible to be 100% correct in all our trade decisions. It is mandatory to look for a dynamic risk reduction strategy to minimize the size of the drawdowns in our trading model. If we don't do it, it is very difficult to achieve constant profitability in this business. 6. Take your Chances.: Surprises from the wave. In this video I want to explain that when we start a trade we never know how far price action will take us, so we have to be prepared for any scenario. Let's get started. The market is in an uptrend as can be seen on the weekly and daily chart. However, the price action on the daily chart seems to indicate that we may be in the presence of a possible pullback that we could take advantage of due to the wavering signal at the top of the trend. All this suspicion must have confirmation in order to take a position. Let's look at the chart to see more detail. This time I am using a 1-hour time frame. You can use any frame that you think is necessary according to market conditions. Indeed we can see that the base of the fractal has been broken and the price does not seem to recover and I take a short position. I placed my stop loss order and also the partial take profit order, the latter near the next support zone. After opening the short position the price deteriorates and goes to the support zone where my partial take profit order is located. My initial appreciation of the market was spot on. We must follow the trade carefully to see if my partial buy order is activated. The price has plummeted lower and my partial buy order is almost hit. You can see how there was a battle between supply and demand, where apparently the buyers were gaining ground but then the market changed and the sellers came to dominate the scene and the market turned down. This is a clear example that the market is a dynamic agent that is constantly changing. You have to learn to adapt to these changes to survive as a trader. Now it´s only a matter of time to see how far this short trade will take us. The market triggers my partial buy order and I must update my stop-loss order with the number of remaining contracts and move it to my entry price. I have also created a new partial buy order in the next support zone, as an additional measure in case the market continues to decline. The price continues to drop rapidly and triggers my partial buy order and I have also updated my stop loss with the number of contracts remaining in the position. The price starts to bounce off the support zone. This is an important area of demand as seen in past price action. You have to be aware of what the price can do from now on to make more decisions. The supply intensifies and the price continues to collapse below the zone of demand, this means that the supply increases and it is possible that we will see lower prices. I have placed a new partial buy order in the next support zone. The price collapses again and hit my partial buy order. In this way, we are monetizing all this trade from the moment it started. I have updated my stop-loss with the number of contracts remaining in the position and moved the stop loss to a technical level to protect the gains on paper. The market recovers and the price increases momentarily, to meet again with the prevailing supply in the market context. We must be patient and wait for more price action to find out what structure is revealed. Minutes later the market collapses again and continues its downward direction approaching the support zone. The support zone cannot contain the overwhelming supply and the price collapses again penetrating this zone of old demand. I have moved my stop loss to a technical level to protect my paper gains. If the price returns to this level and penetrates it then indicates a possible temporary trend reversal. The price continues to plummet rapidly, I have adjusted my stop loss again to protect profits and have placed a buy limit order slightly above the lock limit down price just in case. I don't like getting stuck in a halt trading. The price finds a new support zone, and from there it rebounds aggressively due to the strong demand at this level, which makes me suspicious. After this the price falls back towards the previously established support zone but finds strong demand again which sustains the price and generates a new increase, thus creating a classic double bottom. The price continues to rise supported by high demand that exceeds supply and is near to my stop loss which is hit minutes later and my position is closed with a very good profit. This is a classic example of how I manage my trades when I am in the market, taking partial profits and protecting paper gains to maximize return on capital while dynamically reduce risk. 7. Capitalize on Variations.: Capitalize on Variations. In this trade we begin by analyzing the general context of the market, studying the weekly and daily charts. The market is in a clear uptrend in recent months. Of course there are fluctuations that can be exploited from a speculative point of view. There are suspicions that the pullback is ending and it is our mission, through the interpretation of supply and demand, to detect when we can take a long position, at minimum risk, to take advantage of the hypothetical restart of the uptrend. For that, we go to the one-hour chart. After a pullback that lowered the price from 3920 to 3780 points, it can be seen how slowly the demand was gaining ground over the supply. The price resumes its upward path and I take a long position after a brief pullback activating my stop loss and sell order for partial profit-taking. Demand outstrips supply and price continues to rise rapidly approaching my sell order. All of this is part of the dynamic risk reduction strategy. Demand continues to outpace supply and my partial sell order is executed. After the partial sale, I have updated the number of remaining contracts and the price level of my stop which I have placed right at the entry price. Here we continue to reduce risk dynamically and have partial profits assured. I continue with the partial profit-taking strategy and place a sell order at a previous resistance level (offer), as a preventive measure in the event that the price reaches that level. I have indicated my entry levels and partial sales on the chart so that you can better appreciate my trading decisions. It is important that you analyze my movements to make the link between what is explained in the course and the trades in real-time. Demand continues to increase and the price is approaching my sell order for partial profit-taking. Partial profit-taking also helps to reduce your anxiety regarding price cap discovery. Price is pushed higher by overwhelming demand, this triggers my sell order and I take partial profits again and update my stop loss. I have placed a new partial sell order at the next resistance area in the hypothetical case that the price reaches that level. I try to automate most of my buy and sell orders so that my emotions do not influence this process. I recommend that you have an action plan and execute it in advance so that you will be prepared for any scenario. Anything can happen in the market, so you have to be ready to buy or sell depending on the situation that arises. Price continues to climb and I add a partial sell order at the breaking point of a fractal for profit-taking in the event of a weakening of the price structure. Additionally, I have updated my stop loss and leave out 3 contracts in case of an aggressive move against my position. The market weakens due to the appearance of an oversupply and my partial sell order is activated so I take my profits. My stop loss is updated and I decide to wait to see if the market reacts higher again but I don't like this weakening. Supply continues to increase and demand weakens, which causes the price to fall to my stop loss levels and is activated, thus closing the trade with a profit. As you can see, the game of supply and demand is totally dynamic and can change from one moment to another. In these short time frames, we will always be subject to these mood swings in the market and we must be prepared to make trading decisions to capitalize on these variations. 8. Shorting Inside an Uptrend: Shorting inside an uptrend This time I want to explain that you can take advantage of downward fluctuations within an upward trend. These are very risky trades that you should only execute when you have more experience because we are betting against the trend. These trades serve to capitalize on quick gains when we are waiting for a price structure to enter the main trend again. Remember, there is a high probability that the price will turn against your position quickly so you must take profits as soon as possible reducing the risk dynamically. Let's see. When analyzing the weekly and daily charts it can be seen that although there is an upward trend, during the last days the market has weakened creating a price correction. We must look for more detail. For that, we use the one hour chart. As we can see, although the trend is upward, the market is forming a small correction and right now the price is in an area close to resistance where the risk is minimal in case I jump in. I immediately open a short position and automatically my stop loss and partial take profit orders are also sent. The market crashes and approaches my partial take profit order which I use to reduce the risk dynamically. The market continues to go down and it triggered my partial take profit order right in the support zone. I immediately update my stop loss and move it to my entry price. Remember that this market is in a correction within an uptrend and it may turn against my position so I must be prepared for all scenarios. Indeed, the market finds demand in the support zone and the price begins to rise. It is important to remember that the initial intention of this trade is to take profits quickly since we are playing against the main trend. The market continues to rise slowly, resuming its long-term trend which is bullish. In this case, I already have a partial profit and my risk is 0 since my stop loss is in my place of entry. Minutes later the market activates my stop loss to close the trade with a profit. As you can see, these types of short trades within an uptrend are for taking quick profits since it is most likely that the dominant trend will resume its course and line the market against our positions. 9. Price Collapses.: Price Collapses. This trade highlights the probability of a total meltdown in prices during a long or short trade. In both cases this meltdown can be faster than you think but the market always sends us clues about what is about to happen. You have to pay attention. This is a fact that you must be aware of and is your responsibility as trader to be ready to act in any scenario. Please take a closer look to this trade. When we look at the weekly chart we can clearly see that the upward trend is intact and the price is right now in a pullback. If we analyze the daily chart, it is clear that the pullback is reaching a potential support zone and this could be an opportunity to open a long position. Let's go to the one hour chart to see the details. In the one hour chart I could see that the offer was drying up and the price could not reach a lower level. Immediately I took a long position and activated my stop loss. I also placed a partial take profit order near the next resistance zone. The imbalance between supply and demand is present, the demand absorbs the supply shooting up the price to higher levels and the market is approaching my partial profit-taking order. The market continues its rapid rise and triggers my partial take profit order. The price passes by and is reaching higher levels over the resistance area. The demand is indeed strong where the bulls are in total control. The price goes up like a bullet and I realized that I had not detected a congestion area and I placed a partial take profit order there. Price congestion areas are zones of distribution so I advise to take profits at these levels, other traders are doing the same. The market keeps pushing up and activates my profit taking order. As you can see, this order is located just at the same level of the previous price congestion area. I took my profits and still have an open position to see if I can squeeze more money out of this trade. The price keeps moving up and approaches my take profit order toward the close of the trading section for the day. I need to rest and I go out for a walk to follow up later the trade during the overnight market. During the night the market slowly began to show signs of weakness which I did not like and I took partial profits just when a fractal was broken. I don´t like this kind of large pullbacks. Sometimes it means that smart money is getting out of the game. The market begins to recover and I am very aware of the highest price it can reach, since the previous pullback left me very worried. Within this upward move, there is again a disturbing pullback that can be seen in the doji. This really worries me since I believe that there is an offer with strong intensity in the environment. The underlying offer was real and came in again with great force causing a price crash. Unfortunately I reacted late and only managed to sell part of my position on the third sign of the fractal break. I may have sold higher at the break of each doji. The price continued to collapse and my stop loss was activated, closing my position. The trade ends in profit. This is a clear demonstration that the market can do anything and we must be prepared for any situation. Do not ever forget this advice. 10. In The Middle of The Range.: In the middle of the range. This is a good example of the importance of being patient and waiting for the right moment to start a trade. In this specific case I hurried and because of that I entered the market in a disadvantageous position since the risk is not worth it because the potential profit is very little. Please pay attention and observe how by applying what you have learned in the course you can face this type of situation avoiding damage to your trading account. As always, I watch the weekly and daily charts and I can clearly see that there is an uptrend. My main idea is to take a long position, now I have to look for a place to enter the market. Let's see the detail in the one hour chart. Based on my interpretation, the market seems to be unable to lower the price anymore, and I opened a long trade, I also send in my stop loss and partial take profit orders. However, I did not like this entry because it is in the middle of the range between support and resistance and it does not have a good probability. I took this position based on exaggerated expectations and it is a called to reflect to have more patience for opportunities with less risk. The price continues to rise and it triggered my partial take profit order and I updated my stop loss. The market is approaching the previous resistance zone. It only remains to wait to see how it behaves to make more decisions. The price begins to retreat from the resistance zone, apparently there is still supply at these levels. My stop loss is already in the entry zone, my risk is only the commissions for the transaction and I already have a guaranteed profit if all my orders are executed correctly. The market tries to recover by climbing back to the resistance zone, but there is still supply and the price falls back approaching my stop loss order. The bulls insist on sending the price towards the resistance zone but the supply present at that level pushes them back once again. The price continues to fall, showing the temporary control of the bears and my stop loss order is activated. The trade is closed and ends with a small gain. This is a clear demonstration that it is not profitable to start a trade in the middle of the range between support and resistance since the theoretical risk does not justify the potential profit of a trade in this type of situation. 11. The King of The Universe: The Market, king of the trading universe. The market is clearly in an uptrend, however during the last few days it has presented a normal pullback. Suddenly during the last hours there was an explosion in price pushing it higher, which could indicate a return of the bullish phenomenon. The chart shows an entry signal where I took a low risk long position and set a partial take profit level. The market has advanced to a level where I can set the risk to zero and I placed my stop loss at my entry price. The market continues to climb and is approaching my sell order for partial profit taking which is necessary to reduce my risk and justify the time invested in managing this position. My partial sell order is activated and I collect my first profits. I have updated my stop loss to the remaining number of contracts in my position and I have placed a new partial sell order at the next resistance level. With this strategy I already have a profit, keeping part of my original position, thus reducing the uncertainty about price discovery. The market accelerated its rise and activated my sell order for partial profit taking. I have updated my stop loss again with the remaining number of contracts in the position and I have placed a new partial sell order in a zone close to the next resistance level. The market begins to weaken. This is to be expected when being in an area where the offer has previously been present. I already made a profit at this level, so what corresponds at this point is to wait for more price action to decide how to proceed. Price made a sharp pullback from previous resistance, apparently many sellers are at that level. This behavior makes me doubt a bit. I decide to wait patiently. The market continues to decline and this worries me more, as this indicates that there is more supply than I expected. The market sends subtle signals whose results are not immediate, so we always have to think about what could happen in the future due to these signals from the past. That's a good thing about this time frame, it gives you time to observe and think. I decided to move my partial sale order to the nearest resistance level in the event that the price visits this level again. As time passes I need to get paid, I must generate returns for the time of exposure in the market. The market recovers slowly to the previous resistance area, it is only a matter of time to see if my partial sale order is activated. If my order is executed, I will make a decision depending on the price action. The market reached the resistance zone again and my partial sell order was executed, taking part of my profits. I also updated my stop loss order with the remaining number of contracts in the position. Again, I have to be patient for the price action to give me some clues as to what might happen going forward. The price begins to weaken again due to a clear presence of higher supply at this price level. As a preventive measure, I placed a new partial sell order near the next resistance level. The market is weakened even more because of the underlying supply. We are facing a temporary retracement in the market. I keep my sell and stop loss orders unchanged. We will see. The price deteriorates and is already at the support zone. I'm going to hold out at this level as it might bounce back again, I really don't know. However I confess that I do not like this amount of present offer. The message the market is sending is one of weakness. As the general trend is bullish, I will endure to the end without moving my stop loss. This is my personal decision in this particular case, I am going to bet on keeping my risk as planned. The supply was stronger than the demand at this support level, the price continued to decline, my stop loss order was triggered and I am out with a nice profit. The market warned me in advance that this could happen. I did not listen. The learning from this experience is that no matter what your expectations are about price, the market is always right, and you must impose the market's messages on your personal hopes. The market is the king of the trading universe.