Profitable Emini Trading With Trading Targets

Skilled Traders Locate Targets To Determine Where Prices May Trade

Traders have more success when they have target prices that the market is likely to attain. That’s why gap trades are so reliable (about 75%) and why Taylor’s Book Method calculations have been a mainstay of professional traders for 70 years. When traders know where prices are LIKELY to trade, they have an edge. On Friday November 26th (day after Thanksgiving) the market was spooked by a new corona virus scare that sent the market lower, for the worst day of the year. An event like Friday’s – a Black Swan Event – throws off the calculated numbers. It may be better to not trade on days where the numbers are less reliable as skewed by unexpected news.

Anyone who wants to learn how to trade needs to know how to determine where to enter and exit the market on the following day. Trading Zones can be calculated by following Taylor’s Book Method. But unlike the raw numbers, a wise trader needs to know how to interpret the results. Still, knowing how to calculate trading zones and knowing how to use them make knowledgeable traders much more successful than others who use the “seat of the pants” method. 

By knowing the price support and resistance levels, a trader will also know the range that prices are likely to trade. It is very important to point out that certain conditions can cause prices to trade outside the calculated zone, such as important market-moving announcements. Over a period of years,, the calculated range has proven more accurate than the actual trading zone. After calculating the day’s trading zone, it may be necessary to shift the zone up or down, depending on prices during the first half-hour of trading.

Knowing the day’s trading zone before the market opens gives traders a big advantage over “seat of the pants” traders. People who enroll in my trading course receive the calculated support and resistance numbers for the following day by email. You can receive this information each evening by enrolling in my trading course using this link. As a bonus, you’ll receive a 10% discount when you enroll. 

If you’re not ready to enroll, but want to join my mailing list and receive information about my trading course, subscribe using this form.