This is going to be a really brief post but I wanted to throw in an update from the trade from last week. Obviously it has reversed (which is positive for those who are going long), but I wanted to show this chart so you can see how structure plays a role in where the market likes to go.  Big rally, followed by some consolidation at structure. Followed by another rally, and now I expect the market to consolidate once again.  If you are able to get a good idea of where the market wants to go, then it makes it a lot easier to stomach longer term trades as well as intelligently manage your stops and targets.  

P.S. Starting next Monday I will be working with Triple Threat Trading & T2 University running a live trading room. There will be a free 2 week trial so please check it out. 

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