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Below the updates, you will see the original charts showing buy/sell zones
Published 7/17/17 8:30 am central:
Below you will find the 60 min bull/bear breakouts for 7/17/17 and start our week. Use these setups to find breakouts and/or reversals. One market that looks interesting is the Canadian Dollar. It is showing Bearish on 60 but bullish on all other time frames.
CLICK IMAGES TO ENLARGE
MDA SnapShot: 60 Minute Scanner – Bullish Breakouts
MDA SnapShot: 60 Minute Scanner – Bearish Breakouts
HOW I USE SCANNER:
I start my analysis each day to see what markets are making moves on this shorter time frame to see who is breaking out, or if counter trend trades are setting up. Once I have an idea of these longer time frames (weekly, Daily, 240min, 60min) I the use my charts with the profile tools to locate my trading entries if they match the setups we discuss. This analysis often lead to the MDA SnapShot alerts I send out in the newsletter or to clients I speak with on the phone. Stay Tuned.
For those who are new to the newsletter, or would like a refresher on this Market Action Scanner tool that I am using, visit my MDA webinar live “Recast” page below or attend the live weekly event. I start every session looking at Scanner and go through this process. We even have free trials to this tool if you are not using it.
MDA MEMBER TIP:
If you are only used to trading one market and are unfamiliar with the new markets scanner presents, use the Futures Calculator to help figure out risk/reward on the trades
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The post MDA SnapShot: Market Scanner Bull/Bear Breakouts 60 Min, 7/17/17 appeared first on Daniels Trading.
Andrew is a firm believer of, “knowing your second trade first.” This means ALWAYS having your risk defined each trade before entering the market, and being a disciplined enough trader to keep it.