Posted on August 12th, 2008 at 03:38 PM
A big part of being a successful trader is being able to change your perspective and look at things in a variety of ways. The more ways you have to evaluate the market, the more opportunities you'll have to take advantage of.
The Dow Jones eMini Futures gave a good example of why it's important to be able to look at things from different vantage points. The first image was the Stochastic Sell trade that popped up around 11:30 AM Pacific Time. Unfortunately, I missed the trade and had to watch as the market worked it's way lower; however, because I understand the four core Advanced GET Strategies, I was able to switch to a lower time frame (a one-minute chart) and take the subsequent XTL Breakdown Trade.
