Brief summary of Trades- Morning Session
The big intraday swings continue to offer great opportunities for short-term traders — regardless of the direction of the market.
The best trade of the day was simply to go long at Nat’s Control Line (we still haven’t found a good name for this; essentially this is the point where we expect the sentiment to change).
A long at the open at her Control line held through to the price reaching her next inflection point at 1923-26 had an initial drawdown of seven points but an eventual profit of more than 40 points, or a potential profit of $2,000 per contract.
Here is a link to the chat log for the day. 160114-transcript
Note that Nat’s live-voice directions are not recorded, unless they are repeated in the text chat.