Good morning, traders! The election is behind us, and it’s time to refocus on the markets. Yesterday was packed with fantastic trading opportunities, and we captured some excellent trades. If you missed out, we’ve got free classes on YouTube to help you get caught up.

Remember, trading carries risk, so please avoid using funds you can’t afford to lose. Let’s jump into today’s market outlook, post-election.

Market Overview:

The market is rallying with strong momentum, but I’m waiting for a slight pullback to enter at a more favorable level. Right now, I see promising long signals, and I’m aiming to enter around 5930.50 or better. Here’s my approach:

• Limit Orders and Target Setting: I’m entering with limit orders to avoid getting in too high. I’ve set targets and stops to manage risk and reward effectively.
• Risk and Target Strategy: With a 1x ATR setting and a 4-point target, I’m looking at roughly $200 per e-mini contract. If you’re trading multiple contracts, simply multiply to estimate potential returns.
• Patience and Timing: I always wait for the right price—no market orders here. Entering at a specific or slightly better price can greatly impact the overall result.

Trade Management and Timing: I like trades that move in my favor promptly. If a trade starts moving sideways without progress, I often exit at break-even or a small gain/loss, keeping the account moving forward.

Leveraging the Sonic System for Price Action: The Sonic system gives real-time signals, allowing you to manage trades with confidence. Whether you’re new or experienced, the live trading room is a great place to learn, ask questions, and understand each trade’s purpose.

Second Trade Setup – Long at 5933.75: Another signal has appeared, and I’m cautiously waiting for a strong entry point to go long. Each trade varies in timing, targets, and price action, so patience is key.

Trade Management Tips:

• Risk-Reward Balance: Always avoid setups where the risk is greater than the reward.
• Exiting Sideways Trades: If a trade stalls, exiting may be wiser than holding indefinitely.
• Improving Entry Price: Enhancing your entry price can increase your potential for a successful outcome.

Final Trade Plan:

In today’s session, I’ll demonstrate three trades in sequence, showing how to apply the Sonic system in real-time. This system lets traders manage their trades with flexibility on entries, stops, and targets.

Your Path to Trading Success: With price action trading, you learn to read the market’s movements rather than relying solely on indicators. This lets you make informed, timely decisions. Remember, you don’t need many trades to succeed—two or three well-managed trades with the right signals can make a difference.

Want to Learn More? Dive deeper with our mentorship program and free membership at DayTradetoWin.com. The Sonic system and price action training offer a solid foundation for any trader looking to grow their skills.

Trade smart, manage your risks, and see you in class!