I decided to edit an excerpt from this morning's traderoom session, mostly due to popular demand (someone requested it) but also, because I gave a thorough explanation of the type of setup I look for. As was explaining it, I literally talked myself into taking the trade which you will see live in the traderoom. Afterwards, I talked about other setups I really like. One in particular I taught during the recent Wealth 365 presentation I gave.
Don't forget to visit our blog, the BackpackTrader.com and our YouTube Channel, Netpicks Trading Desk. You can find the post that goes with this podcast here, My Favorite Trade -- Head Fakes Make Money.
Bye!
