Just a quick weekend snapshot of the longer term picture as we approach a 50-60% macro retrace....
With a potential decline to the 1080 level, a complex correction lis likely along the way.

And for the longer term investments, make sure you keep your perspective clear...
A premium buying opportunity, or beginning of a major correction?

Nice day of trading, the ES gave a clear setup after a strong move.  I'm normally a bit cautious after a strong am session, as things can slow down quickly, but I figured we had to run a few more stops below the lows and we did.

Got our 1 point within 90 minutes of the bell.

If you are just getting started with a Demo account, I would suggest downloading ThinkorSwim by Ameritrade.   They have a great free platform and the best part is it runs on a mac.

There are a few drawbacks relating to delayed quotes, but for the most part a new trader is not going to find a better platform, and it's hard to beat FREE.

Click here to Visit their site and check it out.

Most of my trade pictures will be taken from this platform.  

This Blog's mission is simple.  Show traders how to make 1 point from trading each day.  

Why only 1 point?

It's simple really, because most new traders cant even achieve that, they are trying to make 10-20 points each day, and end up losing money.

Every day, I will post what I see in the market including my trades and my market observations, hopefully this will help you get closer to reaching your goals.

-The 1 Pt Trader