March Monthly Template Mid Point ReviewE-mini Dow Jones Industrial Average Index FuturesCBOT_MINI:YM1!Dow_Jones_MaestroNow that March is officially half way through with two weekly templates completed, the market is giving me some clues on how it wants to finish the month. One major clue is the creeping trend into the low of month that also coincides with 250. Creeping trends resolve themselves in only two ways. It capitulates and blows off in the direction of the creep. In this case, it will capitulate with a sell off, which will signal the low and a buying opportunity. The second way is a reversal. The creeping trend is building order flow, getting traders to sell down low into the low of month in which they will flip the books and wipe out the shorts. The second major clue is last week's high on Tuesday and the space it created between the monthly open with the orange line. This is a good target for price to hit. The third clue is the monthly ATR. The average monthly ranges are around 2200 ticks. So far, we have gone 2800 ticks. We are extended. Because this monthly template looks to me a range bound cycle and not a trending cycle, I will be looking to fade the lows by buying near the low of month. The final, fourth clue is FOMC. It is not a coincidence that this week's cycle has the FOMC on Wednesday near the low of the month. Get everybody bearish selling low into the lows of the month and then wipe them away. So far, March has been good to me with only 8 trades. 3 losses and 5 wins using my 2.5R system. I am up a nice 9.77R with a 62%-win rate so far. At first, I was using a 150 tick stop and a 400-tick target, but I switched it over to a 180 tick stop and a 450-tick target. Below is a zoom in on the first two weekly templates One technique that I love to use is the space technique. Whenever you see price deliberately create space between a key level, this is their sign they will clear it out later. How I like to trade is to buy near the low of day or sell near the high of day. I use a combination of the 1-hour chart for the weekly templates and the 15-minute chart for the daily templates. Here is the 15-minute chart zoomed out of the weekly template Here is the 1 Hour chart of the same weekly template When day trading, you want to buy at the low of the day AND in the direction of the 1 hour 20sma. You want to sell near the High of Day AND at or near the 1 hour 20sma. Location is everything. The 1 hour chart is king when day trading. It reveals the weekly template, the 1 hour 20sma, the high or low of the day's and the weekly highs/lows. I only use these two timeframes as that is all you need. Eliminate analysis paralysis using multiple timeframe analysis. Let Monday trade and just observe. Monday gives you all the information you need. Only trade Tuesday, Wednesday and Thursday. Don't bother with Friday as it is a trap day. Use this day for review and reflection. You can be wildly profitable only having a three day work week. No trades Friday, Saturday, Sunday or Monday.