Posted 7:19 a.m. The Emini began with a trend from the open bear trend, but yesterday was a trading range, and the bulls are hoping this is just a sell vacuum test of yesterday’s low and the June low. The selloff fell below last week’s low and triggered the monthly sell signal, but the odds […]
Intraday market update: July 7, 2015
Intraday market update: July 6, 2015
Traders learning how to trade the markets expecting a reversal
Posted 7:15 a.m. The Emini rallied from the open and is Always In Long. However, bear scalpers have been making money with limit orders, which increases the chances that the rally might have a deep pullback or that there might be a trading range soon. The bulls need to get strongly above the moving average […]
Ask Al: Going for Points vs Structured Good Trades
BPA trading room Q&A: May 8, 2015 How many points would you say a beginner should shoot for in a day and in a month? On average, how many are you able to make in a month, looking at what is realistic? [Slang info: To «make your nut» is to break even, anything beyond that […]
Emini weekend update: July 4, 2015:
Price action trading strategies for a buy climax
Monthly S&P500 Emini futures candlestick chart: Strong bull trend, but now in tight trading range The monthly S&P500 Emini futures candlestick chart had a strong bear trend bar last month, which is a sell signal bar in a buy climax. The monthly S&P500 cash index candlestick chart is in its 37th month without touching its moving average. […]
Intraday market update: July 2, 2015
Day trading strategies for a late rally
Posted 7:23 a.m. The Emini had an early sell setup for the 2nd entry on the failed breakout above yesterday’s high, but it formed in a tight trading range and in a tight bull channel. Although this is a possible high of the day, the odds are that there will be buyers late in the […]
Intraday market update: July 1, 2015
Learn how to trade breakout mode price action
Posted 7:25 a.m. The Emini gapped up above yesterday’s high and created a two day island top. The bears want the breakout above the neckline of the 60 minute double bottom to fail. This would be a type of wedge bear flag. However, the dominant force working on the market is the sell climax. After […]
Intraday market update: June 30, 2015
Learn how to trade a pullback
Posted 6:56 a.m. The Emini gapped up to around a 50% pullback of yesterday’s range and got immediate follow-through selling. However, the gap up was so big that the odds favor a trading range day (big down, big up, big confusion). Although the Emini is Always In short, bulls will look for an opening reversal […]
Intraday market update: June 29, 2015
Learn how to trade a breakout
Posted 7:01 a.m. The bulls reversed up strongly enough from the big gap down to make the Emini Always In Long. However, the follow-through on the 2nd and 5th bars was bad and it increases the chances of an early trading range. The bulls want to close the gap below yesterday’s low as a sign […]
Ask Al: Paper trading a simulated account
BPA trading room Q&A: May 15, 2015 Al, what do you think about paper trading in a simulated account? Once a trader knows how to use the platform, is it a help or a hindrance to become a profitable trader? I sim trade a lot, and I’m not sure if it has a positive effect. […]
Emini weekend update: June 27, 2015:
Price action trading strategy for bearish candlestick pattern
Monthly S&P500 Emini futures candlestick chart: 80% chance of 10% pullback this year The monthly S&P500 Emini futures candlestick chart is extremely overbought, but there is no sign of a top. This month’s candlestick closes on Tuesday, and it might be a bear inside bar and therefore a sell signal bar. The monthly S&P500 Emini […]
