BPA trading room Q&A: April 8, 2015 A lot of times that I’m in a trade at the end of a five-minute bar, especially at a pivotal moment, I find myself rooting and hoping for a great close for my side. Do you ever do that? Or if you overcame that for the most part, […]
Emini weekend update: May 23, 2015: Learn how to trade a breakout to a new high
Monthly S&P500 Emini futures candlestick chart: Swing traders are still long The monthly S&P500 Emini futures candlestick chart is overbought, but the tight channel bull trend has no sign of a top yet. The monthly S&P500 Emini futures candlestick chart is continuing its small pullback bull trend, but it is very overbought. There is a […]
Intraday market update: May 22, 2015
Price action trading strategies at an all time high
Posted 7:45 a.m. The Emini reversed up from below yesterday’s trading range, but there was no immediate follow-through buying. The bears wanted an opening reversal down from the moving average. This is a trading range open, and since yesterday was also a trading range, it increases the chances of a lot of trading range price […]
Intraday market update: May 21, 2015
Futures trading strategies for a failed breakout
Posted 7:15 a.m. The Emini opened just above yesterday’s low, but the reversal up was weak. Since it was within yesterday’s trading range and the signal bar and reversal were weak, the odds of an early trading range are high, and as they are for a lot of trading range price action today. The Emini […]
Intraday market update: May 20, 2015
Intraday trading strategies for a weak sell signal
Posted 7:15 a.m. The Emini sold off on the first bar to below yesterday’s low and the 60 minute moving average, but had weak follow-through and it is at the bottom of a 2 day trading range. While this might be the start of a big bear trend day, a trading range day is more […]
Intraday market update: May 19, 2015
Intraday trading strategies for a buy climax
Posted 6:54 a.m. Yesterday had a spike and channel bull trend, which is usually evolves into a trading range. Today sold off to below the bottom of the channel and reversed up sharply in a big doji bar. This is trading range price action, and it may be forecasting a lot of trading range price […]
Intraday market update: May 18, 2015
How to trade futures when a breakout is weak
Posted 7:04 a.m. The Emini opened within Friday’s tight trading range and began with more tight trading range price action. Swing traders are waiting for a strong breakout with follow-through up or down. The Emini broke above Friday’s all-time high by 1 tick and immediately pulled back. This has been a limit order open and it […]
Ask Al: Fundamentals, mathematics, computers, and my job as trader
BPA trading room Q&A: May 25, 2011 Where did all that selling come from? (Bars 70-81). I know big traders and computers will short above swing highs expecting points like bar 28 to be tested, and to take profits, but it just keeps going. I don’t understand why. Did bears just hold because bar 76 […]
Emini weekend update: May 16, 2015:
How to trade futures at a new high
Monthly S&P500 Emini futures candlestick chart: Small breakout of 6 month tight trading range The monthly S&P500 Emini futures candlestick chart is breaking above a 6 month trading range. The monthly S&P500 Emini futures candlestick chart has been above its moving average for 34 months and there is an 80% chance that it will touch […]
Intraday market update: May 15, 2015
Learn how to trade a new high
Posted 7:35 a.m. Today is a Friday and the Emini will pay attention to weekly support and resistance in the final hour. The most important prices are the all-time high of 2 weeks ago, and the open of the week, which is also the February high. Although the Emini opened at a new all-time high, […]
