Introduction Systematic trading is much more than trading based on a pre-determined algorithm. There are many parts in a trading system, and trading systems design of the system itself is only the strategic component of a trading program. Let’s illustrate its impact using an example. Although there are no secret trading strategies, meaning strategies […]
Proposed 2-day workshop and live trading event, updated May 16, 2022
To help meet the strong demand for Al Brooks to engage in live trading events, Al is considering holding a 2-day workshop in Orlando, Florida, on Wednesday and Thursday November 2nd and 3rd, 2022. We have been inundated with requests from traders all over the world to hold such events and we are expecting the event […]
Emini will likely reach February low
Trading Update: Thursday May 26, 2022 Emini pre-open market analysis Emini daily chart Emini bulls are trying hard to form a bottom and getting enough buying pressure to likely reach February low and the moving average. It looks like the bulls will reach those targets, but it might take until the end of next week. […]
Emini FOMC report today at 11:00 PT
Trading Update: Wednesday May 25, 2022 Emini pre-open market analysis Emini daily chart Today has the potential for a big move up or down due to the release of the FOMC report today at 11:00 PT. The bulls triggered a Low 1 by falling below yesterday’s bull bar on the daily chart. The market has […]
Emini bulls wanting rally to February 24 low
Trading Update: Tuesday May 24, 2022 Emini pre-open market analysis Emini daily chart Emini bulls wanting rally after getting a strong reversal up after last Friday reached the 20% correction (3,839.8) level. The bulls hope that the next couple of trading days will lead to a test of the February 24 low. The selloff down […]
Emini likely to rally after reaching 20% correction
Trading Update: Monday May 23, 2022 Emini pre-open market analysis Emini daily chart Emini likely to rally this week after market reached a 20% correction (3,839.8) on Friday. The market reached a 19% correction on May 12, however the odds were any bounce would be minor, and the market would have to fall below the […]
EURUSD Forex failed breakout from final flag
The EURUSD Forex pulled back after testing the 2017 low. The 10-day tight trading range from the end of April potentially is the final flag of the trend. Bulls want at least a 2 legged sideways to up pullback following a parabolic wedge (August 20, November 24, May 13) and a trend channel line overshoot.
likely be minor and traders expect at least a small second leg sideways to down after the pullback.
Nasdaq 50 percent retracement from pandemic low to all time high
Market Overview: NASDAQ 100 Emini Futures This week’s Nasdaq Emini candlestick is an outside bear bar with a close above last week’s low. This is the seventh consecutive week with a bear bar. The market is at a Nasdaq 50 percent retracement from the low of the pandemic to the all-time high. Buyers on higher time frame […]
S&P500 Emini bears follow through on weekly chart
The bears got a bear follow-through bar on the S&P 500 Emini futures weekly chart. There are 7 consecutive bear bars on the weekly chart, something that has not happened since February 2001. It increases the odds of a bull bar within the next 1- to 3-weeks.
pullback (bounce) would be minor.
Nifty 50 futures double bottom at bottom of trading range
Market Overview: Nifty 50 Futures The Nifty 50 futures on the weekly chart formed a double bottom at bottom of trading range which is also the bottom of a bull micro channel. Nifty 50 on daily chart still in the broad bear channel and forming wedge bottom near March month low which is strong support. Nifty 50 […]
DAX 40 double bottom in bear channel
Market Overview: DAX 40 Futures DAX 40 futures moved slightly higher last week with a DAX 40 double bottom in a bear channel. It is a tightening range so it’s breakout mode. It looks more bullish on the daily chart however with a possible higher low major trend reversal. The bulls want some follow through […]
FTSE 100 tight trading range at 20-week MA
Market Overview: FTSE 100 Futures FTSE 100 tight trading range with market moving sideways last week as traders decide on a direction. We have had at least 2 breakouts in either direction so we can expect more sideways trading next week. It is a tightening range on the daily which is favoring limit order traders […]
