Emini and Forex Trading Update:Wednesday May 27, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini gapped above the 200 day moving average and the 3,000 Big Round Number yesterday. It sold off and closed back at the 200 day moving average. Since it closed near its low, […]
Emini should breakout slightly above 200 day moving average
Emini and Forex Trading Update:Tuesday May 26, 2020 I will update again at the end of the day. Pre-Open market analysis Last week triggered a High 1 bull flag buy signal on the monthly chart when the Emini broke above the April high. The Emini spent the entire week in a tight range oscillating around […]
Emini oscillating around April high, just below 3,000 – 3,100 sell zone
Market Overview: Weekend Market Update The Emini should continue a little higher, but 3,000 – 3,100 is the Sell Zone for at least a 10% pullback. The monthly bond futures chart has an ii Breakout Mode pattern after an extreme buy climax. It will likely be mostly sideways in a tight range for several more […]
Emini trading around April high after triggering monthly buy signal
Emini and Forex Trading Update:Friday May 22, 2020 I will update again at the end of the day. Pre-Open market analysis Every day this week has traded around the April high. It might stay around the April high through the end of the month. The bulls want May to close far above the April high. […]
Emini weak Low 2 top above April high
Emini and Forex Trading Update:Thursday May 21, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini triggered a High 1 buy signal yesterday by going above Tuesday’s high. Since Tuesday was a bear bar, it was a weak buy setup. However, traders still expect the rally to reach […]
Emini pausing after triggering monthly and daily buy signals
Emini and Forex Trading Update:Wednesday May 20, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday was bear day on the daily chart after Monday’s strong rally. It is therefore a sell signal bar for a failed breakout above the month-long trading range. However, Monday’s rally was strong and […]
Emini triggered April monthly High 1 bull flag buy signal
Emini and Forex Trading Update:Tuesday May 19, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini triggered a High 1 bull signal on the monthly chart yesterday by going above the April high. This also theoretically stopped out the bears who shorted the wedge top on the daily […]
Emini might test 200 day moving average before reversing down
Emini and Forex Trading Update:Monday May 18, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini reversed down from a double top last week. Traders are wondering if the selloff is the start of a move down to 2600. However, the bulls see Thursday as the buy signal […]
Trade management — learn to manage your trades
This page is restricted for Trading Course members only. Please log in to view content. Username or E-mail Password Remember Me Forgot Password
Beginners should enter with stop orders
Beginners should only enter with stop orders. He often waits for many bars before he finally finds a trade that he is confident will make him money. He very often then watches the market reverse quickly and stop him out, and it occurs to him that he would have made a profit had he done the […]