Emini and Forex Trading Update:Monday November 30, 2020 I will update again at the end of the day. Pre-Open market analysis Friday was a bear doji bar on the daily chart, but the momentum up 3 weeks ago was strong. Traders expect a new all-time high this week. In fact, today might even gap to […]
What trading account size do I need to trade?
A Forex trader, especially a day trader, probably can begin with a trading account size as small as $1,000. I have seen ads suggesting that an Emini trader can make money by day trading only a $500 account. I think that is a mistake. A beginning trader will probably lose for at least a year […]
Emini futures probably down on next 10% move. Also, Gold and Bitcoin updates.
Market Overview: Weekend Market Analysis The SP500 Emini futures has rallied strongly in November, but most of the bars on the daily chart have been weak. This makes the rally more likely to be a bull leg in a trading range that started in September, and the start of a measured move up. Emini futures […]
Emini inside day Wednesday and early close on day after Thanksgiving
Emini and Forex Trading Update:Friday November 27, 2020 I will update again at the end of the day. Pre-Open market analysis Wednesday was an inside day after a big bull trend day on the daily chart. It is therefore both a buy and sell signal bar for today. Some brokers show Thursday on their charts. […]
Emini testing November all-time high on Thanksgiving Eve
Emini and Forex Trading Update:Wednesday November 25, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday gapped up and rallied from a higher high double bottom on the daily chart. It was a bull bar that closed on its high. Because the all-time high is only 6.5 points above […]
Emini double top and double bottom in middle of November trading range
Emini and Forex Trading Update:Tuesday November 24, 2020 I will update again at the end of the day. Pre-Open market analysis By trading above Friday’s high yesterday, the Emini triggered a buy signal for a reversal up from the bottom of a 3-week trading range. But since Friday was a big bear bar, there were […]
Emini bear inside bars on daily and weekly charts at September high
Emini and Forex Trading Update:Monday November 23, 2020 I will update again at the end of the day. Pre-Open market analysis Friday was a bear inside day that closed near the low of the day. It is both a buy and sell signal bar for today. With the bear body, it is a stronger sell […]
How to Trade It: Al Brooks journey from eye surgeon to trader
How to Trade It podcast with Al Brooks In this episode of the How To Trade It Podcast with Casey Stubbs, Al won’t only be sharing how when he saw potential in trading, but he will also be sharing the following: ● Probability vs Risk● The parallel between fly-fishing and trading● What trading looked like […]
Emini consecutive bear bars on weekly chart at September high
Market Overview: Weekend Market Analysis The SP500 Emini futures market is stalling at the September high. There are bear inside bar sell signals on the daily and weekly charts. Bond futures are trying to reverse up from a double bottom on the weekly chart. But because the bear channel has been tight, a trading range […]
Emini reversing up from test of October 12 breakout point
Emini and Forex Trading Update:Friday November 20, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini collapsed on Wednesday but reversed up yesterday from just above the October 12 high. That is the breakout point for the rally 2 weeks ago. Yesterday is now a Breakout Test and […]
