ioi breakout mode candlestick pattern: I will update around 6:58 a.m. The Emini opened with 4 bars with prominent tails within yesterday’s range. This increases the chances that the 3 day tight trading range will grow. While the odds favor today trading either below yesterday’s low, above its high, or both, the probability is that […]
ioi breakout mode candlestick pattern
Emini bull flag after Turkey Coup
Intraday market update: July 18, 2016
Emini bull flag after Turkey Coup: I will update around 6:55 a.m. Today opened within Friday’s trading range. The 1st 3 bars had prominent tails. This is a continuation of Friday’s trading range price action, and it increases the chances of a lot of trading range price action today. Friday was an outside down day […]
Ask Al: Al Brooks podcast at 52 Traders
Dominating price action, probability, and where to buy vs sell A podcast special event this week with Al Brooks by Cam Hawkins of the 52 Traders website. Podcast was first published on July 13, 2016, and replicated here with the kind permission of the producer Cam. In the podcast Al revealed to Cam: 3 indicator […]
How to trade a breakout to an all time high
Emini weekend update: July 16, 2016
Monthly S&P500 Emini futures candlestick chart:How to trade a breakout to an all time high The monthly S&P500 Emini futures candlestick chart is breaking strongly above a 2 year trading range. The monthly S&P500 Emini futures candlestick chart has a big bull breakout bar above a 2 year trading range. While there are still 2 […]
S&P500 60 minute chart wedge top reversal
Intraday market update: July 15, 2016
S&P500 60 minute chart wedge top reversal: I updated 7:02 a.m. Like every day this week, the Emini sold off early. Because yesterday was a small range day, today could trade below its low and become an outside down day. As a result of the early selling in an overbought market, the odds favor sideways […]
Bull flag candlestick pattern coming soon
Intraday market update: July 14, 2016
Bull flag candlestick pattern coming soon: Updated 6:50 a.m. The Emini opened with a big gap up at the top of the 60 minute wedge bull channel. It also tested a measured move up from yesterday’s range. It reversed down over the 1st several bars and is Always In Short. Because the bear bars had […]
Trading S&P breakout to new all-time high
Intraday market update: July 13, 2016
Trading S&P breakout to new all-time high: Update 6:57 a.m. The Emini opened on its high tick above yesterday’s high and sold off in a trend from the open bear trend. It is Always In Short. The bulls want an opening reversal up from the bottom of yesterday’s tight trading range. The odds are that […]
How to trade a new S&P all-time high
Intraday market update: July 12, 2016
How to trade a new S&P all-time high: Updated 7:10 a.m. The Emini gapped up to the top of the 60 minute bear channel. The 1st 3 bars were bull bars and formed a Trend From The Open bull trend. Because the bars were not big, the bulls were somewhat hesitant. Also, the Emini is […]
S&P cash index new all time high
Intraday market update: July 11, 2016
S&P cash index new all time high: Updated 6:53 a.m. The Emini gapped up on the daily and weekly charts to a new all-time high. The 1st bar was a big bull trend bar and it was followed by 2 bull dojis. While the odds are against a big bull trend day, this has been […]
Ask Al: Trading size with one or two one-point scalps a day
A few one-point scalps each day? BPA trading room Q&A: April 11, 2016 One-point scalps are a hot topic. Questions keep coming from traders so this extract gives more discussion along with chart scalp examples.Question: In your first book you say that a person can make a decent living by taking a one point scalp, […]