Monthly S&P500 Emini futures candlestick chart:New all time high breakout The monthly S&P500 Emini futures candlestick chart had a new all-time high breakout. While the month has a long time before it closes, its current close is at a new high. The bulls need a strong close at the end of July. Furthermore, they need […]
New all time high breakout
Price action trading strategies after the unemployment report
Intraday market update: July 8, 2016
Price action trading strategies after the unemployment report: Update 6:51 a.m. The Emini opened with a big gap up but the 1st bar was a big bear bar. Furthermore, the next two bars had tails. The Emini is Always In Long and in a Trend From The Open bull trend, and there are magnets above. […]
Learn how to trade an expanding triangle
Intraday market update: July 7, 2016
Learn how to trade an expanding triangle: Updated 7:01 a.m. The Emini began with a Trend From The Open bull trend and rallied above last week’s high. Hence, it triggered a buy signal on the weekly chart. Because yesterday was climactic, the odds are that this initial rally will end after 5 – 10 bars. […]
How to trade online after a buy climax
Intraday market update: July 6, 2016
How to trade online after a buy climax: Updated 7:01 a.m. The Emini began with 3 bears bars, like yesterday. The bulls want a reversal up. This would therefore create an expanding triangle bottom. Because of the 3 bear bars, the bulls will probably need a 2nd entry before they can create the low of […]
Futures trading strategies for day trading
Intraday market update: July 5, 2016
Futures trading strategies for day trading: Updated 7:03 a.m. The Emini opened with a gap down and formed a Trend From the Open bear trend. There was a sell vacuum test of the 60 minute moving average. While this might become the low of the day, the bulls will need a series of bull bars […]
Ask Al: Live trading room commentary
Live trading room commentary sample BPA trading room Q&A: March 28, 2016 Question: I am stuck! Do you have a live trading room where we can look over Al’s shoulders or others who are consistent like him to APPLY in REAL-TIME what we have learned? Believe me, I don’t need to ask questions, just listen […]
Reversal Emini candlestick pattern
Emini weekend update: July 2, 2016
Monthly S&P500 Emini futures candlestick chart:Hesitation at the all-time high The monthly S&P500 Emini futures candlestick chart had a doji candlestick pattern in June after 2 small sideways months. Although there have been 5 consecutive bull months, the bears have been able to prevent a strong breakout. The monthly S&P500 Emini futures candlestick chart started […]
Buy climax intraday trading techniques
Intraday market update: July 1, 2016
Buy climax intraday trading techniques: I will post around 7:01 a.m. The Emini opened with a trend from the open bull trend. There is a 25% chance of another strong bull trend day. This is the 18th consecutive 60 minute bar without a pullback. There is a 75% chance that this bull breakout above yesterday’s […]
Futures trading strategies after a buy climax
Intraday market update: June 30, 2016
Futures trading strategies after a buy climax : Posted 7:02 a.m. The Emini opened around yesterday’s close and traded sideways with big bars and prominent tails. This is trading range price action. Although today is probably not going to be a bull trend day, it still might be a bear trend day. However, after such […]
Day trading strategies after a sell climax
Intraday market update: June 29, 2016
Day trading strategies after a sell climax: Updated 6:57 a.m. The Emini opened with a big gap up at a 50% retracement of the selloff and the June 16 low. The 5 minute chart is overbought. Hence, it is more likely to go sideways to down for the 1st hour or two. Also, whenever there […]