Posted 7:13 a.m. The Emini had a gap down and traded below yesterday’s low, but the 1st 5 bars had big tails below and were in a tight trading range. The Emini reversed up from a small double bottom for a failed breakout below yesterday’s low and a possible low of the day. The rally […]
Intraday market update: March 29, 2016
Intraday market update: March 28, 2016
Learn how to trade after a buy climax
Posted 6:52 a.m. Thursday was a buy climax and today opened with a selloff from above Thursday’s high, even though Thursday was a buy signal bar on the daily chart. The odds are that the Emini will enter a trading range for the 1st 2 hours today, and then decide between trend resumption up and […]
Ask Al: Always In trading with less stress
Always In trading too stressful?BPA trading room Q&A: August 10, 2015 Do you have any ideas on how to make “Always In” trading less stressful or less strainful?Video duration: 2min 55sec You can also view this video on Al’s YouTube Channel if needed. Always In — Two ways to lower stress Not really. I […]
Emini weekend update: March 26, 2016:
Learn how to trade a channel bear breakout
Monthly S&P500 Emini futures candlestick chart: Testing top of trading range The monthly S&P500 Emini futures candlestick chart has another week before this month closes, and the month so far is a strong bull trend bar. The monthly S&P500 Emini futures candlestick chart has a week to go before the candlestick closes. Although the candlestick […]
Intraday market update: March 24, 2016
Pullback price action for day traders
Posted 6:55 a.m. Today opened with a big gap down to around a measured move down based on yesterday’s range, and around the low of the bull channel of the past week. The bears failed to get continued early selling. This increased the chances for a sideways to up move to the moving average. The […]
Intraday market update: March 23, 2016
Learn how to trade a topping candlestick pattern
Posted 7:01 a.m. The day began with a gap below yesterday’s close and 4 consecutive bear trend bars. However, the tails were prominent and there was a lot of overlap, and limit order bulls were able to make money twice in the 1st 5 bars. This increases the chances that this is a bear leg […]
Intraday market update: March 22, 2016
Learn how to trade the end of a buy climax
Posted 7:07 a.m. The Emini opened with a gap down, and it formed a 3 day expanding triangle bull flag at the 60 minute moving average. It had a 2nd entry buy signal and a big bull entry bar closing on its high. The day is Always In Long, and there is currently a 50% […]
Intraday market update: March 21, 2016
Day trading tip is to expect profit taking
Posted 7:02 a.m. The Emini rallied for the 1st 3 bars and then had 2 big dojis. This is disappointing price action, and it increases the chances of a trading range day, like Friday. Today might trade both above and below Friday. If this opening rally continues, it will probably be a bull leg in […]
Ask Al: Staying upbeat losing money
Staying upbeat after losing money for so long BPA trading room Q&A: March 11, 2016 Do you have any advice for staying upbeat throughout the years while losing money? I’ve been losing money for nine straight years and it gets hard to maintain a positive attitude. Video duration: 3min 47sec You can also view this […]
Emini weekend update: March 19, 2016:
Learn how to trade consecutive buy climaxes
Monthly S&P500 Emini futures candlestick chart: Strong bull breakout above double bottom, but still in trading range The monthly S&P500 Emini futures candlestick chart this month so far has a big bull trend bar, but the rally is still in the bull flag. The monthly S&P500 Emini futures candlestick chart has rallied strongly for the […]