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Emini should test 2600 in June but might test 3000 first
Market Overview: Weekend Market Update Traders should expect the Emini to fall to 2600 in June. However, there is a 50% chance that it will rally to the 200 day moving average and 3,000 first. Bond futures have been in a tight trading range for 8 weeks. They should fall to the March 18 low […]
Emini has outside down week and breakout below double top
Emini and Forex Trading Update:Friday May 15, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini reversed up yesterday after breaking below the May 4 low. That is the neckline of the 3 week double top. Yesterday is now a High 2 bull flag buy signal bar for […]
Emini outside down week and micro double top
Emini and Forex Trading Update:Thursday May 14, 2020 I will update again at the end of the day. Pre-Open market analysis The bears got 2 big bear days this week. The Emini turned down from just below the top of the wedge on the daily chart. This week traded above last week’s high and then […]
Emini consecutive outside bars so May oo breakout Mode pattern
Emini and Forex Trading Update:Wednesday May 13, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini yesterday traded above Monday’s high and then below its low. It was therefore an outside down day. What is interesting is that Monday was an outside up day. Consecutive outside days (an […]
Emini outside up day testing April High
Emini and Forex Trading Update:Tuesday May 12, 2020 I will update again at the end of the day. Pre-Open market analysis Yesterday was an outside up day, which is a sign of strong bulls. The key price is the April high. The bulls will probably break above it this week and maybe today. That would […]
Emini testing April high but test of 2600 soon
Emini and Forex Trading Update:Monday May 11, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini is deciding what to do with the April high. There is a High 1 bull flag on the Monthly chart. The buy signal triggers if May goes above the April high. Last […]
Ask Al: Is trading more difficult due to algorithms?
Trading with algorithms and what returns to expect Okay. This is a question that comes up every now and then. Has trading become more difficult with the algorithms and what returns can a good trader expect? Trading room audio extract — Friday May 8, 2020 Algorithms challenge traders To be honest, I think the trading […]
Trading psychology and the importance of happiness
Trading psychology impacts market psychology and has more to do with behaviors that you can change than it does with therapy. If you are going to be doing this for a long time, you have to enjoy it. I love my job and have for more than 30 years, and I still look forward to […]
Trend reversals
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