Emini and Forex Trading Update:Thursday April 30, 2020 I will update again at the end of the day. Pre-Open market analysis I have been saying that the Emini probably had to test the weekly EMA before there would be a 2 – 3 week pullback. The 7 week bull micro channel is extreme and it […]
Emini wedge top in April for minor reversal down
Emini and Forex Trading Update:Wednesday April 29, 2020 I will update again at the end of the day. Pre-Open market analysis There is an FOMC announcement today at 11 a.m. PST. That often leads to a big move up or down. However, there will probably not be any surprises from the meeting. There are now […]
Emini weekly buy signal but at 20 week EMA
Emini and Forex Trading Update:Tuesday April 28, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini triggered a weekly buy signal yesterday by going above last week’s high. The most important factor currently is the 20 week EMA. There is a 6 week bull micro channel on the […]
Weekly Emini High 1 bull flag just below EMA
Emini and Forex Trading Update:Monday April 27, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini is in a bull trend on both the weekly and daily charts. Last week was an inside bar on the weekly chart. It is therefore a High 1 bull flag buy signal […]
Ask Al: Brazil price action community video podcast
Video duration 1hr 6min. Podcast first published January 28, 2020 by Portal Price Action, Brazil, for the Brazilian Brooks Price Action community. Brazil’s legion of Al Brooks price action fans FELIPPE: Hi, Al. How are you? AL: I’m very well, Felippe. Thank you for inviting me. FELIPPE: Thank you for being here, for attending this […]
Ask Al: Remdesivir Antiviral Drug News
Video duration: 12min 22sec Trading room breaking news What’s the news? I don’t know, and I don’t care, but it’s certainly a good bar for the bears. You’ve got a Head and Shoulders Top – left shoulder, head, right shoulder. I did nothing here, and I was too slow to sell that. That happened too […]
Emini weekly High 1 bull flag in April buy climax
Market Overview: Weekend Market Update The Emini should test down to 2500 – 2600 in May. There is a wedge top on the daily chart. But there are High 1 bull flag buy signals on both the daily and weekly charts. There will probably be one more brief leg up to the 20 week EMA […]
What should my trading position size be?
A beginner is quick to do the math. “If I make $100 a day with one contract, I will make $2 million a year with 100 contracts!” He is too quick to think about using big trading position size. Even when he starts out, trading what he thinks is a small position, he is usually […]
Emini doji candlestick on weekly chart just below weekly EMA
Emini and Forex Trading Update:Friday April 24, 2020 I will update again at the end of the day. Pre-Open market analysis The Emini tested the open of the week and sold off yesterday. Today is Friday so weekly support and resistance can be important, especially in the final hour. Therefore, the open of the week […]
Price action is genetically based
Charts are the same as 100 years ago Now that computers dominate trading and markets are international, a common topic is whether the behavior of markets has changed. The movement on charts is called price action and it is a reflection of human behavior. Like all behavior, it is genetically based. People have always wanted to make […]
