Missing swing trades BPA trading room Q&A: April 5, 2016 Question 1: I did not sell once between 48 and 58 since I constantly was thinking near support, trading range bottom on the left. Any advice on this? Video duration: 7min 33sec Big up, big down So he did not sell between 43 and 58. […]
December FOMC Fed interest rate hike
Emini weekend update: December 10, 2016
Monthly S&P500 Emini futures candlestick chart:Strong bull breakout before the December FOMC Fed interest rate hike The monthly S&P500 Emini futures candlestick chart has a bull trend bar this month. This is therefore good follow-through buying after last month’s big outside up bar. The monthly S&P500 Emini futures candlestick chart closed at a new all-time […]
futures.io webinar: Losing because of mistakes
Stop losing when a good trade goes badCorrecting mistakes Here is Al’s full webinar replay with futures.io (ex Big Mike Trading). Video duration 1hr 24min. Webinar topics Bad psychology False beliefs about how markets work Bad trade selection Using wrong stop Managing swing like a scalp Managing scalp like a swing Presentation date Date: Thursday […]
Trump rally buy climax causing profit taking
Intraday market update: December 9, 2016
Trump rally buy climax causing profit taking I will update around 6:46 a.m. Today’s open continued yesterday’s late, weak rally. Because yesterday had Gap Bars, the odds are that this early rally will lead to an attempt at a major trend reversal in the 1st hour or 2. Since there are 6 consecutive bull bars, […]
President Trump Christmas rally resumed yesterday
Intraday market update: December 8, 2016
President Trump Christmas rally resumed yesterday Updated 6:52 a.m. While the Emini rallied for the 1st bars, all were dojis. In addition, the stairs pattern from the last 2 hours of yesterday continued. The pullback fell below the breakout point. Therefore, limit order bears are continuing to make money by scaling in above highs. This […]
Trump rally resumption might form double top
Intraday market update: December 7, 2016
Trump rally resumption might form double top Updated 6:50 a.m. Yesterday had a wedge top. The bulls then got a climactic breakout of that top. This created consecutive wedge tops. The 60 minute chart has nested wedges. Furthermore, this is at the top of an 11 day trading range. This increases the chances of sideways […]
Emini trading range before FOMC Fed interest rate hike
Intraday market update: December 6, 2016
Emini trading range before FOMC Fed interest rate hike Updated 7:00 a.m. While the Emini sold off on the open and is Always In Short, the bulls bought after 4 bars. This is more likely a bear leg in a trading range than the start of a strong bear trend day. The 60 minute moving […]
Trump rally pausing before Fed interest rate announcement
Intraday market update: December 5, 2016
Trump rally pausing before Fed interest rate announcement Updated 6:55 a.m. While the Emini gapped above Friday’s high, which is the neck line of the 2 day double bottom, it failed to create bull bars on the 1st 2 bars. That lowered the probability of a trend from the open bull trend. The context is […]
Ask Al: Trading maximum position size
When to trade maximum position size?BPA trading room Q&A: July 6, 2016 Question: Do you ever enter trades at your maximum size, or do you always allow for a possibility of scaling in?Audio duration: 2min 15sec Context rules – size accordingly A lot of times, I just do my maximum size. Like in this kind […]
Trump rally pausing before Fed FOMC interest rate hike
Emini weekend update: December 3, 2016
Monthly S&P500 Emini futures candlestick chart:Strong bull breakout, but possible exhaustion gap The monthly S&P500 Emini futures candlestick chart formed a big outside up month in November. It closed at a new all-time monthly high. Because of the 3 pushes up from February, bears will try to create a reversal down from a parabolic wedge […]
