Two trade management examples BPA trading room Q&A: April 27, 2016 Question 1: I shorted above 66, okay, thinking that there might be a pullback for a scalp. Instead, I exited for a loss even after scaling in. Can you comment on this trade? Video duration: 5min 00sec You can also view this video on […]
Emini weekend update: June 11, 2016:
Learn how to trade candlestick patterns with weak price action
Monthly S&P500 Emini futures candlestick chart: Learn how to trade candlestick patterns with weak price action The monthly S&P500 Emini futures candlestick chart is breaking above the top of a 2 year trading range in an overbought bull trend. The monthly S&P500 Emini futures candlestick chart is breaking above a 2 year trading range.The odds […]
Intraday market update: June 10, 2016
Learn how to trade developing price action reversals
Posted 6:52 a.m. The Emini opened with a big gap down just below the open of the week, which will probably be a magnet all day. Two of the 1st 3 bars had bull bodies. A big gap usually limits the movement for the 1st hour or two, and this early trading range price action […]
Intraday market update: June 9, 2016
Learn how to day trade strong price action
Posted 6:53 a.m. The Emini opened below yesterday’s low, but immediately closed the gap. By trading below yesterday’s low, the Emini triggered the micro double top sell signal on the daily chart. Since yesterday was a bull day and there has only been one small bear day in the past 11 days, there has not […]
Intraday market update: June 8, 2016
Learn how to day trade weak candlestick tops
Posted 7:01 a.m. The Emini began with a Trend From the Open bull trend and a breakout above yesterday’s high. The bulls hope that this is a spike that will be followed by a channel up, forming a strong bull trend day. The bears see yesterday’s late selloff as strong. They will try to create […]
Intraday market update: June 7, 2016
Learn how to day trade expanding triangle tops
Posted 6:58 a.m. Yesterday spent a lot of time in tight trading ranges, and today began with limit orders bulls and bears making money. This is trading range price action, and it increases the chances of a lot of trading range price action for the rest of the day. Traders will be inclined to scalp […]
Intraday market update: June 6, 2016
Price action traders will buy put options
Posted 6:58 a.m. The Emini reached a new all-time high on the open in a Trend From The Open rally. The bulls hope for a bull trend day. The bears want the breakout to fail, but realize that the rally might last several hours before there is a reversal down. The rally is strong enough […]
Ask Al: Trading progress — getting rid of losers
Make trading progress: get rid of mistakes BPA trading room Q&A: March 23, 2016 Question: If it wasn’t for the occasional outsized loss, I would be in much better shape on most days. Do you think that knowing when to just take your loss immediately is one of the things that separates a success from […]
Emini weekend update: June 4, 2016:
Trade breakout mode price action
Monthly S&P500 Emini futures candlestick chart: Bull breakout of small pullback The monthly S&P500 Emini futures candlestick chart is breaking above a small bull flag at the top of a 2 year trading range. The monthly S&P500 Emini futures candlestick chart had May as a buy signal bar on the because it was a pullback […]
Intraday market update: June 3, 2016
Failed breakout price action for online day traders
Published 6:54 a.m. The Emini began with a trend from the open bear trend. The bears want to get 1 tick below yesterday’s low to trigger the sell signal. Since yesterday was a weak sell signal bar, there will probably be buyers below. The bulls are trying to prevent the sell signal from triggering They […]
