Supplementing income with trading BPA trading room Q&A: April 1, 2016 Question: I’m a senior looking to supplement my pension by trading. I’m not just looking to make a fortune, just a steady, consistent income. Do you think it’s better for me to scalp, or swing trade, or should I do some of both? Video […]
Emini weekend update: May 28, 2016:
Price action shows bull trend resumption after small bull flag
Monthly S&P500 Emini futures candlestick chart: Strong reversal up from sell signal The monthly S&P500 Emini futures candlestick chart has one trading day left. The bulls have a 50% chance of turning May into an outside up month (with a low below April and a high above April) with a close at a new all-time […]
Intraday market update: May 26, 2016
Day trading tip is buy pullback after bullish price action
I am on leave Thursday and Friday, and will not do an intraday update on Thursday. I am writing Wednesday night and the market might look very different once it opens on Thursday. Pre-Open Market Analysis S&P 500 Emini: Day trading tip is to buy a pullback after bullish price action Breakout of High 2 […]
Intraday market update: May 24, 2016
Learn how to trade second signal candlestick patterns
Posted 6:56 a.m. The Emini gapped above yesterday’s high and had a Trend From The Open Bull Trend for several bars. The rally was strong enough so that bulls will probably buy the 1st reversal down. It was also strong enough to make a bull trend day more likely than a bear trend day. Today […]
Intraday market update: May 23, 2016
Weak price action in buy candlestick pattern
Posted 6:53 a.m. The Emini began with limit order trading around yesterday’s close and in the middle of yesterday’s trading range. The bulls were hoping that yesterday’s late rally was the start of a 2nd leg up. The bears wanted another lower high in the bear channel that began early yesterday, and they want to […]
Ask Al: Market profile for trading
BPA trading room Q&A: March 30, 2016 Market profile is a popular trading system for many and Al was asked whether or not he uses it in his trading. Audio duration: 4min 12secs Market profile not for everyone! Somebody asked about market profile. Do I use market profile in my trading? I spent a […]
Emini weekend update: May 21, 2016:
Learn how to trade failed candlestick patterns
Monthly S&P500 Emini futures candlestick chart: Weak sell signal The monthly S&P500 Emini futures candlestick chart had a weak sell signal last month after a very strong rally. So far, the sell entry bar is also weak. Regarding the monthly S&P500 Emini futures candlestick chart, I have been saying since the end of April that […]
Intraday market update: May 20, 2016
Learn how to trade a buy candlestick pattern
Posted 6:45 a.m. The Emini gapped up, but the gap was small, the tails were prominent, and the 1st bodies were not big. The gap still might become a measuring gap. However, this price action increases the chances for a trading range open where the Emini forms a double top and a double bottom over […]
Intraday market update: May 19, 2016
Learn how to trade monthly a sell signal
Posted 7:02 a.m. The Emini had an expanding triangle bottom and then a higher low major trend reversal at the end of yesterday. The bulls tried for an early reversal up from another higher low today, but the rally failed at the moving average. It then had an Opening Reversal down for a possible high […]
Intraday market update: May 18, 2016
Price action for day traders at support
Posted 7:10 a.m. The Emini began with a Small Bear Breakout of a Small Bear Breakout, which is a type of wedge bottom. The wedge began 11 a.m. yesterday. This is a breakout mode setup that can lead to a measured move up or down. The rally on the open had a couple of big […]
