Entering pullbacks BPA trading room Q&A: March 18, 2015 Question: I have trouble working out when to enter on a pullback directly above or below the prior bar, or one point above or below. I want to wait for a deeper pullback, like a 50 percent pullback before entering. Any tips on when to get […]
Emini weekend update: April 30, 2016:
Learn how to trade a failed buy climax candlestick pattern
Monthly S&P500 Emini futures candlestick chart: Failed breakout above trading range The bar on the monthly S&P500 Emini futures candlestick chart closed today. It was a reversal bar, but the bar had a bull body and it followed a big bull trend bar. The bar on the monthly S&P500 Emini futures candlestick chart closed today, […]
Intraday market update: April 29, 2016
Sell climax candlestick pattern so trading range price action
Posted 7:00 a.m. The bears got follow-through selling on the open. The chance of a big bear trend day is 25%. There is still a 75% chance of at least a 2 hour trading range that starts before the end of the 2nd hour. When there is a Sell The Close open after a big […]
Intraday market update: April 28, 2016
Day traders see candlestick pattern as final flag top
Posted 7:01 a.m. The Emini reversed up sharply after a dip below the bottom of the FOMC bull reversal, and became Always In Long. The bears tried for an Opening Reversal down from the moving average and a 50% pullback, but the rally was strong enough to make this a low probability bet. It is […]
Intraday market update: April 27, 2016
Candlestick patterns and price action after an FOMC report
Posted 7:01 a.m. The Emini reversed up from a test of yesterday’s low, but lacked follow-through. Yesterday was a tight trading range. The Emini has not yet done enough to convince traders that it is about to have a swing up or down. It might reach a measured move up or down, based on the […]
Update on Al’s recent surgery
Hi, everyone, My doctor today gave me the path report from last week’s surgery, and I have enough information to now talk about my medical problem. I was diagnosed with prostate cancer several weeks ago, and had a radical prostatectomy last week. Jerry Brown, John Kerry, and Colin Powell also have prostate cancer and appear […]
Intraday market update: April 26, 2016
Learn how to trade TR price action before FOMC
Posted 7:10 a.m. The Emini gapped above yesterday’s high triggering a High 1 bull flag buy signal on the daily chart. Limit order bears could not make any money in the 1st 30 minutes. Even though the Emini has had a series of buy climaxes since the last hour of yesterday and it testing the […]
Intraday market update: April 25, 2016
Day traders see a weak bull flag candlestick pattern
Posted 7:09 a.m. The Emini tested yesterday’s low, but stalled in yesterday’s lower trading range. While the Emini is Always In Short, the initial sell signal bar at the high of the day had a bull body and it was not quite at the moving average. This happens more often in a trading range than […]
Ask Al: What breakthrough to become successful trader
Becoming a successful trader BPA trading room Q&A: November 13, 2015 Question: What is the breakthrough that you have gone through to become a successful trader? Video duration: 3min 28sec You can also view this video on Al’s YouTube Channel if needed. Indicators based on bars–so watch the bars! For me, the single biggest change […]
Emini weekend update: April 23, 2016:
Candlestick pattern is a Final Bull Flag
Monthly S&P500 Emini futures candlestick chart: Small breakout to new all-time high The monthly S&P500 Emini futures candlestick chart broke to a new all-time high this week, but pulled back. There is still a week left to the month. The month could become a big bull trend bar or a bear reversal bar. It probably […]
