Posted 7:03 a.m. The Emini found buyers below yesterday’s low, which was likely, but the bulls have not yet been able to get a strong bull breakout. The early trading is a continuation of Friday’s trading range price action, and it increases the chances of a lot of trading range price action today. While it […]
Intraday market update: February 29, 2016
Ask Al: Revenge trading
Revenge trading advice for beginner trader BPA trading room Q&A: September 16, 2015 Al, what is your advice for a beginner trader for avoiding revenge trading and breaking our rules after we lose a few trades in a day? Audio duration: 4min 43secs Good advice for ALL traders My thought: It doesn’t matter if […]
Emini weekend update: February 27, 2016:
Learn how to trade a bear rally
Monthly S&P500 Emini futures candlestick chart: Weak buy signal The candlestick on the monthly S&P500 Emini futures candlestick chart closes on Monday. February will be a weak buy signal candlestick pattern going into March. The monthly S&P500 Emini futures candlestick chart is in a bull trend, but it had an extreme buy climax that ended […]
Intraday market update: February 26, 2016
Learn how to trade a climactic breakout
Posted 6:55 a.m. The Emini gapped up, but sold off on the open. Three of the 1st 4 bars were dojis. This is trading range price action, and it increased the chances for more trading range price action for the rest of the day. This is a trading range open. Online day traders want to […]
Intraday market update: February 25, 2016
Day traders expect a pullback in today’s price action
Posted 7:03 a.m. The Emini had a buy climax at the open that reversed down strongly from a wedge top. The 2 strong bear bars made the Emini Always In Short. Since yesterday’s bull channel was so tight, the odds are that the selloff will lead to a trading range rather than a bear trend. […]
Intraday market update: February 24, 2016
Learn how to trade a price action at support
Posted 7:12 a.m. The Emini got follow-through selling on the open, which happens about 50% of the time when there is a big gap down. There is a 75% chance of a trading range or early low of the day and only a 25% chance of a continued selloff. If there is a 2 hour […]
Intraday market update: February 23, 2016
Futures trading strategy at resistance
Posted 7:05 a.m. Yesterday was a sell signal bar for a double top with the February 1 high, and for a wedge rally over the past 2 weeks. The odds were that today would trigger the short by going below yesterday’s low, and then traders would look for either a selloff or a reversal up. […]
Intraday market update: February 22, 2016
Learn how to trade breakout price action
Posted 7:15 a.m. As I expected, the Emini went above the February 1 lower high early today. It is Always In Long and in a trend from the open bull trend. Five of the 1st 6 bars were small, which is a sign of trading range price action. A big gap up that rallies on […]
Ask Al: Perfect trade setups
BPA trading room Q&A: August 17, 2015 About the 15-minute chart, I find watching the inside bar breakup to be reasonable with a 15-minute chart, what do you think? Audio duration: 8min 54secs A perfect trade setup on the 15min chart? So he’s saying, like, bar 6, maybe it’s a reasonable buy. Bar 17. […]
Emini weekend update: February 20, 2016:
Learn how to trade bullish price action at resistance
Monthly S&P500 Emini futures candlestick chart: Bull flag after buy climax The monthly S&P500 Emini futures candlestick chart is still in a tight trading range after a buy climax. There are 6 days left to the month. Although the candlestick pattern is currently a reversal bar this month, it might look completely different once the bar […]
