Posted 7:23 a.m. The Emini began with reversals, big bars, and a tight trading range. This was a limit order open and it increased the chances of a lot of trading range price action today, whether or not there is a trend up or down. The Emini reversed up from a wedge bottom at yesterday’s […]
Intraday market update: December 14, 2015
Ask Al: Still learning—getting emotional
BPA trading room Q&A: May 13, 2015 When you were still learning and working on minimizing emotions, did you try to avoid excitement or feeling good about winning because, in turn, that may make you upset about losing? I’ve noticed this and was curious about your take on it.Audio duration: 1min 51secs Starting out […]
Emini weekend update: December 12, 2015: Learn how to trade a sell signal
Monthly S&P500 Emini futures candlestick chart: Double top The monthly S&P500 Emini futures candlestick chart triggered a double top sell signal by falling below last month’s low. The monthly S&P500 Emini futures candlestick chart traded below the November low. This triggered a monthly sell signal for a double top with the July all-time high. November was a […]
Intraday market update: December 11, 2015
Online day traders are waiting for a catalyst
Posted 7:12 a.m. The Emini opened with a big gap down and then had trading range price action. The bears want a selloff today to below the November low and the September high. The bulls want a reversal up from above those levels. When there is a big gap down, the Emini often goes mostly […]
Intraday market update: December 10, 2015
Online day traders will watch for a breakout
Posted 7:09 a.m. The Emini continued its trading range price action from yesterday. Day traders need to see a strong breakout with follow-through up or down. The bears want a breakout below yesterday’s low and then a swing down. The bulls want a breakout above the 60 minute moving average and a swing up. Without […]
Intraday market update: December 9, 2015
Futures trading strategies in a triangle
Posted 7:05 a.m. The Emini began with a strong reversal up from below yesterday’s trading range. The bears see the stall at the 60 minute moving average as another opening reversal down from the 60 minute moving average, like yesterday. However, the reversal up was strong enough so that the Emini is Always In Long […]
Intraday market update: December 8, 2015
Learn how to trade a sell signal on the daily chart
Posted 7:05 a.m. The Emini gapped below yesterday’s low and sold off on the 1st bar, but reversed up strong strongly. The follow-through has been disappointing, which is a reminder that yesterday’s trading range price action and the trading range price action on the daily chart are still important influences. This increases the chances for […]
Intraday market update: December 7, 2015
Learn how to trade consecutive doji candlestick patterns
Posted 7:15 a.m. The day opened with a 8 bar bear micro channel. However, the follow-though has not been strong. The entire leg down from yesterday’s high has had many bull bars, and it is therefore more likely a bull leg in what will become a trading range than a bear trend. A trading range […]
Ask Al: Breakout pullbacks trading 4 point stop for 1 point scalp
BPA trading room Q&A: September 4, 2015 I trade breakout pullbacks. I always need three or four-point stops to make one to two points. Is that acceptable? Video duration: 5min 13sec You can also view this video on Al’s YouTube Channel if needed. Video transcript Scalping breakout pullbacks with wide stops I do that all […]
Emini weekend update: December 5, 2015:
More trading range price action next week
Monthly S&P500 Emini futures candlestick chart: Double top, and more trading range price action next week The monthly S&P500 Emini futures candlestick chart is forming a double top with the July all-time high. The monthly S&P500 Emini futures candlestick chart has only had 4 trading days this month so the monthly chart is unchanged from […]
