BPA trading room Q&A: August 28, 2015 I’ve been trading pullbacks — high probability, low-risk entries. Can I make a living trading pullbacks? Video duration: 1min 54sec You can also view this video on Al’s YouTube Channel if needed. Video transcript Trading pullbacks for a living? Absolutely, but a lot of them are hard. Today, […]
Emini weekend update: December 19, 2015:
Learn how to trade an early bear trend
Monthly S&P500 Emini futures candlestick chart: Sell signal The monthly S&P500 Emini futures candlestick chart fell below last month’s low, triggering a sell signal for a double top with the July high. There are almost 2 weeks remaining in the month. The bears want the month to close on its low while the bulls want […]
Intraday market update: December 18, 2015
Al is away today for Mom’s 102 birthday!
My mother turns 102 on Saturday. She is still incredibly bright and reads constantly. She cannot hear well, and can no longer walk, but is happy and healthy. She was born when Henry Ford introduced the assembly line and in the year that the crossword puzzle was invented. Women could not vote, and they just […]
Intraday market update: December 17, 2015
Tip of the day is to expect profit taking
Posted 6:53 a.m. The Emini sold off strongly on the open from just above yesterday’s high. This is probably the start of 2 hours of sideways to down trading. The selling was strong enough to make a bull trend day unlikely. There is about a 75% chance that today will be either a trading range […]
Intraday market update: December 16, 2015
Learn how to trade when volatility is high
Posted 7:15 a.m. The Emini gapped up, but went sideways, and limit order traders made money buying and selling for the 1st many bars. This increases the chances of more trading range price action over the next couple of hours, and possibly right up to the 11 a.m. report. Traders will be cautious this morning, […]
Intraday market update: December 15, 2015
Learn how to trade follow-through price action
Posted 7:13 a.m. The Emini gapped up and began with a trend from the open bull trend. It stalled at the 60 minute bear trend line and formed a couple of bear bodies. When there is a big gap up and then a loss of momentum, the odds of a small pullback bull trend drop. […]
Intraday market update: December 14, 2015
Learn how to trade a sell climax at support
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 […]
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 […]
