BPA trading room Q&A: August 28, 2015 On your road to profitability, you sometimes had doubts that you can get there. Can you explain what got you through those tough times and, being that it’s such a personal journey at the same time, how did you communicate these issues to inquiring minds? Audio duration: 9min […]
Emini weekend update: November 21, 2015:
Learn how to trade a rally that might create a top
Monthly S&P500 Emini futures candlestick chart: Double top The monthly S&P500 Emini futures candlestick chart is testing the all-time high, creating a possible double top. The monthly S&P500 Emini futures candlestick chart reversed up from the 20 month moving average last month after 38 months above the average after forming a double bottom with the […]
Intraday market update: November 20, 2015
Learn how to trade the markets at resistance
Posted 7:09 a.m. The Emini began with a trend from the open bull trend. Although it is possible for the Emini to reverse abruptly down, it is more likely that the bears will need a major trend reversal or an endless pullback and then a bear breakout. Both would take at least 10 bars to […]
Intraday market update: November 19, 2015
Learn how to trade the markets below resistance
Posted 7:21 a.m. Despite the early rally, bears were able to make money selling with limit orders. This increases the chances of a trading range, and today will give day traders a chance to learn how to trade the markets below resistance. Nothing has changed from my comments before the open. The bulls might get […]
Intraday market update: November 18, 2015
Learn how to trade a bull flag
Posted 7:19 a.m. The Emini opened with a trend from the open bull trend, but with bad follow-through after strong bull bars. This is more common with rallies within trading ranges than in bull trends. There were several reversals and both bulls and bears made money several times scalping with limit orders. This is trading […]
Intraday market update: November 17, 2015
Learn how to trade after a buy climax
Posted 7:17 a.m. The Emini had a reversal down from above yesterday’s high and then an opening reversal up from the moving average. This created a breakout mode environment. Until there is a strong breakout up or down with strong follow-through, traders are quick to take profits and are selling above bars and buying below […]
Intraday market update: November 16, 2015
Learn how to trade the end of a pullback
Posted 6:54 a.m. The Emini reversed strongly up from below Friday’s low on the open. Although the bears want an opening reversal down from the 15 minute moving average and another lower high in their bear channel, the odds are that the reversal up was strong enough so that the 1st test down will be […]
Ask Al: Strong and weak bulls and bears
BPA trading room Q&A: September 18, 2015 Can you explain why, in a strong trend, the biggest bars are always in the opposite direction? Video duration: 3min 34sec You can also view this video on Al’s YouTube Channel if needed. Video transcript Always keep both bulls and bears in mind I do talk about it […]
Emini weekend update: November 14, 2015:
Learn how to trade a head and shoulders top
Monthly S&P500 Emini futures candlestick chart: Double double bottom bull flag and double top The monthly S&P500 Emini futures candlestick chart is forming a potential double top after a double bottom bull flag. The monthly S&P500 Emini futures candlestick chart stayed above the 20 month EMA for 38 months. That is a sign of strength […]
Intraday market update: November 13, 2015
Learn how to trade a sell climax in bull trend
Posted 7:10 a.m. The bears got follow-through selling on the open, and it sometimes lasts for an hour or two. While it is possible that today could be a big bear trend day, the odds are that the selling that began yesterday has been climactic enough to entice the bears into taking profits within the […]
