Posted 7:15 a.m. The Emini sold off on the open from above Friday’s high. Friday had a small range so today could easily trade below Friday’s low and form an outside down day. The selloff had 6 bear bars and was deep enough to make a bull trend day unlikely today. Because there was a […]
Intraday market update: November 30, 2015
Ask Al: Why institutions sell when I buy a successful breakout
Emini weekend update Q&A: November 28, 2015 Something different this time on fading breakouts. While writing the Emini Weekly Update this weekend, and with the Emini at such an interesting position going into the month end, Al wanted to address a common question on “Why would the institutions fade the bull breakouts we have seen? […]
Emini weekend update: November 28, 2015:
Weekly candlestick pattern is a major trend reversal
Monthly S&P500 Emini futures candlestick chart: Double top in bull trend The monthly S&P500 Emini futures candlestick chart is forming a doji candlestick pattern, and there is only one trading day left in the month. The monthly S&P500 Emini futures candlestick chart has one trading day left in the month. The candlestick pattern in November […]
Intraday market update: November 25, 2015
Learn how to trade before a holiday
Posted 7:15 a.m. After an initial selloff to the 60 minute moving average and below yesterday’s double bottom, the bulls got an opening reversal up. However, the rally stalled in the middle of yesterday’s trading range. Although the Emini is Always In Long, it is still in Breakout Mode. Traders are buying low, selling high […]
Intraday market update: November 24, 2015
Learn how to trade a catalyst
Posted 7:11 a.m. Like yesterday, today began with a trend from the open bull trend, and like yesterday, it stalled after a few bars. The initial bull breakout can lead to a measured move up or down. If the move does not begin for 10 or more bars, the initial rally will lose influence and […]
Intraday market update: November 23, 2015
Learn how to trade a breakout attempt
Posted 7:07 a.m. Today began with reversals around yesterday’s close and in the middle of yesterday’s trading range. This is a limit order open and it increases the chances of another trading range day. Three of the past 4 days have been dojis. There have been no pullbacks and the Emini is near the top […]
Ask Al: Problems on road to trading profitability
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 […]
