Posted 7:16 a.m. The Emini began with overlapping bars and many reversals. This increases the chances of a trading range day, which was already likely. The Emini is in breakout mode. Traders are looking for a breakout with good follow-through in either direction, and then they will expect at least a measured move, based on […]
Intraday market update: August 11, 2015
Intraday market update: August 10, 2015
Intraday trading strategies when there is a gap up
Posted 7:22 a.m. The Emini had a strong bull bar on the open and then a trend from the open bull trend, but the follow-through after the 1st bar was bad. This increased the chances of a sideways to down pullback to get closer to the moving average. However, when there is a gap up […]
Ask Al: Trading 1-point scalps for a living
BPA trading room discussion: July 28, 2015 Given the many questions about 1-point scalping strategies in the trading room, BPA forums, course feedback, and elsewhere, Al took the chance to discuss topic during the daily webinar. A follow up comment two days later is also appended to clarify the 1-point scalp topic with an example […]
Emini weekend update: August 8, 2015:
Price action trading strategy is to expect a rally
Monthly S&P500 Emini futures candlestick chart: Tight trading range, expect breakout soon The monthly S&P500 Emini futures candlestick chart is in a tight trading range and it will have an breakout up or down soon. The monthly S&P500 Emini futures candlestick chart has not touched its 20 month exponential moving average in 38 months. Using this as […]
Emini market update: August 7, 2015
How to trade online when the market is oversold
Posted 7:50 a.m. The Emini opened with big bars and many reversals, creating a big tight trading range. Risk was big and probability was low, and traders were entering with limit orders, betting breakouts would fail. They were selling above bars and buying below, and scalping. The Emini was oscillating below the moving average and […]
Emini market update: August 6, 2015
Learn how to trade futures in a trading range
I will post around 7:24 a.m. The Emini began with a trend from the open bear trend. The bulls hope that the selloff will lead to an early low of the day. There is a 2 day wedge bull flag, a parabolic wedge, and an expanding triangle. However, after 7 bars without a pullback, the […]
Emini market update: August 5, 2015
Learn how to trade a big gap
Posted 7:08 a.m. The bulls had a trend from the open bull trend, but there were tails and bad follow-through, which reduce the chances of a big early rally. Although the Emini is Always In Long, this rally so far is weak, and that increases the chances that the Emini will be sideways for an […]
Emini market update: August 4, 2015
Options trading for a bearish candlestick pattern
Posted 7:49 a.m. The Emini had a reversal up and a reversal down in the 1st 5 bars, creating a breakout mode candlestick pattern just below the 60 minute moving average, which was resistance yesterday. Day traders are looking for a breakout up or down, and then a measured move. Although the Emini broke above […]
Emini market update: August 3, 2015
Learn how to trade the market in breakout mode
Posted 7:37 a.m. The bulls got a lower low major trend reversal on the open after a brief sell climax. The reversal up was not strong, and the bears created a double top bear flag and a triangle at the moving average. The day started in breakout mode, and both sides needed a breakout with […]
Ask Al: Backtesting
BPA trading room Q&A: March 17, 2015 An article said backtesting is the first step to becoming a profitable trader. Do you agree with this and how do you advise a beginning trader to start? Audio duration: 6min 9sec Audio transcript Backtesting is more complex than traders think Every now and then, somebody brings […]
