Posted 7:38 a.m. The Emini closed the June 29 gap on the daily chart and formed a trend from the open bull trend. However, the follow-through was bad and it was a limit order open. Traders bought below bars, sold above, and scalped. When there is a breakout mode open, the probability for a stop […]
Intraday market update: July 13, 2015
Ask Al: Scaling in, gaps, and stops
BPA trading room Q&A: June 17, 2015 I bought the 36 low going for a two-point scalp, using a five-point stop. Planning to scale in two points lower. I ended up and exited at the 41 close. Can you comment on this and review your trades? Video duration: 5min 48sec Video transcript Trade management: Scaling […]
Emini weekend update: July 11, 2015:
Emini and stock market trading at support
Monthly S&P500 Emini futures candlestick chart: Triggered the sell signal, but needs strong entry bar The monthly S&P500 Emini futures candlestick chart triggered a sell signal by falling below last month’s low, but the bears need a strong entry bar. There is still a long time before this month’s candlestick closes, and it could even […]
Intraday market update: July 10, 2015
Learn how to trade futures as a swing trader
Posted 7:15 a.m. The Emini opened with many dojis. This is a trading range open, and it increases the chances that the Emini will go sideways to down to the moving average and then bounce and enter a trading range. It also increases the chances that today will spend a lot of time within tight […]
Intraday market update: July 9, 2015
Intraday trading techniques at support
Posted 7:35 a.m. The Emini opened with a big gap up, but closed the gap above yesterday’s high within the first 15 minutes and entered a tight bear channel. When there is a big gap up, the Emini usually has to go sideways to down until it gets closer to the moving average, which is […]
Intraday market update: July 8, 2015
Best candlestick patterns need follow-through
Posted 7:15 a.m. The Emini opened in the middle of yesterday’s range and began with a trend from the open bear trend. The bears want another breakout below the June low for another monthly sell signal. The bulls expect that this is a trading range day and expect that the test down is a bear […]
Intraday market update: July 7, 2015
Learn how to trade futures after a sell climax
Posted 7:19 a.m. The Emini began with a trend from the open bear trend, but yesterday was a trading range, and the bulls are hoping this is just a sell vacuum test of yesterday’s low and the June low. The selloff fell below last week’s low and triggered the monthly sell signal, but the odds […]
Intraday market update: July 6, 2015
Traders learning how to trade the markets expecting a reversal
Posted 7:15 a.m. The Emini rallied from the open and is Always In Long. However, bear scalpers have been making money with limit orders, which increases the chances that the rally might have a deep pullback or that there might be a trading range soon. The bulls need to get strongly above the moving average […]
Ask Al: Going for Points vs Structured Good Trades
BPA trading room Q&A: May 8, 2015 How many points would you say a beginner should shoot for in a day and in a month? On average, how many are you able to make in a month, looking at what is realistic? [Slang info: To “make your nut” is to break even, anything beyond that […]
Emini weekend update: July 4, 2015:
Price action trading strategies for a buy climax
Monthly S&P500 Emini futures candlestick chart: Strong bull trend, but now in tight trading range The monthly S&P500 Emini futures candlestick chart had a strong bear trend bar last month, which is a sell signal bar in a buy climax. The monthly S&P500 cash index candlestick chart is in its 37th month without touching its moving average. […]
