In part 1, we laid down the foundation for band trading by reviewing the concept of trend and trend analysis. In this article, we will study some popular bands and channels. We’ll also analyze how bands can improve the reliability of signals without altering the overall trend profile and how they could be used to […]
Intraday market update, December 3, 2014:
Broad bull trend channel
Posted 7:15 a.m. Yesterday was a broad bull trend channel, and today had a new high on the open. The bulls want a rally above last week’s all-time high. The bears want a 60 minute major trend reversal after yesterday’s gap bars. Channels evolve into trading ranges 75% of the time. In 25% of bull […]
Intraday market update, December 2, 2014:
test of the island top
Posted 7:15 a.m. The Emini had an early bull breakout, but the rally stalled at the 60 minute moving average and yesterday’s high, creating a test of the island top. It is a strong enough breakout so that the reversal down will more likely lead to a trading range than a bear trend. The bulls […]
The Traders Expo, Las Vegas November 2014
Scalping the Emini Open
Al Brooks was one of the many distinguished speakers at the Traders Expo in Las Vegas, Nevada, USA. The event was held at Caesars Palace Convention Center with Al presenting on Saturday the 22nd. The presentation was recorded by the MoneyShow organizers, but sadly the video quality is not very good. We extend our apologies, […]
Intraday market update, December 1, 2014:
island top trend reversal
Posted 7:00 a.m. The Emini gapped down and sold off for the first several bars. It is always in short and this could become a bear trend day. The bulls need a strong reversal before bulls will consider swing trading. The selling is so strong that they will also be hesitant to scalp until the […]
Emini weekend update: November 29, 2014:
Another failed breakout of the all-time high
Monthly S&P500 Emini candle chart: Moderate follow-through buying, testing top of channel The monthly S&P500 Emini chart: Testing the top of the bull trend channel There was a failed breakout of the all-time high 3 times over the past 5 days, but the monthly S&P500 Emini chart’s candle closed today and it was a moderate […]
Intraday market update, November 28, 2014:
breakout of a tight trading range
Posted 10:30 a.m. Today completed a week-long wedge top. Day trading outlook for tomorrow’s Emini price action Today again sold off from a new all-time high. It was a trading range day, but it is the 3rd push up after Monday’s gap up and therefore might be followed by 2 legs down. Premarket price action […]
Why Band Trading Works: Part 1 — Trends
In this four article series, I will discuss why I believe that band trading works. My goal is to provide a concise overview of several band techniques and the strengths and weaknesses of each. To start the series, I will discuss trends – without which, bands would not work. In parts 2 and 3, I […]
Intraday market update, November 26, 2014:
breakout of a tight trading range
Posted 7:15 a.m. The Emini opened within a tight trading range, in a 2 day trading range, in light Holiday trading. The bears made 3 attempts to get down to the 60 minute moving average and failed. As I am writing, the bulls are now trying to reverse the market up, but they do not […]
Intraday market update, November 25, 2014:
failed breakout and major trend reversal
Posted 7:10 a.m. Today began with a failed breakout and major trend reversal. Yesterday was a small trading range day, and during a holiday week, trading range price action often dominates. Today broke above the all-time high and reversed down, forming a higher high major trend reversal on the open. It is also a final […]
