When to trade maximum position size?BPA trading room Q&A: July 6, 2016 Question: Do you ever enter trades at your maximum size, or do you always allow for a possibility of scaling in?Audio duration: 2min 15sec Context rules – size accordingly A lot of times, I just do my maximum size. Like in this kind […]
Trump rally pausing before Fed FOMC interest rate hike
Emini weekend update: December 3, 2016
Monthly S&P500 Emini futures candlestick chart:Strong bull breakout, but possible exhaustion gap The monthly S&P500 Emini futures candlestick chart formed a big outside up month in November. It closed at a new all-time monthly high. Because of the 3 pushes up from February, bears will try to create a reversal down from a parabolic wedge […]
President Trump rally pulling back to August high breakout point
Intraday market update: December 2, 2016
President Trump rally pulling back to August high breakout point Updated 6:50 a.m. The Emini opened in the middle of the 60 minute moving average above and the August high below. Further more, it began with a bear doji, a rally, and reversal. It is therefore neutral and deciding whether to test support or resistance. […]
President Trump Christmas rally stalling before FOMC meeting
Intraday market update: December 1, 2016
President Trump Christmas rally stalling before FOMC meeting Updated 6:49 a.m. The Emini is having a trading range open. It tested the low of the 5 day trading range on the open. The bears see Tuesday’s low as the neck line of a double top. They therefore want a breakout and measured move down. Most […]
Limited resumption of the President Trump rally
Intraday market update: November 30, 2016
Limited resumption of the President Trump rally Updated 6:48 a.m. While the Emini gapped above yesterday’s high and broke to a new all-time high, the first bars were small. Furthermore, trend resumption up after a bear breakout below a protracted bull micro channel typically lasts 3 – 5 days. The odds are that the Emini […]
Christmas year end rally pullback
Intraday market update: November 29, 2016
Christmas year end rally pullback Updated 6:51 a.m. The bulls tried to rally from above yesterday’s low and the 60 minute moving average, but failed at the 5 minute moving average. The day began with limit order bull and bear scalpers making money. This looks like a continuation of the trading range trading of the […]
Stock market buy climax pullback
Intraday market update: November 28, 2016
Stock market buy climax pullback Updated 6:59 a.m. The Emini reversed up from below Friday’s low on the open. Hence, this is the 1st pullback in a 12 day bull micro channel. The bulls want an outside up day and therefore another new all-time high. Yet the rally was weak, as was the initial selloff. […]
Ask Al: Tight stops selling wedge top
Tight stops with wedge top setups BPA trading room Q&A: April 1, 2016 Question: Will you explain again, with context, why selling 68 high for a scalp is a good trade, for a stop four to five ticks above. With context, when is it not a good trade? Video duration: 2min 57sec You can also […]
President Trump stock market rally will pull back next week
Emini weekend update: November 26, 2016
Monthly S&P500 Emini futures candlestick chart:Outside up month The monthly S&P500 Emini futures candlestick chart has an outside up month in November. The bulls want it to be a Measuring Gap, while the bears hope it will be an Exhaustion Gap. The monthly S&P500 Emini futures candlestick chart traded below October’s low and above its […]
President Trump stock market rally became buy climax
Intraday market update: November 23, 2016
President Trump stock market rally became buy climax I will update around 6:46 a.m. After yesterday’s buy climax, today gapped below yesterday’s close. There is a 50% chance that the bulls will try to rally for an hour or two. Yet, there is a 75% chance of at least 2 hours of sideways to down […]
