Monthly S&P500 Emini futures candlestick chart: Overbought and in breakout mode The monthly S&P500 Emini futures candlestick chart remains in its 7 month trading range and in breakout mode. The monthly S&P500 Emini futures candlestick chart next week will be in its 38th consecutive month without touching the moving average. The S&P cash index has […]
Emini weekend update: August 1, 2015:
Emini market update: July 31, 2015
Day trading price action near the high
Posted 7:01 a.m. The selloff on the open was strong enough to make a bull trend day unlikely. Because today is the last day of the month and there are targets above, there is a higher probability of a late rally than on other days. The bulls are hoping that the early selling will be […]
Emini market update: July 30, 2015
Daytrading when the price action pattern is neutral
Posted 7:10 a.m. The Emini sold of sharply on the open and became Always In Short. The bulls want the selloff to lead to the low of the day. They hope for an opening reversal up from the micro double bottom at the 60 minute moving average and just above yesterday’s low. The selling was […]
Emini market update: July 29, 2015
Price action patterns after a report
Posted 7:13 a.m. Yesterday ended with a tight trading range, and today opened with sideways bars, prominent tails, and reversals. This increases the chances of trading range price action today before the 11 a.m. report. It is still Always In Long, but in breakout mode. The Emini reversed down from a 50% pullback of the […]
Emini market update: July 28, 2015
Trading price action in a trading range
Posted 7:19 a.m. The Emini opened with a trend from the open bear trend. Since the selloff fell almost 9 points, which is a lot, and the 60 minute moving average is just above, the odds of a bull trend day are less. Because the 60 minute chart is so oversold and tomorrow is an […]
Emini position sizing calculator
Introduction Position sizing is the component responsible for the variability of trading results. Two traders can trade the same instrument using the exact same entries and exits but implement different position sizing methods. The difference in their results will be significant. Futures traders trade leveraged instruments intraday. They frequently get into situations that require scaling […]
Emini market update: July 27, 2015
Candlestick pattern is an island top
Posted 7:37 a.m. Thursday and Friday formed early double top bear flags that broke below the low of the day and were followed by bear trend days. Today also formed an early double top bear flag, but the 60 minute chart is so oversold that bears have to reduce position sizes by buying back some […]
Ask Al: Always In trading and breakout scalps
BPA trading room Q&A: June 17, 2015 As a strict Always In trader, I got chewed up today, should I have assumed that the day was overall Always In Long and just stayed long with the stop below 16 or 22 until it clearly went Always In Short. How does a strict Always In trader […]
Emini weekend update: July 25, 2015:
Swing trading strategies when a breakout is likely
Monthly S&P500 Emini futures candlestick chart: Candlestick pattern will be clearer next week The monthly S&P500 Emini futures candlestick chart is in the middle of its 5 month trading range, and the candlestick pattern today is a doji. The chart is in breakout mode. The monthly S&P500 Emini futures candlestick chart has been above its moving […]
Emini market update: July 24, 2015
Trading price action after a sell climax
I will post around 7:29 a.m. The Emini had follow-through selling on the open, and the selling often lasts for an hour or two. While it is possible to last all day, that is unlikely. More likely, the bulls will create a good buy signal bar within the next hour, and then there will be […]
