Posted 7:15 a.m. The Emini futures began with a trend from the open bear trend. Although some bars had tails, the selling was strong enough so that the first reversal up will probably be sold. The bulls hope to create an early trading range and then reverse the market up, like on April 30. However, […]
Intraday market update: May 5, 2015
Intraday market update: May 4, 2015
Intraday trading techniques at a breakout
Posted 6:53 a.m. The S&P Emini futures gapped above the top of the bull trend channel and rallied for several bars, creating a trend from the open bull trend. The first pullback will probably be bought. The Emini is Always In long. However, it is now at the top of the 3 month trading range […]
Ask Al: Trade management—position sizing
BPA trading room discussion: March 5, 2015 Discussion during webinar after potential first leg of bear channel was forming at about 08:11 PST. Al talked about trade management – in particular position sizing considerations – for traders who were scalping or swinging a trade from the start of the bear leg. Audio duration: 2min 45sec […]
Emini weekend update: May 2, 2015: The Futures trading strategy is to be ready for a failed bull breakout
Monthly S&P500 Emini candle chart: Futures trading strategy is to be ready for a correction The price action of the monthly Emini candle chart is sideways in a 6 month tight trading range. The bull trend is extremely overbought and will probably correct down to the moving average this year. However, there is no top […]
Intraday market update: May 1, 2015
Swing trading strategy for a wedge bull flag
Posted 7:05a.m. Yesterday ended with a 60 minute spike and channel bottom. The odds favor a 2 legged rally today on the 60 minute chart. This means that bulls will look to buy a pullback. Since the 60 minute chart is in a trading range, the pullback can be deep. Yesterday’s 60 minute bear channel […]
Intraday market update: April 30, 2015
Price action trading strategy in breakout mode
Posted 7:11 a.m. The Emini futures contract sold off on the open and tested last week’s low. This makes the week almost an outside down week, and last week’s breakout above the 3 month trading range on the weekly chart has failed. Although the bears have a reasonably strong breakout on the open and the […]
Intraday market update: April 29, 2015
Day trading tip is to trade the big move off the FOMC report
Posted 7:01 a.m. The Emini opened with a gap down and then a big reversal up. There were several days early in the month where there were big rallies and big bars on the open. Most quickly went sideways and some reversed. The Emini is Always In Long, but there have been several big reversals […]
Intraday market update: April 28, 2015
Day trading tip is to look for a 2 hour swing trade up
Posted 6:51 a.m. The bears got follow-through selling on the open, but the probability is that it will not last more than an hour. At that point, the bulls probably will take control for at least a couple of hours. Swing traders will look for a buy setup at any time in the first couple […]
Intraday market update: April 27, 2015
Trading strategies for a gap up to a new all time high
Posted 7:09 a.m. The Emini futures contract gapped up, but closed the gap on the 2nd bar. However, the tails below bars and the early bull bar made it more likely that this was a bear leg in what would become a trading range. The bulls created an opening reversal up from support (the moving […]
Ask Al: Bull scalping in a bear channel
BPA trading room Q&A: April 21, 2015 I bought above bar 35, going for two times risk, stop below bar 28. Ended up getting out during bar 52. How would you have managed this trade?Audio duration: 1min 45sec — Scroll down for image Audio transcript Whenever I see a lot of scalping going on, […]
