{"id":24360,"date":"2014-06-20T07:58:09","date_gmt":"2014-06-20T14:58:09","guid":{"rendered":"https:\/\/brookstradingcourse.com\/?page_id=24360"},"modified":"2018-05-26T00:52:42","modified_gmt":"2018-05-26T07:52:42","slug":"intraday-market-update","status":"publish","type":"page","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/intraday-market-update\/","title":{"rendered":"Intraday market update"},"content":{"rendered":"

The Emini intraday market update is to help those ES traders who cannot be in the trading room<\/a> all day, but still would like confirmation of what is going on. The market usually has a clear Always In direction between 8 am and 10 am (PST), which usually leads to a swing that lasts for two or more hours and often a trend for the rest of the day. The intraday report is only available to logged-in members until after the market close when it is opened to all.<\/p>\n

My goal with the intraday market update is to let ES traders know my opinion of the trend early enough for them to place swing trades. Many days are trading range days, and knowing that is important as well because then traders will be more confident selling in the top third and buying in the bottom third of the day’s range.<\/p>\n

The Emini intraday market update is for Members only until after the close when it will be available to everyone. Members can look for the update post just after 6:20am (PST).<\/p>\n

I often refer to bar numbers instead of times. There are 81 bars on the 5 minute chart each day. When I refer to time, I use PST (Pacific Standard Time). Since I am usually also placing trades in my own accounts at these times, I have to type the update quickly. This means I may sometimes use abbreviations (see below). However, I will try to avoid abbreviations to make the report easier to read by others who are also busy trading at the saem time.<\/p>\n

You can view the latest Emini update reports here: Intraday market updates<\/a>.<\/p>\n

Traders can see the end of the day bar-by-bar report by signing up<\/a> for free at BrooksPriceAction.com. There I talk about the detailed Emini price action real-time throughout the day in the BrooksPriceAction.com where a 2 day free trial<\/a> is available.<\/p>\n

Abbreviations for intraday market updates and BPA.com end of day report<\/h2>\n

1BFF One Bar Final Flag
\n 1P First Pause or Pullback in a strong trend
\n 20GB Twenty Gap Bars, Twenty consecutive bars that have not touched the moving average
\n 2BR Two Bar Reversal
\n 2E Second Entry
\n 2EB Second Entry Buy
\n 2ES Second Entry Sell
\n 2HM Two hours from moving average
\n 2LD Two Legs Down
\n 2LSD Two Legs Sideways or Down
\n 2LSU Two Legs Sideways or Up
\n 2LU Two Legs Up
\n 2S Second Signal
\n 2SB Second Signal Buy
\n 2SS Second Signal Sell
\n 3LD Third Leg Down
\n 3LU Third Leg Up
\n 4d Four consecutive bear bars and is therefore too strong for a long
\n 4u Four consecutive bull bars and is therefore too strong for a short
\n 5T (5t F) Five Tick Failure: the market reversed at 5 ticks
\n 60MA 60 minute 20 bar Exponential Moving Average
\n ? Possible
\n A2 A two legged PullBack to the Exponential Moving Average in a trend
\n A22 A second entry in a two legged Pullback to the Exponential Moving Average in a trend
\n AI Always In
\n AIA Always In Aggressive trader (takes every reversal, about 10 per day)
\n AIC Always In Conservative trader (only takes the strongest reversals, about 2-5 per day)
\n AIL Always In Long
\n AIS Always In Short
\n AR Actual Risk
\n ATH All Time High
\n ATM At the Money option strike price
\n B Buy or Long, depending on context
\n BA Buy Above or Buyers Above
\n BAG Breakaway Gap, the first gap of any kind after a trend reversal (only certain in hindsight)
\n BB Buy Below or Buyers at the low of the bar and probably scaling in lower
\n BB2 Better to wait for a Strong Bull Breakout or Second Entry Buy
\n BBS Bulls will scale in lower, bears will scale in higher
\n BBSA Buyers Below, Sellers Above
\n BD Bars Down
\n BDBU Big Down, Big Up
\n BDBUTR Big down + big up = big confusion = TradingRange likely
\n BE Breakeven
\n Bg Buying
\n BGP Buying Pressure
\n BLSH Buy Low Sell High
\n BLSHS Buy Low, Sell High, and Scalp
\n BLTR probably Bull leg in Trading Range and not in bull trend
\n BO Breakout
\n BOM Breakout Mode
\n BOP BreakOut Point
\n BOUD Breakout Up or Down
\n BP Breakout Pullback
\n BPs Breakout Pullbacks
\n Brs Buyers
\n BRTR probably Bear leg in Trading Range and not in bear trend
\n BT Breakout Test or Bought, depending on context
\n BTC Buy the Close
\n BTs Breakout Tests
\n BTW Better To Wait for higher probability or for easier to manage
\n BU Bars Up
\n BUBD Big Up, Big Down
\n BUBDTR Big up + big down = big confusion = TradingRange likely
\n BV Buy Vacuum
\n BW Barb Wire
\n BWBOUD Better to wait for a breakout up or down
\n BWT Better Wait for Tomorrow
\n BX Buy Climax
\n BXS Buy Climaxes
\n C Close
\n CBX Consecutive Buy Climax
\n CBXS Consecutive Buy Climaxes
\n CC consecutive
\n Cd Closed
\n CH Channel
\n CLM Close of Last Month
\n CLW Close of Last Week
\n CLYR Close of Last Year
\n CM Close of Month
\n COD Close of Day
\n COH Close on High
\n COL Close on Low
\n COLM Close of Last Month
\n COLW Close of Last Week
\n COM Close of Month
\n COT Close of Today
\n COW Close of Week
\n COY Close of Yesterday
\n CS Closes
\n CSX Consecutive Sell Climax
\n CSXS Consecutive Sell Climaxes
\n CT Countertrend, against the trend of the past several bars or even of the entire day
\n CY Close of Yesterday
\n DB Double Bottom, which can even be two consecutive bars with identical lows
\n DBBF Double Bottom Bull Flag, a horizontal pattern that contains a DoubleBottom and forming after a possible bottom
\n DBs Double Bottoms, which can even be two consecutive bars with identical lows
\n DD Doji Day
\n DL Dueling Lines
\n DP a DoubleTop PullBack or a DoubleBottom PullBack
\n DPs a DoubleTop PullBacks or a DoubleBottom PullBacks
\n DT Double Top, which can even be two consecutive bars with identical highs
\n DTBF Double Top Bear Flag, a horizontal pattern that contains a DoubleTop and forming after a possible top
\n DTs Double Tops
\n EB Entry Bar
\n EBs Entry Bars
\n EG Exhaustion Gap, a gap at any kind at the end of a trend, just before a reversal (only certain in hindsight)
\n EMA Exponential Moving Average (I use a 20 bar)
\n EOD End of Day
\n EOM End of Month
\n EOW End of Week
\n esp especially
\n ET Expanding Triangle
\n ETs Expanding Triangles
\n F Fail, Failure
\n FD Failed
\n FF Final Flag, usually a horizontal pattern after a trend. The breakout often fails and reverses
\n FFs Final Flags
\n FG Failing
\n FS Fails
\n FT Follow Through
\n FTCL Failed Trend Channel Line
\n G Gap
\n G2 A second entry on a gap setup
\n GB Gap Bar
\n GBs Gap Bars
\n GT Gap Test
\n H High or High of Day
\n H1 One legged pullback in a bull move
\n H2 Two legged pullback in a bull move
\n H3 Three legged pullback in a bull move
\n HD High of Day
\n HH Higher High
\n HH MTR Higher High Major Trend Reversal (a top)
\n HHs Higher Highs
\n HL Higher Low
\n HL MTR Higher Low Major Trend Reversal (a bottom)
\n HLM High of Last Month
\n HLs Higher Lows
\n HLW High of Last Week
\n HLYR High of Lasst Year
\n HM High of Month
\n HOD High of the Day
\n HOLM High of Last Month
\n HOO High of opening range
\n HOT High of Today so far
\n HOW High of Week
\n HOWL High of Last Week
\n HOY High of Yesterday
\n HOYR High of Year
\n HP High Probability
\n HPW Higher Probability to Wait for
\n Hr Higher
\n HRP Higher Probability
\n Hs Highs
\n HSB Head and Shoulders Bottom, a continuation pattern in both bull and bear markets that sometimes is a reversal pattern
\n HSBs Head and Shoulder Bottoms, continuation patterns in both bull and bear markets that sometimes are reversal patterns
\n HST Head and Shoulders Top, a bull continuation pattern in both bull and bear markets that sometimes is a reversal pattern
\n HSTs Head and Shoulder Tops, bull continuation patterns in both bull and bear markets that sometimes are reversal patterns
\n HTF Higher Time Frame (a 60 min chart compared to a 5 min)
\n HTFs Higher Time Frames (a 60 min chart compared to a 5 min)
\n HW High of Week
\n HY High of Yesterday
\n IB Inside bar, the high of the bar is at or below the high of the prior bar and the low is at or above the low of the prior bar
\n ID Inside Day
\n ii consecutive inside bars
\n iii Three inside bars in a row
\n ioi outside bar surrounded by inside bars
\n IR Initial Risk
\n L Low or Low of Day
\n L1 One legged PullBack in a bear move
\n L1=2 Leg 1 equals Leg 2 Measureed Move
\n L2 Two legged PullBack in a bear move
\n L3 Three legged PullBack in a bear move
\n LD Low of Day
\n LH Lower High
\n LH MTR Lower High Major Trend Reversal (a top)
\n LHs Lower Highs
\n LHST Left shoulder of a Head and Shoulders Top
\n lim limit order
\n LL Lower Low
\n LL MTR Lower Low Major Trend Reversal (a bottom)
\n LLM Low of Last Month
\n LLs Lower Lows
\n LLW Low of Last Week
\n LLYR Low of Last Year
\n LM Low of Month
\n LOD Low of the Day
\n LOLM Low of Last Month
\n LOLW Low of Last Week
\n LOM Limit Order Market, sellers scaling in above, buyers below, both scalping
\n LOO Low of opening range
\n LOT Low of Today so far
\n LOTR Low of Year
\n LOY Low of Yesterday
\n LP Low Probability
\n LPB Low Probability Buy and sideways more likely than up
\n LPS Low Probability Short and sideways more likely than down
\n Lr Lower
\n LRP Lower Probability
\n Ls Lows
\n LTR Lower Trading Range
\n LW Low of Week
\n LY Low of Yesterday
\n MA Moving Average
\n MAG Moving Average Gap Bar
\n MAGS Moving Average Gap Bars
\n MC Microchannel
\n MDB Micro Double Bottom
\n MDBS Micro Double Bottoms
\n MDT Micro Double Top
\n MDTS Micro Double Tops
\n MG Measuring Gap, a gap of any kind that can lead to a measured move (only certain in hindsight)
\n MGs Measuring Gaps, gaps of any kind that can lead to measured moves (only certain in hindsight)
\n MIN Minimum or Minutes
\n mkt market
\n MM Measured Move
\n MMD Measured Move Down
\n MMs Measured Moves
\n MMT Measured Move Target
\n MMTS Measured Move Targets
\n MMU Measured Move Up
\n MMUD Measured Move Up or Down
\n mo momentum
\n MP Midpoint
\n MRLD Most Recent Leg Down
\n MRLU Most Recent Leg Up
\n MTB Micro Triple Bottom
\n MTCL Micro Trend Channel Line
\n MTL Micro Trend Line
\n MTR Major Trend Reversal
\n MTRS Major Trend Reversals
\n MTT Micro Triple Top
\n MW MicroWedge, a wedge formed by only 3 – 4 bars
\n NEBM Not Enough Bars for Major Trend Reversal so Trading Range likely
\n NEBP Not Enough Buying Pressure
\n NESP Not Enough Selling Pressure
\n NHEP Not High Enough Probability unless swing stop and scale in
\n NS Not high enough probability for a scalp
\n NSS Not high enough probability for Scalp, not enough time or room for Swing, better to wait
\n NTS Not enough time to swing or to scale in with limit orders
\n O Open
\n OB Outside bar, the high is at or above the high of the prior bar and the low is at or below the low
\n OBSSS Only Buy if Swing Stop and Scale in Lower
\n OBT Overbought
\n OD Outside down bar (an Outside bar with its Close below its open and a body that is at least a third of its range)
\n ODD Outside Down Day
\n OL OverLap
\n OLM Open of Last Month
\n OLW Open of Last Week
\n OLYR Open of Last Year
\n OM Open of Month
\n OO OutsideBar followed by a larger OutsideBar
\n OOD Open of Day
\n OOM Open of Month
\n OOT Open of Today
\n OOW Open of Week
\n OOY Open of Yesterday
\n OR Opening Reversal
\n ORG Opening Range
\n ORV Opening Reversal
\n OSD Oversold
\n OSS Only Scalp if wide Stop and Scale in
\n OSSSS nly Sell if Swing Stop and Scale in Higher
\n OTM Out of the Money option strike price
\n OU outside up bar (an Outside bar with its Close above its open and a body that is at least a third of its range)
\n OUD Outside Up Day
\n OW Open of Week
\n OY Open of Yesterday
\n P Probability
\n PB Pullback
\n PBs Pullbacks
\n PBX Parabolic Buy Climax
\n poss possible
\n prob probably
\n PS Probabilities
\n PSX Parabolic Sell Climax
\n PT Profit Target
\n PTG Profit Taking
\n PTR Profit Taker
\n PTRS Profit Takers
\n pts points
\n PW Parabolic Wedge
\n R1AR Reward 1 Times Actual Risk
\n R1IR Reward 1 Times Initial Risk
\n R1R Reward 1 Times Risk
\n R2AR Reward 2 Times Actual Risk
\n R2IR Reward 2 Times Initial Risk
\n R2R Reward 2 Times Risk
\n RB Reversal Bar
\n RBs Reversal Bars
\n RD Reversal Day
\n RHST Right shoulder of a Head and Shoulders Top
\n RR Risk Reward, or Risk Reward Ratio, most easily thought of as the size of your stop compared to the size of your profit target
\n RRR Risk Reward Ratio
\n RS Resistance
\n S Sell or Short, depending on context
\n SA Sell Above or Sellers at the high of the bar and probably scaling in higher
\n SABB Sellers Above, Buyers Below
\n SB Sell Below or Sellers Below or Signal Bar (depending on context)
\n SBO2 Small breakout of a small breakout
\n SBs Signal Bars
\n SC Spike and Channel (bull or bear)
\n SCB Spike and Channel Bottom (see book)
\n SCS Swing stop, but scale in, then scalp or swing
\n SCT Spike and Channel Top (see book)
\n SCX Spike and climax type of spike and channel
\n SD Sideways to Down
\n Sg Selling
\n SGP Selling Pressure
\n SH Swing High
\n SHs Swing Highs
\n SL Swing Low
\n SLs Swing Lows
\n SP Support
\n SPB Small Pullback
\n SPBTD Small PullBack Trend Day
\n SR Support and\/or Resistance, depending on context
\n Srs Sellers
\n SS Shrinking Stairs
\n SS2 Better to wait for a Strong Bear Breakout or Second Entry Sell
\n STC Sell the Close
\n STE Strong Trader’s Equation
\n STF Shorter Time Frame (a 1 min chart compared to a 5 min)
\n STFs Shorter Time Frames (a 1 min chart compared to a 5 min)
\n SU Sideways to Up
\n SV Sell Vacuum
\n SW SideWays
\n SX Sell Climax
\n SXS Sell Climaxes
\n T Today or Tick (e.g., 5t = 5 tick move) depending on context
\n T1 1st Trend
\n T1B Trend from the first bar or so of the day
\n T2 2nd Trend
\n T3 3rd Trend
\n TB Trend Bar
\n TBs Trend Bars
\n TBTL approx. Ten Bar, Two-Legged Correction
\n TC Tight Channel (was Trend Channel)
\n TCL Trend Channel Line
\n TCL R Trend Channel Line overshoot and reversal
\n TCLs Trend Channel Lines
\n TD Trend Day
\n TE Traders Equation (chance of success times the reward needs to be greater than chance of loss times the risk)
\n TF Time Frame
\n TFs Time Frames
\n TL Trendline
\n TLOS Trend Tine OverShoot and reversal
\n TLs Trendlines
\n TM Tomorrow
\n TMBP Too Much Buying Pressure
\n TMSP Too Much Selling Pressure
\n TOD Time of Day
\n TR Trading Range
\n TRD Trading Range Day
\n TRDS Trading Range Days
\n TRE Trend Resumption
\n TRES Trend Resumption
\n TREV Trend Reversal
\n tri Possible Triangle (5 or more increasing smaller or larger legs in a sideways pattern)
\n TRs Trading Ranges
\n TRSV Trend Resumption or Trend Reversal
\n TRTR Tight Trading Range, BreakOut will probably lead to either trend resumption or trend reversal
\n TST Two-Sided Trading
\n TT Triple Top
\n TTR Tight Trading Range
\n TTRD Trending Trading Range Day
\n TTRDS Trending Trading Range Days
\n TTRL Tight Trading Range, limit order market, bulls scaling in below and bears above
\n TTRNS Tight Trading Range, bad for scalping with stop entries unless using swing stop
\n TTRTE Tight Trading Range Trumps Everything
\n TY 10 Year U.S. Treasury Notes Futures
\n UD Up and or Down
\n UTR Upper Trading Range
\n vol volume
\n W Wedge or anything similar, like any 3 push pattern
\n W2 Wedge2, Wedge 2nd entry or a Failed Failed Wedge
\n WB2 Wait for breakout or second entry
\n WFT Better to wait for tomorrow
\n Ws Wedges or anything similar, like any 3 push patterns
\n WSS Wide Stop and Scale in, swing or scalp
\n WT With Trend, in the direction of the trend of the past several bars or even of the entire day
\n WTB Better to Wait to Buy
\n WTE Weak Trader’s Equation
\n WTS Better to Wait to Sell
\n X Climax
\n Xs Climaxes
\n Y High, Low, major Swing High or Low from Yesterday
\n Y2 Yesterday’s High or Low 2nd Entry
\n Ys Y’s = Yesterday’s<\/p>\n

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The Emini intraday market update is to help those ES traders who cannot be in the trading room all day, but still would like confirmation of what is going on. The market usually has a clear Always In direction between 8 am and 10 am (PST), which usually leads to a swing that lasts for […]<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"tags":[],"class_list":{"0":"post-24360","1":"page","2":"type-page","3":"status-publish","5":"entry","6":"override"},"featured_image_src":null,"_links":{"self":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/pages\/24360","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/comments?post=24360"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/pages\/24360\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=24360"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=24360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}