![\"Emini](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2020\/10\/Emini-wedge-bull-flag-and-then-bear-trend-reversal.png\" "\\"\\"")
<\/a><\/figure>\n\n\n\nHere are several reasonable stop entry setups from yesterday. I show each buy entry with a green rectangle and each sell entry with a red rectangle. I rarely also show limit order entries and entries on the close of bars. I do not want the lines to be distracting. If they are longer, I make them dotted. But, they have to be visible, so I make the shorter ones solid. Buyers of both the Brooks Trading Course and Encyclopedia of Chart Patterns have access to a much more detailed explanation of the swing trades for each day (see Online Course\/BTC Daily Setups).<\/p>\n\n\n\n
My goal with these charts is to present an Always In perspective. If a trader was trying to be Always In or nearly Always In a position all day, and he was not currently in the market, these entries would be logical times for him to enter.<\/p>\n\n\n\n
If the risk is too big for your account, you should wait for trades with less risk or trade an alternative market like the Micro Emini.<\/p>\n\n\n\n
EURUSD Forex market trading strategies<\/h2>\n\n\n\n![\"EURUSD](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2020\/10\/EURUSD-Forex-wedge-bear-flag-but-small-pullback-bull-trend-680x383.png\" "\\"\\"")
<\/a><\/figure>\n\n\n\nThe EURUSD Forex market on the daily chart formed a wedge bear flag over the past 2 weeks. Yesterday was a good sell signal bar. By going below yesterday’s low overnight, the sell signal on the daily chart triggered. <\/p>\n\n\n\n
However, the EURUSD immediately reversed back up. Today so far is a bull bar and therefore a terrible entry bar for the bears.<\/p>\n\n\n\n
The 2 week rally has been in a Small Pullback Bull Trend. The September 21 sell climax high is a magnet above. If the bulls can break above it and above the September 10 high, traders will look for a test of the September 1 high.<\/p>\n\n\n\n
The EURUSD is back in its 2 month trading range. That means there is also always both a bull trend and a bear trend. If it continues down in a series of lower highs and lows, traders will say the bear trend began on September 1. If the 2 week rally continues up to above the September 1 high, traders will say that the 4 month bull trend resumed on September 25. <\/p>\n\n\n\n
Because of the wedge top at resistance on the weekly chart (not shown), the odds are slightly better for the bears. But the EURUSD is back in its 2 month trading range. Consequently, the odds are only slightly better than 50%. <\/p>\n\n\n\n
Overnight EURUSD Forex trading<\/h3>\n\n\n\n
The 5 minute chart of the EURUSD Forex market traded below yesterday’s low overnight, which triggered a sell signal on the daily chart. However, the breakout was small and the EURUSD reversed back up. The bulls want today to break above yesterday’s high. Today would then be an outside up bar after yesterday’s sell signal bar. That would increase the chance of a test of the September 21 sell climax high.<\/p>\n\n\n\n
If today closes near its high, traders will see today as a buy signal bar. They would wonder if the wedge bear flag on the daily chart failed and if the Small Pullback Bull Trend is continuing up.<\/p>\n\n\n\n
The reversal up from below yesterday’s sell signal bar makes a bear trend unlikely today. While the EURUSUD has been in a bull trend for 8 hours, the trend has not been particularly strong. <\/p>\n\n\n\n
It has been easier to make money as a bull, but there has been a lot of trading range price action for 5 hours. That means that day traders are also willing to sell reversals down for scalps. <\/p>\n\n\n\n
With the lack of energy for several hours, today will probably not go much higher. The rally will probably stall around yesterday’s high. <\/p>\n\n\n\n
The fight will then be over the close. The bulls will buy selloffs, trying to get today to close near its high. That would make higher prices likely tomorrow. <\/p>\n\n\n\n
The bears will sell rallies. They know today will remain a bull day, but if they can get the day to close in the middle of the range, they will try to break again below yesterday’s low tomorrow.<\/p>\n\n\n\n
Summary of today’s S&P Emini futures price action and what to expect tomorrow<\/h2>\n\n\n\n![\"\"](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2020\/10\/Emini-bull-trending-trading-range-day-680x383.png\" "\\"\\"")
<\/a><\/figure>\n\n\n\nHere are several reasonable stop entry setups for today. I show each buy entry with a green rectangle and each sell entry with a red rectangle. I rarely also show limit order entries and entries on the close of bars. I do not want the lines to be distracting. If they are longer, I make them dotted. But, they have to be visible, so I make the shorter ones solid. Buyers of both the Brooks Trading Course and Encyclopedia of Chart Patterns have access to a much more detailed explanation of the swing trades for each day (see Online Course\/BTC Daily Setups).<\/p>\n\n\n\n
My goal with these charts is to present an Always In perspective. If a trader was trying to be Always In or nearly Always In a position all day, and he was not currently in the market, these entries would be logical times for him to enter.<\/p>\n\n\n\n
If the risk is too big for your account, you should wait for trades with less risk or trade an alternative market like the Micro Emini.<\/p>\n\n\n\n
End of day summary<\/h3>\n\n\n\n
The Emini gapped up on the open to the middle of yesterday’s collapse and then went sideways for a few hours. This is not how a bear trend typically begins. It then rallied for the rest of the day and retraced most of yesterday’s selloff. There was late profit-taking, but the day still closed above its midpoint. Today was a bull trending trading range day.<\/p>\n\n\n\n
Today was a bull inside day after an outside day on the daily chart. There is now an ioi Breakout Mode pattern. Today is both a buy and sell signal bar for tomorrow. <\/p>\n\n\n\n
With today erasing so much of yesterday’s collapse and closing in the upper half of the range, and with the September 16 high still a magnet above, the Emini will probably test that high again this week. Also, today increased the chance that the Emini will trade higher up in the 3400 – 3500 sell zone. <\/p>\n\n\n\n
Traders still should expect a break below the September low before there is a new high. However, the trading range could continue for a long time before the Emini has a 2nd leg down from the all-time high. <\/p>\n\n\n\n
See the weekly update<\/a> for a discussion of the price action on the weekly chart and for what to expect going into next week.<\/em><\/p>\n\n\n\n
\n\n\n\nTrading Room<\/h2>\n\n\n\n
Traders can see the end of the day bar-by-bar price action report by signing up<\/a> for free at BrooksPriceAction.com. I talk about the detailed S&P Emini futures price action real-time throughout the day in the BrooksPriceAction.com trading room<\/a>. We offer a 2 day free trial<\/a>.<\/p>\n\n\n\n
\n\n\n\nCharts use Pacific Standard Time<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\nThe EURUSD Forex market on the daily chart formed a wedge bear flag over the past 2 weeks. Yesterday was a good sell signal bar. By going below yesterday’s low overnight, the sell signal on the daily chart triggered. <\/p>\n\n\n\n
However, the EURUSD immediately reversed back up. Today so far is a bull bar and therefore a terrible entry bar for the bears.<\/p>\n\n\n\n
The 2 week rally has been in a Small Pullback Bull Trend. The September 21 sell climax high is a magnet above. If the bulls can break above it and above the September 10 high, traders will look for a test of the September 1 high.<\/p>\n\n\n\n
The EURUSD is back in its 2 month trading range. That means there is also always both a bull trend and a bear trend. If it continues down in a series of lower highs and lows, traders will say the bear trend began on September 1. If the 2 week rally continues up to above the September 1 high, traders will say that the 4 month bull trend resumed on September 25. <\/p>\n\n\n\n
Because of the wedge top at resistance on the weekly chart (not shown), the odds are slightly better for the bears. But the EURUSD is back in its 2 month trading range. Consequently, the odds are only slightly better than 50%. <\/p>\n\n\n\n
Overnight EURUSD Forex trading<\/h3>\n\n\n\n
The 5 minute chart of the EURUSD Forex market traded below yesterday’s low overnight, which triggered a sell signal on the daily chart. However, the breakout was small and the EURUSD reversed back up. The bulls want today to break above yesterday’s high. Today would then be an outside up bar after yesterday’s sell signal bar. That would increase the chance of a test of the September 21 sell climax high.<\/p>\n\n\n\n
If today closes near its high, traders will see today as a buy signal bar. They would wonder if the wedge bear flag on the daily chart failed and if the Small Pullback Bull Trend is continuing up.<\/p>\n\n\n\n
The reversal up from below yesterday’s sell signal bar makes a bear trend unlikely today. While the EURUSUD has been in a bull trend for 8 hours, the trend has not been particularly strong. <\/p>\n\n\n\n
It has been easier to make money as a bull, but there has been a lot of trading range price action for 5 hours. That means that day traders are also willing to sell reversals down for scalps. <\/p>\n\n\n\n
With the lack of energy for several hours, today will probably not go much higher. The rally will probably stall around yesterday’s high. <\/p>\n\n\n\n
The fight will then be over the close. The bulls will buy selloffs, trying to get today to close near its high. That would make higher prices likely tomorrow. <\/p>\n\n\n\n
The bears will sell rallies. They know today will remain a bull day, but if they can get the day to close in the middle of the range, they will try to break again below yesterday’s low tomorrow.<\/p>\n\n\n\n
Summary of today’s S&P Emini futures price action and what to expect tomorrow<\/h2>\n\n\n\n<\/a><\/figure>\n\n\n\nHere are several reasonable stop entry setups for today. I show each buy entry with a green rectangle and each sell entry with a red rectangle. I rarely also show limit order entries and entries on the close of bars. I do not want the lines to be distracting. If they are longer, I make them dotted. But, they have to be visible, so I make the shorter ones solid. Buyers of both the Brooks Trading Course and Encyclopedia of Chart Patterns have access to a much more detailed explanation of the swing trades for each day (see Online Course\/BTC Daily Setups).<\/p>\n\n\n\n
My goal with these charts is to present an Always In perspective. If a trader was trying to be Always In or nearly Always In a position all day, and he was not currently in the market, these entries would be logical times for him to enter.<\/p>\n\n\n\n
If the risk is too big for your account, you should wait for trades with less risk or trade an alternative market like the Micro Emini.<\/p>\n\n\n\n
End of day summary<\/h3>\n\n\n\n
The Emini gapped up on the open to the middle of yesterday’s collapse and then went sideways for a few hours. This is not how a bear trend typically begins. It then rallied for the rest of the day and retraced most of yesterday’s selloff. There was late profit-taking, but the day still closed above its midpoint. Today was a bull trending trading range day.<\/p>\n\n\n\n
Today was a bull inside day after an outside day on the daily chart. There is now an ioi Breakout Mode pattern. Today is both a buy and sell signal bar for tomorrow. <\/p>\n\n\n\n
With today erasing so much of yesterday’s collapse and closing in the upper half of the range, and with the September 16 high still a magnet above, the Emini will probably test that high again this week. Also, today increased the chance that the Emini will trade higher up in the 3400 – 3500 sell zone. <\/p>\n\n\n\n
Traders still should expect a break below the September low before there is a new high. However, the trading range could continue for a long time before the Emini has a 2nd leg down from the all-time high. <\/p>\n\n\n\n
See the weekly update<\/a> for a discussion of the price action on the weekly chart and for what to expect going into next week.<\/em><\/p>\n\n\n\n
\n\n\n\nTrading Room<\/h2>\n\n\n\n
Traders can see the end of the day bar-by-bar price action report by signing up<\/a> for free at BrooksPriceAction.com. I talk about the detailed S&P Emini futures price action real-time throughout the day in the BrooksPriceAction.com trading room<\/a>. We offer a 2 day free trial<\/a>.<\/p>\n\n\n\n
\n\n\n\nCharts use Pacific Standard Time<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\nHere are several reasonable stop entry setups for today. I show each buy entry with a green rectangle and each sell entry with a red rectangle. I rarely also show limit order entries and entries on the close of bars. I do not want the lines to be distracting. If they are longer, I make them dotted. But, they have to be visible, so I make the shorter ones solid. Buyers of both the Brooks Trading Course and Encyclopedia of Chart Patterns have access to a much more detailed explanation of the swing trades for each day (see Online Course\/BTC Daily Setups).<\/p>\n\n\n\n
My goal with these charts is to present an Always In perspective. If a trader was trying to be Always In or nearly Always In a position all day, and he was not currently in the market, these entries would be logical times for him to enter.<\/p>\n\n\n\n
If the risk is too big for your account, you should wait for trades with less risk or trade an alternative market like the Micro Emini.<\/p>\n\n\n\n
End of day summary<\/h3>\n\n\n\n
The Emini gapped up on the open to the middle of yesterday’s collapse and then went sideways for a few hours. This is not how a bear trend typically begins. It then rallied for the rest of the day and retraced most of yesterday’s selloff. There was late profit-taking, but the day still closed above its midpoint. Today was a bull trending trading range day.<\/p>\n\n\n\n
Today was a bull inside day after an outside day on the daily chart. There is now an ioi Breakout Mode pattern. Today is both a buy and sell signal bar for tomorrow. <\/p>\n\n\n\n
With today erasing so much of yesterday’s collapse and closing in the upper half of the range, and with the September 16 high still a magnet above, the Emini will probably test that high again this week. Also, today increased the chance that the Emini will trade higher up in the 3400 – 3500 sell zone. <\/p>\n\n\n\n
Traders still should expect a break below the September low before there is a new high. However, the trading range could continue for a long time before the Emini has a 2nd leg down from the all-time high. <\/p>\n\n\n\n
See the weekly update<\/a> for a discussion of the price action on the weekly chart and for what to expect going into next week.<\/em><\/p>\n\n\n\n Traders can see the end of the day bar-by-bar price action report by signing up<\/a> for free at BrooksPriceAction.com. I talk about the detailed S&P Emini futures price action real-time throughout the day in the BrooksPriceAction.com trading room<\/a>. We offer a 2 day free trial<\/a>.<\/p>\n\n\n\n
\n\n\n\nTrading Room<\/h2>\n\n\n\n
\n\n\n\nCharts use Pacific Standard Time<\/h3>\n\n\n\n