Something different this weekend. Wanted to show how the 3 non-correlated indicators (Better Sine Wave, Better Momentum and Better Pro Am) work for day trading Crude Oil. Over-optimization will always kill a system – I've learned that the hard way. The video below shows the same Day Trading principles apply to Crude Oil as the Emini.

If you're reading this article via email or RSS reader, then follow this link to view the Day Trading Crude Oil video on the website.

Day Trading – Crude Oil (9:01)

Here is a screenshot of the 500 tick Crude Oil chart showing turning points repeat the same sequence of price, volume and average trade size:

1. Exhaustion buying/selling volume
2. Volume divergence with less buying/selling and higher highs/lower lows
3. "End of Trend" price cycle warning signal
4. Cycle turn after "End of Trend" is often low risk entry point, and
5. Professionals active at price extremes

And always trade in sympathy with the higher time frames to ensure high probability entry points.

Day Trading – Crude Oil (500 tick)

I'll post the latest Commitment of Traders charts tomorrow. Enjoy your weekend.

The Emini roller coaster ride continues. Did anybody notice the Euro is back to where it started? So take that, Mr Sarkozy. I'm still waiting for an "End of Trend" warning signal on the 45 minute Emini chart before being convinced the trend is now up.

If you're reading this article via email or RSS reader, then follow this link to view the Emini Day Trading videos on the website.

Emini Charts – 10 May 2010 (6:42)

Here is a screenshot of my Emini day trade. Nice quick 4 points before the first half hour of trade. I miss-marked my entry on the chart, it was actually after the "End of Trend" warning signal. The real-time video is below if you're interested.

Emini Day Trade – 10 May 2010 (Emini 500 tick)

Emini Day Trade – 10 May 2010(6:36)

Good luck with your Emini day trading next week.

I really have mixed feelings about posting these Emini Day Trading videos. I always get some great emails saying they're really helpful. But if you don't have the "Better" indicators – they're not very useful. So, go ahead and delete this email.

If you're still interested, here's 3 Emini Day Trades from Thursday and Friday. Thursday was one trade for 5.50 points. Friday was two trades for 8.00 points total. And Friday was all done in the first 17 minutes of trading! Yipee for the volatility.

If you're reading this article via email or RSS reader, then follow this link to view the Emini Day Trading videos on the website.

Emini Day Trades – 7 May 2010 (8:34)

Here are the images of the trades with some commentary on why the entries were taken. Just a combination of 3 simple non-correlated indicators measuring price, volume and average trade size.

Emini Day Trade #1 – 7 May 2010 (Emini 500 tick)

Emini Day Trade #2 – 7 May 2010 (Emini 500 tick)

Emini Day Trade – 6 May 2010(5:59)

Good luck with your Emini day trading next week.

Couple of videos today. First of all a wrap up of the last couple of days. And what a roller-coaster ride. My bias was to the upside (wrong!) but I thought we'd break into a trend (right!).

We're coming into a cyclical turn on the daily time frame and that should provide support. But it looks like a day or two away. The chart below shows what I mean.

The second video shows a couple of nice Emini day trades, both Short. One hit my 4 point profit target; the other I exited early for 3 points – but it was good for another 2 points. Still, the point of showing the trades is to illustrate how to use 3 non-correlated indicators to signal high probability turning points.

If you're reading this article via email or RSS reader, then follow this link to view the Emini Day Trading videos on the website.

Emini Day Trading Wrap Up (11:12)

Here's the Emini daily time frame chart I'm watching and the approaching cyclical turning point that should provide support.

Emini Trading: Cyclical Support Approaching (Emini daily)

Emini Day Trading Real Time (9:28)

Good luck with your Emini day trading.

I knew we'd get some decent range to trade today – it always happens after a quiet day. And we're back up at 1193 on the Emini. No one want to take a run at 1200?

Wrap up and real time Emini trade videos today showing a nice "swan dive" Short. Made 3.50 points but the move was good for another 3 points. My "early profit taking" DNA kicked in again.

If you're reading this article via email or RSS reader, then follow this link to view the Emini Day Trading video on the website.

Emini Day Trading Wrap Up (8:28)

Emini Day Trading Real Time (10:01)

Here's a screen shot of the setup for the Emini day trade:

Emini Day Trading "Swan Dive" (Emini 1,500 tick)

Good luck with your Emini day trading.

OK. So Monday was a low volume, low range, No Demand, go nowhere day. But you know the good news? It means tomorrow (Tuesday) we'll have some decent range to trade. Small range always gives way to large range.

I've agonized a bit today whether to post my real time Emini trade video. To be honest it's pretty dull. Only a 1.50 point trade. But it does show that even on go nowhere days like today, you can take low risk trades, make some money and then stop for the day.

After all, there's always tomorrow. I'm not trying to kick a home run – or is that make a home run and kick a winning goal – every day. I'm quite happy to keep it boring and pick up the small change the market gives me every day.

OK, enough of my philosophizing. What I really want to know is:

If you're not trading Emini futures, why not?

I regularly get emails from traders asking if my methodology works for stocks or forex or gold. Well, yes and no. But that's not the point – do you know how hard you're making life for yourself by not trading Emini futures?

Enough sales pitch. Recorded a new video on why I trade Emini futures. If you're interested, go check it out here: Why Trade Emini Futures.

If you're reading this article via email or RSS reader, then follow this link to view the Emini Day Trading video on the website.

Emini Day Trading Wrap Up (4:19)

Emini Day Trading Real Time (8:13)

Good luck with your Emini day trading.

Hope your Emini day trading is going well. I always get positive feedback when I post some of my day trading real time videos. So here's another. Apologies if I sound half asleep – I'm in Sydney for the next few months and so I'm trading at midnight.

If you're reading this article via email or RSS reader, then follow this link to view the Emini Day Trading video on the website.

Emini Day Trading Wrap Up (6:53)

Emini Day Trading Real Time (12:02)

The Emini 500 tick charts below show the setups I traded. Combination of Price Cycles, Volume Momentum and Professional/Amateur activity.

Emini Day Trading – Trade 1 (Emini 500 tick)

Emini Day Trading – Trades 2 & 3 (Emini 500 tick)

Good luck with your Emini day trading.

Want to see me commit one of my 7 Deadly Sins in real time? Yup – took profits after just 2 points – when there was another 4 points in the move. Ouch.

Well, not really. My motto "Get out, don't get greedy" works both ways. I don't feel extreme pain (losses) but I don't feel extreme euphoria (profits) either. Would have been nice to get a re-entry signal but the move just accelerated to the down side.

If you're reading this article via email or RSS reader, then follow this link to view the Emini Day Trading video on the website.

Emini Day Trading: Short Setup – 24 Mar 2010 (9:45)

Here's a 500 tick chart of the trade with annotated setup sequence below.

Emini Day Trading: Short Setup Sequence

1. Exhaustion buying signal on Better Momentum (large cyan dot)
2. New High made by Amateurs (yellow paint bar) and therefore suspect
3. Re-testing of Highs and Professionals taking profits (blue paint bar)
4. Bearish divergence showing less Buying pressure (white dot)
5. Re-testing of Highs and Professionals getting Short (blue paint bar)
6. Push up by Amateurs (yellow paint bar) and break of Low is signal to Short
7. Series of Exhaustion selling signals on Better Momentum (large cyan dots)
8. Re-test of Lows by Amateurs (yellow paint bars) who get wrong-footed
9. "End of Trend" warning signal coinciding with cycle turn on 4,500 tick chart

Been getting some really nice emails from subscribers lately. Seems the videos go over well. I hope you enjoy this one and good luck with your Emini day trading.

Back in Australia and still getting used to the time zone. Just a recap of yesterday's Emini action – showing how a double top is formed with first Professional then Amateur activity. Are we seeing the same pattern in the daily Emini chart? And how about this Euro hysteria – is it a re-run of December's US Dollar hysteria?

If you're reading this article via email or RSS reader, then follow this link to view the Emini Day Trading and Euro Charts video on the website.

Emini Day Trading & Euro Charts – 3 Mar 2010 (11:08)

Good luck with your Emini trading.

Wow, dramatic 24 hours in the Emini market. Topped out yesterday with an "End of Trend" signal on the 45 minute chart, then bottomed today with an "End of Trend" signal on the 4,500 tick chart. And we're back to where we started.

Video today showing the Professional buying that confirmed a likely rally – but the strength of it took me by surprise. I was out before it really got going! Darn that 'taking profits early' gene I have.

Where to from here? I'm really 50:50 as I discuss in the video. My gut says this was Professional selling into this high volume rally. And of course the market is not going to make it easy for us.

If you're reading this article via email or RSS reader, then follow this link to view the Emini Day Trading video on the website.

Emini Day Trading Charts – 25 Feb 2010 (12:10)

Unfortunately, I'm not going to be trading until mid next week. Two months in Hawaii has gone by quickly and my wife and I are finally on our way back to Sydney, Australia, after 6 months away. So good luck with your Emini trading over the next few days.