25 February 2010

Emini Rally & Back to Australia

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.

HIGH DEF VIDEO – MAY TAKE 15 SECONDS TO LOAD

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.

24 February 2010

Emini Day Trading: Short & Long Trades

OK very long video today – 22 minutes. Talk (and talk and talk) through 2 Emini day trades that picked up 3 points Wednesday afternoon. Only watch this video if you're interested in how I determine intra-day trends.

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.

HIGH DEF VIDEO – MAY TAKE 15 SECONDS TO LOAD

Emini Day Trading: Short & Long Trades (22:22)

Good luck with your Emini day trading over the next couple of days. Remember we're approaching a daily cyclical turn that might be important longer term.

10 February 2010

The Practicalities of Emini Day Trading

Sometimes things just don't go right. Today was one of those days for me – internet connection problems and no perfect Emini day trading setups.

Tick bar charts are great and I rave about tick charts here. But they're computationally intensive – particularly my longest time frame, 40,500 ticks – and they take a while to load. The internet connection where we're staying is not rock solid and this caused me to miss this afternoon's trade.

And my Emini day trading technique is discretionary – some would say too discretionary! I rely a lot on "End of Trend" warning signals. Sometimes they are just beautiful and it amazes me how they can pick the high or the low of a trend move. And then sometimes, like today, they just come up a little short.

Anyway, if you're interested here's a video showing the less-than-perfect setups for a Long trade in the morning and a Short trade in the afternoon.

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.

HIGH DEF VIDEO – MAY TAKE 15 SECONDS TO LOAD

The Practicalities of Emini Day Trading (8:02)

Good luck with your Emini day trading this week.

8 February 2010

Emini Day Trading: Follow the Professionals, Fade the Amateurs

Quick Emini day trading video today showing a nice Short trade. Amateurs re-testing the highs, expecting a breakout, get wrong-footed – turns into a nice trend move to the downside.

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.

HIGH DEF VIDEO – MAY TAKE 15 SECONDS TO LOAD

Emini Day Trading: Fade the Amateurs (4:44)

Here's the 1,500 tick chart showing the "Fade the Amateurs" setup:

  1. Exhaustion buying volume followed by Bearish divergence
  2. Professionals active on the highs, taking profits and getting Short
  3. Amateurs buying the test of the highs, expecting the rally to continue
  4. Final cyclical turn with very low buying volume and Bearish divergence

Emini Day Trading Image

Emini Day Trading Setup (1,500 tick)

Good luck with your Emini day trading.

4 February 2010

Tech Screw Up & Emini Day Trading Post

Tech screw up and yesterday's post did not get transmitted – rats! It showed the setup for today's big fall – no really. Huh.

Anyway, if you're interested in re-visiting the post you can see the Emini day trading video on the website here.

Good luck with your Emini day trading.

3 February 2010

Emini Day Trading Setups & the Bigger Picture

Emini day trading setups and the bigger picture covered in today's video. It's rather long – just got too much on my mind. I think the next day or two are going to be critical. At the very least, today's low range should mean we get a larger range day tomorrow.

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.

HIGH DEF VIDEO – MAY TAKE 15 SECONDS TO LOAD

Emini Day Trading Setups & the Bigger Picture – 3 February 2010 (13:33)

If you're interested, the Emini day trading methodology article has recently been updated – and about time too.

Good luck with your Emini day trading.

29 January 2010

Emini Day Trading Setup – Catches Day’s High

Emini broke through support and reached 1,066 today. We need to see less selling pressure in order to signal a change in trend – and today's activity has me concerned. In addition, the safe bets (US Dollar and Treasury Bonds) were popular.

Emini Momentum Indicator Image

Emini Not Seeing Less Selling Pressure (Emini 45 min)

The video below runs through some charts and also shows my favorite Emini day trading setup picking the high for the day. I wish all trades were so picture perfect.

If you're reading this article via email or RSS reader, then follow this link to view the emini day trading setup video on the website.

HIGH DEF VIDEO – MAY TAKE 15 SECONDS TO LOAD

Emini Day Trading Setup – 29 January 2010 (10:01)

Good luck next week with your Emini day trading.

19 November 2009

Emini Day Trading: Scalp Trade Video

The last Emini day trade video went down pretty well. Thank you for all the positive comments. The video below (shorter than the last one!) shows a scalp trade – seemingly against the daily trend. However, there were some clues that the market had reversed, shown in the video and image below.

Emini Scalp Trade Image

Emini Scalp Trade – 19 November 2009 (Emini 1,500 tick chart)

I took out 1.75 points but the move was good for another 1.50 points. Only 0.50 points of "heat" was taken against the position.

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

HIGH DEF VIDEO – MAY TAKE 15 SECONDS TO LOAD

Emini Scalp Trade – 19 November 2009 (17:48)

Good luck with your Emini day trading.

16 November 2009

Emini Day Trade Real-Time Video Example

An Emini day trade recorded in real-time. I walk through the trade setup, the entry, stop and profit target.

Emini Day Trade Example Image

Emini Day Trade – 16 November 2009 (Emini 1,500 tick chart)

I took out 3.50 points but the move was good for another 3 points. I think it's a good example of how waiting for the right setup pays off with a nice fast move and "no heat" taken against the position.

OK, the video is 30 minutes long. But it loads in about 4 minutes and you can just fast forward through to the good bits if you want.

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

HIGH DEF VIDEO – MAY TAKE 15 SECONDS TO LOAD

Emini Day Trade – 16 November 2009 (30:38)

I know I'm going to get a lot of questions about the code for the Professional/Amateur bars and the Volume Patterns (No Demand, RAMBO, Stopping Volume, Profit Taking). If you'd like an advanced copy of the code then follow this link to the Volume Patterns.

Good luck with your Emini day trading.

3 November 2009

Video of Some Emini Day Trading Charts

The videos seem to be going over well. So here's another with some Emini day trading charts. I'm looking for cyclical support to be confirmed today (Wednesday).

I'm still working on a new Professional/Amateur volume indicator – to get around some of the NinjaTrader limitations. It's shown in the video but not ready for release.

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

This is a high definition video and may take 30 seconds to load. If you are having problems viewing the video you may need the latest version of the Adobe Flash Player.

You can click the "Full Screen" icon (beside the volume icon in the video controls) to see the video in full screen mode. Press Escape to exit full screen mode.

Emini Day Trading Charts – 3 November 2009 (8:54)

Good luck with your Emini day trading.