Horror fill on my trade today. All because the Pros "ate the stack". When the Pros are hungry - jump in and don't expect a retrace. Good luck with your Emini trading. ... more »
Emini Trading Blog: Page 2
Early OSOK
This video is from Monday - which feels like a lifetime ago after Tuesday's activity. Still, whatever the range, the same principles apply. And OSOKs (One Shot One Kill) always feel pretty good. Good luck with your Emini trading. ... more »
EM Take Off
Back in December I started wittering on about EM Equities rotating to the top of the class. Then in February they were neck-and-neck with strengthening Commodities. This week, after FOMC, the EM ETFs just took off - a combination of EM stock market strength plus EM currency strength against the "wounded" US Dollar. I didn't want ... more »
Hold Your Nerve … Until You See the Blowoff Volume
Hooray, Wednesday finally arrived. And I've been saved from the wood chipper, for now. The real story today was the drop in the US Dollar and breakout moves in Emerging Markets. I'll put a video out tomorrow with an EM chart roundup, but in the meantime today's lesson was ... wait. Wait - and go with the trend - until you see the ... more »
Just Charts (and Waiting for Answers)
A rip through the charts this weekend. Are bonds going to drop like a stone on Wednesday? Is the US Dollar going to follow? Can we really be seeing a rally in the Euro starting? Is the Japanese Yen going to follow? And will the carnage in Crude continue or will I be saved from the wood chipper? We'll get answers next week. Good ... more »
Equities vs Bonds: Rebalancing Due
Equities have run pretty hard all month and Bonds have now found Support. Time for a little re-balancing, methinks. I'll be looking for the next cyclical Resistance on the 40,500 tick (or 45 minute) chart. Should be around Monday or Tuesday. We'll see. You can use this Intermarket Oscillator on Bonds and the Japanese Yen to show ... more »
Gathering Pattern Trade Setup
Classic little 'Gathering Pattern' trade setup on Friday. It ended up being slow as treacle but we eventually ran to an Exhaustion Buy signal at the end of the day. Always follow the Professionals - particularly on the higher timeframe charts (4,500 and 1,500 tick). The 'Gathering Pattern' is explained here and how to know whether ... more »
Commodities & EM Equities: The Place to Be
A rip through some Global Macro charts this weekend. Commodities and Emerging Market Equities are top of the pile on the Rotation Indicator. And that strength should persist for the next 12 to 18 months. Meanwhile in Europe, the possibility that the Eurozone project will spin apart is looking increasingly real. Good luck with your ... more »
Stepping Through Today’s Emini Chart
So many good things in Wednesday's Emini chart: Professionals buying the Lows just after the Open Exhaustion buying volume getting the uptrend going Professionals buying the first retracement Exhaustion volume as Professionals exit around 10:15 am Failed reversal after 11 am with Amateurs getting wrong-footed (RAMBO ... more »
British Pound Ready to Rally
Turns out $1.20 on the British Pound is the level the Professionals have chosen to defend. We've spent the last 2 months testing down and with last week's activity it looks like we're ready to break to the upside. Sure, we could get another scary down spike - but that would just give the Professionals another opportunity to pick up ... more »
