Friday was a classic reversal day, with a nice setup before 11 am (Rule of Thumb #3). This video explains the 3 non-correlated 'Better' indicators and how they combine to trigger a 5 Step Setup. Good luck with your Emini trading this week. ... more »
Emini Trading Blog: Page 2
Big Things Happen At Triples. Big Breaks. Big Reversals.
I've talked about Triples before - here, here and here. Big things happen at Triples. Break and the trend will run to Exhaustion. Hold and the reversal will run a fair distance too. The best Triples are those where the Support or Resistance levels are tight together. Good luck with your Emini trading this week. ... more »
Gold Miners Jump the Creek (and chart-fest)
The Gold and Silver miners jumped today - probably because of heightening political tensions, both in the US and overseas. I'm not a gold bug, but it looks like we're going to have a little trend move in Precious Metals, particularly with the US Dollar weakening. The Bitcoin and Ethereum video page has also been updated with some ... more »
Bitcoin, Ethereum and the Death of Socialism
Something a little different, on this long weekend. While the Emini was having one of the smallest range days EVER - 4.5 points top to bottom during the day session on Friday. Bitcoin was clocking up record volatility - 30% down in 48 hours, after 50% up in 7 days. "So what?" you say. "Bitcoin is for geeks". Well ... is it? [ ... more »
Emini Stretches Legs Above 2,400
Finally, a little bit of excitement. We blew past 2,400 in Wednesday's after hours (while there was minimal resistance) and got to play around in the 24-teens for most of Thursday. Who knows how long we'll get to stay here - particularly as I'm looking at a 'Gathering' pattern on Bonds. But please, enough of the low range days - ... more »
US Dollar Gets Shot Down (and 2,400 on the Emini fails again)
The Emini tested 2,400 again today - and failed. Now in the overnight session the "Comey memo scandal" has pushed us well away from the 2,400 level. Let's see how the gap down Open plays out tomorrow. I have to say though, I hate large gap down Opens. They can often end up with low range days. And low range days are the scourge of ... more »
ES vs NQ System Signals (and today’s ‘V’ reversal)
It took another day (Wednesday) of testing 2,400 but eventually we got the expected Emini sell-off. Only to reverse and almost end up where we started! You've got to love trading - otherwise you'd surely go mad. Anyway, in today's video we compare system signals on the ES versus the NQ. The YM and NQ used to be all the rage, ... more »
Emini Runs Out of Steam at 2,400
Hi there! We're back in Sydney, Australia - and ready for the start of the Autumn surf season. The winds have swung offshore - and all we need now is a decent swell. Monday we bust up through a flat top. But it only ended up printing a RAMBO pattern. Then Tuesday, the Emini ran out of steam - right on 2,400. We're due for another ... more »
Mid Tax Time Seasonal Pattern
Well, last week's Forex fireworks never happened. Which was kind of disappointing. But all is not lost, the setup has now become a 'Low Risk Entry Point' on the US Dollar Index. Which means we're waiting for confirmation - and I'll be watching the 99.80 level for a downside break. In the meantime, we're in the middle of the Tax ... more »
Forex Fireworks Due Next Week
We're sitting right under Resistance on the Pound, Yen, Aussie, Loonie - and a little further away on the Euro. This week we could get above those Resistance levels and break us into strength and uptrends. Let's see, we're tantalisingly close. Should be fun, if we get the break. Bonds and Equities have both found support. But a ... more »
