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 Trading Blog: Page 2
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 »
Pros Ate the Stack (and a Horrible Fill)
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 »
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 »
