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.
Better MTF System
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 […]
Thursday was a funky kind of day because Yellen was speaking to Congress. But we still got a nice little 5 Step Setup and closed on the Highs because we hadn’t reversed by the time the 11 am window shut. This video has run a little long – so only tagged on the Emini day […]
KIDDING! There’s no new “Bat Girl Setup”. Today was just another regular-as-clockwork 5 Step Setup. Boring really. But good boring. And behave yourself this weekend. No heated election discussions. Breathe in, breathe out. It’ll all be over soon enough.
Rough ride after a 5 Step Setup. Nothing more to say 🙂 Just waiting for the MacBook Pro 2016 release. And please, let there be 32 GB of RAM. Good luck with your Emini trading tomorrow.
After reversing on Thursday, the Emini ran into No Demand on Friday. It looks like the Election uncertainty is causing the big money to sit on the sidelines, rather than buy into the next rally. On the highest time frame tick charts we’ve had a Low Risk Entry Point short. Confirmation would be a drop […]
Some 5 Step Setups from Friday’s Emini action and the global macro charts. Check this out for more info on the 5 Step Setup. Good luck with your Emini trading next week.
Over the last two months we’ve had strong breaks in a bunch of different Global Macro charts: Japanese Yen, Aussie Dollar, Canadian Dollar, Copper, Gold and Silver. But it’s time for a little settling back – a little Retracement Time. And this is when the trend gets proved, the Lows get tested and the cautious […]
OK, here it is. A little sneak-peak at the multiple timeframe setup. Same principles as always (exhaustion, divergence, price confirmation, Professional activity, etc.) but a more rigorous approach with 5 clear steps to the setup. And here’s an annotated screenshot: For a change in trend from uptrend to downtrend and Short entry, here’s the 5 […]