The Amateurs were trying to Short the Emini all day. The 1,500 tick chart had an unusual number of RAMBO patterns, almost all to the downside. Remember, when you see a break being led by the Amateurs it’s suspect – and can turn into a nice little scalping opportunity. Today was also a great example […]
RAMBO Pattern Archive
Here are all the Emini-Watch videos on the 'RAMBO' pattern. They are arranged in chronological order, with the most recent videos first. 'RAMBO' stands for potential Reversal of an AMateur Break Out. Break Outs that are led by Amateurs (low average trade size) are suspect and likely to weaken or reverse. For an introduction to trading RAMBO patterns, check out the feature article:
Well if feels like deja vu, with multiple RAMBO patterns popping up on the Emini and all the indices (S&P500, Dow, NASDAQ and Russell). We had the same thing back at the end of August and the Emini took a while, but eventually sold off a little. We’ll see. And the Forex charts are “going […]
We’ve got Amateur activity at these new highs and RAMBO patterns have popped up on the weekly, daily and 135 minute Emini charts. RAMBO (potential Reversal of an AMateur BreakOut) patterns on these high timeframe charts show a lack of demand and lack of interest by the Professionals. We can easily creep higher. But I’ll […]
Unusually large number of RAMBO patterns over the last few days – and it’s generated quite a lot of emails. Remember RAMBO stands for a potential “Reversal of AMateur Break Out” and signal when Amateurs are active at new highs and lows, trading the breakout. They can be great, low risk entry points so they’re […]
This is what happens when I have too much coffee and a bee in my bonnet about the Amateurs. Also, for some reason I’m ranting about Wyckoff “Springs”. Who knows. And here’s a screen shot of the Emini 500 tick chart. Shows the Amateurs getting wrong-footed at every cycle turn after the top in made. […]
Emini day trading setup with RAMBO (Reversal of Amateur Breakout) pattern from 10:20am on Tuesday. It illustrates how my 3 Emini day trading indicators come together: price cycles, volume momentum and Professional/Amateur activity. Good luck with your Emini day trading.