The Taylor Trading Technique (what I use for my Swing Trader’s Insight advisory) said to anticipate a Sell Short day for soybean futures today. This turned out to be a great example of what a Taylor Trading day looks like. Yesterday I wrote about yesterday’s Buy day in soybean futures (I wrote about that HERE.) … Read more.
Soybean futures were on the Buy day of the Taylor Trading cycle today. After an overnight selloff, the day session open gave a good opportunity to get long for the ensuing rally. Following an NR7 and inside day on Monday (range contraction patterns), March soybeans had a breakout setup for Tuesday. Tuesday then had a… Read more.
Treasury Bond futures had a breakout setup today, as might be expected ahead of today’s testimony by Fed Chair Yellen. Bonds had spent the past two days consolidating around the midpoint of the January – February rally so it was logical to look for a move away from that level today. Monday was an NR7… Read more.
Today the gold futures were on the Buy day of the Taylor Trading cycle. I’ve been look for a break to buy in the gold; today’s early selloff was a good opportunity to do so. Gold has rallied since mid-December, moving higher on a combination of rising inflation expectations, comments from the Trump administration that… Read more.
We identified today as a breakout setup because of a number of patterns.
Coffee futures had a breakout setup for Monday. It ended up having a smaller range on Monday and it was a doji bar as well so the breakout setup carried over to Tuesday. The result was a big range move today. Coffee is one of my favorite markets for breakout trades so on Monday… Read more.
The eMini S&P futures had two conflicting setups today. As is always the case, the market is the boss; we let the market decide which way it wants to go and we look to go with the trend. Last Thursday the March eMini S&P made a contract high. The daily bar had breakout setup patterns… Read more.
For the past two days I’ve been looking for a breakout move in the sugar futures. Instead of a move, the range tightened up again on Friday. Will this result in a move on Monday? March sugar futures had a breakout setup for Friday; Thursday was an inside day, an NR7 and a doji bar.… Read more.
By the Taylor Trading Technique, today was a Sell Short day for the eMini S&P futures. I wasn’t enthusiastic about this signal however I have been asked about shorting it over the past couple of days so I thought I’d write about it. I had subscribers interested in shorting the ES after Tuesday’s push above… Read more.
Today was a Taylor Trading Technique (TTT) Sell Short day for the EMini S&P futures. As is often the case, Mondays often behave differently than the other four trading sessions of the week- I suspect it’s the longer break between trading sessions. For a TTT Sell Short day, our standard setup is to look for… Read more.