In today’s Swing Trader’s Insight I suggested we look to buy the eMini S&P futures. They were on the Buy day of the Taylor Trading Technique (TTT) cycle; this gave us both a directional bias to anticipate today as well as a specific entry setup to look for. Monday was the Sell Short day of… Read more.
Swing Trader's Insight
In this morning’s comment for Swing Trader’s Insight I wrote that I would look to short the November soybean futures if they broke the Thursday low. I try to get the morning comment out as early as possible. For this reason I don’t provide a lot of detail there; I thought I’d explain the setup… Read more.
In this morning’s note for Swing Trader’s Insight, I said we should look for a Taylor Trading Buy day for the eMini S&P futures. Early session weakness was a good buying opportunity and the market saw a good rally today. In last night’s Swing Trader’s Insight I was more cautious. Friday was a doji bar… Read more.
Both the eMini S&Ps and the soybeans had breakout setups today. The soybeans made a modest move. The eMinis were a bigger mover; I missed the early entry but found a decent trade this afternoon. Soybeans had a breakout setup after yesterday’s doji bar and NR4 formations. Normally we would wait for a break below… Read more.
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In last night’s edition of Swing Trader’s Insight (STI), the eMini S&P futures were labeled as a breakout setup for today. There were two distinct reasons to anticipate this. First, the previous two sessions had been inside days, indicating price compression. Second, today’s monthly employment report was a likely catalyst for a breakout trade as… Read more.
The Swing Trader’s Insight avoided a pre-market downside fake out before the Friday employment reports to capture a breakout trade in the eMini SP.
FOMC meetings are a good example of times when markets may show breakout setups and subsequent breakout moves as traders will trade cautiously ahead of the meeting and then take positions after the meeting statement is released when traders then have more complete information to base trade decisions. Today’s Fed meeting was no exception… Read more.
After a two day rally in the eMini S&P futures, the Taylor Trading Technique (TTT) told us to anticipate a Sell Short day for Friday. A failed rally above our reference price gave us a good short sale signal at the open to catch the morning selloff. After making a two week low (and threating… Read more.
In the Monday night edition of Swing Trader’s Insight, I labeled the eMini S&P futures as having a breakout setup for the Tuesday session. This led to a big downside move on Tuesday, which in turn meant we should look for a Taylor Trading Technique Buy day for Wednesday. On the daily chart above we… Read more.