Daniels Trading broker Burton Schlichter goes over the CFRN Trade set-up in slow motion featuring the DTPro platform for market analysis in gold , crude, equities, euro, and currencies.
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.
In last night’s edition of Swing Trader’s Insight, my comment for the EMini S&P was “exit breakout buys. Taylor Trading sell Short day”. Wednesday’s big recovery was a breakout rally (I wrote about that HERE); this meant we could expect a Taylor Trading Sell Short day for Thursday, a day earlier than normal in the… Read more.
Last night I suspected the EMini S&P had a breakout setup for Wednesday. It wasn’t a clear cut breakout setup so I thought I’d watch the overnight action to see if things were more definitive this morning. There was, in fact, a large downside breakout move last night as the Chinese announced a list of… Read more.
In last night’s edition of Swing Trader’s Insight I labeled the EMini S&P (among many markets) as having a breakout setup for today. From a chart standpoint the ES had a breakout setup because Thursday was an NR7 day. From a market psychology standpoint it was logical to look for a breakout move today if… Read more.
In last night’s edition of Swing Trader’s Insight I labeled the stock indices as having breakout setups for today. The three I cover (ES, NQ, and RT) had NR4 days on Wednesday as did the EMini Dow. In addition, the Dow and the Russell had doji bars yesterday, strengthening the breakout signal. On its own,… Read more.
Today is a Taylor Trading Technique Buy day for the EMini S&P futures. Treating today as a normal trading day gave a decent buy this morning. If you treat the Sunday night trade as a discrete trading session gave earlier and lower long entry. Last week, breakout setup days on Wednesday and Thursday yielded a… Read more.