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.
In last night’s Swing Trader’s Insight I labeled the EMini S&P as a breakout trade candidate for today. I used this call along with today’s early session pattern to ride the market higher today. Thursday’s bar was enough in of itself to give today’s breakout setup; the inside day, range contraction and doji bar all… Read more.
In yesterday’s blog post I wrote about a short sale trade in the EMini S&P (read that here). This was based on the ES being in the Sell Short day of the Taylor Trading Technique (TTT) cycle. Yesterday’s afternoon’s recovery meant I labeled today the Sell day of the cycle. However, unlike the label, the… Read more.
Today the EMini S&P futures were on the Sell Short day of the Taylor Trading Technique (TTT) cycle. This gave a good short sale opportunity if we used the standard TTT entry; looking at holiday and overnight trade gave us even better entries. Friday was the second day of a market rally, giving the TTT… Read more.
A number of markets had breakout setups for today. Often times when a market is set up for a breakout, other correlated markets have this setup concurrently, which is logical. Today there were breakout setups in the EMini S&P, NASDAQ, T Bonds, gold and crude oil futures. This often gives multiple trade opportunities in the… Read more.
Someone once said that “your best trade is the one that makes you uncomfortable”. Going long in a market making a new contract high might fit the bill for an uncomfortable trade for many traders but sticking to a logical trading plan can help you anticipate when this makes sense and give you the confidence… Read more.