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.
Swing Trader’s Insight
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.
Some of the time markets are a two sided affair, and we can trade them from both sides. Other times markets are trending strongly. When they are trending we want to either trade in the direction of the trend or do nothing. That’s one of the reasons I cover so many markets for Swing Trader’s… 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.
As I noted in Swing Trader’s Insight last night, crude oil futures had a breakout setup for Wednesday, as Tuesday was NR4 day and a doji. This fit well with today’s release of the EIA petroleum inventory report, which is often a catalyst for a breakout move. Tuesday was an interesting day as it followed… Read more.
In last night’s Swing Trader’s Insight I noted had gold futures for today as Monday saw range contraction (NR4) and was also a doji bar. The breakout setup told us to look for a potential large move in one direction or the other; we would seek to enter a trade in the direction of the… Read more.
Of the patterns I use for my Swing Trader’s Insight advisory, breakout setups are my favorite to trade (get my guide to breakout trades HERE). Breakout setups indicate a market that is set up for a potential large move in short amount of time – exactly the kind of trade that traders should be looking… Read more.
The gold futures were one of many markets with a breakout setup for Friday. This setup helped us anticipate and trade today’s big rally. In last night’s edition of Swing Trader’s Insight I labeled gold as having a breakout setup for Friday, given the range contraction (Thursday’s range was 50% smaller than Wednesday) and doji… Read more.
In last night’s Swing Traders Insight, the EMini S&P futures were labeled as a breakout trade candidate for today. We anticipated a breakout move because of the inside day, range contraction and doji bar on Friday; in turn we looked for the market to make a directional move today. The first reference prices for a… Read more.