Failed breakout moves can be great trade setups for the futures markets and Taylor Trading Technique setups are often a variation of this. Today’s trade in the eMini Russell futures was a good example of this.
Taylor Trading Technique
This week Lean hog futures had come down to test their contract low. This, combined with a breakout setup today, led to a good trade opportunity.
Today the eMini S&P futures were on the Sell Short day of the Taylor Trading Technique cycle; here’s how we looked at it.
The eMini Russell futures had both a breakout setup and a Taylor Trading Technique Buy day signal today. This combination of patterns made for a good trade setup today.
Trends and market movements in the foreign exchange / currency futures markets are driven by interest rate differentials and trends in interest rates, As such; currency futures are often a great trading vehicle after central bank policy setting meetings.
I use the Taylor Trading Technique (TTT) for much of the analysis for my Swing Trader’s Insight advisory. The TTT attempts to anticipate a market’s direction for a trading session and then trade accordingly; there was a good TTT trade today in the copper futures.
Today’s ECB meeting coincided with a breakout setup on the daily chart, which I noted in last night’s Swing Trader’s Insight. This combination allowed us to anticipate a potentially explosive move today and gave the setup to take advantage of the move when it occurred.
Soybean futures had a breakout setup for today. This setup resulted in a strong trend move higher today.
Crude oil futures have had a big selloff today. In last night’s Swing Trader’s Insight, crude oil was identified as have a breakout setup, giving us a trade opportunity today.
In last night’s edition of Swing Trader’s Insight I labeled today a (Taylor Trading Technique) Buy day for the EMini S&P futures. The market followed the script this morning, giving us a good trade opportunity.