As we had mentioned yesterday we were looking for the opportunity
to buy in the 1093 area today. The dip was much more than that and
reached 1089. As the market rebounded it gave us a nice long signal
on the chart right at 1093. The short time the market spent below
1093 was not enough to switch our directional bias to down.
However, if it should happen tomorrow we will. Watch for a volatile
market after the news is released in the morning. The 1104-1105
area remains as a barrier to monitor.
On July 29, 2010, In Market Recaps, By eMiniDayTrader
On July 28, 2010, In Market Recaps, By eMiniDayTrader
The market sold off today but hardly in a convincing manner. The up
interday auction remains as long as 1093 holds. Watch out for the
news at 8:30 ET and early in the RTH as a good buying opportunity
could present itself.
On July 27, 2010, In Market Recaps, By eMiniDayTrader
A day mostly controlled by sellers as the market hit the 1118 res
area mentioned yesterday. The seller controlled day must of course
be considered within the context of the up inter-day auction. These
types of days can be difficult to trade so a very modest day of
profits today. Looking for more up for the rest of the week with
important news on Thursday and Friday.
On July 18, 2010, In Market Recaps, By eMiniDayTrader
The market sold off hard after the news and broke through our support at 1077. We had 4 great short trades for a net of 59 ticks today.
On July 16, 2010, In Market Recaps, By eMiniDayTrader
In Thursday’s free video we review the early market sell-off and the subsequent rally off of major support.
On July 14, 2010, In Market Recaps, By eMiniDayTrader
The up auction continued on Wednesday as expected. Today’s session allowed for numerous profitable opportunities. The mechanical trades alone, without applying any of the logic we teach, netted 88 ticks. Here is a recap and a look ahead to Thursday’s session.
On July 14, 2010, In Live Trade Examples, By eMiniDayTrader
Here is a brief video showing a live trade from Wednesday, July 14th. The video shows how we manage trades in real time.
On July 13, 2010, In Market Recaps, By eMiniDayTrader
Hello,
As expected, the market continued. Here is a look ahead to Wednesday’s trading, with the key levels we’re watching for clues to the market’s next likely direction.
Click here for today’s free trading video.
Thanks, and let us know any questions you might have in the comments below.
On July 12, 2010, In Market Recaps, By eMiniDayTrader
The market was pretty well contained between our main reference areas today. Here’s a look at the levels to watch heading into Tuesday as well as a recap of today’s trading…
Click here for Friday’s free video (wasn’t sent Friday due to tech issues)
On July 8, 2010, In Market Recaps, By eMiniDayTrader
Today was a bit volatile, but we still had 8 nice trade opportunities on the day.
In today’s free video we give a recap and a look ahead to see if we can expect more follow through higher.
Click here to watch the brief trading video.