On today’s video I captured a nice short E-Mini S&P 500 futures trade at 1320.50. My initial stop loss was larger than normal but it had to be placed there due to volatility. You will see that within a few minutes I was able to move my stop where I was risking half of what the initial stop was – successful trading is all about ‘trade management’. I was then risking 2.25 points to make 3.50 points on three quarters of my position. Watch the video to see what happens next. Have a great day and I hope this helps.
And be sure to check out my FREE VIDEO SERIES: www.EminiSuccessFormula.comContinue reading
On today’s video I outline a long Forex currency British Pound / US Dollar trade that is setting up right now. Be sure to watch the video to get the exact details of this trade. I also point out a couple trades this morning on the E-mini S&P 500 futures contract. The live short trade that was taken at 1133.00 at 11:52am ET has been executed and the first downside profit objective at 1131 has already been hit. Watch the video for more details and I sure hope this helps you in your trading.Continue reading
The problem with some Options trades is that they take a lot of commissions to execute, and they take forever to “mature” to the point where you can close them out for early profits. You feel like you’re sitting on an egg, waiting on it to hatch. Not so with the Low Probability Iron Condor, […]Continue reading
Since I wasn’t able to get a video done earlier for you today I decided to recap the days trading in the E-Mini S&P 500 futures market. It was an alright morning but I must say it isn’t very often where we see the market move like this (intraday) without any follow through. But once the market failed at the 1341.50 high (moved up to 1342.50 at 12:18pm ET) and broke down to 1333.50 at 1:57pm ET, it was bound to move a lot lower (once the market pulled back). Watch today’s video to see how a great short trade was taken on that pullback. Let’s see how far this market can move lower. The next level of support is 1320 to 1310 before we see a rally in the overall market. Have a great day and I hope this helps.Continue reading
What’s all this “Fractal” stuff you keep hearing from me? Today’s video shows how you can marry together two different timeframes or chart relationships to help “decode” when a swing will be likely reversing. And isn’t that what trading is all about, spotting the reversals? Don’t forget to check out my buddy Todd’s video series […]Continue reading
Everyone’s walking around with a “sad face” today because charts are selling off again this morning….everyone, that is, except for the Bears! What’s on most traders’ minds today is “when are we going to see this chart reverse this corrective pattern?” Reversals come from the inside out, as I discuss in today’s video.Continue reading
On today’s video you will see the market opening down quite a bit to 1337.50 (down120 Dow points on the open)…let’s see if the first area of retracement confluence holds between 1336 and 1330. If the market closes below 1330 the market could get back to as low as 1300 before the next major bounce to the upside.
You will also see that all three profit objectives were hit nicely to the upside on ONXX Pharmaceuticals on Friday with the big run up. And finally the British Pound / US Dollar Forex currency pair is real close to setting up for a long trade at 1.6033 – it got within 17 pips of getting us filled to the long side…let’s see what happens. Have a profitable day and I hope this helps.Continue reading
Good Evening, Friends. Here’s hoping that everyone has had an excellent weekend. I found last week to be stressful, since I have both bull put spreads and bear call spreads on in various stocks/ETFs, and it seemd that at various times I had to worry a little about all of them. Since my net positions […]Continue reading
In today’s video you will see the two upside profit objectives hit on the stock Onyx Pharmaceuticals (ONXX)…with the buy coming in yesterday at 42.73. The first profit objective being at 43.30 and the second profit objective being at 43.48 ( a .57 and .85 profit on those two objectives – total of 1.42 so far). The third and final profit objective is at 43.87, the market is only .15 away from hitting it right now. Let’s see what happens…have a fantastic weekend and I hope this helps.Continue reading
What is likely to happen next on the S&P500? Watch this video to see how Doc dissects the price and “energy” of each timeframe on the S&P500 to determine the highest-probability moves for the chart in the short term.Continue reading