I posted a version of this on Friday, April 26, 2013, but the content was not as clear as I wanted. I remade it today, Sunday, April 28. This video complements my May, 2013 article on Scaling into Trends in Futures magazine. In this video, I am using a 5 minute chart of the Euro […]
AAPL testing bottom of monthly channel and will likely enter a trading range lasting years.
This is an update on the daily, weekly, and monthly charts of AAPL, which will probably trade below 400 in the coming weeks and then sideways for years.
futures.io webinar: probabilities, timing, scaling
Here is my January 14, 2013 webinar for futures.io Trading Forum on Probabilities, Timing, and Scaling. futures.io webinar: Probabilities, timing and scaling futures.io is the largest futures trading community on the planet, with over 75k members. futures.io creates a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading […]
Learn to trade high 4 and low 4 reversals on 5 min emini
An important step in learning to trade the Emini is to understand channels and High 4/Low 4 reversals. Bull channels often reverse after a fourth push up and the minimum target is TBTL SD (10 bars, 2 legs, sideways to down). Bear channels often reverse up after 4 pushes down. This week had examples of […]
Open of day and month as support and resistance.
The open of the month or day can be a magnet. On the last day of the month, if the open of the day is within about 5 points of the open of the month, there is about a 70% chance that the market will trade to the open of the month as a test. […]
Emini bear expanding triangle
The 5 minute Emini had an Expanding Triangle and many Major Trend Reversals this week. The Emini continues to form lower highs and lows on the daily chart and now is just above the bottom of the wedge top. It is in a bear trend, which might fall much further or end up as simply […]
More down for AAPL bear, October 26, 2012
Although the Emini is still forming higher highs and lows on the weekly chart, it is in a bear channel on the daily chart. It is therefore in an early bear trend, but it still might have one more new high before it sells off to the bottom of the weekly channel. AAPL is probably […]
Top in AAPL on monthly, September 18, 2012?
I posted this on BrooksPriceAction.com on September 18, 2012. AAPL Top AAPL obviously is in a huge bull trend. However, it is at the top of a monthly channel and is trying to break above a steep bull trend channel line. That works about a third of the time. 67% chance of a Failed Breakout […]
futures.io webinar: trading channels
Here is my June 26, 2012 webinar for futures.io Trading Forum on trading channels. futures.io webinar: Trading channels futures.io is the largest futures trading community on the planet, with over 75k members. futures.io creates a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer.
futures.io webinar: trends, reversals, and ranges
Here is my January 25, 2012 webinar for futures.io Trading Forum on Trends, Reversals and Ranges. Futures.io Webinar – Trends, Reversals, and Ranges futures.io is the largest futures trading community on the planet, with over 75k members. futures.io creates a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of […]