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.
For the EMini S&P futures, yesterday was the Sell Short day of the Taylor Trading Technique (TTT) cycle (I wrote about that HERE). That meant we anticipated a TTT Buy day for Wednesday, and so far this has worked well. Tuesday wasn’t a textbook Sell Short day, as the market didn’t close much lower than… Read more.
For Tuesday the EMini S&P futures were on the Sell Short day of the Taylor Trading cycle. As I noted last night in Swing Trader’s Insight, this gave us an opportunity to get short last night and a second chance during the day session. On Monday these was an upside breakout move of sorts after… Read more.
On many occasions, the first Friday of the month is a good day for trade setups, especially breakouts, as the significance of the labor market causes traders to stay out of trades before the release, which in turn causes a sudden jump in trading interest and concurrent large directional moves afterward. This week, however, saw… Read more.
On Friday I wrote about a breakout setup and trade opportunity in the EMini S&P futures (read that article HERE.). Friday’s breakout rally meant we would anticipate a Taylor Trading Technique (TTT) Sell Short day for Monday; this gave us a good follow up trade today and shows how the TTT can anticipate and capture… Read more.