Emini Futures Trading Blog
Members' Area
This area does not yet contain any content.
Members Area
Live Emini Training Room
Christian Financial Radio Network
Emini Broadcast Listen Live

 

Live Market Commentary


Every Trading Day 12-2pm Eastern

To view our charts and participate
in the live discussion

Click Here

 

 

 

Compatible Trading Platforms

 

Christian Financial Radio Network BBB Business Review

 

IMPORTANT NOTICE
Trading is risky and not suitable for all people. Please read the CFTC Required Disclosure Page and the CFRN Disclaimer Page as part of our Terms of Service. 

 

What happens in your E-Mini Live Trading Room?

For traders seeking hands-on instruction in a virtual classroom, we offer the CFRN Live emini trading room. CFRN wraps all of its proprietary trading systems, indicators, and methodology into this unique educational environment.

live market commentary, real-time application of the CFRN Proprietary Indicators, and trade signals in real-time.
Ask questions and learn the most important trading lesson of all: WHEN, HOW, and WHY you should get in or out of a trade.

 

This show is so good because it not only talks about the markets , which we all are enthralled with, but also about finding out about ourselves and how it relates not only to our trading, but maybe even more important about how we see ouselves in the world we live in and how from the knowledge we take from this show can make ourselves a better human being in our life here on earth--I'll say it one more time"MAN I LOVE THIS SHOW"-thanks guys

- R.H. Canada

More testimonials ...



Follow Us
« Emini Futures | Trading In The Zones | Main | Emini Futures | Podcast April 19, 2012 »
Monday
Apr232012

Emini Futures | Identify The Trend

(QQQ)(DIA)(SPY)(GLD)(SLV)

Today's broadcast is dedicated to my friend and mentor - Lawrence G. Olson

Our timing was perfect last night on the S&P 500 Emini Futures drop. We missed the ensuing pop however by 1 point. Last night our Tweet said to consider being short the ESM2 below 1370. Price dropped 16 points to 1354 which happened to be 1 point above our 1353 Weekly Trading Zone. In hopes that redundancy will get the point across, Weekly Trading Zones are an "area". Every time price approaches a WTZ you need to be alert and prepared to shift gears. If you successfully traded some or most of the move down and completely missed the bounce, that explains why you still have that great big smile on your face.

If you weren't aware of the trade, perhaps you don't have the CFRN Emini Toolbar.

S&P 500 Emini Futures

Seeking Alpha as well as Twitter. If you have our Toolbar they showed up right on your desktop.

  1. #SP500 #Emini #Futures - Friday we said to consider selling 1378 Stop. The closing price Friday was 1365. 13 points on Friday the 13th. #es
  2. SP500 Emini Futures - Consider selling 1382.50 Stop. Our last Tweet dropped from 1378 to 1359.25 / just sayin' #emini #futures #trading #es
  3. #SP500 #Emini #Futures - Our last Tweet suggested selling 1382.50 Stop 04/18/12 @ 3:16AM. The market dropped 17 points to 1365.50. #trading
  4. #SP500 #Emini #futures - Consider being short below 1370.00 - 04/22/12 11:50 PDT
  5. #SP500 #Emini #Futures Last night's consideration to be short below 1370 dropped 16 points to 1354. (chart above)

These 3 trades had a maximum combined potential of 46 points. If we look at these trades in very small time frames it becomes difficult to determine whether the greater trend is Bullish or Bearish. Smaller time frames are the ideal tool for timing entries and exits as long as they agree with the greater trend. This is not to say that you can't use smaller time frames to make successful counter trend trades because - You Can! What's important is that you Identify The Trend so you know whether or not you're in a trend trade or a counter trend trade. Why is that important? Unless you're picking tops and bottoms, the counter trend trade will tend to be short lived while the trade in the direction of the trend has a greater chance of growing some legs and potentially travelling 13, 16, 17 points or more.

If we go back to the first trade listed on Friday the 13th, here's the hourly chart showing exactly when the trade triggered. It appears to be a beautiful pullback entry to go long right? (click to enlarge)

Last Nights ES Emini TradeES Emini 04/13/12

Let's step out to a larger time frame. This is a daily chart. This is the first short entry on a daily chart that we have had since November - December of 2011. This is not about picking the top, the trend had already shifted so when many traders had visions of being long, we were just a bit short sighted.

 

ES Emini Daily ChartES Emini Daily Chart

Drop by the Live Emini Trading Room and I will be happy to show you the other 2 trades as well. Remember, the markets are fractal in nature. The only difference between a twig and a tree is size. The only difference between an hourly chart and a daily chart is size. Yes, size matters.

Read the tree, trade the twig, and when you can take the pebbles from my....

WANT TO LEARN EMINI FUTURES TRADING?

Connect with us: Follow Me on PinterestFollow us on Twitter! Follow us on Facebook! Read the MailChimp blog Learn MailChimp on iTunes

 Please leave a review on iTunes

 

5 DAY FREE TRIAL


 

Emini Podcast for Monday 04/23/12

References (1)

References allow you to track sources for this article, as well as articles that were written in response to this article.

Reader Comments (7)

great Information Dewayne and Michael

Apr 24, 2012 at 7:27 | Unregistered CommenterAaron Reynholt

I am a relatively new trader but since finding CFRN I have learned an unbelievable amount of great information on trading...especially the eminis thanks for taking the time to teach new people.

Apr 24, 2012 at 7:29 | Unregistered CommenterBarbara Harten

I am so sorry for your loss. I will be praying for your family and the family of your friend.

Apr 24, 2012 at 8:48 | Unregistered Commenteraustin edwins

Love these charts Dewayne and on a sadder note all sympathies for the passing of your friend.

Apr 24, 2012 at 9:47 | Unregistered Commenterconnie lambertson

thx again guys

Apr 24, 2012 at 10:15 | Unregistered CommenterDarin Rickey

great help thanks for putting these charts up

Apr 24, 2012 at 10:28 | Unregistered Commentermorrislakeland

I really appreciate all the time you guys put into this. It is a huge help to me.

Apr 24, 2012 at 10:38 | Unregistered Commentershawnmintler

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>