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 | Emini Volume Charts | Main | Emini Futures | Emini Podcast - Friday May 11, 2012 »
Monday
May142012

Emini Futures | How To Read Emini Charts

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

The S&P 500 Index SPX dropped 19.64 points, or 1.5%, to 1,338.35, its lowest close since Feb. 2. The Dow Jones Industrial Average DJIA  fell 125.25 points, or 1%, to 12,695.35, its lowest close since Jan. 31.

The Globex session gapped open lower Sunday night and as the gap closed we issued a Tweet to look for a potential reversal on the S&P Emini Futures @1350 and 12790 on the Dow Emini Futures -

SP 500 Emini Hourly Chart 05/13/12

 

Dow Emini Hourly Chart 05/13/12Dow Emini Hourly Chart 05/13/12

 

You did get the Tweet - Right?

If not... request a CFRN Emini Toolbar

 

How To Read Emini Charts

Emini Futures Charts are clearly confusing at first glance. With a little time and practice they do become readable. There are many flavors and varieties from Candlestick, to Bar, Hourly to Range, and even the more esoteric ones such Heikin-Ashi.

Don't be overwhelmed by the many choices. Start with a basic Daily or Hourly Chart.

Basic Daily Emini ChartBasic Daily Emini Chart

 

Basic Hourly Emini ChartBasic Hourly Emini Chart

On both charts you are given 2 important pieces of information -Price and Time. The first step in learning to read an Emini Chart is understanding where price is now, relative to where it has been. On the Daily Chart each candlestick represents 1 day. The above charts are Globex charts so you are looking at a 24 hour session not just the Wall Street session. On the hourly chart each candle represents 1 hour of time.

On both charts you can clearly see 4 important pieces of price infomation in regards to the unit of time you are observing:

  • Open
  • High
  • Low
  • Close

The purpose of learning to read a chart is to determine the current trend or if one even exists, and to understand with some degree of probability, where price may move next. Each chart style and time frame will exhibit unique characteristics which can only be learned over a period of time.

Before you begin to layer on indicators, simply observe price in real time as it unfolds. As the markets are fractal in nature you can watch much smaller time frames down to 1 minute. In the beginning I suggest that you only go as low as a 5 minute chart. With patience and screen time, what appeared initially to be random chaos, will start to emerge as a language the you can understand and read and be excited about.

Every chart tells a story! Go read a few...

Over the next few days we will talk about specific chart types other than the Daily and Hourly.

 

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

 

5 DAY FREE TRIAL


Emini Podcast for Monday 05/14/12

References (2)

References allow you to track sources for this article, as well as articles that were written in response to this article.
  • Response
    Response: resume help uwo
    Emini Futures | How To Read Emini Charts - emini news blog - Emini Trading
  • Response
    Emini Futures | How To Read Emini Charts - emini news blog - Emini Trading

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

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>