20 Points Available Between The Zones

Weekly Trading Zones Offer 4 Trades | 20 S&P Points Available

Price action was constrained nicely between the 1548/49 Weekly Zone on the upside and the 1542/1543 Zone on the downside. In a recent post Live Trading Room - Best Week Ever! we discussed what an important role our Weekly Trading Zones play in our overall trade strategy.

On the charts below you will see 4 well defined legs, each with 5 points of potential from Zone to Zone. Picture if you will, a caged animal pacing back and forth waiting for an opportunity to break and run. You will hear this referred to as "consolidation" or "coiling", others will call it a range, I suppose everyone can be right on this one. 

The case for the Bull Run which we discussed in The Biggest Triple Top In Trading History gained even more credibility in the eyes of some today as perma-bear Richard Russell issued a "Buy the Dow" recommendation to his subscribers. Just when we thought it couldn't get any stranger... it did.

Click to read more ...

Day Job Cramping Your Day Trading?

Day Job Interfering With Plans To Become A Day Trader?

It's certainly a dilemma for many. Let's review the options, but first let's rid ourselves of one option straight away - 

• Quit the Day Job!

That is not an acceptable solution, therefore we won't even discuss it. It always astonishes me to see advertisments that encourge would be traders to do exactly that. If you already have a job, that's an incredible ace in the hole. While others are under extreme pressure to make their daytrading venture payoff immediately, which is a sure fire way not to succeed, you have the luxury of learning the skills necessary to carry you through in an orderly manner as you transition into your new career.

Click to read more ...

Live Trading Room - Best Week Ever!

We Had Our Biggest Week Ever And Then The Server Blew Up

Hey, I'm not kidding. We really did have our biggest week ever in the Live Trading Room and a server really did blow up. I'm just glad it wasn't ours! It did knock us off the radio for the day, which as you know is as rare as a blue moon in June for us. It was actually the company we use to stream the live charting part of the Daily Radio Show that had the problem. It was easy enough to just cancel the show due to "circumstances beyond our control" and go play hooky on a Friday. In fact, I even sent a "No Radio" email to all our subscribers. Did you get it? If not, Apply Here to join our mailing list.

Click to read more ...

The Biggest Triple Top In Trading History

S&P 500 | The Biggest Triple Top In The History Of Wall Street

We talked about this last night but we need to talk again. It's not only quite possible, it's highly probable that you will never be confronted with a Triple Top in the S&P 500 of this magnitude again in your lifetime. Does this mean you should trade it? It means you need to be aware of it. It means you need to understand the potential ramifications.

Is this a doomsday warning? No, in fact... we could be on the brink of the greatest bull run in history. Do I believe that? Not really. However, if there is one thing I can say that I do know with great certainty, it is this - "anything can happen". There was a phrase coined on a CFRN live broadcast several years ago - "Embrace the possibilities". More than anything, my clarion call today is to encourage you to avoid becoming biased as to the ultimate outcome. To remain neutral, is to remain nimble, which allows you the luxury of participating in whatever unfolds. Both the Bulls and Bears offer very compelling arguments in regards to what lies ahead.

Click to read more ...

Trading Where No Trader Has Ever Traded Before

Uncharted Waters | Trading Where The Market Has Never Been

Tuesday the Dow broke through to new all time highs. Until Tuesday, no one has ever been able to buy or sell the Dow Emini Futures (YM) @ 14270. No doubt corks were popping somewhere, but I believe most of the world realizes this is by no means a measure of how great things are. We've climbed a wall of worry to get here, using bad news as our stepping stones all the way to the top... now what?

My guess is we still need to see the S&P 500 put in historic new highs as well. The fact that the Dow arrived on the scene so much sooner than the S&P is a bit surprising. Once the S&P clears the top, then we can move on to the "What now?" scenario. Most of us remember the last time we put in new highs, it got pretty ugly, pretty quick. Back away from the chart just a bit and take a look at the Triple Top on a weekly or monthly chart. In fact, have a look at this one - 

Click to read more ...

Emini Podcast | Episode #1607

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

Connect with us:

Emini Podcast for Tuesday 03/05/13

Emini Podcast | Episode #1606

(QQQ)(DIA)(SPY)(GLD)(BAC)

Connect with us:

Emini Podcast for Monday 03/04/13

Coaches Corner - Mental Blocks | Episode #11

Coaches Corner - How A Block Affects Your Trading | Episode 11

What is a Trading Block?

1. When your conscious mind is taken over by an unconscious action

2. Your subconscious is reacting to the trading situation

Click to read more ...

Learn To Earn Daily Income Trading Emini Futures

Creating A Paycheck With Emini Futures

Do you look at trading differently than an ordinary job?  In some regards we should, but when it comes to earning a living.. we can't afford to. Let me begin by saying that Trading Emini Futures is what I consider to be a highly skilled profession. You will not gain the knowledge or skill set, overnight.

You must be realistic from the outset. There will be an extended period of time in the beginning where you will have no income from your trading business. You need to either have a separate source of income or sufficient capital put aside for your living expenses. Many traders with excellent potential unwittingly sabotage their own efforts because they rush into trading with real money before they are ready. We all understand the pressures of bills, mouths to feed, etc..., this is why you must factor this in before you get started, as opposed to after it's too late.

Click to read more ...

Howard Schmidt Emini Trader | Interview

(QQQ)(DIA)(SPY)TSLA)(BAC)

Brief interview with Howard Schmidt

Emini Trader - CFRN Partner and winner of the iPad Mini.

Connect with us:

Interview w/ Howard Schmidt Emini Trader