Learn to Trade Emini Futures - Head And Shoulders Pattern

The S&P500 Emini Futures took a backseat today as all eyes were on the Dow Jones Industrial Average (DJIA) and the 13,000 level. The last time the Dow closed above 13,000 was May 19th, 2008. Although we did trade above 13,000 intra-day, the market sold off into the close so "Close, but no cigar". A more important level to watch perhaps is how the S&P500 Cash Index handles 1,370. While it may not receive as much press, of the two I believe it to be the more critical metric of whether the markets continue what has thus far been a very impressive multi month rally against a backdrop of angst and the proverbial wall of worry.

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Learn to Trade Emini Futures - Support And Resistance

The S&P500 Emini Futures ended the week on a high note! House lawmakers voted 293-132 today to approve the bill which will extend the current 4.2% payroll tax through the end of 2012, as well as extend prolonged jobless benefits and prevent payment cuts for Medicare doctors. The Senate quickly followed, approving the bill in a vote of 60-36. 

We've wasted an awful lot of time, money and energy getting this resolved so what does it really mean? The typical family making $50,000 a year will keep about $40 with each paycheck. That pans out to $20.00 per week. Seriously? $20.00 per week for a family making $50k per year. What will $20 buy?

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Learn to Trade Emini Futures - Emini Podcast 02/16/12

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Emini Podcast for Thursday 02/16/12

Learn to Trade Emini Futures - Emini Podcast 02/15/12

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Emini Podcast for Wednesday 02/15/12

Learn to Trade Emini Futures - Emini Podcast 02/10/12

The S&P500 Emini Futures double bottomed today at the Weekly Trading Zone 1333/1334. We talk daily about Fixed Support and Resistance versus Dynamic Support and Resistance and how learning to balance the two creates a trading environment that is conducive to low stress, high probability trading.

Not only did our Fixed Support (weekly trading zone) catch the bottom (twice today), CFRN Partners also nailed the high of the session at the 1342/1343 Fixed Resistance (weekly trading zone) which was also issued Monday morning before the markets opened.

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Learn to Trade Emini Futures - Trend Trading The Emini

The S&P 500 Emini Futures continued the upward trend putting in a higher high in an attempt to reach the 1354/1355 Weekly Trading Zone ahead of Greece announcing their resolution. There will not be a Podcast created on Thursday, we will return to our normal Daily Live Emini Broadcast on Friday.

The Trend Is Your Friend!

Certainly a well worn trading adage, but what does it really mean and can we use it to improve our Emini Day Trading?

The definition of a Trend is simple enough: The general direction of a market. Trends can vary in length from short, to long term. If you can identify a trend, it can be highly profitable, because you will be able to trade in that direction. Hence the familiar saying -  "The trend is your friend until it ends".

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Learn to Trade Emini Futures - What Is Spread Betting?

Spread Betting is is a leveraged tool that gives investors the opportunity to trade the financial markets without ever taking physical ownership of the underlying instrument. It's quite huge in the UK as they pay no tax on their gains. It's also illegal for a U.S. citizen to open a Spread Betting account.

How did I, a humble Emini Futures Trader gain such intimate knowledge of the subject?

"This is London calling..."

Edward R Murrow?
The Clash?

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Learn to Trade Emini Futures - Direction Momemtum Trend

The S&P 500 Emini Futures gapped lower on the Globex open Sunday night and spent the next 12 hours crawling back up to where we were Friday afternoon. It's now Monday night on Globex and price just touched the Weekly Trading Zone at 1342/1343 completing an all day Zone to Zone move.

The Zone to Zone move also correlates with our Emini Tweet last night to "consider buying the market or 1333 Limit" -

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Learn to Trade Emini Futures - Weekly Trading Zones

This is a good example of why Weekly Trading Zones are such a critical piece of our trading process. The Zones go out to CFRN Partners before the market opens on Monday. Partners had this Zone before the opening bell last Monday...

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Learn to Trade Emini Futures - Emini Podcast 02/02/12

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Emini Podcast for Thursday 02/02/12