Blue bar high!

6/28/2010

Blue bars nailed the high of the day!

Happy Trading,

www.eMiniSchool.com

6.25.10 ES Chart +7.50 long

6/26/2010

We have been doing allot of updates on the TF so today i want to show a chart of the ES. This is a 3 minute chart. So the bigger picture was we had a lower target of 631 on the TF and that was hit Friday so we were not looking for shorts at that point. We wanted to wait for the smaller pattern to change so we could have a reason to go long instead of just trying to go long off the bigger support.

The key is knowing the bigger support but then you must break it down on the smaller chart and wait for that support to turn the market into a positive pattern that is repeatable to actually enter the trade, why? Because even though the lower target on the TF was hit that does not mean the market will go straight up. It very rarely will do that so we need to smaller time frame to base and give us a reason to get in.

The blue bars gave us a high odds reading that a big move was about to start. Aggressive traders could jump in on the blue bars but again that is aggressive. So what do we do? We wait for a certain pattern to complete off the bigger support then we wait for a pullback that is RED. We then get ready to go long once the bars go back to green which was at 1070.00 and our stop was 1068 or 2 points.

So the risk is 2 points and we are always going for 6-9 points with that kind of risk. So if we follow the trade up you will then see the blue bars came in to tell us to trail the stop to the low of the prior blue bar. The exit on the trade was 1077.50 or +7.50 on this trade. Looking at the chart you can see that is the trade of the day and that is what we are going for with dynamic stop rules to protect the position along the way. In this example no stop condition were meet until we got the blue bars to we can Sell Into The Strength of the move!

It is 1st know the bigger pattern then you break that down into smaller time frames then you get odds on when and where to enter. Stop making trading harder than it is! Just follow the patterns and add the tools to take it 1 step further. Then learn how to manage the trade with visual things that happen on the chart in real time.

Stop Trading For Ticks! If you learn one thing today make it the fact that there is no long term success in scalping the markets for ticks. It is no that easy, it is actually the hardest way to trade but most people will spend years searching for a scalping method that works consistently instead of spending the time just mastering what is proven to work.

Happy Trading,

www.eMiniSchool.com

631 Hit!

6/25/2010

The TF completed to our lower target at 631 from our last upper target at 674. We would be careful on the shorts here even of the market sells off a little into the close. There is a major decision level here and we might not know the conclusion until half way through Monday.

Knowing the 631 lower level gives us odds to NOT go short the 3 minute after that level has been achieved. This is where knowing the bigger pattern and trend and sticking to it will help you to make good day trading decisions.

Stop looking at a 1 minute chart and use multiple time frames for confidence. It is you learning how to do it then breaking it down into something you can repeat.

Happy Trading

www.eMiniSchool.com

Nice Short Trade

6/22/2010

From last night our outlook was down. We alerted everyone on the free list as well Sunday night saying that 674 on the TF was our upper level and we would not be long. Today we had a great sell signal with the TF , ES and NQ's.

The trick is first learning how to see the patterns and get the outlook then you must learn how to hold the trade. This takes time because you need full confidence in what you are doing so you can hold trades for more than a few points.

Thinking a 2 to 3 point trade is a home run is not the way you should be thinking. Do not limit yourself. When you gain the confidence you will be able to hold for more than 10 points on 1 trade and that is when you can start making money to live on.

Trade less and make more!

Happy Trading,

www.eMiniSchool.com

TF target hit today at 674!

6/21/2010

I ran out of time with this video. I would be careful going long as our upper target was hit today. From the 605-606 lower level on the TF we have rallied right into our upper target today.

Happy Trading,

www.eMiniSchool.com

Blue Bars -Highs & Lows-

6/18/2010

This is a 3 minute TF chart of the last few days. The thing to look at is the blue bars. When the indicator is high that means the move is over and when the indicator is low that means the move is just starting.

Our outlook in the markets have been up since the TF completed the pattern at the 605 area. Last week the TF came within 3 points of our upper weekly target. The NQ went beyond our upper target. And the ES went above our upper target by 1 point!

All these targets were from June 9th and all our nightly videos are saved so anyone who joins our group can go back and look at all our outlooks , targets and WHY we have them and how we get them (this is key).

On this chart you can see that the blue bars the last few days nailed the low of the day and the high of the day. We also had some really nice long signals intra-day that were in the direction of our outlook (this is also very key). We always want to take trades in the bigger trend direction knowing we will get counter trend signals along the way but to ignore them OR if you are aggressive you can trade them but you must use the counter trend rules.

Once we get blue bars we trail the stop to the low of the prior blue bar on longs and the high of the prior blue bar on shorts. We let the market take us out of the trade so we cut down on real time emotions. There were 2 nice trades each for 6 points using our entry method and letting the market take us out of the trades. This is different than most people that count the whole move without a clear exit strategy. The blue bars is just one of our 3 stop methods, but when we get blue bars it over rides all other stop methods and you get out of the trade.

In looking at the chart would you stay long when the blue bars appear at the top of the chart? Would you stay short when they appear at the bottom of the chart?

Would you short our long signal?

The key to trading is having the bigger pattern then having a way to break that outlook down so we have the smallest risk for the most profit intra-day. The only way to build your confidence is to have real time odds on your side that is visual on your charts. Notice how the chart is clean without allot of conflicting indicators. Most indicators will do you more harm than good.

Trading is not only knowing what to do it is also knowing what NOT to do. If you can learn what to do first it makes it allot easier to learn what to do so you can repeat good habits and get rid of bad habits.

Happy Trading,

www.eMiniSchool.com

TF completed pattern at 605

6/14/2010

The TF completed down to our lower target at the 605-606 area. We have had that lower target from more than 3 weeks following the pattern down. It is key to only trade in the bigger pattern direction.

1st learn how to get the pattern

2nd Only trade within that direction

Happy Trading,

www.eMiniSchool.com

NQ Pattern Completed

6/6/2010

The NQ completed the pattern and hit the upper level we were looking for on the 60 minute chart. This is a good example of why it is best to watch the TF, ES and NQ all together so you can see if one market will complete pattern and turn the market.

Happy Trading,

www.eMiniSchool.com

Very nice buy signal

6/2/2010

Today there was a very nice buy signal. The long was good for 6 points. The blue bars caught the start and the end of this move.

Tomorrow the outlook is up to the 60 min targets.

Happy Trading,

www.eMiniSchool.com

2nd session short for 16 points

June 1st, 2010

The markets are at a spot here where the TF could dive down to the 600 level if not further. Tomorrow we could see a bounce before it makes its move if we get another short signal.

This isa good example of the 2nd session trade. There has been some nice 2nd session trades the last few weeks. Today the TF fell 16 points off the set up and the ES fell 19 points. Even if you catch half of that it is a great day!

Happy Trading,

www.eMiniSchool.com