Tomorrows Outlook

Oct 31st, 2010

Going into tomorrow our outlook is that if the TF breaks the 710.00 high then we should see the 730's pretty quick. Of course there are always two things that could happen and if we go down the target is 683.00. It is knowing the two outlooks and then gaining odds on which one should play out and since the market is still in a up trend the odds favor 730 before 683. We will not know until the market opens.

Even though most traders have been trying to pick the top of this wave since the 8/24 low we have been long and each night we do a video to break down the wave into smaller waves so we can get levels for day trading.

It is important to stick with the pattern until the pattern is broken no matter how strongly you might feel we are nearing a top. Nothing is worse that picking the top to soon. Not only will you lose on the shorts because you are too early but it will be hard for you to get back in long so you push yourself into a corner and most of the time it is a negative outcome.

Watch these levels for tomorrow going into Tuesday!

Happy Trading,

www.eMiniSchool.com

CME +18.00

Oct 28th, 2010

From the entry on CME on 10/28 at $271.00 we are up +18.00 points at the close of today. We are moving our stop to $277.50 to lock in +7.50. This is the stop for swing traders if you are more active you could always sell some and hold the rest for the $300.00 target.

Happy Trading,

www.eMiniSchool.com

Blue bar high and low

Oct 28th , 2010

Just a quick update with the chart from today. When the market gapped up we had blue bars to us to not go long and that was the high of the day. Then once the market fell the blue bars came in again at the low. The market did go lower but we are not interested in that low as a short. Notice how it broke lower then it reversed up hard to make the low of the day on the break down.

The blue bars give us areas with odds in real time. There was a long signal that had profit opportunity but the market was very choppy after the long signal.

Going into tomorrow we are still in the bigger contraction so that is a low odds area plus it is going to be Friday which is a low odds trading day. We would scalp a few points and be done for the day.

Happy Trading,

www.eMiniSchool.com

Very nice long signal

Oct 27th, 2010

There was a very nice long signal today off the bigger support low. This is why it is so important to understand how to get the bigger levels. All the small time frames are trading inside the bigger time frame so if you are only using a 5 minute for your bigger direction chart it time to learn how to go bigger with your charts even if you are only scalping.

The pattern gives us where to enter the trade and the color change of our indicators give us the when. Without knowing both your odds are very low to consistently not only make money but understand the true direction.

The pattern is what develops the trend and if you wait to long as a day trader for the trend to be confirmed you are most likely too late. Step back and look at the bigger, medium and short term patterns for best results that you can repeat.

Happy Trading,

www.eMiniSchool.com

NQ&TF Blue Bar Lows

Oct 26th 2010

From our member video last night we had TF support at 698.80. I know saying this after the move is over may not be good enough but any who joins can go back and look at all the videos. Nothing is hidden with what we do. We give specific levels for the next day and our weekly outlook and we follow it every day to go with the pattern and learn how to stay with the pattern and why.

All three markets today had blue bars right at the lows and our lower target from last night, what does that mean? That means that not only do we have the targets we have the tools to confirm those levels.

Happy Trading,

www.eMiniSchool.com

NQ and TF

Oct 25th , 2010

Today the TF went up and hit the first target we had from our last video to our members. Notice how the NQ had blue bars at the high when the TF did not. The ES actually had blue bars as well but the point is that we use the NQ, ES and TF to watch for targets to be hit or blue bars to tell us the move has high odds of being over.

We get targets based on the pattern then we break it down to use the indicators. This is a different approach than most that are solely relying on indicators. Learning the patterns take time but if you are going to risk your money trading you need higher odds than just looking at a indicator at obvious support and resistance levels.

We will do a live show tomorrow starting at 11:15 am EST time. If you want to join us all you have to do is click the Live Radio Show link at the top of this page.

Happy Trading,

www.eMiniSchool.com

Do Fibs Work?

Oct 24th, 2010

In our opinion if you are trading without understanding how to apply fibs you are at very low odds of making money consistently. It is not only using them it is how you use them. In our 15 years of trading we have developed a way to use the fibs with less confusion. Also in our 15 years we have seen that most people apply the fibs wrong to their charts. Even the most well known traders use them wrong. So if you were taught the wrong way to use the Fibs you will give you a false result and you will not be able to build confidence.

We all know that the markets do not go straight up or down so it is understanding that depending on what the pullback looks like determines if the trend will continue or not. All the pullbacks develop the trend but if you wait to long to get into the trend you will be wrong as well. This is what is frustrating about trading you can be right on the direction and still lose money if you are too late entering the trade.

Look at any chart and you will see waves up and down, it is normal and using the Fibs can tell you if the last move was true or false. If the wave is true it will resume and if it is false then the last low will be taken out (this is a long example).

It is important to use fibs on multiple charts so you can see the bigger pattern as well as the smaller pattern. If you ignore even one of the time frames we use then your odds are cut in half instantly because you will not see the full story behind what is happening.

It takes time to learn how to properly use Fibs both on the retrace and extension side of the equation but it is how the market naturally flows and if you are not using them you are most likely trying to trade against the true condition of the market making it much harder on yourself.

On a side note in our 15 years of trading we have never found a auto-fib-tool that comes close to drawing the fibs in yourself meaning; don’t try to skip the education and think you can just purchase a auto fib tool that will tell you what to do. Save the money and learn how to use them yourself manually because the outcome will be much better and you will understand why you are suing them not just waiting for something automatically to happen on your charts.

To learn how to use Fibs the correct way and to understand how to use them on multiple time frames to gain the highest odds join our group today and get the core videos plus our day by day video that follows every move in real time.

Happy Trading,

www.eMiniSchool.com

Market Still in UpTrend

Oct 21st, 2010

Even though the market had a move down today the market is still in a uptrend and this move down was calculated and it is normal market conditions. This is where we do not let one day change our outlook unless we break the pattern and today we did not break any bullish patterns we actually just completed one.

This is a chart for the NQ today. We had blue bars at the low of the day right at the bigger 3 day pattern. The TF made a double bottom when the ES and NQ held the support target. This is why we always use all three markets to confirm each other.

Happy Trading,

www.eMiniSchool.com

NQ Chart

Oct 20th, 2010

To continue with the NQ chart from yesterday here is the NQ 3 minute chart from today. Blue bars right at the high then we went into a contraction. We caught the contraction on the live broadcast. This is where knowing how to determine the condition of the market beforehand is very valuable.

Happy Trading,

www.eMiniSchool.com

PS. If you want to watch the recording from today use this link:

http://www.livestream.com/theschool/video?clipId=pla_a95eaca5-9ef8-47b7-9419-b56e1974af72&utm_source=lslibrary&utm_medium=ui-thumb

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NQ Charts

Oct 19th, 2010

We had a request for us to show the NQ charts from today and posted above are the 10 and 3 minute charts. The blue bars caught the lows.

Even though we went down today the low was very calculated and the bigger pattern is still up.

Happy Trading,

www.eMiniSchool.com

P.S Tomorrow we will do a live broadcast at 11:15 am EST.

CME Breakout 10-18-2010

Oct 18th, 2010

From our members video last night we noted that CME could be poised for a breakout to the upside if it took out the $270.00 high and today CME closed up $13.36 points.

Notice at the last low we had blue bars telling us that the $235.00 low was very important. The $235.00 level was also the bigger support buy zone on the weekly chart meaning; even though on this chart it looks like the $235.00 area would be trying to pick the bottom it was actually a weekly buy level and the $270.00 entry would actually be a minor wave breakout in the bigger trend.

Would you stay short at the $235.00 low if you saw the blue bars?

There was also a 80 point rally off the blue bars on 2/5

We will try to do more stock trades on this blog going forward.

Happy Trading,

www.eMiniSchool.com

Oct 13th Chart Update

Oct 13th , 2010

This is just a quick update on the charts from the last few days. The bigger daily leg is really in play so the smaller charts just go straight up and that is why we also use our scalper methods. When we say scalper that is just the name of the method but we are still trading for +2 points profit on each trade minimum.

Happy Trading,

www.eMiniSchool.com

Oct 11th TF Chart

Oct 11th, 2010

This is a snapshot from today of the TF three minute chart. At the top of the chart we had blue bars telling us that the move up had high odds of being over and then the TF went up to attempt to break the blue bar high. This is what we call a false blue bar breakout meaning we are not interested in that move long unless there is a specific pattern after the blue bar high.

From that high the TF fell down and made a low at the 692.50 area. Notice how the blue bars came in at that low as well. We use the blue bars as a alert on both the long and short side. Once the blue bars come in we trail the the high or low of the last blue bar and let the market take us out of the trade.

It is a important thing to see because even if you were not long going up into the high or short going into that low it will still give you odds of what you should be looking for meaning; we know not to enter long after a blue bar high or short after a blue bar low.

Happy Trading,

www.eMiniSchool.com

PS It does not matter if you trade the three minute chart or the scalper we stop trading in the direction once the blue bars come in. It is the thought of "if i would not go long on the three minute I know to stop going long the scalper by default". Time frames are just tools for entries the indicators give us odds to the pattern and the direction of how far the pattern could go.

Blue Bar Low

Oct 6th, 2010

Today we had blue bars at the low on the TF. If we are short going into this signal we trail stop to the last bar to protect profits.

The bigger picture is still up and we did go through some key resistance levels yesterday. The ES and TF broke to new highs on this leg but the NQ did not. We are watching the NQ closely at this level. Even though we are extended in this leg the strength and pattern is still up and it is best to stay with the pattern until it is broken.

Happy Trading,

www.eMiniSchool.com