ES Update!

3-21-10

Hello Traders,
Looking at the ES daily chart we have broken out from the last high of 1148.00. From there we made the first push to 1165.50 and as i write this article (Sunday Night) the ES just came down and retested the 1148 breakout level.

Thursday the ES closed a Doji then friday we took that Doji out to the downside or "bear engulfed" the Doji from Thursday. This is a sign of weakness but since we are holding above the 1148 there is still strength in the market. This could change fast once the market opens tomorrow.

The bigger outlook level we have for this leg to complete is the 1228-1238 zone. Does that mean we are going to go up to that level in a straight line? No, but that is our upper target on this leg. Once we have our Daily and Weekly upper target we break it down day by day with the nightly emails to keep our members trading with the symetry of the markets.

Thusday night we had our target of 1152 for fridays predicted low. We did trade down through that a couple of points but then closed back above that level. On the shorter term outlook we are looking for 1174 to complete the smaller wave IF 1152 holds tomorrow.

The Key in trading the patterns is to have a multiple time frame outlook and for that we use a 60 min, 10 min and 3 min chart. The 3 minute is for our entries using the Kill Zone #2 indicator to confirm the pattenrs and to give us the entry and exits.

The reason we use a 60,10 and 3 is so you have a 3X6 view on the markets. When day trading we are making it harder than it is suppose to be meaning; if we were just swing trading it would be a heck of allot eaiser becasue all we would have to look at is the Weekly and Daily charts. When we break down a daily bar into intraday bars we are throwing confusion into the situation and there are so many intraday intervals we can use , which one is the right one? The answer is there is bigger waves and smaller waves within the bigger waves so knowing that we do not want to have too many time frames up to confuse us, especailly a 1 min chart. For this reason we like to keep our charts clean without allot of conflicitng indicators and keep the daily bar broken down into only 3 time frames or 3 different views on the market to keep us always trading the 3 and 10 min in the direction of the 60 min trend and pattern.

If you find yourself confused during the day slow the market down by using a bigger time frame and remeber the bigger time frame always prevails.

To learn more with how we appoach the markets simple email us at trade@eminischool.com and we can set up a time to talk and look at the charts together in real-time.

Have a great trading week!
www.eMiniSchool.com

Very Important Market Update!

2/24/2010

Traders,

In the last post we were noting the 1106 level as a decsion point. The levels we actually 1106-1118 noted to our premium members. From that level the market fell for 22.00 points.

We broke through the monthly high trend line and came back to re test it (this is bullish) but what i am looking at is the 1112.75 level. This is not a minor high there are 4 overlapping fib numbers at that level. So play close attention to the next couple of days and if we take out the 1112.75 then the 1147 we could push to the 1233 level.

Rigth now could tell us where the market is going for the next month so play close attention tomorrow and the next day to what the market does.

eMiniSchool is now a NinjaTrader Partner!

Contact us for more details. YES, our indicator package works on Ninja's Demo!

Happy Trading,

http://www.eminischool.com/

trade@eminischool.com

HUGE PATTERN 1106 target hit!

2/18/2010

Traders BE AWARE of what happend today. We are at a very crucial level with the markets here. Todays top potentially could be the top for the next few months so we would be placing stops on longs very tight or selling covered calls on long term positions in your retirement accounts.

From the last few updates we had 1145 as the projected high then 1041.50 as the low then 1073 as a minor top and now 1106 as our major top.

Play close attention tomorrow and if we take out todays low watch out below!

Happy Trading,

http://www.eminischool.com/

P.S the chart above is the 10 min ES notice how the blue bars caught the start and the end of that move today. Blue bars when the indicator is low means a big move is coming and when the indicator line gets high with blue bars that means get out of your longs...

Another Great Week!

2/12/2010

We had another great week with our outlook and members only emails Plus our real-time Instant messenger service we just added for free for all of our members. From the last post we noted that within the IM service we were watching the 1041.50 level as the low and that was confirmed with the open of the next day. All week we have had the 1055 level as our "make or break" level meaning; we were taking all the long signals all week as long as the ES stayed above the 1055 level and that worked out great this week. Here is a snapshot of todays (fridays) IM alert.

Sean Mckissen(2/12/2010 11:17:02 AM): We are looking for the 1079.00 then the 1084.25 upper levels for today of 1075 is cleared again.

Then today after hours we hit the 1079 level to the tick (chart is above).

Going into next week the markets could get crazy so right now is the time to have a clear trading plan.

Call us our email us today to learn more about what we do!

209.682.5653

http://www.eminischool.com/

What a day!

2/5/2010

What a day! We have added in a new feature for our members which is real-time IM alerts. This was the first week we did it with great success. Calling the highs and lows and the direction almost the the point on the ES and TF all week long. Here is a snapshot from todays IM. Look at the time we posted that 1041.50 was our low target of the day. It was 9:16 west coast time. This is a free service for all members.

Sean mckissen (2/5/2020 9:16:33 AM) 1147.50 then 1145.00 then our lower target on the day is 1041.50. Everyone have a great weekend!

From that low we rallied back up to the 1062.50 level thats over 20 points or $1,000 trading a 1 lot!

This new IM feature is great for real-time mentoring and we are doing it FREE of charge for all members.

Also look at the 7 min chart above. The blue bars also confimed that level as the low. The blue bars caught the exact low bar on the day!

Happy Trading,

http://www.eminischool.com/

ES 1066.00!

Jan 30th, 2010

From our 1145.00 high target the market has fallen 79.00 points or $3,950.00 dollars trading a 1 lot! Not a bad move but what is our outlook now?

On this leg down we have had a lower target of 1066.00, we have had this target for the last week. Friday after hours the ES hit 1066.50 so we are 2 ticks off of the target being reached which in our book that is close enough to call it hit. So what does this mean?

This means that we are now thinking the markets will trade sideways to up over the next couple of days then start a up move to the 1110.00 area. Could we be wrong? YES we could be as the market is falling right now but knowing the high odds reversal zone in advance can help us in multiple ways. Here are 2 good things to keep in mind.

1. To not get too aggressive short at these level.

2. Know that the markets could be choppy on Monday and Tuesday and to be quick about our trading.

We are not saying we are buying this low as that would be counter trend to this leg. But what we are saying is to be careful shorting this level with allot of contracts on the line. We are in a area that we could bounce hard so be careful with the shorts.

Saying all of this we have to keep a few things in mind. We do not want to go long with heavy contracts unless we at least take out a swing high on the 30 min chart. Notice how this down move we were making lower highs and lower lows making it a downtrend. That is easy to see and is very important you stick with the symetry of the market until it actually changes and that would be taking out a new swing high and we have not even made a swing high yet.

The point is if the 60 min chart is near or at the lower target know that it takes time for the 30,10 and 3 min to actually change to the up direction so the next few days could be choppy if we actually are putting in a short term low.

We could bounce up to 1080.00 then come back down to 1075.00 then go up to 1090.00 then come back down meaning the markets are probably going to be choppy while the smaller time frames are going to try to change the symetry of the 60 min. These are the days that most traders lose money as they hold for a big move that never pans out.

We have had great sell signals on the 10 min all the way down to this point from the 1145.00 high target. We are now being careful with shorts as just about the time it feels right to go short the market will squeeze everyone out of their shorts and start going up.

Happy Trading,
http://www.eminischool.com/

ES Were you watching?

Jan 23rd,2009

In the last post we were noting how the market was at a very important level to move stops on longs becasue the market was setting up for a fall. We also emailed all our members and our free email list to warn about the up coming drop. The next trading day after the email and Blog Post the market was up. We got allot of emails saying how we were wrong in our predicition. Yes, we were wrong by 1 trading day. But we said this is a MONTHLY reistance so it could take a few days for the chart to align.

We teach how to get a overall market outlook and how to stick to that outlook so you dont get emotional entries in the markets. 95% of entries are emotional NOT technical. We teach technical trading for the Bigger picture then how to nail it down to a smaller time frame to take advatage of the moves with less risk by using the Turbo Scalper System or by using our 3 time frame trading style that is build for confidence and tight stops.

We hope you found some value in the last post and emails and at least move the stop up on some of your longs if not participate on the short side.

To get our members on emails with specific levels and trades for Stocks, Options and Futures Join us today and get it all for free!

Until the next update,
Happy Trading,
www.eMiniSchool.com

P.S Looking at the 15 min chart above notice how our blue bars caught evey low in this down move! Friday we didnt get a blue bar until the last bar of the day, the bars stayed red all the way down making it eaiser to follow the rules of our system.