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

Sept 30th Market update

Sept 30th , 2010

Today the ES hit one of our upper targets that we have been waiting for for 3-4 days. After we gapped up and hit that level the market fell back into the contraction not showing any strength the rest of the day relative to the move down.

Until this level is confirmed the market could be choppy the next few days with pressure to the downside. It is important to know we are still in a up trend but we are getting to the point where the last high has odds now of being more of a substantial high.

Also we cover the 3 min TF and ES in this video.

Happy Trading,

www.eMiniSchool.com

9/29/2010 Live Trades

9/29/2010

Thank you to the people that took the time out to attend the Ninja Webinar. We were rushed for time near the end when everyone was asking questions and we did not answer one question that said to show our trades for today. So we wanted to take a minute to answer the question so all questions were answered.

The TF basically had a contraction in the morning then the contraction turned into a wedge and then we had yellow bars telling us that the contraction could turn into a expansion. Our bigger outlook was up from last our member video last night so the yellow bars have higher odds of starting a move to the upside plus the last pattern was up even on the 3 minute chart.

From the expansion we got filled at 673.00 (I was a little late on the entry) then we sold 2 at 675.80 and 3 at 675.40. We entered long again at 676.00 and the price spiked to 677.80 and that was the high of the day. We exited the last long at a 3 tick loss for a total of $1150.00 for the day on 5 lots. The rest of the day was pretty much sideways and after the 2nd trade we did not take another trade as our outlook is bigger contraction with a direction of up.

Hope this helps and let us know if there is any more questions that we not answered.

Happy Trading,

www.eMiniSchool.com