With two hours of trading left, the US Stock Market indexes have shed over 2% of their value from yesterday’s close. Let’s learn a lesson from the intraday price movement so far and see where the charts may wind up for the day. First, the @YM Dow Mini June Futures Contract 5-minute chart: Be sure…
Let’s jump right into the intraday action and ideal trades (looking from the benefit of hindsight) that formed throughout the day. Let’s examine a new format, using the Dow Mini futures contract (@YMM08) viewed using what I see each day on TradeStation: (Click for full size image) Price was already on a move down when…
Part of being a trader is evolving not only as the market changes, but as you change and learn new information and assimilate that information into what you already know. I’ve shied away from trading futures heavily, because of a lack of experience or comfort with that market, compared to my years of knowledge about…