Category Archives: E-Mini Dow

Trading Futures During Earnings Season – Trade Setups 7.19.16

This morning we were focusing on the ES, YM, and NQ.  2152 in ES, 18,443 in YM, & 4597 in NQ.  As I have mentioned many times before in my posts, I use bigger picture support and resistance lines for my bias and short term charts to execute those biases.  This morning we had some divergence with the Nasdaq trading the weakest, the Dow trading the strongest, and the ES right in the middle.

Not a surprise to see divergence among the Indices during earnings season.  Typically during earnings season traders can get chopped up because of divergences.  From years of getting myself chopped up in these types of markets I’ve learned to stay small and watch to see how the other markets react when one of the other markets gets stronger or weaker.

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Beacon Nails Bottom in Indices – Trade Setups 7.6.16

This morning in our member area and on Twitter I discussed the importance of three different levels in equities.

  1. the 2064 level in ES-E-mini S&P
  2. the 4369 in NQ-Nasdaq
  3. the 17,629 in YM-Dow.

They were our orange lines on our 60 minute Beacon Indicator.  That is our middle level, or better known as our pivot level.

If the bulls failed to hold those areas with hourly closes below them, we were anticipating steep declines the rest of today.  That being said, if we held those levels we were looking for a strong rebound in ES, YM, & NQ.  When we have a key area on our longer term charts we then look to our shorter term charts and strategy signals for indications to confirm or contradict our longer term bias.

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Why You Should Trade More Than One Market – Trade Setups 6.21.16

In this morning’s brief to our traders I discussed the strong possibility of an equities market that remained sideways between our indicator’s 60 minute pink and orange levels (see chart).  ES & NQ were coming up just shy of testing our levels, but the YM (Dow) had reached our pink resistance level, then triggered a short on our strategy.  

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Trading a Strategy Pays… Opinions Don’t – Trade Setups 6.14.16

This morning we were bullish the ES coming into the open, but were unable to execute a long trade. I’ve said many times before, I am a risk manager more than a trader. I can’t react off of every bias based on where the market could go. I have to have a strategy in place to execute my bias. One of the hardest things to do as a trader is to watch the market go your way when you are not in the trade.

In this business you will catch some trades and you will miss some trades, but if you don’t have a strategy, then you are closer to exiting the business than growing in the business. Because we were patient and followed our strategy we got a pullback to buy in the Dow @YM. It wasn’t the market we wanted to be in because we mostly trade ES, but since the YM retraced further to our support area and the risk made sense, that was the trade we had the option to take.

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