This video discusses the support we used as a profit target for our Crude Oil (CL) shorts from this mornings futures live trading room. We also discuss why we used a support “zone” instead of just a single pivot low for the target. Recent Related Articles...
Today we discuss a trade from the futures live trading room where we shorted Crude Oil (CL) Futures on a compression breakout using Renko price charts. We also used the MQ Momentum Trender Pro indicator to confirm the breakout. Don’t forget, the Base Camp...
Today we discuss a trade setup in the Nasdaq (NQ) futures from the futures live trading room this morning. It is what we call a run on the stops and it occurs when there is a break of a resistance level, then the market immediately turns and closes in the opposite...
Today we address a common misconception about the correlation between bonds and indices. Many traders make the mistake of believing that bonds and indices always move exactly opposite, meaning bonds go down when indices go up and vice-versa. They are somewhat...
In today’s video we discuss why you should sell the weakest market or buy the strongest when approaching a basket of correlated markets. Specifically, we talk about how the Nasdaq futures (NQ) were the weakest market today and the Dow futures (YM) was the...
Today we break down the importance of using value in your trading for filtering bad trades and for profit targets. We specifically discuss how we used the MQ ValueBars(R) indicator to determine when to exit a short trade from a breakout in the Dow futures market (YM)...
