Today we discuss the bullish divergence that took place in the Dow (YM) futures market this morning on a 240 minute price chart. This was a really well defined divergence and was accompanied by a hammer candlestick pattern, which suggested we should start to climb and...
SPX moved lower in AM trading. Due to weakness from Asia and a very poor Nonfarm Payrolls number. The market started to reverse in early afternoon, and has the capacity to run up to the 200-day Moving Average on Monday. Recent Related Articles Trading with a Ferrari:...
Today we discuss the momentum over the past couple weeks in the S&P emini (ES) Futures market. We always want to watch momentum when deciding on placing trades as this can be one of the best indicators of how a market will move as well as how much followthrough we...
Amazon.com (AMZN) is breaking lower today in follow through from yesterday’s down move. It has broken below the 8-day and 50-day EMAs, and will probably continue lower for at least one more day. Recent Related Articles Trading with a Ferrari: How Using Momentum...
Today we had another textbook breakout in the 30 Year Bond (ZB,US) futures market. This is a setup we look for every morning and if you were in the futures live trading room at Base Camp Trading, you had plenty of time to get into the trade. It moved just like...
Today we discuss a trade setup from the futures live trading room this morning in the Nasdaq (NQ) and S&P 500 (ES) futures contracts. The main point is to make sure you pay attention to the timeframe you are trading on. The longer the timeframe, the larger...
