We have been following the 1499.25 level over the past several days, noting that it is an important level for this market.  There are three other blog posts on this topic, in case you missed them.  Click to see: the first post, the second post, and the third post in the series). Once again this morning, just before the US open, a trade triggered again at the same level.  Did … [Read more...]

In mid-January during the free, New Year, New Start webinar, I discussed the spring on the daily Soybeans market that had just triggered.  I went into some depth on why this setup was choice.  If you didn't catch the webinar, the recording is still on the site.  Click here to access it: New Year, New Start Webinar.  Anyway, here's an update of that trade. Spring in … [Read more...]

The last two posts (you can read them here: A Lesson in Trading and here: Follow up to Yesterday's A Lesson in Trading) I've been discussing key levels and the kinds of trades that set up around them.  Frequently, when these levels are revisited and especially when we come back down and go through a key level (or rally up and through the level), the market will offer another … [Read more...]

“I watched the 3 10 course today and just wanted to thank you for putting together such a great course. I’ve taken two trades today. I got the spring on the emini just before the ISM num­bers came out. Nice and fast 4 points. Ear­lier, I got a text book spring setup on the 500 tick AD chart with a very nice 3–10 setup. See chart on 3–10 Momen­tum Oscil­la­tor Page. Easy money! … [Read more...]

I wanted to follow up on yesterday's post that centered on identifying key levels around which the market is likely to trade.  (You can review that post by clicking here: Yesterday's post. ) If you recall, the key level was 1499.25.  It was last week's high and we saw on the daily chart that the market had traded around that level (1498 - 1500) for a couple of days. Take a … [Read more...]