One breakout setup, two trades today in the emini russell futures daniels trading stock symbol for oil futures

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The stock index futures had a breakout setup for today exchange rate to usd. For the eMini Russell futures this resulted in two trade opportunities- one overnight and another for the day session.

The NR7 and doji bar on Tuesday told us to anticipate a breakout move for Wednesday. For a downside breakout we would watch the Tuesday session low of 1173.80; shorting the market if it dropped below that level. Traders got that opportunity overnight as the market sold off, dropping to an overnight low of 1169.10.

I generally trade the stock index futures during the futures pit / stock market hours- between 8:30 AM and 3:15 PM Central. I find that by waiting for the 8:30 AM open we can avoid some erratic markets and it leaves us free to trade during the hours of best liquidity.

When I write the morning watch list for Swing trader’s Insight I’m writing with an eye toward what to do for the day session.


For the Russell my comment was: “Breakout setup equity meaning in tagalog. From here I would look for a downside breakout on another move below the 1170.00 area; regaining 1174.00 could cause a rally.” I watched 1170 because it was a Fib retracement level (50% back from the 11/4 low to 11/11 high); another push below there could restart the overnight selloff.

On the upside I suggested the 1174 because it was the area around Tuesday’s low (1173.80) and the 3 x 1 DMA, a moving average I follow for stock index swings. My thought here was that the overnight move below Tuesday’s low led traders to short the market; a subsequent move back above there would likely lead to short covering, which could gain momentum as the market rallied.

This was a good example of how waiting for the day session open could keep you free to look for new trades. The Russell rallied into the 8:30 open, triggering a long entry a few minutes after the open us dollar to canadian dollar chart. The initial stop loss could be placed below the 1171.30 low from just before the open.

As would be expected on a breakout day, the Russell has been making higher highs and higher lows today. The initial push higher reached 1178.60 and the next move made a new session high to 1180.40 pound sterling to us dollar exchange rate. The next upside target would be 1181.90 (Tuesday high), which is also the standard reference price for an upside breakout. Try Swing Trader’s Insight for 14 Days

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STOP ORDERS DO NOT NECESSARILY LIMIT YOUR LOSS TO THE STOP PRICE BECAUSE STOP ORDERS, IF THE PRICE IS HIT, BECOME MARKET ORDERS AND, DEPENDING ON MARKET CONDITIONS, THE ACTUAL FILL PRICE CAN BE DIFFERENT FROM THE STOP PRICE. IF A MARKET REACHED ITS DAILY PRICE FLUCTUATION LIMIT, A "LIMIT MOVE", IT MAY BE IMPOSSIBLE TO EXECUTE A STOP LOSS ORDER.

This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71 1 hkd to usd. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.

Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.

You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage 1 usd to ngn black market. Daniels Trading is not affiliated with nor does it endorse any trading system, newsletter or other similar service us dollar euro exchange rate history. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.

Filed Under: Stock Indices, Swing Trader’s Insight, Swing Trading Tagged With: eMinis, Scott Hoffman, Swing Trading, Taylor Trading Technique Reader Interactions

Scott graduated from the University of Chicago in 1986 with a degree in Economics. After graduation, Scott worked on the floor of the Chicago Mercantile Exchange then moved upstairs, serving as the personal broker to a former chairman of the Chicago Board of Trade. There, he worked as a broker and margin manager, starting up the firm’s full service brokerage division.

Today, Scott serves as an educator and mentor for new traders, and as a trading partner and ally for experienced traders. The breadth and depth of Scott’s knowledge make him the “go to guy” for both retail and institutional traders.

Scott also publishes two futures advisories, Swing Trader’s Insight and Trade or Fade exchange rate usd to idr. He also writes the futures trading blog at www.futuresinsightblog.com. Scott has written articles for a number of futures publications and has done numerous futures trading seminars, including seminars for both the CBOT and CME.

Scott offers his customers the knowledge he has gained from his more than 25 years of experience in the futures business. Scott is accepting new clients at this time.

Scott lives in suburban Chicago with his wife and three children. In his free time he enjoys coaching his children’s sports and various other athletic activities sgd to usd chart. Primary Sidebar

This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others us stock futures cnn. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.

Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.

You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.

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