Trendlines – E-mini S&P May 21, 2010

I get asked a lot of questions about how I trade e-minis and how I can catch every pop and drop, when to go long or short, etc..

There are things I look at, but most important is Technical Analysis. Think of “Technical Analysis” as a toolbox. Inside this toolbox there are many tools at your disposal. One of the most important tools (In my opinion) are Chart Patterns.

Here is my 5 min chart of the E-Mini S&P futures that I was trading. Only thing I added to it were captions of the setups I traded.

Everything played out the way it was supposed to. The market moves in a progression of chart patterns, one after another.

One important thing is to do your analysis in multiple timeframes so you do not loose sight of the bigger picture. Take a look at the 15 min chart. This time intra-day only.

What’s that look like to you ?? Chart patterns aren’t 100% but odds are pretty good that they play out. Until next time.

Weeeeeeeeeeeeeeeeeeee.

About the Author