Pivots, Patterns, and Intraday Swing Trades. Derivatives Analysis with the E-mini and Russell Futures Contracts + Website. Wiley Trading

  • ID: 2638682
  • Book
  • 240 Pages
  • John Wiley and Sons Ltd
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When the Chicago Mercantile Exchange launched the S&P 500 E–mini in 1997, non–professionals were offered an opportunity to trade on an even footing with professional traders. A veritable boom of E–mini stock index trading worldwide, demonstrates the CME′s experiment was a smashing success.

It′s easy to see why E–mini trading has become so popular among day traders. First, there are the much lower margins associated with the smaller contract sizes. Also, because trades are executed entirely electronically, there are no market makers or floor brokers. And, unlike commodities or standard futures, there is virtually no chance of manipulation, insider trading or any of the other problems that occasionally affect other financial markets. But along with its many advantages and abundant opportunities, E–mini trading brings an entirely new set of challenges and potential pitfalls that can bedevil the best laid plans.

Due to extreme leverage and the intense participation they receive, the stock index futures markets afford little time for traders to dwell on technical conditions. Intraday volatility in the stock indices is far more exaggerated than that reflected in the daily bar charts of other markets. And positioning techniques that have proven reliable in anticipating the actions of long–term trends in other instruments, fail miserably when applied to the countertrend reactions of the highly leveraged S&P futures contract within the shorter, intraday time frames.

Author Will Scheier draws upon his decades of experience as a highly successful day trader and trading educator to provide you with:

  • A framework of Day Models for making sense of the chaos of the day trading environment
  • Codified, easy–to–adapt trade entry setups
  • Trading techniques that are anything but mechanical scalping
  • Technical Trade Event Models and their rules
  • Tools for spotting major intraday swing trends at the instant they begin
  • Fresh insights to Old School and floor trader concepts like the Open Range, Taylor 3–day Cycle and classic pattern breakout filtering
  • Archived performance record of real–time trade calls

Engaging, informative, practical, this reliable resource will put you in a prime position to profit mightily in today′s ever more volatile stock markets

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Preface xi

Part One Time Frame Concepts

Chapter 1 A Three–Frame Day 3

Chapter 2 Opening Range Bar 13

Chapter 3 Pivot/Exhaustion Grid 23

Chapter 4 Dough Bar to Die Bar 49

Chapter 5 Leadership Divergence 55

Chapter 6 The Work–Done Concept 63

Chapter 7 Trading the News 69

Part Two Day Model Patterns

Chapter 8 Persistent Trend Day 81

Chapter 9 Test–and–Reject Day 95

Chapter 10 The Split–Open Day 103

Chapter 11 Day Model Sequence Cycle 105

Part Three Repetitive Chart Patterns

Chapter 12 The Momentum Grid 115

Chapter 13 Pre–Breakout Pause Pattern 121

Chapter 14 The Classics Revisited 125

Chapter 15 MA Pattern Concepts 141

Part Four Confluence and Execution

Chapter 16 Transition Time Reversals 151

Chapter 17 Trade Entry Models 157

Chapter 18 The Trade Plan 173

Appendix A Companion Website 185

Appendix B Color Legend 187

Appendix C Serial Sequent Wave Method 191

Appendix D ValhallaFutures Indicator Package and Intraday Index Futures Trading Course 195

Appendix E Screen Capturing an Event Library 197

Appendix F Randolph Newman 199

Appendix G Fibonacci versus Pivot/Exhaustion Grid 203

Appendix H The Last Triangle 207

Bibliography 209

About the Author 213

Index 215

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M. William Scheier
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