Our show revolves around short term trading of the Emini Futures market as well as Forex markets. Day trading can be a difficult and overwhelming task if a person is unprepared or inexperienced. The goal of these videos and of our website is to provide a roadmap for individuals to understand how professional traders approach the market. Learn more about the set ups and techniques discussed in this video and many others at our website.
http://www.pillartrading.com Crude Oil has seen a recent short term measured move respected to the downside. This movement seems to indicate that we could break our nearest support level as price is currently trading on top of that zone
The ES has broken out of the major short area we had been sitting on for sometime. We have seen a steady influx of covering/buying following the break. The short term and mid term targets on the ES have been rock solid the last few sessions and we are anticipating this week being a continuation of that. In this video we discuss the implications of the new weekly trend that has been established in today's pre market action.
Normally we do not like to preview the same market two days in a row but today we are revisiting the Euro Dollar chart. The move from yesterday's video worked perfectly and another set up with a very large profit target looks to be in the cards for today's action. The Euro has broken the bearish set ups and right now there seems to be signfigant strength pushing this market higher. For more charts and set ups like the ones discussed in this video please visit our website.
After the free fall last month the Euro has finally pulled together a decent run up. In this video we analyze the entry and exit points and key levels of upport and resistance for the pair. For more information on this chart and many others please visit us at our website.
Last week we saw a change in the mid term and short term trends on the ES. Since the break of the short zones price has pulled back and seen participation from new bulls taking it higher. This week we are approaching a key level for the longer term trend. If we respect the move we are heading for anothr drop but if we can get some stops triggered and get a short covering rally we may be able to blow right through it.
The secret formula on how to use these magic indicators to consistently make money from day trading futures and stocks. These formulas will provide you with all you need to take money from the pro's. In reality this video is aimed at amateurs looking to indicators for all the answers. Seacrh for knowledge not the perfect indicator.
The Aussie is currently stuck in the exact same range as last week. Playing both sides has produced quality results so far and right now there doesn't appear to be any breakout signs. If the bulls hold the next set up then we can expect weakness going up into the Daily short level. So many orders have already been committed there and it would be hard to foresee that level holding. That being said there has been no technical breakdown so all we can do for now is prepare for the worst case scena...
The Euro has seen a little bit of covering and profit taking after hitting it's huge weekly and daliy targets one after the other. Both now have new resistance areas and they pose an interesting trade being very close to one another. This can be benefical or dangerous depending upon which level they decide to sell. Regardless, the bulls have to step in and buy the pullback if they are going to take this higher. Right now there is no sign of any particpation from the buy side.
This chart has the potential for a few very interesting plays and in this video we discuss the possibilites of a short term continuation. The USD/JPY has been in a solid range for the last few months and in order to break out we need this next bull area to give way. Should that happen look for a vacuum to previous lows. For more charts and set ups please visit us at our website.
This video outlines our daily set ups for trading the Emini S&P 500 Futures contract for June 8, 2010. We use our premarket levels and analysis as a guideline for entering and exiting trades as we trade throughout the day. For more information on this chart or any of the other charts we follow please visit us at our website.