Pivots, Patterns, and Intraday Swing Trades: Derivatives Analysis with the E-Mini and Russell Futures Contracts

ISBN-13: 9781118775790 / Angielski / Twarda / 2014 / 240 str.

M. William Scheier

Opis

An original approach to trend discovery and trade entry Initial forays into day trading stock index futures reveal a starkly different decision environment. There is no time to dwell on technical conditions. Intraday volatility in the stock indices is far more exaggerated than the daily bar charts of other markets, partly due to the extreme leverage, partly due to the intense attention. And positioning techniques that prove reliable in the action of the long-term trends in other instruments tend to fail in the countertrend reactions of the highly leveraged S&P futures contract within the short-term. For the informed trader, tremendous opportunities in these intraday trend swings can be captured. This book will show you how. Filled with detailed technical models, this reliable resource skillfully utilizes innovative methodologies for trend discovery and trade entry in mini-stock index futures markets. It offers a fresh approach to understanding and capitalizing on market volatility, allowing you to sort out the apparent chaos of the day trading environment through codified and recognizable trade entry setups.

• Highlights trading techniques that are anything but mechanical scalping
• Explores conceptual event models and their accompanying rules
• Contains tools by which major intraday swing trends can be identified quickly and often at the very turning points where they begin
• Explains the underlying order and structure to the markets based on the repetitive nature of human behavior

Engaging and informative, this reliable resource will put you in a better position to excel in today's dynamic markets.

Spis treści

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

O autorze

M. WILLIAM SCHEIER is the owner and founder of ValhallaFutures.com. Will started his trading career as a stock and futures broker in the early 1980s, learning to trade his own account and advise his clients, while mentoring with a retiring cotton trader. He then trained on the floor of the CME′s S&P pit. With the advent of electronic trading, Will shifted his focus to day trading stock index futures in the smaller time frames, transferring much of what he learned from floor traders onto the screen. He estimates that in his efforts to further his trading education, he spent more than twenty–thousand dollars on courses and materials vendors of technical analysis, but found little if anything useful for trading in the smaller time frames of the volatile stock index futures markets. Ultimately, he found success with his own, highly original analysis methods, which he now teaches in a live, ten–session webinar.

Blurb

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