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…mehr
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.
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.
Inhaltsangabe
Preface xi Part One Time Frame Concepts Chapter 1 A Three-Frame Day 3 The 1st Frame 6 The Midday Frame 8 The Last Hour Time Frame 9 Summary 11 Notes 11 Chapter 2 Opening Range Bar 13 ORB Defined 13 3-Bar ORB 15 ORB Pennant 17 ORB Matched Highs/Lows 20 Summary 21 Notes 22 Chapter 3 Pivot/Exhaustion Grid 23 ORB Kilroy 24 Break-Away Pivots: The Pivot Ledge 27 The Break-Away Lap 28 Previous Highs and Lows 31 Previous Closing Prices: The Gap 34 Tick Bar Laps 35 Dynamic Exhaustion Levels: The EMAs 37 Floor Trader's Pivot Points 40 Fibonacci Targets 41 Measured Move Targets 43 Market Profile 43 Trend Lines 44 Summary 46 Notes 46 Chapter 4 Dough Bar to Die Bar 49 Summary 54 Chapter 5 Leadership Divergence 55 Summary 62 Chapter 6 The Work-Done Concept 63 Summary 67 Chapter 7 Trading the News 69 Summary 76 Notes 77 Part Two Day Model Patterns Chapter 8 Persistent Trend Day 81 Persistence in Trend: It's a Thing 82 ORB Entries 85 Telltale Leadership 85 Leadership Shift 87 Flubber Bounce/Monkey Bars 89 Last Chance Texaco: The 200EMA Entry 91 Summary 93 Notes 93 Chapter 9 Test-and-Reject Day 95 Summary 101 Notes 101 Chapter 10 The Split-Open Day 103 Summary 104 Notes 104 Chapter 11 Day Model Sequence Cycle 105 Summary 111 Notes 112 Part Three Repetitive Chart Patterns Chapter 12 The Momentum Grid 115 Summary 119 Notes 120 Chapter 13 Pre-Breakout Pause Pattern 121 Summary 124 Chapter 14 The Classics Revisited 125 M-Tops, W-Bottoms 126 Telltale Triangles 127 Head-and-Shoulders Reversals, Revised 131 The Rising/Declining Wedge 134 Midday Channel 136 Summary 139 Notes 140 Chapter 15 MA Pattern Concepts 141 The EMA Pinch 141 Gap-Close or Further? 143 The EMA Cup 144 The Cup as Breakout Trigger 146 Summary 147 Part Four Confluence and Execution Chapter 16 Transition Time Reversals 151 Summary 156 Chapter 17 Trade Entry Models 157 Summary 172 Chapter 18 The Trade Plan 173 Prescript 174 Blueprint 176 My Blueprint Notes 179 Summary 183 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
Preface xi Part One Time Frame Concepts Chapter 1 A Three-Frame Day 3 The 1st Frame 6 The Midday Frame 8 The Last Hour Time Frame 9 Summary 11 Notes 11 Chapter 2 Opening Range Bar 13 ORB Defined 13 3-Bar ORB 15 ORB Pennant 17 ORB Matched Highs/Lows 20 Summary 21 Notes 22 Chapter 3 Pivot/Exhaustion Grid 23 ORB Kilroy 24 Break-Away Pivots: The Pivot Ledge 27 The Break-Away Lap 28 Previous Highs and Lows 31 Previous Closing Prices: The Gap 34 Tick Bar Laps 35 Dynamic Exhaustion Levels: The EMAs 37 Floor Trader's Pivot Points 40 Fibonacci Targets 41 Measured Move Targets 43 Market Profile 43 Trend Lines 44 Summary 46 Notes 46 Chapter 4 Dough Bar to Die Bar 49 Summary 54 Chapter 5 Leadership Divergence 55 Summary 62 Chapter 6 The Work-Done Concept 63 Summary 67 Chapter 7 Trading the News 69 Summary 76 Notes 77 Part Two Day Model Patterns Chapter 8 Persistent Trend Day 81 Persistence in Trend: It's a Thing 82 ORB Entries 85 Telltale Leadership 85 Leadership Shift 87 Flubber Bounce/Monkey Bars 89 Last Chance Texaco: The 200EMA Entry 91 Summary 93 Notes 93 Chapter 9 Test-and-Reject Day 95 Summary 101 Notes 101 Chapter 10 The Split-Open Day 103 Summary 104 Notes 104 Chapter 11 Day Model Sequence Cycle 105 Summary 111 Notes 112 Part Three Repetitive Chart Patterns Chapter 12 The Momentum Grid 115 Summary 119 Notes 120 Chapter 13 Pre-Breakout Pause Pattern 121 Summary 124 Chapter 14 The Classics Revisited 125 M-Tops, W-Bottoms 126 Telltale Triangles 127 Head-and-Shoulders Reversals, Revised 131 The Rising/Declining Wedge 134 Midday Channel 136 Summary 139 Notes 140 Chapter 15 MA Pattern Concepts 141 The EMA Pinch 141 Gap-Close or Further? 143 The EMA Cup 144 The Cup as Breakout Trigger 146 Summary 147 Part Four Confluence and Execution Chapter 16 Transition Time Reversals 151 Summary 156 Chapter 17 Trade Entry Models 157 Summary 172 Chapter 18 The Trade Plan 173 Prescript 174 Blueprint 176 My Blueprint Notes 179 Summary 183 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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