Emini day trading live example from Monday 18 November 2019.
Just after 11am a Long trade set up off a RAMBO pattern with Exhaustion selling volume. When the move is being led by the Amateurs - and we get a RAMBO pattern (Reversal of AMateur BreakOut) - it's worth checking for a reversal trade.
What Is the 'RAMBO' Pattern?
Rule of Thumb #6: Maximum Two Trend Moves per Day
The coffee futures chart is setting up for a Long trade. We've been basing for over 6 months at around $100, now it looks like we're going to break out of congestion to the upside.
#coffeefutures #coffee #commoditiestrading #futurestrading
Two Emini trades from Thursday and Friday. One an example of "clean out" price activity. The other an example of a Professional "gathering" trade.
Got a little knocked about first then the real trend showed itself.
First two Emini day trades of the New Year for me. Don't be afraid of Triples - they often mean big moves are ahead. In this case we'd not seen blue Professional bars at the Highs, so once we broke above the triple Resistance we were off to an uptrend move that wouldn't end until we saw End of Trend signals.
With further equities weakness we could start to see the Japanese Yen Carry Trade unwind. I'm watching my Yen futures chart for a break above the 90 cents level. If we get that then it's game on for a little rally in the Yen (and more weakness in equities).