Emini Day Trading - Futures Day Trading

Emini day trading, currently of the emini russell, and euro currency day trading WITH a focus on teaching-learning the trading method concepts for price action-price failure, the related base method trade setups, along with the interrelationship and impact of trading psychology. 

Tactical Trading is a combination of a trading chatroom, a member training website, online trading training sessions, and trading seminars. The Tactical Trading chat room combines text, voice, and 'real time' application sharing where I can show my trading charts that are being traded and discussed.  I also highly recommend that other traders, especially those who are paper trading, also post their own trades in order that I can try to provide additional feedback and help with learning the trading method, and making the transition to real money trading.

If you would like to become part of the Tactical Trading Group, click Join Tactical Trading for registration, or for a 3 day chatroom trial.  If you have any questions or want more information, or even want to talk on the phone - you can let me know this on the form.

 

Tactical Trading Objectives

I approach emini and futures day trading from the realization that the vast majority of 'traders' are going to lose, and if you are going to ever become profitable, you will have to 'act' differently from that group.  From my experiences in emini and futures day trading, and working with other day traders, the primary differences are going to largely be related to the approach taken to learning to trade, along with reasonable expectations regarding the amount of work and time that is going to be necessary.  Although this isn't the kind of thing that most people want to hear, that learning to emini and futures day trade takes time and hard work AND even with this, there are no guarantees of success - I will not give you 'hype' and 'promises', and 'to be' assurances that if you join the group you will be profitable in a couple of months - it's just not going to happen.

My objectives for Tactical Trading are to teach a price continuation-momentum expansion based day trading method; this is in contrast to a method that attempts to buy-sell market extremes and/or price momentum divergences.  As this is a day trading method, trading is done not as a 'fixed system', but through the development of 'base method' trading setups, which are traded  in the context of market conditions and key price specifics, what I refer to as trading from the left side to the right side using repeatable trading discretion and setup combinations. 

The emini day trading method has two basic ways to view an emini day trading setup:  (1) right side only - referred to as right side base or minimum base (2) left-right - referred to as selective base, the right side base setup has become more selective from adding additional setup components that can be seen from left side price action-price failure. 

There are a set of trading indicators that are used as part of the day trade setup combinations BUT I am not an indicator trader - the indicators are used for chart reading and the information that they provide-especially with regards to the flow of momentum on a retrace; the indicators are not used as trading signals.

Right Side Base Setup The red dot on the emini russell day trading chart is a trading method base setup OR what is also called right side base - this referring to the minimum setup components that occur after the initial reverse of a previous swing. base setup components:  price - entry pattern - momentum flow yellow circle:  initial reverse blue line:  initial reverse price entry pattern:  break2 of the blue line WITH mex flow - meaning that mex flow is still going down on the retrace up to the yellow square as a lower high into the trade. red dot:  right side base sell as a price break2 with mex flow BUT this was not the whole setup - there were additional setup components that occurred at the same time that 'allowed' what was the reverse to the left side direction.
Left-Right Selective Base Setup A right side base setup becomes selective base from the additional left side components that can be combined into the day trade setup; the more components occurring at the same time, the more selective the setup would be. left side price [LSP] - price momentum divergence [PMD] high start point. entry is into-through 2 failure points at the purple squares - which is additionally significant because this gives a price failure of the purple line as support. left side diagonal breakout potential - the move back into-through the left side swing preceding the sell. profit expansion potential - a price break at the yellow circle is also a triple bottom break of the 2 yellow squares.