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Dec 13, 2018 · Bernstein defines a day trade as "a trade which is entered and exited on the same day." Using over 100 illustrations and charts, he analyzes various techniques and strategies for successful day trading in the futures market.--p. 13 and jacket. Includes index.
- Trading Rules - Moving Average Channel Day Trade
- Trading Examples - Moving Average Channel Day Trade
- Review - Moving Average Channel Day Trade
The trading rules for this strategy are straightforward. It starts by observing price action to spot momentum, before using a limit order to enteron retest of the channel.
Winning Trade
The chart below shows a 5-minute chart of ES, the E-mini S&P futures. 1. The two circled bars went completely below the moving average channel and confirmed the down trend. 2. For a conservative trade, we placed a sell limit order at the top of the channel. As prices spiked up to hit the channel top, we entered a short position at 1347.25. 3. Prices continued down until 1338 and gave a profit potential of 9.25 points. The adverse movement was miminal as the trade went in our direction immedia...
Losing Trade
This example shows a trade that did not go as well. Here, similarly, we had two bars entirely below the channel to confirm the down trend. 1. We then shorted with a limit order at around 1356.75. 2. However, the trade went against us almost immediately and forced out any reasonable stop-loss order. (Consider using a volatility stop-loss.) There were warning signs against taking this trade. First, the two circled bars were not exactly in free fall with the first bar being a doji and the second...
This trade setup gives the traditional moving average a useful twist. Using the highs and lows to form moving averages is a sound concept as they are the natural support and resistance levels of each bar. Hence, it behaves nicely as support and resistance. Requiring two bars to go beyond the channel is a helpful criterion for finding spikes and avo...
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Official home of Jake Bernstein, internationally recognized futures analyst, trader educator and author who has written over 41 books and numerous research studies on futures trading, stock trading, trader psychology & economic forecasting.
Seasonality: Systems, Strategies, and Signals / Jake Bernstein The Hedge Fund Edge / Mark Boucher Managed Futures: An Investor’s Guide / Beverly Chandler Beyond Technical Analysis/ Tushar Chande The New Technical Trader / Tushar Chande and Stanley S. Kroll Trading on the Edge / Guido J. Deboeck Trading the Plan / Robert Deel
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Jake Bernstein. New Concepts in Short Term Timing. http://www.trade-futures.com. 2013 by Jake Bernstein. www.trade-futures.com jake@trade-futures.com 800-678-5253 * 831-430-0600. The best time frames for short-term trading. How to TIME PRECISE market entry with small trader sentiment.
Mar 30, 1998 · An ideal overview for any trader, investor, or analyst, this lucidly written and clearly organized resource emphasizes the validity and significance of seasonality. Jake Bernstein has compiled...
