For Wednesday,
I will be holding online training on how to use the market profile charting in the TradeMaven program Wednesday after the close. Market Profile reveals pricing patterns from any market as they develop. By effectively organizing price and time information, it is possible for traders to see which price areas the market is accepting or which ones it is rejecting…and adjust their trading styles accordingly.
Please join me at 4:30pm EST / 3:30pm Central for a demonstration.
Follow this link: www.trademaven.omnovia.com/tmaven
No password or registration is needed.
Market Analysis: The emini seems to be stuck around the 1372 pivot area; buyers keep coming in as prices dip to low 1360's. Buyers keep backing off at the resistance at the 1375 area - a rally through that means a rally to 1385. A range bound market provides plenty of opportunity. Look to the volume to give you your markat bias - if the market starts moving lower on high volume - look to sell the low volume rallies counter to the trend -
If you not sure what I mean - join me for the market profile training Wednesday afternoon.
See you then!
From the TradeMaven Software, Pivot/Support and Resistance Numbers for 9 April:
Upcoming Key Reports:
Wednesday
Wholesale Trade 10:00 ET
EIA Petroleum Status Report 10:30 ET
Thursday
International Trade 8:30 ET
Jobless Claims 8:30 ET
Treasury Budget 2:00 ET
Friday
Import and Export Prices 8:30 ET
Consumer Sentiment (p) 10:00 ET
What is Inside Edge?
A comprehensive trader’s education forum focused on e-Mini S&Ps and U.S. Treasury Bond Futures. TradeMaven’s Inside Edge features the necessary analytics and execution information in one place to speed up your decision process, keep you on the right side of the market, and eliminate so much of the noise that surrounds trading today. This unique forum is the brainchild of Charles Cochran – a trading pro who has spent the last 15 years fine-tuning a proven methodology that eliminates extraneous information and concentrates on the market activity that matters: the market activity that foretells the market's next move.
