One of the Most Important Trading Strategies for Trading Emini Futures Contracts
To understand the essential nature of pivot trading, you’ll need to first of all understand that the stock market is controlled. Perhaps it could be best said that the Stock Market is entirely controlled and if it were not, then millions of Futures contracts and millions of shares of stock could not change hands each day so competently.
If you don’t believe that the market is controlled, then examine this example of how control might work. Towards the end of May 2009, Treasury Secretary Tim Geithner traveled to China and met with Chinese economic officials. The Chinese admonished Geithner, the conversation went, probably, like this…the Chinese telling Geithner that they have thoroughly invested in the U.S. stock market and in the U.S.Treasury bonds. Yet they are willing to withdraw from the US. Market if the stock market does not go up soon.
Geithner knows that could literally crash the U.S. economy, an economy held together with bobby pins.
Can Geithner and his buddies in the Treasury do anything? Geithner’s meeting with the Chinese takes place at the END of May. Upon his return, the Dow goes from 8,200 to 8,800 in two weeks, a 600-point spike. This is a market that had not moved for over two months, hanging around 8,000. How could the stock market move 600 points in two weeks if it hadn’t moved in over 2 months? In July and August, the stock market went up almost 1,000 points. Look at the Dow chart for the last five years. You can see that May through August are always thought to be summer doldrums. How, then, could the market go up 1,300 points in just over one month?
How does control make you a 12-minute trader? That’s easy. The market is controlled. The market’s “movers and shakers” know where they are want to take the market and they how fast to get it there. Movers and shakers abide by very controlled trading rules, a most important one being Futures Pivots. In order for you to become a 12-minute trader, you must learn the movers and shaker’s rules…buying when they buy and selling when they sell. You’ll need to truly become a market shadow.
What then, are pivots? Pivots are support and resistance price levels that allow the insiders to control daily highs and lows during any given trading day. There are in actuality 17 Futures trading pivots — eight intraday (occurring in just one day) and nine inter-day (occurring over more than 1 day). Futures Market insiders use Futures Pivots and stock market insiders use Stock Market pivots. To be a successful 12-minute trader, you need to have the pivots to appear on your technical analysis charts. It is very difficult to trade without pivots because you won’t know where the market may turn on a dime.
Want to uncover more about being a 12-minute trader? Want to learn more about Futures Market pivots and technical analysis? Attend a Monday night webinar on trading the Futures marker put on by http://www.shadowtrader.com. You’ll see for yourself the 17 pivots in action on the current day’s technical chart. Shadowtraders always demonstrates the current day’s chart, not some chart from several weeks or months earlier.
Before you buy another trading course, make sure you attend one of Barbara Cohen’s excellent free Monday night Webinars
Tags: daytrading, Emini, Futures Market, Futures Trading, Home Based Business, Online Trading, technical analysis, trading, Trading Futures, trading software, trading strategies, trading system, trading systems