3 Strategies to Day Trade the E-minis
Trader Kingdom |
Emini Day Trading Strategies: 3 Steps To Success
Emini Day Trading Strategies are a dime a dozen. You can find them everywhere.
But what really works for trading futures online?
In this post (actually 3 posts and 3 videos in one!) you’ll find 3 short, to-the-point videos demonstrating some of the most important day trading strategies that have personally helped me with E-mini futures trading.
You’ll also get the brief descriptions below each video for your reference.
MAKE SURE TO READ ALL 3 PARTS – EACH ONE BUILDS ON THE PREVIOUS ONE – AND THE LAST ONE HAS SOME VERY UNIQUE TECHNIQUES THAT CAN CHANGE YOUR TRADING FOREVER!
Enjoy!
1. Emini Day Trading Strategies, Part 1
This 1st of 3 videos in the series was originally conducted as a Google Hangout. It’s a brief description (about 6 minutes) of one of my oldest day trading techniques (it’s withstood the test of time).
It’s based on trading with the trend, but also finding an EDGE, a trading anomaly that gives us a high-probability trade.
Enjoy the video:
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Here’s an summary of the video:
Dr. Barry Burns here and today I’m going to show you one of my favorite Emini day trading strategies. Actually today’s the first series of many strategies that I’ll be sharing with you so let’s get started.
This is one that I’ve been doing for a long time – years and years and years. This set up is really consistent so I just love this it works so well over time. I can say this thing’s been consistent, and consistency is so important in trading.
So here is an E-mini 300 chart. The main line here which you’ll see turns red when going down and green when moving up. That’s the 50 period simple moving average. I use that as the line in the sand and that’s the key to this mini strategy along with price action in relation to it.
There are a couple of other moving averages here:
The black line is the 15th exponential moving average
The yellow line is the 100 simple moving average
The purple is the 200 moving average.
All of the the moving averages I use are simple moving averages except for the 15 which is an exponential.
The normal thing for the market to do is this: When the market is moving down, the 50 simple moving average will down as well. When the market goes up, the 50 simple moving average tends to go up as well. That’s just the general rule that alone is not enough to trade with because it doesn’t provide enough evidence.
That doesn’t give us an edge, and in trading were always looking for an edge, we’re always looking for something that’s a little abnormal thing that is not typical, and that will often give us an edge.
I have my 50 simple moving average color-coded just to make it real clear visually whether it’s angling up or down.
So here is the structure for the trade:
The price bars are below an upward angling 50 MA is a signal for a long trade. Again normally would see the 50 MA turned down at this time, but it’s still angling up and the price bars starts moving in the direction of a reversion to the mean back to the 50 MA.
This trade setup is normally a short scalp trade, but sometimes these trades can go for a long time and often as you can see this one to a very nice winner.
All right so now you can see we’re back into our typical type of up trend where prices are above the 50 and the 50 MA is angling up. Then the MA goes flat market, and the market goes flat back, then that’s followed buy the market going back up into a typical uptrend and here we go again. Now we get another example of the same kind of thing.
By the way the times at the bottom of the chart are California times and we’re about 45 minutes into the Trading Day. In California the markets open at 6:30 am.
So here again we got up with price bars coming below the 50 MA and we’re looking to trade in the direction of the 50 MA. Now there’s a couple of rules here:
One is you have support and we do happened to have support at the 100 SMA.
Now sometimes the market won’t move very far because this is often a quick scalp trade. And if that’s all you get out of it which is not much, that’s enough for me because I made some money and it’s a high win/loss ratio trade when done right.
There are a couple of the rules. The primary structure most important thing, is that the structure of the market is for price to be below an upward angling 50 MA.
Also you want to have support to be bouncing off of and I also use the next higher time frame to help me. I have some other free videos that explain how I do that.
2. Emini Day Trading Strategie’s: 3 Steps To Success, Part 2
If you didn’t read part 1 of “Emini Day Trading Strategies,” that post is immediately above, so I encourage you to read that article and watch that video first.
This 2nd of 3 videos in the series was originally conducted as a Google Hangout. This video is also brief (only 8 short minutes) and covers a different type of trade setup.
The first day trading video taught my Rubber Band Trade, which uses the trend, but isn’t really a trend trade. It’s more a scalp trade for quick profits.
Today’s video focuses on getting early into a new trend for an excellent reward-to-risk ratio.
Enjoy video part 2:
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This “First Retrace in The Trend” trade is one of my favorites and also one of my students favorites. It’s a very clear and simple setup.
Because trend is defined as “the extended general direction,” trend trades are designed by their nature to have a nice follow through after you enter the trade. This can provide you with a big reward, compare to the risk you’re taking.
This allows us to follow the famous adage: “Cut your losses small and let your winners run.”
This specific Emini day trading strategy, trading the first retrace in a trend, gets you into a trend EARLY which is key to capturing that big winner.
I only trade trends early in a new trend to avoid the warning of the famous saying: “The trend is your friend until the end.” This of course advises us to not trade late in a trend.
You’ll see my cycle indicator in this video. If you’d like to get that indicator, and a free tutorial on it, please send me an email at support@topdogtrading.com and I’ll let you know when my next free webinar in which I share that indicator for free.
In the video you’ll also see that I’m counting “waves.” These are not Elliott Waves. They are a more objective way of measuring waves which is simply higher highs and higher lows.
By doing this we aren’t “forcing” the count of 5 waves on any trend. A trend can be 3 waves or more.
To get more of my free videos, SUBSCRIBE TO MY YOUTUBE CHANNEL BY CLICKING HERE. When you do, you’ll be notified each time I upload a new video (about once a week) including, but only, more videos on Emini Day Trading Strategies.
Encourage me to keep providing more FREE trading tutorials and LEAVE A COMMENT below, I’d love to hear from you!
3. Emini Day Trading Strategie’s: 3 Steps To Success, Part 3
If you didn’t read parts 1 and 2 of “Emini Day Trading Strategies,” those posts are immediately above, so I encourage you to read those articles and watch those videos first.
This final of 3 videos in the series was originally conducted as a Google Hangout. This video is also brief (only 5 short minutes) and covers a different type of trade setup.
The first day trading video taught my Rubber Band Trade, which uses the trend, but isn’t really a trend trade. It’s more a scalp trade for quick profits.
Today’s video focuses on using the energy of momentum to help increase the probability that the market will continue to follow through in the direction of your trade AFTER you get in.
Enjoy video part 3:
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This video introduces some unique concepts not taught by others.
Momentum is critically important for all traders to measure because it indicates whether a market move is strong or weak. This is essential for you as a trader because strong moves are likely to follow through AFTER you enter the market, whereas weak moves are less likely to follow through.
This is why many traders find themselves getting stopped out so often after they enter trades.
We’ve all been taught that the market price action moves in trends. But it’s extremely helpful to compare the TREND OF MOMENTUM as it relates to the trend of price.
Many Emini day traders are also familiar with wave counts, especially through Elliott Wave theory. However I find a significantly added benefit by counting MOMENTUM WAVES as well.
Much of this is to help us get into market moves earlier than the crowds, a hallmark of professional traders.
Even though I don’t address it, you’ll see my cycle indicator in this video. If you’d like to get that indicator, and a free tutorial on it, please send me an email at support@topdogtrading.com and I’ll let you know when my next free webinar in which I share that indicator for free.
This specific Emini day trading strategy can help you not only with trend trading, but also with trend reversal trading.
To get more of my free videos, SUBSCRIBE TO MY YOUTUBE CHANNEL BY CLICKING HERE. When you do, you’ll be notified each time I upload a new video (about once a week) including, but only, more videos on Emini Day Trading Strategies.
Encourage me to keep providing more FREE trading tutorials and LEAVE A COMMENT below, I’d love to hear from you!
Geevarghese says
I like your videos and prefer to get more about Commodity trading strategies.
Tin Aung Myo GM says
Yes,thanks you very much.I interest your video.
Augustine says
Each video is clear and understandable, your are awesome, be bless.