From Our Desk to Yours: 5 Key Lessons from Our April Trade Reviews

 

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Managing partner, Mike Bellafiore, will share 5 lessons the firm’s monthly reviews.

Each month, firm traders complete a monthly review on how they can improve. The work traders are doing can help inform you on ways you can improve.

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Emini Threatens to Crack Support in Retracement April 28

After a surge toward the prior high, we’re seeing a logical pullback toward a key price pivot.

Here’s today’s updated Emini (@ES) trading levels for your trades:

We’ve seen a powerfully impulsive breakout from 2,350 toward the 2,400 target and here is the natural pullback.

Watch our “Final Fib” level at 2,381 which is exactly where buyers and sellers are balanced at the moment.

Note the “deeper pullback” plan beneath it and the “another bullish bounce” plan above it.

Either way, frame your intraday trades in terms of the “departure” from 2,381.

This is somewhat of a repeat strategy from yesterday’s session as price bounced then returned to our critical pivot.

If you’re new to this style of simple level trading, welcome aboard and keep checking back or get more details beyond just the @ES (stock scans, money flow, education) by becoming a member!

Afraid to Trade Premium Content and Membership

Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.

Corey Rosenbloom, CMT

Afraid to Trade.com

Follow Corey on Twitter: http://twitter.com/afraidtotrade

Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).”


Afraid to Trade.com Blog

Emini Holding the Support Line for Now April 27

After a surge toward the prior high, we’re seeing a logical pullback toward a key price pivot.

Here’s today’s updated Emini (@ES) trading levels for your trades:

We’ve seen a powerfully impulsive breakout from 2,350 toward the 2,400 target and here is the natural pullback.

Watch our “Final Fib” level at 2,381 which is exactly where buyers and sellers are balanced at the moment.

Note the “deeper pullback” plan beneath it and the “another bullish bounce” plan above it.

Either way, frame your intraday trades in terms of the “departure” from 2,381.

If you’re new to this style of simple level trading, welcome aboard and keep checking back or get more details beyond just the @ES (stock scans, money flow, education) by becoming a member!

Afraid to Trade Premium Content and Membership

Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.

Corey Rosenbloom, CMT

Afraid to Trade.com

Follow Corey on Twitter: http://twitter.com/afraidtotrade

Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).”


Afraid to Trade.com Blog

An Emini Surge Back to the Highs April 26

No upside target is safe from this charging bull market!  We’re back at all-time highs.

Here’s today’s updated Emini (@ES) trading levels for your trades:

Here we are – price surged off the 2,330 low through all our short-term Fibonacci levels.

This is a great study lesson in targeting, game planning, and real time trading activity.

The short-squeeze and bullish aggression broke the market through all intraday targets and here we rest at our 2,400 target.

Right now, your focal levels include the prior swing high (all time high) and the 2,380 Fibonacci pivot.

If you’re new to this style of simple level trading, welcome aboard and keep checking back or get more details beyond just the @ES (stock scans, money flow, education) by becoming a member!

Afraid to Trade Premium Content and Membership

Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.

Corey Rosenbloom, CMT

Afraid to Trade.com

Follow Corey on Twitter: http://twitter.com/afraidtotrade

Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).”


Afraid to Trade.com Blog

Emini Bullishly Breaking Barriers April 25 Update

No upside target is safe from this charging bull market!

Here’s today’s updated Emini (@ES) trading levels for your trades:

We’ve been anticipating this breakout – one way or the other – for a while now.

We had bullish indications trigger late last week and we’re seeing the result with this week’s breakout surge.

Like yesterday, we saw a gap through a Fibonacci (green) target and an intraday play toward a prior swing high target (yellow).

Right now, it’s the 2,388 level and the 2,380 intraday pivot points for you to frame your trades.

Beyond this – above 2,388/2,390 – is 2,400!

If you’re new to this style of simple level trading, welcome aboard and keep checking back or get more details beyond just the @ES (stock scans, money flow, education) by becoming a member!

Afraid to Trade Premium Content and Membership

Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.

Corey Rosenbloom, CMT

Afraid to Trade.com

Follow Corey on Twitter: http://twitter.com/afraidtotrade

Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).”


Afraid to Trade.com Blog

Another Beautiful Parabolic Arc for Bitcoin April 25

Perhaps the last time you thought about Bitcoin was when price crashed from $ 1,200 to $ 200 in 2014.

However, bulls roared back, sesnding the price of Bitcoins (in US Dollars) ABOVE the $ 1,200 level near all-time highs.

Amazing, isn’t it?

Let’s take a look at the current Parabolic Arc Pattern that’s developed and what it may mean for the future:

We see part of the 2014 collapse in price and the Rounded Reversal that set the stage for a two-year bullish uptrend.

While cryptocurrency may have developed a bad image into 2015, we saw a silent resurgence turn into a loud roar of approval via higher prices throughout 2016 into 2017.

The uptrend took the form of a stable “realization” uptrend that progressed into our current Rising Trendline.

In fact, the pattern is that of a Parabolic Arc with price heading toward a vertical trendline.

Price has been volatile so far in 2017, collapsing from $ 1,300 toward $ 900 in a single week… but then right back to $ 1,300 over the next month.

If you’re trading or in any way interested in Bitcoin, pay attention to the new volatility and the rising arc turning parabolic.

Price tends to move to euphoria and danger can occur quickly (falling prices) when price breaks through a vertical trendline.

With Bitcoin back positively in the news, take a moment to study the pattern and the “price behind the headlines.”

Afraid to Trade Premium Content and Membership

Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.

Corey Rosenbloom, CMT

Afraid to Trade.com

Follow Corey on Twitter: http://twitter.com/afraidtotrade

Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).”


Afraid to Trade.com Blog

Finally a Flag Breakout in Emini April 24

Breakout! Price surged through two Fibonacci targets to achieve the prior swing high.

What will happen next and what is our plan for the day?

Here’s today’s updated Emini (@ES) trading levels for your trades:

We’ve been anticipating this breakout – one way or the other  – for a while now.

We had bullish indications trigger late last week and we’re seeing the result with today’s breakout surge.

For now, focus on the yellow “prior high” target near 2,375 and the short-term Fibonacci Pivot right here at 2,368.

We have a narrow range at the moment between these pivots.  As usual, plan to trade the departure from here.

If you’re new to this style of simple level trading, welcome aboard and keep checking back or get more details beyond just the @ES (stock scans, money flow, education) by becoming a member!

Afraid to Trade Premium Content and Membership

Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.

Corey Rosenbloom, CMT

Afraid to Trade.com

Follow Corey on Twitter: http://twitter.com/afraidtotrade

Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).”


Afraid to Trade.com Blog