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Pivots, Patterns, and Intraday Swing Trades, + Website: Derivatives Analysis with the E-mini and Russell Futures Contracts (Wiley Trading)
Author(s): M. William Scheier (Author)
Publisher: Wiley
Publication Date: 18 Mar. 2014
Edition: 1st
Language: English
Print length: 240 pages
ISBN-10: 1118775791
ISBN-13: 9781118775790
Book Description
An original approach to trend discovery and trade entry
Initial forays into day trading stock index futures reveal a starkly different decision environment. There is no time to dwell on technical conditions. Intraday volatility in the stock indices is far more exaggerated than the daily bar charts of other markets, partly due to the extreme leverage, partly due to the intense attention. And positioning techniques that prove reliable in the action of the long-term trends in other instruments tend to fail in the countertrend reactions of the highly leveraged S&P futures contract within the short-term. For the informed trader, tremendous opportunities in these intraday trend swings can be captured. This book will show you how.
Filled with detailed technical models, this reliable resource skillfully utilizes innovative methodologies for trend discovery and trade entry in mini-stock index futures markets. It offers a fresh approach to understanding and capitalizing on market volatility, allowing you to sort out the apparent chaos of the day trading environment through codified and recognizable trade entry setups.
Highlights trading techniques that are anything but mechanical scalping
Explores conceptual event models and their accompanying rules
Contains tools by which major intraday swing trends can be identified quickly and often at the very turning points where they begin
Explains the underlying order and structure to the markets based on the repetitive nature of human behavior
Engaging and informative, this reliable resource will put you in a better position to excel in today’s dynamic markets.
Editorial Reviews
From the Inside Flap
When the Chicago Mercantile Exchange launched the S&P 500 E-mini in 1997, non-professionals were offered an opportunity to trade on an even footing with professional traders. A veritable boom of E-mini stock index trading worldwide, demonstrates the CME’s experiment was a smashing success.
It’s easy to see why E-mini trading has become so popular among day traders. First, there are the much lower margins associated with the smaller contract sizes. Also, because trades are executed entirely electronically, there are no market makers or floor brokers. And, unlike commodities or standard futures, there is virtually no chance of manipulation, insider trading or any of the other problems that occasionally affect other financial markets. But along with its many advantages and abundant opportunities, E-mini trading brings an entirely new set of challenges and potential pitfalls that can bedevil the best laid plans.
Due to extreme leverage and the intense participation they receive, the stock index futures markets afford little time for traders to dwell on technical conditions. Intraday volatility in the stock indices is far more exaggerated than that reflected in the daily bar charts of other markets. And positioning techniques that have proven reliable in anticipating the actions of long-term trends in other instruments, fail miserably when applied to the countertrend reactions of the highly leveraged S&P futures contract within the shorter, intraday time frames.
Author Will Scheier draws upon his decades of experience as a highly successful day trader and trading educator to provide you with:
A framework of Day Models for making sense of the chaos of the day trading environment
Codified, easy-to-adapt trade entry setups
Trading techniques that are anything but mechanical scalping
Technical Trade Event Models and their rules
Tools for spotting major intraday swing trends at the instant they begin
Fresh insights to Old School and floor trader concepts like the Open Range, Taylor 3-day Cycle and classic pattern breakout filtering
Archived performance record of real-time trade calls
Engaging, informative, practical, this reliable resource will put you in a prime position to profit mightily in today’s ever more volatile stock markets
From the Back Cover
When the Chicago Mercantile Exchange launched the S&P 500 E-mini in 1997, non-professionals were offered an opportunity to trade on an even footing with professional traders. A veritable boom of E-mini stock index trading worldwide, demonstrates the CME’s experiment was a smashing success.
It’s easy to see why E-mini trading has become so popular among day traders. First, there are the much lower margins associated with the smaller contract sizes. Also, because trades are executed entirely electronically, there are no market makers or floor brokers. And, unlike commodities or standard futures, there is virtually no chance of manipulation, insider trading or any of the other problems that occasionally affect other financial markets. But along with its many advantages and abundant opportunities, E-mini trading brings an entirely new set of challenges and potential pitfalls that can bedevil the best laid plans.
Due to extreme leverage and the intense participation they receive, the stock index futures markets afford little time for traders to dwell on technical conditions. Intraday volatility in the stock indices is far more exaggerated than that reflected in the daily bar charts of other markets. And positioning techniques that have proven reliable in anticipating the actions of long-term trends in other instruments, fail miserably when applied to the countertrend reactions of the highly leveraged S&P futures contract within the shorter, intraday time frames.
Author Will Scheier draws upon his decades of experience as a highly successful day trader and trading educator to provide you with:
A framework of Day Models for making sense of the chaos of the day trading environment
Codified, easy-to-adapt trade entry setups
Trading techniques that are anything but mechanical scalping
Technical Trade Event Models and their rules
Tools for spotting major intraday swing trends at the instant they begin
Fresh insights to Old School and floor trader concepts like the Open Range, Taylor 3-day Cycle and classic pattern breakout filtering
Archived performance record of real-time trade calls
Engaging, informative, practical, this reliable resource will put you in a prime position to profit mightily in today’s ever more volatile stock markets
About the Author
M. WILLIAM SCHEIER is the owner and founder of ValhallaFutures.com. Will started his trading career as a stock and futures broker in the early 1980s, learning to trade his own account and advise his clients, while mentoring with a retiring cotton trader. He then trained on the floor of the CME’s S&P pit. With the advent of electronic trading, Will shifted his focus to day trading stock index futures in the smaller time frames, transferring much of what he learned from floor traders onto the screen. He estimates that in his efforts to further his trading education, he spent more than twenty-thousand dollars on courses and materials vendors of technical analysis, but found little if anything useful for trading in the smaller time frames of the volatile stock index futures markets. Ultimately, he found success with his own, highly original analysis methods, which he now teaches in a live, ten-session webinar.
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