Pivots, Patterns, and Intraday Swing Trades: Derivatives Analysis with the E-mini and Russell Futures Contracts

Pivots, Patterns, and Intraday Swing Trades 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.

Author’s Introduction:

A useful propensity toward trend analysis was already working for me when I approached day trading—that of pattern recognition. What was
needed to crack the code of intraday trend disguise was to see the process of pattern recognition in broader terms than just visual price formation.

What was needed was an expanded understanding of pattern recognition to include other concepts in market behavior, concepts of technical event minutia, including time of day and relative price position, especially those happening in tandem. From such concepts, models were derived, and with models, the activity of an otherwise indecipherable and random-looking day could be matched to one or more of a limited number of codified categories, each replete with its own setups.

The application of this broader definition of pattern recognition is particularly well adapted to the shorter time frames, where the decision environment requires quick response. When Adrian De Groot, a psychologist working in the 1960s, studied the differences between chess players, he discovered that the grandmasters recognized familiar configurations and visual patterns to assess game progress and decipher board strategy; they did not rely on mathematics, statistics, or remarkable memory skills. How else could a single player manage to play dozens of games simultaneously, going from board to board with near immediate response!

The focus of this book is day trading in the shorter time frames of the stock index futures contracts, with techniques that are anything but mechanical scalping. With conceptual event models and their accompanying rules, the intent is to convey a set of tools by which the major intraday swing trends can be identified quickly, and often at the very turning points where they begin.

Contents:

• A Three-Frame Day
• Opening Range Bar
• Pivot/Exhaustion Grid
• Dough Bar to Die Bar
• Leadership Divergence
• The Work-Done Concept
• Trading the News
• Persistent Trend Day
• Test-and-Reject Day
• The Split-Open Day
• Day Model Sequence Cycle
• The Momentum Grid
• Pre-Breakout Pause Pattern
• The Classics Revisited
• MA Pattern Concepts
• Transition Time Reversals
• Trade Entry Models
• The Trade Plan

Pivots, Patterns, and Intraday Swing Trades: Derivatives Analysis with the E-mini and Russell Futures Contracts By M. William Scheier pdf