Profitable Emini Trading With Trading Zones
Skilled Traders Use Trading Zones To Determine The Day’s Trading Range
The trading zone is an area where prices trade each day. Looking at any emini daily chart, the day’s trading zone is obvious at a glance. Of course, in hindsight it is easy to see where prices traded, but what if you could see the day’s trading zone in foresight?
To traders who are relatively inexperienced, it may seem fanciful that anyone could know, in advance, where the day’s trading zone will be. Traders who are more experienced know better. They know that the daily trading zone is a metric that they can calculate before the market even opens – in fact, they calculate the next day’s trading zone as soon as the market closes the previous day. Since 1950, traders in every market use a trading zone calculation to surmise where that market will trade the following day.
Trading zone information is priceless, and virtually all professional traders know the day’s trading zone. They don’t share this information or give it away. Calculating the trading zone is beyond the ability of most traders, but I calculate it every day – and share it as a service. No one should expect to receive the daily trading zone information for free, as it takes considerable time and knowledge to do the calculations. Traders who want this valuable information can purchase it on a subscription basis at my site at Timelessdollar.com. Knowledge is power – and knowledge of the trading zone is profit.
Anyone who wants to learn how to day trade S&P emini futures needs to have as much information as possible in order to help determine where to place a trade. Trading is not easy to do because it is impossible to know the future with any degree of certainty. But the market does give off signals and a wise trader needs to know how to interpret the signals. Market prices seem to move erratically, but with enough information, trading S&P emini futures can be done with a greater assurance of success. An S&P emini futures trader who has Information about market signals and knows how to use them makes knowledgeable traders much more successful than others who use “seat of the pants” method.
Some of the information that S&P emini futures traders should have are:
- The Trend
- The Intraday and / or Low
- The Calculated Trading Zone via Taylor’s Book Method
- The daily calculated range
- Support and resistance levels
- Stochastics
- Candlestick patterns
These are some of the bits and pieces of information every trader needs to have in order to assess a trade. Of course, that is not to say that even with all this information a trade will work out, but having this knowledge puts the odds of success more on the trader’s side.
Having as much information as possible gives S&P emini day traders a big advantage over “seat of the pants” traders. It cannot be stressed enough that without learning as much as possible about the market, it is highly unlikely that a trader will succeed at making money by day trading S&P emini futures, much less in a trading career.
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