How To Trade ES Futures With Candlesticks
Trading S&P Emini Futures With Candlesticks
How to trade ES futures with candlesticks is one of the first things that almost all futures trading schools teach in their curriculum. That is certainly true at Timeless Dollar Trading Academy. Candlestick charting is a basic aspect of technical analysis, because the price patterns formed by candlestick patterns often signal which way the market is preparing to move.
The observation of candlesticks patterns, and candlesticks themselves, as a way of chart reading, was developed by Japanses rice traders hundreds of years ago. How to trade ES futures with candlesticks is based on how Japanese rice traders developed a way to determine which direction prices would be likely to move – up or down – by “reading” market movement over time. These movements were described visually as “candles”.
Modern chart reading has adopted candlesticks and candlestick patterns as the basis for trading.. But candles alone are often not reliable for determining a directional bias in and of themselves. The best way to learn how to trade ES futures with candlesticks is to have other information confirming what a candlestick pattern may be indicating. Therefore, various indicators have been developed based on mathematical interpretations of past price movement. Almost all indicators are rearward-looking, though and therefore not particularly insightful.
One indicator, though, the stochastics indicator (oscillator) is somewhat more reliable, as it is formulated on relatively current price action. The best indicator was developed by George Taylor back in the 1950’s. Taylor’s Trading Technique is not so much an indicator as it is a measure of price averages from highs to lows, highs to highs, lows to highs, and lows to lows over a series of days. Taylor’s calculations, used in conjunction with stochastics, are the most promising way to trade S&P E-Mini futures with candlesticks.
S&P emini futures day traders need as much information as possible to make better trading decisions. Market prices move erratically, but the Taylor Trading Zone is based on calculations developed by George Taylor 75 years ago. See more videos at my Youtube channel.
Almost all professional traders use the Taylor Trading Technique every day to help them make profitable trades – because the trading zone has proven to be the next best thing to having a crystal ball. Click the banner below to get a FREE one-week trial.
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.
Subscribe to my mailing list to receive information about S&P emini day trading. Subscribe using this form.
