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

M. William Scheier

Dec 2013 · John Wiley & Sons

About this ebook

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.

Ratings and reviews

I am by no means an expert trader. I've been at it for about 4 years now and switched to exclusively trading the e-mini futures about a year ago. I am at the point where I've at least stopped losing money and am making gains most days. The concepts I learned in Mr. Scheier's book are the "missing link" in my trading. I read it in a week and have read/skimmed it 4 times since to solidify concepts. I can't recommend it enough for anyone wanting to further their market education!!

Nice strategies wish more examples were given.

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.