Pivots, Patterns, and Swing Trades by M. William Scheier (.ePUB)+
File Size: 117 MB
Pivots, Patterns, and Intraday Swing Trades: Derivatives Analysis with the E-mini and Russell Futures Contracts by M. William Scheier (Wiley Trading)
Requirements: .PDF/.ePUB reader, 117 mb / 44 mb
Overview: 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.
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