Trend is with us for this week

This week, market is bearish trending. All 3 markets in our trading basket are in the same direction.

Tool to use for trendy market -- Emolines

Trading pull backs using moving averages(Emolines)

We want to focus our attention on key chart levels of support or resistance using moving averages for pull backs. You can easily identify support and resistance levels and watch for price to pull back and enter on confirmation signal to enter. Emolines are usually better in obvious trends; you can watch for smaller retracements to the moving averages and then look to join the trend from that Emolines.

Nikkei 225 -- Monday price gap down, Emolines down, price resisted by HTF PAPLine-S1.

SiMSCI -- same as Nikkei, gap down on Monday's opening and continue to press down by Emolines and HTF PAPLines.

Taiwan -- No different from the other 2 contracts.

The only different is contract size and how many signals are there from different markets.

How are you doing this week?

Have a nice weekend :)

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Futures Trading is speculative and is not suitable for all investors. The risk of loss in trading can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. This brief statement cannot disclose all the risks and other significant aspects of the Futures markets. You should therefore carefully study Futures Trading before you trade. Information and trading tools provided in and through this website are for general information purposes only. All investments involve risk, including potential loss of principal. Clients must consider all relevant risk factors, including their own personal financial situation before trading.