Swing Trading and Market Timing Knowledgebase

By: John Crane, swing trading guru

E-mini S&P 500 Chart - 10 min

Figure # 6.29 - The December E-mini S&P had peaked at 1347.75 on the projected 12:00 p.m. reversal bar. The futures market had closed higher than the opening price and near the high of the 10-minute bar. The trail bar pushed above the high of the reversal bar and closed below the opening price. The reversal bar had indicated an end of the cycle and the trail bar confirmed the directional change. The high of the trail bar proved to be the high of the daily price range and the S&P moved into a sideways-to-lower trading pattern until the close of the day.

ES chart27
Figure # 6.29 – December 2006 E-mini S&P 500 – 10 minute chart

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**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. HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER OR OVER-COMPENSATED FOR THE IMPACT IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT.NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES.

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