Big Money makes an excellent Entry trigger, here’s how

Big Money for your entry trigger:

We look for the time & sales window (read tape) to find the best times to enter a trade.

We use our entry rules, in combination with tape reading to find the best times to enter trades at the best locations.

We look for LARGE orders (elephant) on the tape to confirm when the big money managers, large institutional traders enter the market.

Waiting for the BIG MONEY to show up before I take the trade helps me in many ways:

Not to be confused with the Big Money Trigger Line (BMT)

-          Clears a way for ME to enter the trade with confidence

-          It pushes back any resistance or support like a 300lb linebacker would open a hole for a running back in American football.

-          Tells everyone else in the market that the BIG MONEY is here, and they too will follow suit

-          The big money has the million dollar budget for the analyst team.  They should know what they are doing!!!!

Can we take a trade w/out the big money as the trigger?

Yes you can, but you need to know what you’re doing.

Example:  if I see big money buyers at the HOD when we FIRST test the new highs. 

Then I see new highs and a pullback, but there is NO more big money.

I can use the first test and the big money we saw previously as a compensating to enter again.

The pattern needs to be almost perfect, in the perfect location on the BIG Picture.

Which is more important?

The Wedge Highs / Channel Highs (or) the OPEN of the day?

The open is a price magnet, and under low volume times in the market this will be a very sloppy and difficult area to trade through.

The hardest part about the OPEN is that it wont break, it will BEND.

If we have really fast speed, lots of consistency on the tape, and momentum should be PERFECT.

We need to have compensating factors to take that trade through the Open.

It might be better to wait through the open and then enter the trade.

Which chart templates would you use for the E-mini? 

Same as the others, Crude, Gold, Euro, Russell, anything will work.