Spot the buying on the YM emini – and no prizes

5 minute chart - YM emini
5 minute chart – YM emini

One of the most popular weekly competitions that used to run in the newspapers here in the UK was called ‘Spot The Ball’. The object was very simple and required you to place crosses on a photo from which the football had been removed, with your best guess of where it was at that precise moment. Closest to the centre of the ball won the weekly jackpot. This morning’s variation on this theme is called ‘Spot The Buying’ as the YM Emini sold off sharply in early trading, only to recover just as quickly returning to the open. Answers on a postcard ( or comments section to my website!) – no prizes I’m afraid just the satisfaction of being right!!

By Anna Coulling

Charts are from NinjaTrader and the trading indicators from Quantum Trading.

About Anna 1054 Articles
Hi – my name is Anna Coulling and I am a full time currency, commodities and equities trader. I have been involved in both trading and investing for over fifteen years and have traded many different financial instruments, from options and futures to stocks and commodities. I write and publish articles ( mostly for free ) for UK and international publications on a wide variety of financial issues, and in particular I enjoy helping others learn how to invest and trade.

2 Comments on Spot the buying on the YM emini – and no prizes

    • Hi Lloyd – many thanks and just confirms the power of volume price analysis – a great example today and one which happens in all markets and all timeframes:-) Happy trading – all best wishes – Anna

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