Eminimind

If you have questions regarding anything in the VIP area, from suggestions to specific trading challenges please feel free to email me at Tim@EminiMind.com, I’m happy to help.

Live Trading Session: Tuesday’s 9:30 – 11:00 AM EST

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Getting Started

Trading Psychology

Understanding Trading Psychology (1-hr 5-mins)
10 Steps to Developing a Winning Trader’s Mindset (25-mins)
Overcoming Self-Destructive Behaviors to Become a Peak-Performance Trader (45-mins) This is a good video highlighting that besides fear and judgement there is also courage, discipline, self-compassion and impartiality living inside of you. You have to enrich your memory going to moments where you have been challenged by uncertainty and where you were able to stand tall. When you remember these moments you work from memory of performance. You can now know it happened and you can stand up to the inner critic. You can build up the mind to take a trade. The challenges of life don’t go away but the mind you bring to those challenges changes. You facing and embracing the challenges of the market. Now you master the dragon within you. The inner critic only the power that you give it. You establish your mindset before you start trading. In this world you will find trials and tribulation but take courage for I have conquered the world. There is a short version of this video in the folder Racette
The 3 Pillars to a Successful Trading Career (30-mins)

Risk Management & Position Sizing

Swing Trading

Trading Breakouts

Trading Retracements

The Crossover Trade Explained | Trade Setups 101 – YouTube Good video, the edited version is in the folder Racette. In the video he shows how the price first moves down after the open, then moves back to the 50% level giving opportunity for a short which he does not take. Then when price moves down and breaks the swing low from the prior 50 % retracement he does not take the next short opportunity because he drew up the opposing long which did not break the 61.8% failure level first, meaning the long would have gotten filled at that particular swing low if we had looked for one. When price moved down to the bottom of the 30-min low again (double bottom) he did not take that either because the NYSE tick short reading was not low at the low.
On the way back up when price moves past the 50% retracement for the entire session, he looks for a long because we are still halfway away from the upper level of the 30-min high in case we are met with resistance at the upper level. He takes the very first 50% retracement that breaks through the 50% level. This works well when you are trading in a big range.
Why the 30-min Range is So Useful When Day Trading Very good video highlighting how Tim waits for confirmation when trading by waiting for the opposing trade direction to fail by passing the 61.8 level and for a swing low or high being passed and then using that high or low to draw a retracement. He also explains toward the end how he trails a stop only when a swing low or high has passed. Video is in the folder Racette.
How to Profit From Market Retracements (55-mins)
Drawing Fibs (50-mins)
The Gap Fill Trade (35-mins)
A Week of Trade Setups (60-mins)
Trading the 6E for 3-hrs a day w/ 1-2 contracts (20-mins)
Profiting from Tick Charts (55-mins)
Trading the ES on the 512 Tick Chart (30-mins)
Using the First 30-min Range to Guide Your Day Trading (10-mins)
Tips for Trading Reversals, Bottoming Tail Days (10-mins)

Market Internals

Infinity Futures

Day Trading Strategy Videos

Breakout Setups

Retracement Setups

Trade Management

Swing Trading Strategy Videos

Market Analysis

Archive – Past Videos

Trade Recaps

Archive – Past Videos

Live Trading Sessions

Archive – Past Trading Sessions
11/29/22 – Live Trading Session – November 29, 2022 Here Tim almost trades a long as it crosses the first 30 min high as a resistance level, the 50% retracement level lines up perfectly with the 30min high. He does not take the trade because the NYSE tick does not come down close enough to the 0 line and price moves away moving the 50% level higher above the first 30 min high which was supposed to be the resistance level. I like to use the high and low of the first 30-mins as a potential support/resistance level along with the prior day’s high/low/close. Those are the places where I take the most trades (says Tim). You want to NYSE tick to be low when entering a long and high when you enter a short. 3 Videos are in the folder Racette and named fibonacci_small_range_50percent_needs _to_line_up_with high or low of 30 min range
12/13/22 – Live Trading Session – December 13, 2022 Tim does not trade the FOMC day, the day before is usually mute. Sometimes when you have a massive gap like on 12/13 then it falls into range and does not attempt to go higher or lower, just range bound. 15 min opening trade, trade entry after the first 15 min candle breaks one tick above and set another entry 1 tick below. Always take profit at 20 points. If first 15 minute candle is more than 20 points just cut it in half and use that as your stop loss. Don’t trail the candle because in some occasions that will stop you out. On some days, you will have 60 point runners, that is correct. On the other end, when you will trail your stop you will get kicked out due to chop. If at 12 pm and you have not been kicked out just use the NYSE high or low tick to exit. Building your mental muscle is good for your trading overall. Here is a link to the full explanation: https://martin.travel.blog/the-opening-range-breakout-trade/ Also available on Tim’s website: https://eminimind.com/opening-range-breakout-trade/

If the first long fails and then the first short, just stay out of that area. Don’t trade in the middle there.

Dragonfly Doji on the 5 min chart: if the low breaks we are heading lower fast. That is where all the stops are, if we break the high we are going higher towards high of the day. Anytime we have a bullish setup expect a reaction to the downside, if you have a bearish setup, expect a reaction to the upside.
Tim also explains his strategy how to seup retracements at first 30 min high and low. Best practices.

Hammer and Inverted Hammer on the 5 min chart are a good sign for a reversal.

Sitting on your hand keeps you mentally fresh because when you just take a trade out of boredom you are will miss the next good trade because you are busy.

Larger candle is the breakout candle on a 5 min chart.

Trader Interviews

Desire to Trade Podcast: Every Trader Has an Unfair Advantage – Listen
The Trading Edge Podcast – The fallacy of setting strict goals, the power of habits, and using the principle of inversion to gain an edge — Listen
Tim Bourquin Interviews Tim Racette on his Trading Strategies and the Upcoming Traders Expo
Stage 5 Trader Spotlight: Tim Racette (1-hr 20-mins)
Trader Interview w/ Rande Howell (25-mins)
Mark Douglas Interview (50-mins)

Trading Documentaries

Excel Spreadsheets

Goal Setting Worksheets

Thinkorswim Workspaces

Infinity Futures Chartbooks

Bonus Items

If you are interested in private mentoring shoot me an email Tim@EminiMind.com

Youtube
https://www.youtube.com/@EminiMind