Most of the setups discussed in this eBook are designed to get a trader into a position with an expected immediate turn around or continuation. Almost all of them use TICK extremes to determine when momentum is about to slow/change. The determination of a TICK extreme is made on breakout on a 5 minute TICK chart of a 12 period Bollinger Band with 2 standard deviations of the last 12 bars. Clear examples with easy to read graphics and charts were provided for each setup. Throughout the document he refers to the “RBI Support and Resistance Levels” are the levels that his group determines nightly and publishes as part of their subscription service.

I readily use one of Mike’s key trading rules when trading any of the Emini futures: if the trade is not going my way I exit immediately. Usually I exit in 60 seconds to two minutes if the TICK supported by price action turns against me. I will be taking a closer look at some his techniques reading the TICK. I am also going to take a look at the 60 EMA on 5 minute chart and the 15 EMA on the 2 minute chart and their correlation with extreme TICK readings for scalping the ES. At the end of the day, this document was a good read and a must read for anyone interested in scalping the eminis.