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  1. 4

    S/R Emini Journal

    To be real honest, no system is any better than another if it is profitable. My system is simple because I need it be and that is the only reason. I am glad you like and feel free to try it out any time. I post my trades the day before so it makes it easy for anyone to try it. I also like to...
  2. 4

    S/R Emini Journal

    Yeah, it is kind of funny how some people have gone away from TI with their own little systems. I feel sorry for the people that just stick with them for signals only. From what I saw those people were generally losing more than not. I do use pre set entries which are what I have been...
  3. 4

    S/R Emini Journal

    Like yesterday my long was hit in pre market just as I was bringing up my charts. I went ahead and took it. If it happens during the night while I am sleeping I just skip it. The same trade might come into play after the opens also. Between my brother and I we took the same trade 3 times...
  4. 4

    S/R Emini Journal

    Good question, If you will look at my charts you will see that I determine my S/R levels at points where the candles have kept hitting a certain price and then bouncing off of it. The more times I see it bounce off the stronger the S/R is. So I wait for the price to push through by a couple of...
  5. 4

    S/R Emini Journal

    That is how I started trading the emini also. About a month after taking the course I found that I was trading opposite TI more than with them though. So I just stopped listening to them. And went back to my style of trading. When I am taking about momentum I am talking about a couple of...
  6. 4

    S/R Emini Journal

    Actually I do this sometimes but with my schedule it is more helpful to me to just take all of it off the table go do some work and come back to look for another set up. I own a Neuro-Diagnostic company and I can get called at weird hours and have to leave. That is why I started trading this...
  7. 4

    S/R Emini Journal

    You weren't by any chance a TI trader were you. I know Traders International uses that also. Actually the pivots and also fib retracements. Those are the things that form the strong support and resistance levels that I use. I just wait for momentum to build to the point where it breaks through...
  8. 4

    S/R Emini Journal

    You are exactly right. I am not to proud to do a market order and take 1 or 11/2 points. If it starts reversing after 11/2 I will get out. Better to take profit than to watch it reverse and next thing you know you are losing money. I can always play it again if it comes back up. Usually when it...
  9. 4

    S/R Emini Journal

    I just try to limit my losses as much as possible. Sometimes you get that feel that it may not happen and I'll take a 1 point loss and drive on. Sometimes I just take 1 1/2 point if it doesn't feel right at the end. My entries are almost automatic but once the trade is on I use a lot of...
  10. 4

    S/R Emini Journal

    I like stocks and options on IBM and Nokia. My last option trade was NOK 17.50 calls when they were .35. Sold them when stock hit 21.50. That was a nice one but It seemed like it took forever. Bought them in Oct sold them in Apr.
  11. 4

    S/R Emini Journal

    More than anything I use the idea of it breaking through the S/R level usually by .50 - .75. I also look at my moving averages to keep me in a trade. I have had it a few times when it 1 1/2 points and start reversing. When that happens I have a problem, do I take one point or wait and see if I...
  12. 4

    S/R Emini Journal

    One thing to remember is when I am planning my trades for a day I look to make sure that there is at least 2 points of movement between entry and the next support or resistance. If there isn't I move up or down a level until I find one. If I have a day where neither my long or shot comes into...
  13. 4

    S/R Emini Journal

    We just use the momentum of breakouts is all it is. I have been using it for years in options, stocks and now eminis. But if God is smiling on us I'll take all the help I can get...
  14. 4

    S/R Emini Journal

    Just talked to him. He didn't get to his screen and see it until then. He was placing an options order at the time.
  15. 4

    S/R Emini Journal

    Just for the sake of trying it I just took the same trade and got 2 more points off of it. So it has worked 3 times today. Each time it had a lot of momentum behind it and pushed it right through my target. To answer you question about 8:40, he had the order set but did not get filled on it...
  16. 4

    S/R Emini Journal

    Also take note that my short call for today also worked so regardless if you missed the first trade hopefully the second trade will come into play that day. GL, 4re
  17. 4

    S/R Emini Journal

    On my part I guess you could say it was luck but my brother took the same trade long at 8:45 and target of 1270 was hit at 8:54. These trades have worked for me multiple times in one day. So it not out of the ordinary. Good question, though...
  18. 4

    S/R Emini Journal

    I have been tempet to set it up to automatically do the trade but have not yet. I start looking at the charts around 7:30 CST and if it hits I take it. Looks like the short would have worked today also. Since I am going for 2 points at a time. I wish I would have been around to take it. Tell...
  19. 4

    S/R Emini Journal

    I know I said I would not be able to trade today but I was able to catch my long call in the pre market and went long at 1268, covered at 1270. Now I am done for the day... GL on options expiration day, 4re
  20. 4

    S/R Emini Journal

    I checked it with options xpress and yahoo and they also show the low of day on 12-30 at 1261.25. If you can upload your chart maybe we can compare.
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