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My Daytrading Method
- Thread starter eminitrader007
- Start date
The market was down about 1% on Friday but there was no follow through this morning. Although the market managed to go below Friday's low, it was quickly rejected and closed higher.
Market likely to test 1315.
VR: 1303-1304.
Market likely to test 1315.
VR: 1303-1304.
Quote from eminitrader007:
The market was down about 1% on Friday but there was no follow through this morning. Although the market managed to go below Friday's low, it was quickly rejected and closed higher.
Market likely to test 1315.
VR: 1303-1304.
Current Daily Trend: Non-trending to down-trend. I would say it's somewhere in between. So I'll look to fade any rally here.
Sell-limit: 1308
Stop: 1312
Target: 1302
Quote from eminitrader007:
Missed the limit-price by .25 pts.
Dude, you've worked out a great system here that doesn't rely on any specialized charting or indicators to deliver a profit, loosen the reins by +/- a point or so (the market doesn't have your numbers).
See the areas as being target "ranges", not exact points.
Best Regards,
Jimmy
Quote from JimmyJam:
Dude, you've worked out a great system here that doesn't rely on any specialized charting or indicators to deliver a profit, loosen the reins by +/- a point or so (the market doesn't have your numbers).
See the areas as being target "ranges", not exact points.
Best Regards,
Jimmy
1307.5 would have been the ideal price and that's what it should have been. My fault, but I'm moving in the right direction.
thanks for the kind words.
Quote from cnms2:
This is what I meant in my earlier post on your thread: http://www.elitetrader.com/vb/showthread.php?s=&postid=1018076#post1018076
This will definitely boost your profitability.
Thanks!!!
Quote from 1000:
Can you tell, now what the market is going to do tomorrow.
Because it is really easy to predict the market during cash trading, by following the elephant prints, and riding the wave.
Sorry 1000, pardon me if English is your second language but I dd not understand your question.
By the way English is my second language too.
Quote from eminitrader007:
Sorry 1000, pardon me if English is your second language but I dd not understand your question.
By the way English is my second language too.
Post todays trade before the Nymex products inventory release. Let's see if you have what it takes.
Self insults is a losers game (traders don't speak English).