S/R Emini Journal
- Thread starter 4re
- Start date
- Status
I'll go for that neighbor...
For all that are worried about the trade this morning I hope most got out with money but I am still in. I did scale out half my position for 1.25 gain and it is looking like we are forming a continuation pennant, which will bring us down more. Just trying to do something different since I don't have to rush out today. I am incorporating the use of pennants, flags, and triangles into an existing trade to see if I can save some commission money this way. Will exit the whole trade at 1274 or earlier if I suspect I need to.
Here is an example of volume.
My indicator shows a possible unwinding of the down trend on 10.07 bar.
Volume is showing a healthy 4846 contracts shorts =3892, longs=954
At 10.08 the shorts retain control with 743 contracts at 76.50 against the longs 9 at the same price. Despite this selling pressure the next trade prints up at 76.75 and so that does it for me, I am onboard long at 76.75.
At 10.12 price is 78.00 which is a BE point so I unwind half my long position into the face of the BE longs.
I unloaded the balance after 10.24 heavy buying failed to lift the price.
I could have milked a couple more points but I dont trust the longs yet this morning.
Here is a thought to ponder on.
I use multiple TF´s much to RC´s dismay.
My 1M screen is permamently open and I toggle among 3, 4 & 5 depending on which one comes up next. Doing this means that I am printing more completed candles every hour. Also I never wait for the 3,5,13,15M frames to complete as I like to be ahead of the traffic and these boys contribute volume for me to trade into.
This taking a while to write as I am trading at the same time.
At 10.28 the BE longs completely moped up the shorts at 78.50 & 78.75 but within a minute the gutsy shorts strike back at 78.50 and again at 78.25
That did it for me and away I go again this time with the shorts.
Ok thats a wrap.
We are off to the dentist now before we head for el caribe next week.
Catch you later
My indicator shows a possible unwinding of the down trend on 10.07 bar.
Volume is showing a healthy 4846 contracts shorts =3892, longs=954
At 10.08 the shorts retain control with 743 contracts at 76.50 against the longs 9 at the same price. Despite this selling pressure the next trade prints up at 76.75 and so that does it for me, I am onboard long at 76.75.
At 10.12 price is 78.00 which is a BE point so I unwind half my long position into the face of the BE longs.
I unloaded the balance after 10.24 heavy buying failed to lift the price.
I could have milked a couple more points but I dont trust the longs yet this morning.
Here is a thought to ponder on.
I use multiple TF´s much to RC´s dismay.
My 1M screen is permamently open and I toggle among 3, 4 & 5 depending on which one comes up next. Doing this means that I am printing more completed candles every hour. Also I never wait for the 3,5,13,15M frames to complete as I like to be ahead of the traffic and these boys contribute volume for me to trade into.
This taking a while to write as I am trading at the same time.
At 10.28 the BE longs completely moped up the shorts at 78.50 & 78.75 but within a minute the gutsy shorts strike back at 78.50 and again at 78.25
That did it for me and away I go again this time with the shorts.
Ok thats a wrap.
We are off to the dentist now before we head for el caribe next week.
Catch you later
I got my 1274 and I am done for the day. That took a little longer than usual and the pennant never really got a chance to develop but since we were just walking the lower BB down I felt safe doing this trade. So here is the wrap up for today:
Went short at 1278 sold half position at 1276.75 for 1.25 kept the other half short to 1274.
We could get some stalls at this point but I still think we have some more room to go down. Quite a bit actually.
4re
P.S. I still have my Q's puts going and they are rocking this morning.
Went short at 1278 sold half position at 1276.75 for 1.25 kept the other half short to 1274.
We could get some stalls at this point but I still think we have some more room to go down. Quite a bit actually.
4re
P.S. I still have my Q's puts going and they are rocking this morning.
heh hehe
.i don't trade after partying.
no way, uhuh, ain't gonna do it.
so i chilled yesterday and i'm just sitt'in here watching price action bounce around today.
nice down move, but i don't think that we're gonna close down today 4re (market's at bottom third level support based on pivot point analysis), we'll see.
thanks for the analysis of your system using volume order flow hardyards, i always wondered about how to use it, and while i tried something like that in my early days, i couldn't get it to click, so i kept looking.
right now i'm very happy with the juju that i got, so i'm going to stick with it, but it's great (for me) to get some insight into all of these systems which use completely different methodologies to successfully trade the e-mini's.
... and they said it couldn't be done.
later,
Jimmy Jam
Quote from JimmyJam:
heh hehe
i don't trade after partying.
no way, uhuh, ain't gonna do it.
so i chilled yesterday and i'm just sitt'in here watching price action bounce around today.
nice down move, but i don't think that we're gonna close down today 4re (market's at bottom third level support based on pivot point analysis), we'll see.
thanks for the analysis of your system using volume order flow hardyards, i always wondered about how to use it, and while i tried something like that in my early days, i couldn't get it to click, so i kept looking.
right now i'm very happy with the juju that i got, so i'm going to stick with it, but it's great (form me) to get some insight into all of these systems which use completely different methodologies to successfully trade the e-mini's.
... and they said it couldn't be done.
later,
Jimmy Jam
So far we are doing this in a very friendly manner. Surprising isn't it.
But I do believe that we have broken support and headed down for the short term anyway. As long as we close under last Friday's low we still have downside. Market not bloody enough yet.
- Status