S/R Emini Journal

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Quote from Lamont_C:

No, me neither. And it isn't as if traders can't decide what to do. It's as if they're not there. But this is a little early to be taking off for Memorial Day.

Almost like everyone is on the sidelines waiting for direction isn't it.
 
Quote from Lamont_C:

Hell of a long wait. Did you take the trade?

I didn't take any trades since this morning. I really haven't been watching the charts very much. That is the only way I can keep my money and not be trading.
 
Quote from 4re:

Based on my BB theory I would have gone long at 1267.75 as marked on my chart. Would have taken 2 points.

If you'd taken the short at 69.5, you'd have had to make a pretty fast turnaround. Would you psychologically been able to exit and reverse so quickly?
 
Quote from JimmyJam:


I've suggested to other traders at the site that if they read through 100 threads they would have gained a good education on trading - at which point I was told that I was an idiot, and that reading 100 threads would not make you a better trader.

My reply was, it depends on which 100 you read.

No one called you an idiot. You were just told that reading 100
threads at ET will not guarantee you will become a trader.

Also, you were telling floortradr he was a "mark" and would "always"
be a "mark" because he had paid someone 5k to learn something
about trading. You were being quite abusive to the fellow.

Sounds like from a post of yours a little while ago you also paid
someone to teach you how to trade. Now does that make you a "mark"?

Hopefully for you this thread will be the one that will send you off to
profit land... Good luck with your trading...:cool:
 
Quote from Lamont_C:

If you'd taken the short at 69.5, you'd have had to make a pretty fast turnaround. Would you psychologically been able to exit and reverse so quickly?

I use Ninja Trader and I have mine programmed for targets at 2,3,4 points. I just click the one I want. So I could turn it around pretty quickly. Any time I get nervous I hit flatten all and I am out. I don't do it often but I am not nervous about doing it.
 
Quote from 4re:

I use Ninja Trader and I have mine programmed for targets at 2,3,4 points. I just click the one I want. So I could turn it around pretty quickly. Any time I get nervous I hit flatten all and I am out. I don't do it often but I am not nervous about doing it.

Incidentally, if you make notes on these trades, don't forget to note the R level at 66.5 from yesterday.
 
Saico,
Did you take the short you called yesterday? Would have waited all day but once it got there you would have made points quickly.
 
Quote from 4re:

Saico,
Did you take the short you called yesterday? Would have waited all day but once it got there you would have made points quickly.

I only took the long, 4re. Followed your approach. The first try for the short should have been stopped out and the second try worked nicely.

Here are my levels for tommorrow. Comments as always much appreciated. Still a newbie here.
 

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