S/R Emini Journal

Lamont_C · May 24, 2006

Quote from jrlvnv:

can u please post a chart when you can that shows the 1261.50 entry. I don't see it

Just above the swing high made at 1557 EST. At least that's where I'm getting it.

4re · May 24, 2006

Quote from jrlvnv:

can u please post a chart when you can that shows the 1261.50 entry. I don't see it

You probably won't see it. I was mainly basing it from the sell off yesterday and a channel I saw 2 or 3 days ago.

Hope you got into it anyay...I already played it.

4re · May 24, 2006

Went long 1261.50 and covered at 1264.50 25% of my account. Done for the day.

Yahoo another day in paradise

Lamont_C · May 24, 2006

Quote from 4re:

You probably won't see it. I was mainly basing it from the sell off yesterday and a channel I saw 2 or 3 days ago.

I see what you mean. Which helps explain why the swing high and previous swing low (@1548) occurred where they did.

saico · May 24, 2006

Quote from 4re:

Went long 1261.50 and covered at 1264.50 25% of my account. Done for the day.

Yahoo another day in paradise

Didnt it go down by 2.5 before reaching the target?

Saico

sandygray66 · May 24, 2006

But first run through 1261.5 dropped back and hit -2.0 stop? The second run through 1261.5 made it. Right?

jrlvnv · May 24, 2006

you did better then me. first time we hit market was moving fast and it went to 1262.50 and came down really fast and stopped me out for 2 points. Entered again at 61.50 then then news came out. Market popped up and hit my 2 point gain but didn't fill.... i moved my stop to BE and was stopped out only to watch the move go go go go go. Very fast action

hpeganz · May 24, 2006

4re,

What was your stop? > 1 point?

25 % of your account? Do you mean 25 % margin of your account or 25 % risk according to your stop??

Best regards, Helmut

4re · May 24, 2006

Quote from Lamont_C:

I see what you mean. Which helps explain why the swing high and previous swing low (@1548) occurred where they did.

That and they were gunning for trend line at 1265. They bounced it off of it.

JimmyJam · May 24, 2006

Quote from 4re:

Went long 1261.50 and covered at 1264.50 25% of my account. Done for the day.

Yahoo another day in paradise

Tried to SHORT at 1255.50 early morn breach of Resistance, stop got hit -2, oh well, you can't win all of'em (or at least, I can't) :eek:

Jimmy

P.S. That's OK. Learning a lot from working with you 4re, you've got an eye for which is pretty well developed!