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S/R Emini Journal
- Thread starter 4re
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Quote from 4re:
Could today be the day we break the 1307.75 resistance? So far it held in the pre market. If we do break through it I hope that it is right after the open so I can get in on it. It will take some good momentum to break through I would imagine.
I am here today, my laptop is not sharing the internet with desktop for some reason.
Quote from 4re:
Could today be the day we break the 1307.75 resistance? So far it held in the pre market. If we do break through it I hope that it is right after the open so I can get in on it. It will take some good momentum to break through I would imagine.
There is an inverted H and S set up to break out.
Here is my plan for today. I am going to trade 2 groups of trades. 1st one will be based on daily probability of low @ 1294 for a stop and target of 1315 or just under. This will be averaged on pullbacks, therefore the whole position will be in 4 groups of entries, keeping stop @ same 2% max risk to capital. 2nd group will be based on my usual daily S/R. I think (certainly looks that way to me) we are all go to 1315 today.
First entry 1307.50 (1/4 position)
Second @~1304.00 (1/4 position)
Third @~1300.50 (1/4 position)
Fourth @~1297.00 (1/4 position)
First entry 1307.50 (1/4 position)
Second @~1304.00 (1/4 position)
Third @~1300.50 (1/4 position)
Fourth @~1297.00 (1/4 position)
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Quote from romik:
Here is my plan for today. I am going to trade 2 groups of trades. 1st one will be based on daily probability of low @ 1294 for a stop and target of 1315 or just under. This will be averaged on pullbacks, therefore the whole position will be in 4 groups of entries, keeping stop @ same 2% max risk to capital. 2nd group will be based on my usual daily S/R. I think (certainly looks that way to me) we are all go to 1315 today.
First entry 1307.50 (1/4 position)
Good luck on it. I am hoping that we get my entry at 1308.25. We might drop down and fill the gap early just to get it filled and then go back up. Looks promising to 1312 IMO. Anything over that will put us in no mans land to about 1321. JMO...I had to look at the daily candles to find these resistance levels since they go back to May.
Quote from 4re:
Good luck on it. I am hoping that we get my entry at 1308.25. We might drop down and fill the gap early just to get it filled and then go back up. Looks promising to 1312 IMO. Anything over that will put us in no mans land to about 1321. JMO...I had to look at the daily candles to find these resistance levels since they go back to May.
Yes, I saw 1312.00, I will see what sort of resistance we will be getting there. Obviously, I am going for the daily channel's high.
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