S/R Emini Journal

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Quote from romik:

Sure, I don't mind contributing if there is interest.
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I'll bet there is interest. Bill and Jeff both like the stocks and maybe more.

Since you have been doing some stock watching and such. I would like for you (if you don't mind) to confirm what I have said many times in this journal. A chart is a chart, if you can trade one thing you can trade any of them. You might have to make small adjustments but they are all just the same charts. There should be no fear moving from one market to the other. Has this been your experience so far?

Gary
 
Quote from 4re:

I'll bet there is interest. Bill and Jeff both like the stocks and maybe more.

Since you have been doing some stock watching and such. I would like for you (if you don't mind) to confirm what I have said many times in this journal. A chart is a chart, if you can trade one thing you can trade any of them. You might have to make small adjustments but they are all just the same charts. There should be no fear moving from one market to the other. Has this been your experience so far?

Gary
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If there is no manipulation in a financial instrument to be traded, then I would agree, a chart is a chart and it's our best friend in many aspects. Many are of an opinion that MMs/analysts/specialists are out there to screw us, perhaps that could be argued about, but judging by my current performance, not forgetting the fact that I do not hold any degrees in maths, have never received any official training of any kind (trading) I have been doing OK, mostly stocks and mainly from S&P500 list companies, some futures. I will be moving on to currency futures soon.

Here is a link to a recent annotated chart that features, reasons for entry and exit.

http://www.elitetrader.com/vb/showthread.php?s=&postid=1196685#post1196685
 
Quote from romik:

If there is no manipulation in a financial instrument to be traded, then I would agree, a chart is a chart and it's our best friend in many aspects. Many are of an opinion that MMs/analysts/specialists are out there to screw us, perhaps that could be argued about, but judging by my current performance, not forgetting the fact that I do not hold any degrees in maths, have never received any official training of any kind (trading) I have been doing OK, mostly stocks and mainly from S&P500 list companies, some futures. I will be moving on to currency futures soon.

Here is a link to a recent annotated chart that features, reasons for entry and exit.

http://www.elitetrader.com/vb/showthread.php?s=&postid=1196685#post1196685
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Yes, I have had MM's trying to jack with me on trades but not bad enough to keep me away if I know my trade is good.

This happens on options trades...
 
I am going to have to take my son to baseball practice soon so I went ahead and did my charting for tomorrow a little early. Here are my numbers for tomorrow.

Long 1315.25 - 1318.75

Short 1308. 50 - 1303.00 In case this happens before the open or if someone wants another trade. The next support level is very close so I added it to the chart.

Second short 1302 - 1294

Good trading to all,
Gary
 

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Quote from 4re:

Thank you MDT,
The only problem here lately is that the market has been too boring for any of my numbers to get hit. But they have kept me out of the choppy mess lately.

It is kind of funny, I have been watching the Q's and the ES side by side and they both bounced off the same support at the same time today.

One question for you and everyone else: Are these S/R levels easy enough for you guys to find on your own. If not and you would like to focus on learning how to find them let me know and we'll Get R Done...
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haven't read to the end of this thread yet,so i don't know if anyone else has commented on this, but no-they're not easy to find and yes- i would like to focus on learning them.
 
forums don't die they just fade away. is this the status of this forum? i hope not. the problem with a system that is single faceted is it is single faceted. it is great but if market does not cooperate with it for awhile it doesn't produce coins, while the market is producing coins each day...a lot of coins...then again if the one trick pony system.......LOL..........i like the 4re system aslong as it works and it obviously does for him...........if it works a few times a week with multiple contracts it can capture enough coins to be happy.......then when the market goes in favor of one trick pony system it can be more rewarding. most don't have the patience to wait for slower signals.....they want the right now signals....for the rush they are seeking as they gamble their account to oblivion........IMHO:eek: :eek:
 
Quote from princessa:

haven't read to the end of this thread yet,so i don't know if anyone else has commented on this, but no-they're not easy to find and yes- i would like to focus on learning them.
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We are working on getting it set up. Hopefully it won't take too long.
 
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