S/R Emini Journal

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Quote from 4re:

Alright, Gary finally got a couple of trades under his belt. It is about time let me tell you. Well here are my numbers for tomorrow.

Long 1328.25 - 1342??? We are kind of in no mans land right now on the upside.

Short 1323.25 - 1317.50

I'll just be able to trade the first hour tomorrow so maybe I'll get one in.

Good Trading To All,
Gary
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Hey gary,
just curious why your short level is so high compared to your other daily ranges in the past ?
 
Quote from volente_00:

Hey gary,
just curious why your short level is so high compared to your other daily ranges in the past ?
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Because yesterday was a trend day it left use with a support level that was not the LOD. Here lately it seems like the LOD from the day before kept getting used because the range was so small. As we get more trend days the little chart patterns I see today often times will provide use with a support or resistance level for tomorrow.
 
Quote from billp:

4re,

For chartpattern such as pennants, flags, where will you put your stop loss? Is it at the lowest part of where the pennant started with some wiggle room (for long entry)? Thanks.
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For me I still use the same 2 point target and 2 point S/L. But you can calculate the flag pole if you want to. It is really up to you.

For stocks I think your suggestion is a good one.
 
Quote from brandon12:

So gary did you short at 1123.25 were you had your short target?
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No, I didn't even know it got hit. I just got back from taking my son to school and brought up my charts. I doubt with the low volume if I would have even gotten filled on it since it just barely got hit. But I am ready now.
 
Quote from 4re:

No, I didn't even know it got hit. I just got back from taking my son to school and brought up my charts. I doubt with the low volume if I would have even gotten filled on it since it just barely got hit. But I am ready now.
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Do you put a limit order in or enter manually for all your orders?
 
Quote from Patricio:

Do you put a limit order in or enter manually for all your orders?
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I use Ninja Trader so I use the the Stop Market order for my entry and a Limit order for my exit unless I need to get out of a trade early and then I just use the Flatten All
 
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