S/R Emini Journal

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Quote from billy c:

Thanks. Need to think about it for a while. I had chosen 1332.5, 1339.75. I have been following for a while and am mostly in agreement. This time it seemed less obvious to me and I wondered what I was missing.
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Yeah, The chart from friday was a little different in that there are several levels very close together that don't provide us with at least 2 points. Therefore the safe play is to wait and see if it goes up to 1334.50.
 
50% of short covered @ 1328.75

+6.37pts on 9 units covered 1322.50
+0.12 on 9 units covered 1328.75

Seeing signs of reversal to the upside
 
Quote from romik:



Seeing signs of reversal to the upside
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I was seeing signs of reversing on Friday as well. Didn't know if I was correct though. I wish you well on your quest this week.
 
if mechanical system daytrading a few times most days, what good does it do to guess or think what is coming next? I trade what i see on the chart "right now" based solely on proven system signals.......no one knows what the next bar is bringing, only the highest probability is best we can do....so how does speculating as to market direction for daytrading have value? .IMHO it only biases the mind....mechanical system blown.......this is a serious question.....not meant to be confrontational....if discretionary or position trading then forget the above...
 
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