S/R Emini Journal

[4re]

Looks like today might be the day Romik gets to cash in on his shorts.

Romik,
If you are reading this I hope you get your big bucks on that trade today.

Gary

I am out and going to the fair, ya'll have a great day.

 

[romik]

Quote from 4re:

Looks like today might be the day Romik gets to cash in on his shorts.

Romik,
If you are reading this I hope you get your big bucks on that trade today.

Gary

I am out and going to the fair, ya'll have a great day.

Go to Hell

 

[TraderTwink]

What type of order are you using to get into the market on the s/r breakout? I thought I read somewhere in the thread that a stop market was used. In the video, talking about the flag breakout (the first bullish flag), price briefly hit the entry price and you indicated we might nbot have gotten in on that move (and took the 2 pt hit). That would indicate a limit entry??

Questions, questions.......

Anyway, I have my short entry for 1342.50 entered, with a oso bracket for a 2pt s/l and pt.

twink

 

[TraderTwink]

Anyone seeing a triangle setting up on the 5m with a horizontal @ 1343.75??

 

[TraderTwink]

of course my problem with chart patterns is that I read too much into them. Also looks like a price channel with a partial decline.

 

[yvberj]

Looks like we're stuck in a sideways pattern. Questions are; how long are we stuck here and which way will it break.

Let's take a poll. Which way is the break? My vote is short term down.

Alex

 

[Alexandre]

trying to keep the market afloat by propping the dow until european close

 

[4re]

Quote from yvberj:

Looks like we're stuck in a sideways pattern. Questions are; how long are we stuck here and which way will it break.

Let's take a poll. Which way is the break? My vote is short term down.

Alex

Romik,
Such bad language for your cheering squad, I understand though.


My vote is more downside today. Here is the pennant I have drawn.

Gary

 

[romik]

Quote from 4re:

Romik,
Such bad language for your cheering squad, I understand though.


My vote is more downside today. Here is the pennant I have drawn.

Gary

Did you see Pabst's statement? I mean all the indicators that I follow do suggest at least a temporary move down. Wouldn't be surprised if I, and others, will be made to either take heat and/or cover though. I think my expectations, as far as PTs go, are reasonable enough.

 

[4re]

Quote from romik:

Did you see Pabst's statement? I mean all the indicators that I follow do suggest at least a temporary move down. Wouldn't be surprised if I, and others, will be made to either take heat and/or cover though. I think my expectations, as far as PTs go, are reasonable enough.

I did see his statements regarding Black Monday. It looks like my pennant formation is pretty much blown doesn't it. My T/A still shows quite a bit of upside but the funny-mentals kind of point to the negative. So I would be guessing if I said which way it will go. I will get to spend more time traing tomorrow. I wish your trade the best though and will be rooting for you.