S/R Emini Journal

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Quote from sandygray66:

4re -

Well, your 1289 level did terrific with this morning's labor info. That level was clear from yesterday's high.

However, I'd like to understand how you chose the 1293.5 level as the next breakout level - especially since that level was presciently the exact high so far this morning. :)

Sandy

Sandy,
There were some needle bottom candles from 2 weeks ago Wednesday that were still in effect. I wanted to clear them into an up channel
 
fwiw....you guys might also want to try listening to S&P pit noise...it brings a different perspective to trading and is the main reason why I have a high percentage of winning trades...there were big sellers this morning off the open.....
 
I hate the pre market. I try not to trade it but when my numbers come up and I am awake I do take them. First trade would have done it for me but I screwed it up. My fault, totally...
 
Quote from monti1a:

fwiw....you guys might also want to try listening to S&P pit noise...it brings a different perspective to trading and is the main reason why I have a high percentage of winning trades...there were big sellers this morning off the open.....

I was suspecting as much right before the open. I had a bad vibe. This might not be my day. One busted trade and one order entry problem. Probably best not to do any revenge trading. Last 2 weeks have been really good though and I have banked some good profit this week.
 
4re....you can't win 'em all...you're still awesome.....I agree...avoid revenge trading at all costs.....even if means taking the rest of the day off........
 
Quote from monti1a:

fwiw....you guys might also want to try listening to S&P pit noise...it brings a different perspective to trading and is the main reason why I have a high percentage of winning trades...there were big sellers this morning off the open.....

Tell me a little bit about that.
 
Quote from monti1a:

fwiw....you guys might also want to try listening to S&P pit noise...it brings a different perspective to trading and is the main reason why I have a high percentage of winning trades...there were big sellers this morning off the open.....

What is your source for "pit noise"
 
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