S/R Emini Journal

[4re]

Well Guys,
We had another good day today. I only hope the rest of the week goes the same way.

Here are my numbers for tomorrow:

Long 1284.75-1287.50

Short 1276.75-1273.75

Good trading tomorrow for everyone.

Gary

 

[4re]

Here is a very handy document to check out. This is a topic that we were discussing just last week concerning volume. Hope it will shed some light on the subject.

http://www.cbot.com/cbot/pub/cont_detail/0,3206,1560+18718,00.html

4re

 

[4re]

Well Everybody, do you have your platforms fired up and ready for another rocking trading day. I sure hope we aren't looking at flat day. I need some movement in the markets.

 

[riaamaan]

Ya, hopefully we'll be departing the 1282 chop zone today.

 

[K-Rock]

Quote from olero:

Here is an indicator that some of you may be interested in. I haven't used it myself but it's intention is to help filter the noise from the market.

It is called "Crabel Stretch" and if you are using eSignal it can be located here http://forum.esignalcentral.com/showthread.php?s=&threadid=1171

It is calculated by taking the 10 day average of difference between the close and the (high/low). Which ever is the smallest is used in the calculation.

Then you add/subtract this to/from the open and this gives you your entry point.

It has been suggested by another ET poster to add 10% to this figure to keep you off of the ragged edge.

Russ

Please explain how to use it to trade?

 

[yvberj]

Quote from 4re:

Well Everybody, do you have your platforms fired up and ready for another rocking trading day. I sure hope we aren't looking at flat day. I need some movement in the markets.

If we have any activity today we may move down to about the 1269 level which is what I have as a support. Most of my indicators have or are turning down.

Alex

 

[4re]

Quote from riaamaan:

Ya, hopefully we'll be departing the 1282 chop zone today.

yep, I'll be long at 1284.75. If we make it.

 

[4re]

Quote from 4re:

yep, I'll be long at 1284.75. If we make it.

Or short 1276.75

 

[K-Rock]

I hope it's not an inside day.

 

[4re]

Quote from K-Rock:

I hope it's not an inside day.

Well if it is I just won't trade. If you are not losing money you are better than at least 50% of the traders that day. That is the glass half full approach to trading.