S/R Emini Journal

[4re]

Quote from volente_00:

Probably a smart move since rule of 10 gave a buy at 1259.75.

I was mainly just looking at the BB's and volume. Plus the time it took me to get there. I do still believe we have more downside today though. Mainly based on funny-mentals....

 

[4re]

I am short at 61 again

 

[volente_00]

FWIW, there looks to be an inverse head and shoulders forming longer term. Options expire next week and there is a lot of open put interest at 1250 and 1260 on spy. Also the fib retracement is 1249.83 form the previous high to low.

 

[4re]

Point and match...I took this trade to 2.5 points so for 2 trades I have an average of 2 points per trade. Now, I am done for the day.

 

[boro45]

Stayed short at 1261 from pre-market entry.

Filled 1st half at 1259 at 8:50 2nd half at 1258 at 8:51

Currently short YM from 11005. exited 1st half at 10993.

 

[volente_00]

You don't wanna play long with me ?

 

[4re]

Quote from boro45:

Stayed short at 1261 from pre-market entry.

Filled 1st half at 1259 at 8:50 2nd half at 1258 at 8:51

Currently short YM from 11005. exited 1st half at 10993.

Great trade my friend. These are my kind of days. Hope it continues for all of us

 

[4re]

Quote from volente_00:

You don't wanna play long with me ?

Sorry, I can't come out and play right now...LOL...My mom says I could get a stomach cramp...

 

[4re]

Too much negative news this morning and looking at the daily I see more downside action today.

 

[sportmatt37]

Quote from volente_00:

FWIW, there looks to be an inverse head and shoulders forming longer term. Options expire next week and there is a lot of open put interest at 1250 on spy.

not much of a move for that shs to reverse - I wouldn't expect much out of it