S/R Emini Journal

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Quote from boro45:

Even a blind squirrel finds an acorn once in a while.:p
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But it is usually in the middle of a busy road...LOL

You have had a pretty good week so far haven't you?
 
Long at 1260.75 (not a recommendation).

So, oversold becomes more oversold. :eek:

Big freak'in deal. :p

It's always dakrest before the dawn.

Now let's see how dark this bad boy can get.

Later,

JJ
 
Quote from JimmyJam:

Long at 1260.75 (not a recommendation).

So, oversold becomes more oversold. :eek:

Big freak'in deal. :p

It's always dakrest before the dawn.

Now let's see how dark this bad boy can get.

Later,

JJ
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Still some darkness to go.

BTW, I couldn't resist and went short again at 1261 and got 3 points out it this time. I thought about going for 4 but just couldn't do it.
 
Quote from 4re:

Still some darkness to go.

BTW, I couldn't resist and went short again at 1261 and got 3 points out it this time. I thought about going for 4 but just couldn't do it.
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You're collecting my chips at the table :eek: !

That's OK.

I'm still working on a few thing heres like mm, wherein I have a 16 pt stop, initial profit target of 9 ticks on 1/2, 2nd profit target, open (until conditions that initiated the setup change or MOC.

The scalping thing is good for the short profit, but I think there is more to be had (could be wrong, we'll see) from the markets.

Got ta fine tune my entries though (duh).

Later,

JJ

P.S. Previous trade out 4 pts, looking to re-enter @ 1258.
 

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Quote from JimmyJam:

You're collecting my chips at the table :eek: !

That's OK.

I'm still working on a few thing heres like mm, wherein I have a 16 pt stop, initial profit target of 9 ticks on 1/2, 2nd profit target, open (until conditions that initiated the setup change or MOC.

The scalping thing is good for the short profit, but I think there is more to be had (could be wrong, we'll see) from the markets.

Got ta fine tune my entries though (duh).

Later,

JJ

P.S. Previous trade out 4 pts, looking to re-enter @ 1258.
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Sorry, I didn't know you were eating. I saw the table set with nobody in sight I start chowing.
 
Quote from 4re:

Just for curiosity sake I am keeping a look at this formation. If it is correct it should break to the horizontal.
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Hey bro, we're look'in at exactly opposite sides of the market here!

That's OK, that's what makes a market.

Added another set of contracts at 1259 (gotta make-up for me losses).

Gonna stretch my profit target too, holding everything to 1268.
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I think trading is all about S/R, the market trades back-and-forth in a constant effort to know the future price action, a very simple but robust system can make a ton of dough, (but the tricky part is putting together a system with really solid performance without over optimizing it). - and that's harder than it looks.

Later,

Jimmy
 
Quote from JimmyJam:

Hey bro, we're look'in at exactly opposite sides of the market here!

That's OK, that's what makes a market.

Added another set of contracts at 1259 (gotta make-up for me losses).

Gonna stretch my profit target too, holding everything to 1268.
***
I think trading is all about S/R, the market trades back-and-forth in a constant effort to know the future price action, a very simple but robust system can make a ton of dough, (but the tricky part is putting together a system with really solid performance without over optimizing it).

Later,

Jimmy
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You are correct, once I get set on how to do my trading I don't change. I have had everything the way I wanted it since about a month before I started this journal and I haven't changed. If the market changes for a long period of time then I'll change markets before changing my plan. It's always worked so far anyway. They say you can't consider yourself a trader until you have survived a bull and a bear market. I have done both and so far still playing. I hope it continues.
 
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