S/R Emini Journal

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Quote from thebuzzkill:

Any thoughts as to whether we will be revisiting the lows again today? Seems to be a lot of resistence at 1263.
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At this point I don't know what will happen after lunch today.
 
Quote from thebuzzkill:

Any thoughts as to whether we will be revisiting the lows again today? Seems to be a lot of resistence at 1263.
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I think that the market is begining to unwind its short term oversold condition. I think it will rally to the close - then maybe a few more days until it resumes its downtrend
 
Quote from 4re:

Who knows maybe today is the perfect kind of day. One where we all make money using different methods. Doesn't always happen but it is nice when it does work.

I am glad I took that extra trade now because I won't be able to trade tomorrow at all.:mad:

Here's a little some for all of us.
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i take it you don't favour PHAT steaks :D
 
Quote from romik:

pull up an hourly JJ for motivation purposes :)
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CCI Histogram signaling massive oversold (-200)
MACD Histogram showing BLD
RSI moving into positive territory >30

Well alright!

Aggregate Long @ 1258.50.

Stop @ 1253.50.

Profit @ 1278.50

Scratch the MOC, Holding Overnight to Profit Target.

Let's see how this plays out ...

it's no good without a picture
 

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Quote from sportmatt37:

I think that the market is begining to unwind its short term oversold condition. I think it will rally to the close - then maybe a few more days until it resumes its downtrend
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my thoughts exactly, apart from OS I would replace with pullback/shake out
 
Quote from romik:

i take it you don't favour PHAT steaks :D
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I'll eat any hunk of cow there is, not picky....But that one looked real good right next to the Australian lobster.
 
Quote from romik:

my thoughts exactly, apart from OS I would replace with pullback/shake out
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there was a trader over at the "why i like position trading thread" asking b1s2 about his setups ... hope for his sake he wonders over to this thread
 
Quote from JimmyJam:

there was a trader over at the "why i like position trading thread" asking b1s2 about his setups ... hope for his sake he wonders over to this thread
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Why, you think he wants some of the steak I sent you guys?
 
Quote from JimmyJam:

CCI Histogram signaling massive oversold (-200)
MACD Histogram showing BLD
RSI moving into positive territory >30

Well alright!

Aggregate Long @ 1258.50.

Stop @ 1253.50.

Profit @ 1278.50

Scratch the MOC, Holding Overnight to Profit Target.

Let's see how this plays out ...

it's no good without a picture
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Nice one JJ! Have you considered using minimum initial position size @ entry and scaling in on pullbacks? That would increase your stop level for these longer positions, though keeping your risk same as multi-lot trades based on narrow stops . You can perhaps open a second account and use it for your short term trades, diversifying.
 
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