S/R Emini Journal

Status
Not open for further replies.
Quote from JimmyJam:

Long at 1243.25 (not a recommendation)

Bottom may be in for the day ...
More...

Be careful here with the longs this afternoon. I hate to tell people how to trade but just think about a couple of funny-mentals here. Oil and gas prices are going up more everyday, the middle east conflict. Now, if I were an institution trader would I really want to keep that much money invested over the weekend. I would sell off and take some profits (what little they have)...JMHO...
 
Quote from Trader273:

Oil is actually down today. Some of the my best trades today were oil shorts.
More...

Still, would you feel comfortable holding a lot of long positions over a weekend like this?
 
Quote from JimmyJam:

Long at 1243.25 (not a recommendation)

Bottom may be in for the day ...
More...

JJ,

Don't take this the wrong way, but it seems like your trading style has changed. Correct me if I'm wrong, but I thought you were more of a breakout/trend trader vs. counter trend trader.
 
Quote from Trader273:

no way in hell:)
More...

I wouldn't either...I don't really think that the middle east skirmish would be considered a catalyst at this point but I would fear that it could escalate over a weekend.

I always like to think, if I was an institutional trader what would I do in this situation. I believe I would take profits this afternoon or at least hedge my longs somehow.
 
Quote from K-Rock:

JJ,

Don't take this the wrong way, but it seems like your trading style has changed. Correct me if I'm wrong, but I thought you were more of a breakout/trend trader vs. counter trend trader.
More...

I was working with breakout/breakdown/trend trading vs. countertrending (with some success).

Trying to find my old mojo again :D .

I say1253, what do you think?
 

Attachments

Quote from 4re:

I wouldn't either...I don't really think that the middle east skirmish would be considered a catalyst at this point but I would fear that it could escalate over a weekend.

I always like to think, if I was an institutional trader what would I do in this situation. I believe I would take profits this afternoon or at least hedge my longs somehow.
More...


If i was an institutional trader I'd be on the golf course:p . Seriously, just look at the daily chart of oil and you see an uptrend, no need to try and go against that.
 
Quote from Trader273:

If i was an institutional trader I'd be on the golf course:p . Seriously, just look at the daily chart of oil and you see an uptrend, no need to try and go against that.
More...

I agree. Uptrend oil, uptrend gold, downtrend everything else.
 
Status
Not open for further replies.
Back
Top