S/R Emini Journal

yvberj · Jul 17, 2006

It's been a nice run shorted at 1244.75 and stopped out at 1240. ( put my stop too close). May get a little resistance at 1238-39 short term, but if it passes this next stop around 1235. Which I think will happen.

IMHO if you go long here. Be carefull. May be able to scalp a point or two.
Alex

boro45 · Jul 17, 2006

Quote from MiniDowTrader:

Hey boro...any trades?

I've been sitting on my hands. Now waiting to see who wins the battle between 796-817 then look for a breakout of the opening 15 minute candle, 779 if the bears win and 850 if the bulls win.

Oops! Looks like the bears won!

Heck yeah. Had a great long this morning right after the open and rode it up for 50 points. Got stopped on a premature short at 9:11 and then took a better one about 20 minutes later.

I'm ready to call it a day. Maybe I'll swtich over to my sim acct and see how the rest of the day unfolds.

Got to book those gains, you know.

JimmyJam · Jul 17, 2006

Quote from boro45:

I'm ready to call it a day. Maybe I'll swtich over to my sim acct and see how the rest of the day unfolds.

Man, you guys sure do quit early! (it's like 10:50am ET)!

yvberj · Jul 17, 2006

Quote from JimmyJam:

Man, you guys sure do quit early! (it's like 10:50am ET)!

They're getting lazy in their old age. Don't want to work more than a few hours a day.

MiniDowTrader · Jul 17, 2006

Stopped out 798.

Thanks V!

JimmyJam · Jul 17, 2006

Quote from JimmyJam:

Who knows, maybe we'll get a double headfake and get the ball stuffed back down our throats ... but it ain't look'in like it, is it?

Spoke too soon, that's exactly what happened.

-1.5 pts, reversed, now long at 1243.25 (not a recommendation).

They held the line, so let's see if the bulls now have the ball.

Later,

JJ

MiniDowTrader · Jul 17, 2006

Jimmy,

This could turn into one of those chop-and-slop days if the bulls can't run the stops.

Good luck!

MDT

yvberj · Jul 17, 2006

Quote from JimmyJam:

Spoke too soon, that's exactly what happened.

-1.5 pts, reversed, now long at 1243.25 (not a recommendation).

They held the line, so let's see if the bulls now have the ball.

Later,

JJ

Carefull JJ. This 1243-44 area has a fair amount of resistance.

MiniDowTrader · Jul 17, 2006

Quote from JimmyJam:

Man, you guys sure do quit early! (it's like 10:50am ET)!

I, for one, still have a "real" job. :eek:

Can only play in the mornings. :mad:

MDT

yvberj · Jul 17, 2006

Quote from MiniDowTrader:

I, for one, still have a "real" job. :eek:

Can only play in the mornings.

MDT

Boy, are you insulting. You really know how to hurt a guy.

S/R Emini Journal

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