S/R Emini Journal

[JimmyJam]

Quote from 4re:

Master the basics and stick with it. If you do any reading, read more about the basics

I just got a mailer from 4X Made Easy, think that'll help?#!#? hahahahaha

(yeah, everybody ALLWAYS sells their profitable system for $4,999.00)

 

[JimmyJam]

long @ 1250.75.

looking for the reversal

 

[volente_00]

inverted H and S in ES

 

[MiniDowTrader]

Quote from 4re:

I have been out for a while myself. I have a guy from the pool company coming over to paint the outline of it in a little bit. Here is what is will look like in about a month.

Who's the babe?

 

[JimmyJam]

Quote from volente_00:

inverted H and S in ES

finally, sheesh!, you'd tink we had all day ...

 

[4re]

Quote from MiniDowTrader:

Who's the babe?

A ha ha ha ha, I like that. Don't tell anybody, that is my new girlfriend.

 

[yvberj]

It's been a good and interesting week. Closed out with a final 2.5 pts. out at 1244.5.

We're sitting on a support here, so the million dollar questions is, will it hold. Must study the charts to see if I can get any direction. But, with just a quick look and I can't hang my hat on anything difinitive.

JJ: You got your 10 pts. and technically there should be a retracement. Especially since we're also sitting on a support level. Looking at the hrly., though, the smaller MA's have or are about to cross the 100MA, which raises a caution flag.

As I said let me go back and study the charts a little more.

Have a good weekend everyone.

Alex

 

[romik]

Quote from yvberj:

...so the million dollar questions is, will it hold...

I think it will, but if you trade S/R than it's irrelevant in a way

 

[yvberj]

Quote from romik:

I think it will, but if you trade S/R than it's irrelevant in a way

I don't quite follow you romik. I use them as a guide but I don't depend upon them.

What I'm not clear on is your statement. If I were trading using S/R they would be relevent, because that's were I would be looking for my reversal. What am I missing?
Alex

 

[4re]

Quote from yvberj:

I don't quite follow you romik. I use them as a guide but I don't depend upon them.

What I'm not clear on is your statement. If I were trading using S/R they would be relevent, because that's were I would be looking for my reversal. What am I missing?
Alex

What Romik is saying if you use S/R like I do then you are market neutral. If it breaks we have a trade, if it doesn't we move up a level and we have a trade.