S/R Emini Journal

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Quote from boro45:

Ahh, a good short. Now that's more like it.

I don't know why but I much prefer shorts to longs.

Does that make me a bad person?

:D :D
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Yes. That does make you a bad person! :D

Actually, I'm the same way. Product of the crash. I don't trust any bull moves....and I LOVE to short! :D

I've lost my mojo today. Might be time to tee it up!

MDT
 
Wheeeeeeeeee!

MDT, hope you either rode that down or are still in on the ride. Exited my second half at 045.

If it weren't for a loser this morning, I'd have hit my pre-noon profit target.

There's always the last two hours.
 
Quote from boro45:

Wheeeeeeeeee!

MDT, hope you either rode that down or are still in on the ride. Exited my second half at 045.

If it weren't for a loser this morning, I'd have hit my pre-noon profit target.

There's always the last two hours.
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Good job B!

I haven't graduated from "morning trading" yet so I'm a little wary of the afternoon crowd. :eek:

MDT
 
Quote from volente_00:

FWIW, this trade is based on rule of 10.
Using rule of 2 you would exit 1/2 at 1265.
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Looks like it's a good call.

On back-and-forth wide range trading days like this the rule of 10 seems to have the greatest effect.

also long @ 1263.75

later,

jj
 
here's the double bottom formation that gave added confirmation to the trade.

P.S. I had other indicators that were saying the market could reverse, and I definitely didn't feel comfortable shorting into the double B, so I bought.

Not one of my normal trades, but I'm just here to make money.

P.P.S. After a one-sided (very) trend day like we had yesterday, 9 times out of 10 the following day (today) will be rangy in action, so that's why I figured using Stochastics would be an effect tool. You don't really know until the cash is in the bank, but that's why I used it.
 

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Quote from JimmyJam:

here's the double bottom formation that gave added confirmation to the trade.

P.S. I had other indicators that were saying the market could reverse, and I definitely didn't feel comfortable shorting into the double B, so I bought.

Not one of my normal trades, but I'm just here to make money.

P.P.S. After a one-sided (very) trend day like we had yesterday, 9 times out of 10 the following day (today) will be rangy in action, so that's why I figured using Stochastics would be an effect tool. You don't really know until the cash is in the bank, but that's why I used it.
More...

that also happened to be a divergence, combinations of signals and progression of the latter from shorter TFs to longer ones increases the odds in ones favour. Nice.
 
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