S/R Emini Journal

[JimmyJam]

Quote from romik:

... still waiting for my brand new DELL here

I think your earlier call is more correct and the bottom may be in here (even though the market is down, there's not much fear in it, just take a look at the vxo/vix and tells me what you thinks).

I think this "sell-off" was kinda expected and is "business as usual", I'll be looking to get long, uh, in a minute!

Later,

JJ

 

[4re]

Romik,
I also see more downside this afternoon. To about 1268 at least.
Good luck on it. I have to get out and do some real work now. See you guys later.

Gary

 

[JohnBob]

Quote from 4re:

So, I must thank each and every one of you for helping me.

So the checks for our share of the July profits should be arriving shortly?

JB

 

[romik]

Quote from JimmyJam:



I think your earlier call is more correct and the bottom may be in here (even though the market is down, there's not much fear in it, just take a look at the vxo/vix and tells me what you thinks).

I think this "sell-off" was kinda expected and is "business as usual", I'll be looking to get long, uh, in a minute!

Later,

JJ

i don't use vxo/vix JJ, I try to keep it as simple as possible - S/R and T&S for scalps, this helps me to stay as neutral to market possible direction as possible. Positional trades are still very very new ground to me and I am simply taking on advice from B1S2 and using little knowledge that I have managed to pile up in my brain up to now. I am strong believer that for scalping a trader does not need more than price, but I am not that good...yet.

 

[romik]

Quote from 4re:

Romik,
I also see more downside this afternoon. To about 1268 at least.
Good luck on it. I have to get out and do some real work now. See you guys later.

Gary

1268 is the mark I was referring to as 20MA on daily, so we are close there.

 

[JimmyJam]

The market is acting very lethargic, certainly not like it wants to sell-off.

But I got a signal, so I'll short @ 1273.25.

If breaks pat 1274.25 though I'll probably bail on the trade, and maybe reverse ... things just don't look that bad, but we'll see.

Later,

JJ

 

[4re]

Quote from JohnBob:

So the checks for our share of the July profits should be arriving shortly?

JB

Just like I tell the bill collectors, the check is in the mail...

 

[4re]

Quote from romik:

1268 is the mark I was referring to as 20MA on daily, so we are close there.

I was going to the lower band of the BB's, but the same number

 

[4re]

Romik,
Forget seeing my grin all the in England, I bet by now you can hear me grinning also. Strong follow through to downside today on CAL. One more dollar and I'll be out of that trade and waiting for the BB's to get tight on the Q's so I can add another large position on it.

 

[romik]

Quote from 4re:

Romik,
Forget seeing my grin all the in England, I bet by now you can hear me grinning also. Strong follow through to downside today on CAL. One more dollar and I'll be out of that trade and waiting for the BB's to get tight on the Q's so I can add another large position on it.

yes, it sure looked like a great short set-up