S/R Emini Journal

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Quote from 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

OK

So it worked.

Just what good trading should be.

Boring.
 

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Quote from romik:

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

I guess when you talk about a short set-up your are talking T/A but what is really making this short work is when Cramer said buy CAL 36 no problem. Ahahahaha...:D
 
Quote from 4re:

I guess when you talk about a short set-up your are talking T/A but what is really making this short work is when Cramer said buy CAL 36 no problem. Ahahahaha...:D

the thing is that it is possible for it to hit 36, the question is what comes first technicals or fundamentals.
 
Quote from romik:

the thing is that it is possible for it to hit 36, the question is what comes first technicals or fundamentals.

I have to admit I would like for it to pop up after Aug and would love to see 36. I see where it could hit 34 but I have a hard believing 36 right now. Next month prove me wrong, I'll love it all the way to the bank.
 
For any of your confirmed overnight bandits this bad boy is probably going to trade right back up to the 1286+ area.

Now I see why B1S2 is such a confirmed position trader.

It's easier to think the trade through strategically, and you aren't reliant on the intra-day volalitility that the day guys need to survive.

Later,

JJ
 
Quote from JimmyJam:

by "in" i'm assuming you're long?

if so you're tak'in a gut check ... for the record 1274 is S3 using classic pivots (i think they suck, but lots of traders use'em, so ...) it might hold, and of course, i'm hop'in not.



They got my stop on that long but I knew the risk getting in before the news, but luckily rule of 10 came through.
 
Hey Guys,
Hope everyone made a little money today. I made back my losses from yesterday plus an extra .25 to pay for commissions. So I am even for the week right now. Here are my numbers for tomorrow.

Long 1278.50

Short 1273.75

Have a good trading day I can't wait to see which way the market goes.

Gary
 

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NOTE to xmlschema:

Your ET account is set to not accept PM's so I could not respond to your message so here is the answer.

Ninja Trader is just the trading platform for order entry and exit only. E-signal is for Charts I think you can set up an account and trade through e-sig but you can't see charts through ninja trader. Or at least this is how mine is set up. I use the two separately.

Gary

P.S. Thanks, I hope this journal will help you out. There is a lot of different trading styles in here.
 
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