S/R Emini Journal

[4re]

If we break through that support at 1275 and close below that I think we should see more to the downside tomorrow.

 

[JimmyJam]

Quote from 4re:

Is anybody still in the trade?

Not now.

I caught the up/down/up and I'm kinda dizzy from all the excitment.

Later,

JJ

 

[4re]

Quote from JimmyJam:

Not now.

I caught the up/down/up and I'm kinda dizzy from all the excitment.

Later,

JJ

I am not excited about mine at all. I guess since I already bought the steak in anticipation I will eat but maybe not cooked all the way. There has to be some punishment you know...

Good trading for you. I haven't really been watching it much since I got out.

 

[riaamaan]

No, I had my stop come up to b/e +1 and that got hit. Then I got in twice on the uptrend after support showed up, but each time got stopped out -2. I'm pissed, but undeterred.

Lessons learned, take 2 pts when it's there for you and you need a win. Do not trade when high volatility prevents you from placing a comfortable stop.

 

[4re]

Quote from riaamaan:

No, I had my stop come up to b/e +1 and that got hit. Then I got in twice on the uptrend after support showed up, but each time got stopped out -2. I'm pissed, but undeterred.

Lessons learned, take 2 pts when it's there for you and you need a win. Do not trade when high volatility prevents you from placing a comfortable stop.

As much as it pisses you off you probably learned a cheap lesson. If you will remember it. And I imagine you will.

Sorry for the loss though

 

[riaamaan]

Quote from 4re:

As much as it pisses you off you probably learned a cheap lesson. If you will remember it. And I imagine you will.

Sorry for the loss though

Most definitely. After reading the stories you guys had, I realize it's a cheap lesson. I just get tired of bleeding myself out slowly.

I appreciate your feedback. The hardest part about trading for me is not trading when I shouldn't.

 

[4re]

Quote from riaamaan:

Most definitely. After reading the stories you guys had, I realize it's a cheap lesson. I just get tired of bleeding myself out slowly.

I appreciate your feedback. The hardest part about trading for me is not trading when I shouldn't.

That is the hardest part for all of us.

 

[yvberj]

Todays whole mkt. was the last two hours. Picked up a few pts. and gave back a couple of pts. End up slightly on the plus side, but for a while I thought I was going to give it all back, plus.

 

[4re]

Quote from yvberj:

Todays whole mkt. was the last two hours. Picked up a few pts. and gave back a couple of pts. End up slightly on the plus side, but for a while I thought I was going to give it all back, plus.

That is the reason I usually quit trading after I get 2 points. The less I hit the button the less chance I have for error.

 

[4re]

Hello Everyone,
Well it was kind of a lackluster Fed day but most of us did get some trading done. There was some good money to be made this afternoon. I didn't exactly make it but some did. I was able to get my S/R numbers done early today mainly because I was curious where they were going to be. Here are mine for tomorrow.

Long 1280.50 - 1284

Short 1269.75 - 1297

Good luck tomorrow, I won't be able to trade in the morning as I am still playing catch up from my vacation. This week I am getting hammered with work. Everyone is wanting to get all diagnostic testing done before school starts.

Gary

P.S. My son starts school next week I can't believe it is almost over. I don't understand sending them back to school in the hottest month of the year in Texas...