S/R Emini Journal

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Here is what I am looking at right now. I won't be able to trade it because I have to leave but something to keep an eye on.

Gary
 

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The NQ already broke out of the same pattern. You guys have a good day. Me, no trades but I got a lot of paperwork done. And the Q's are going up while CAL was downgraded and is going down. Happy day for me.
 
Just outlining my morning trade here so I can give you guys an idea of the strategy I'm using and possibly get some feedback. I'm using the 20, 40, and 200 MA. They all converged this morning along with some bottoming candle formations. I waited a little too long after the bounce and got filled at 1283. My target was just below the high of the day and the first 30 minute high so I sold at 1286. I used a mental stop close order below the 40 MA (red line).
 

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Quote from mattjbarlow:

Just outlining my morning trade here so I can give you guys an idea of the strategy I'm using and possibly get some feedback.
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Looks good enough.

You always know where the dominant trend is and can enter on pullbacks.

The real question is, how's it work'in for ya?
 
Quote from JimmyJam:
The real question is, how's it work'in for ya?
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Seems to be working pretty well, but it is too early to tell. Should have a better idea at the end of the month. Thanks for the feedback.

--
Matt
 
Quote from romik:

premature short here, slipped .25 a bit early
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it might be premature, but it's still in the right direction. Resistance was hit and it looks like it was resoundingly rejected!
 

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