S/R Emini Journal

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Quote from 4re:

I was getting scared when it broke support at 25 and came back up. Now we just need to break the next level at 24 and 22 should be in the works

How was your trading day today?

booked 8.75 pts today, I posted real-time calls with charts in your journal (apart from last one) today to show that "simple" approach, backed by knowledge/research, CAN be more appropriate than complex formulas and trying to guess what is going to happen next intraday. Thanks for asking, very good day indeed. Shame you missed it, but there is always tomorrow.

I am short again in the positional, looks like another sell off is upon us, I can say HOPE here, as this is more long term and divergence based and averaging down is allowed for, so we'll see what the near future brings.
 
Quote from romik:

booked 8.75 pts today, I posted real-time calls with charts in your journal (apart from last one) today to show that "simple" approach, backed by knowledge/research, CAN be more appropriate than complex formulas and trying to guess what is going to happen next intraday. Thanks for asking, very good day indeed. Shame you missed it, but there is always tomorrow.

I am short again in the positional, looks like another sell off is upon us, I can say HOPE here, as this is more long term and divergence based and averaging down is allowed for, so we'll see what the near future brings.

Very good. I appreciate you helping show everyone how to keep things simple. You said that four letter word Hope. I hope all the damn time and anybody who says otherwise I think they are just trying to pump up their ego/psyche. It is just like being emotional about trading. I get upset when I lose a game of cards or monopoly, why wouldn't I get upset if I lost a trade. Don't make sense. BUT, if you or anybody is looking at a chart and just goes long then sits back and hopes it works then that is bad trading.

So, I HOPE you all do well tomorrow and me to.
 
Quote from 4re:

Very good. I appreciate you helping show everyone how to keep things simple. You said that four letter word Hope. I hope all the damn time and anybody who says otherwise I think they are just trying to pump up their ego/psyche. It is just like being emotional about trading. I get upset when I lose a game of cards or monopoly, why wouldn't I get upset if I lost a trade. Don't make sense. BUT, if you or anybody is looking at a chart and just goes long then sits back and hopes it works then that is bad trading.

So, I HOPE you all do well tomorrow and me to.

checkout mymini journal, if he is for real, then that is some hit he took 2day, nobody should ever attempt what he is done today, averaging down an intraday position which I am sure already had a max risk locked in at the initial opening.

I still think he is on a sim though, if he isn't - I feel for him
 
Quote from romik:

checkout mymini journal, if he is for real, then that is some hit he took 2day, nobody should ever attempt what he is done today, averaging down an intraday position which I am sure already had a max risk locked in at the initial opening.

I still think he is on a sim though, if he isn't - I feel for him

I will check it out but I will say this. Even if I do suspect somebody is simulating I don't say anything unless I know for sure. I never really understood his method anyway. I thought he was minidowtrader for a while. I saw while I was on vacation where someone else thought so as well.
 
Quote from romik:

checkout mymini journal, if he is for real, then that is some hit he took 2day, nobody should ever attempt what he is done today, averaging down an intraday position which I am sure already had a max risk locked in at the initial opening.

I still think he is on a sim though, if he isn't - I feel for him

That post looked fishy to me. He's been taking heat for not posting losses and then all of a sudden he takes a HUGE hit like that? I don't know what to believe. Makes me think it's sim trading...and I certainly hope for his sake it is! :eek:

MDT
 
Hello Everybody,
I'll keep it short tonight. Here are my numbers for tomorrow. Just to let you know I found a couple of levels on the short side that were very obvious but I had to skip over them because they did not provide my 2 points with enough wiggle room. I marked them in red and my actual entry in blue. Just wanted to let you know before being asked. Here are my numbers for tomorrow.

Long 1282.75 - 1288.50

Short 1260.25 - 1252.50

Good luck tomorrow,

Gary
 

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Here's what I see for S/R, but I like that 1264.00 number ... as a potential buy'in on a reversal (short covering and such).

it's also first support for the guys/girls using pivot points.

see ya's

jj
 

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