S/R Emini Journal

[4re]

Quote from romik:

+2pts

Boy, you hit paydirt on that one.

 

[romik]

Quote from romik:

short 72.50 50% pos size too close to friday close, stop 74.75

I really want to exit for like 1 point here due to lack of momentum acceleration, but since this is a 50% position I will leave it to run to the stop in the worse case scenario.

 

[riaamaan]

Went short at 1274, figuring if it got into the gap it would close it. Picked up +2. This pleases me.

 

[yvberj]

I thought there may be more downside, but I've got a feeling that we may be bottoming out here.

 

[romik]

Quote from 4re:

Boy, you hit paydirt on that one.

did you nail these bastards on QQQQ today?

still short

 

[yvberj]

We've come up to the 50 ema. If it passes this I'll probably go long for a pt or 2. Depending upon the strength of the move.

Forget that. As I'm writing this it's turning back down again.

 

[4re]

Quote from romik:

did you nail these bastards on QQQQ today?

still short

Nope, I am waiting until tomorrow to enter that trade. I have to wait until the money from my sell of CAL goes through

 

[riaamaan]

I'm thinking if it cracks the bottom of the base its building at the pivot, it could easily go to 66 - 67.

 

[4re]

Quote from 4re:

Nope, I am waiting until tomorrow to enter that trade. I have to wait until the money from my sell of CAL goes through

If you look at a 6 month daily chart of the q's you can tell there is a big move coming very soon. The BB's are about as tight as they were in April right before it made the big move down from 43 to 36. I want to get in on this. I got about half of the last move and now I want more.

 

[romik]

out for .50 it does look like it's bottomed here