S/R Emini Journal

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Quote from boro45:

Yeah, not too much going on today. Haven't made a single trade yet either.
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Well wouldn't you know, as soon as I shut down my dome it hits my 85 entry and would have gotten my 2 points
 
Looking at three possible setups. It hits R2 at 88.25 and reverses or it goes below R1 at 80.75 and attracts towards the central pivot at 75.75.

Since anything can happen, it could go above 88.25 and keep on going. But seems least likely.
 
volente, I like your 10.30 reversal observation, I haven't been trading it, but it is handy for potential profit taking, kinda like a time pivot. Nice.
 
Quote from romik:

volente, I like your 10.30 reversal observation, I haven't been trading it, but it is handy for potential profit taking, kinda like a time pivot. Nice.
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Time Pivot ... sweet.

The market pulled an UP/DOWN yesterday, my money says that the longer we stay in this channel, the higher the probability of the market moving another leg higher.

Just talk'in my trade! :D :p

I Need Coffee!
 
Been gone for a couple of hours. Looks like I haven't missed very much since this morning. It started out good but now it's time for someone to give it a kick. Up or dn. doesn't matter.
 
Quote from yvberj:

Been gone for a couple of hours. Looks like I haven't missed very much since this morning. It started out good but now it's time for someone to give it a kick. Up or dn. doesn't matter.
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Yeah, I know, on days like this I put a long trade in, take my money and be happy.

Later,

JJ
 
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