S/R Emini Journal

Status
Not open for further replies.
Here is my chart for tomorrow. The numbers won't be changing.

Long 1308.25 - 1311.25

Short 1295.25 - 1291.75

I will not be able to trade tomorrow, I am booked all day.

Good luck tomorrow,
Gary
 

Attachments

attaching a chart which shows the past 2 days of consolidation of the break out.
Unless one has a bigger stop loss than 6-8 ticks ,you can see it was choppping everyone on the way up & down.
Yours truly tried to pick top on Friday 3 pm by buying SEP DJX & SPX puts.Since friday closed at the days's high ,those were under water some what.Fortunately Mondays opening down saved the bacon.
Bottom fishing Long calls on the above two also worked out profitably for a small scalp.Have to watch Tuesday can break previous high,if not back to support.Will watch only indiactor (not price) & play it close.
 

Attachments

Quote from krishiyer:

...
I have a consipiracy theory that big traders keep side bets (options)in private a/c (in anonymous tax haven a/c) & use Employer (read Top5 big wall street brokers) money to move the index where they want to put some extra goodies in thier christmas stockings!!!!:D
More...

If you follow the T&S (during chop can be a lot more obvious) one can see this happening a lot. A typical example would be where you have 5000 limits @ Bid and 5000 @ Ask (cummulative depth), steady rotation in the channel happening and then you get 20000 market orders @ Ask, now who controls the market at that time? It is THE jungle for smart animals, bait is always needed, we can't all be lions. Personally I have no objections about being a hiena or something similar :)
 
Quote from romik:

Yes, I am aware of both. But what are the odds of the market continuing an uptrend without a pullback, not 10 point one, but nice 20 range? There is that triple bearish divergence already in place, almost complete. CCI is on the down move recently kissed +200 and sliding downwards, RSI passed 70 downwards.

For intraday I don't care as well which way it is taken, though I do have that f...ing positional short at the moment, so I need to see it from the TA perspective at least.
More...

more conservative estimate I would say 1288-1290 for today/tomorrow, IMO there has to be a correction of a BRD to continue advancing and that's where I would probably cover that short at a small loss, depends on the pressure from the sellers it might end up being a winning trade due to a incomplete triple BRD (HIST) on daily.
 
Quote from krishiyer:

attaching a chart which shows the past 2 days of consolidation of the break out.
Unless one has a bigger stop loss than 6-8 ticks ,you can see it was choppping everyone on the way up & down.
Yours truly tried to pick top on Friday 3 pm by buying SEP DJX & SPX puts.Since friday closed at the days's high ,those were under water some what.Fortunately Mondays opening down saved the bacon.
Bottom fishing Long calls on the above two also worked out profitably for a small scalp.Have to watch Tuesday can break previous high,if not back to support.Will watch only indiactor (not price) & play it close.
More...

Hey krishiyer,
I am so cool that on friday I did pick the top (of course I went long there) and I picked the exact bottom (of course I went short there).

So the chop got me Friday on both sides but my method kept me out of the chop yesterday. Made for a long day but I didn't lose anything.

Have a good day.
 
Status
Not open for further replies.
Back
Top