S/R Emini Journal

[romik]

Quote from romik:

morning all, short here 1299

+2pts, should further selling though, looks good

 

[MiniDowTrader]

Quote from romik:

My primary levels are based on 15min TF. Opening bar 9.30am, High and Low define R/S and I simply go for breakouts with PT of 2 points.

Thanks romik! You gave away my whole trading strategy! I spent minutes and minutes coming up with this strategy. And now every Tom, Dick, and 4re are gonna be using it!

MDT

 

[4re]

Quote from MiniDowTrader:

Thanks romik! You gave away my whole trading strategy! I spent minutes and minutes coming up with this strategy. And now every Tom, Dick, and 4re are gonna be using it!

MDT

LOL...I might have to copy you guys.

 

[yvberj]

Quote from 4re:

Very Wall Street sounding to me. I can picture them all running around saying it.

I just wanted to show you all how intelligent I am!!!!

 

[romik]

Quote from MiniDowTrader:

Thanks romik! You gave away my whole trading strategy! I spent minutes and minutes coming up with this strategy. And now every Tom, Dick, and 4re are gonna be using it!

MDT

Sorry about that, it took me 5 years to establish that price will not be allowed to be locked in a tight range. I can give this to Buffett, it won't affect the market, this is very different to TA like RSI patterns, MA xovers, Stoch divergence patterns - all these patterns on short TFs will go into overkill. Tight range breakouts will exist forever, nobody can control that.

This is the moment where a lot of people would lock in profits (edgy daytraders) before their PTs have been reached.

EDIT: that was pretty fast basically price showed some brief signs of reversal and many had fingers on the buzzers not to allow the profit become a loss. I would have held now till my stop's been hit and re-entered on further decline, which did happen now.

 

[4re]

Quote from romik:

Sorry about that, it took me 5 years to establish that price will not be allowed to be locked in a tight range. I can give this to Buffett, it won't affect the market, this is very different to TA like RSI patterns, MA xovers, Stoch divergence patterns - all these patterns on short TFs will go into overkill. Tight range breakouts will exist forever, nobody can control that.

This is the moment where a lot of people would lock in profits (edgy daytraders) before their PTs have been reached.

Just doubled my position

 

[MiniDowTrader]

FWIW, from the part-timer....

YM might have some support @ 11300...which might put the S2 level in play for the ES.

Or not.

MDT

 

[4re]

I am out at 94.25

 

[romik]

Quote from 4re:

I am out at 94.25

nice one! Wunder J will make half a mill today, I am sure

 

[4re]

Finally! I made up for all of Fridays loss with one trade and got an extra .5 for candy money