S/R Emini Journal

[4re]

Quote from belavia:

Are you guys looking bearish until 1290 now?

I am for a little longer there is some support around 1291.75. I am going to be done with my current trade at 92 so if it goes lower or not won't really matter to me.

 

[belavia]

Thanks! How did you determine the support at 1291.75?

 

[romik]

Quote from romik:

94.50

+2pts

Total: +4pts so far, probably no more trades for today, unless it reverses and heads for upper resistance levels. though unlikely I would trade them now, too many sellers about.

 

[romik]

Quote from belavia:

Are you guys looking bearish until 1290 now?

I would say 1290 is still pretty possible, though I am flat now.

 

[romik]

it was a nice pop out of the pennant wasn't it? Lower horizontal provided a nice entry for a rapid short.

 

[brightstone]

What about the 2:00 reversal..

 

[4re]

Quote from belavia:

Thanks! How did you determine the support at 1291.75?

By this chart. It is minor support but it looks to have held so far. I bailed with 1.5 points on my this trade. Shorted at LOD 94.00. No more for the day

 

[4re]

Quote from romik:

it was a nice pop out of the pennant wasn't it? Lower horizontal provided a nice entry for a rapid short.

You were watching that to, huh...

 

[belavia]

Thanks for the chart. As far as I read in the thread you dont use any indicators, just chart patterns and S/R?

Romik, if you have time, explained a bit of your strategy. I havent been able to find an option to search the thread and its hard looking through 500+ pages.

 

[sportmatt37]

nice breakdown, done for the day