S/R Emini Journal

[4re]

Quote from 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.

Oh come on. You don't want to go through 500 pages of this fun stuff. Might get some good sleep reading it. Maybe even a few laughs.

I do use S/R and chart patterns for my trading. That isn't to say that I don't put up a moving average or even fibs at times, because I do. I use them to guide me but I use S/R and patterns to trade with.

 

[belavia]

LOL, actually I do find it really interesting. I will probably read every page by tomorrow evening.

 

[4re]

Quote from sportmatt37:

nice breakdown, done for the day

Way to go...

BigBrent, if you are reading this today. These are the days we like. We will all get steak for dinner tonight. If you are a vegan I am sorry you can have some nice Tofu. Then again you wouldn't be big if you didn't eat meat would you...

 

[belavia]

Quote from 4re:

Oh come on. You don't want to go through 500 pages of this fun stuff. Might get some good sleep reading it. Maybe even a few laughs.

I do use S/R and chart patterns for my trading. That isn't to say that I don't put up a moving average or even fibs at times, because I do. I use them to guide me but I use S/R and patterns to trade with.

No indicators? Arent those bollinger bands on your chart.

 

[romik]

Quote from 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.

Bel, what's your max position size?

 

[4re]

Quote from belavia:

No indicators? Arent those bollinger bands on your chart.

Yes, they are. I forget about them. I do always keep them on my chart. They let me know how volitility is going and I use them to make a quick escape sometimes. Thay are just part of my chart like a candlestick, to me anyway.

 

[romik]

Quote from 4re:

You were watching that to, huh...

yep, for sure, every daytrader should have been eyeballing that. Here are my sticks.

 

[belavia]

Quote from romik:

Bel, what's your max position size?

I am still papertrading with one lot. Before I focused on stocks, but ran into this thread a few weeks ago. It has been very pleasant so far.

Anyhow, congratulations on your profit today everyone!

 

[romik]

Quote from belavia:

I am still papertrading with one lot. Before I focused on stocks, but ran into this thread a few weeks ago. It has been very pleasant so far.

Anyhow, congratulations on your profit today everyone!

If you can only trade 1 lot, then 4re's calls might work better for you, I do double up quite a bit sometimes, when there is no strong upside/downside.

 

[sportmatt37]

I am relativly new to the wall street gig, so I was wondering when you guys expect volume/trading activity to pick back up to normal levels i.e when does wall street's vacation end???

btw - bear flag forming now