S/R Emini Journal

ndjeff7 · Aug 28, 2006

Short at 11362

4re · Aug 28, 2006

I went ahead and got out with 1.75 points on that trade. It was taking too long and I wanted to bank some profit. With the upper part of this channel being 1304.25 and we pecked 1304 I decided it best to get out under the resistance.

sportmatt37 · Aug 28, 2006

Quote from volente_00:

rule of 10 short at 1304.50 FWIW

Volente, how many points do you look for on the rule of 10 trade?

volente_00 · Aug 28, 2006

I usually take half off at 2 points and set stop to break even.

sportmatt37 · Aug 28, 2006

Quote from volente_00:

I usually take half off at 2 points and set stop to break even.

thank you

porgie · Aug 28, 2006

vol,

1 or 2 more late night chat room training sessions and i will make an emini daytrader trader of you yet........LOL LOL

4re · Aug 28, 2006

I do believe we have now found where true resistance is for the moment anyway. I was planning to go long at 1304.25 just for a quick scalp but I think I have changed my mind on that.

I will not be able to trade the afternoon so I believe my 1.75 points will have to stand for today.

ndjeff7 · Aug 28, 2006

covered at 11352, took way longer than I was expecting

4re · Aug 28, 2006

Quote from ndjeff7:

covered at 11352, took way longer than I was expecting

That is Ok. You took the same amount as 1 ES point. And better than that you know why you exited on the trade. Nothing wrong with that.

porgie · Aug 28, 2006

lets stay on subject es....please.....thank you