S/R Emini Journal

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Quote from belavia:

Looks like you're all doing pretty well this morning.
Romik, why the decision to enter at 1310.25, others felt safe going in earlier. Are you just trying to play it safe?

Also, what does WRB mean:confused:
Does B stand for band or base maybe.
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it's a system generated call, i just squeeze the trigger.
 
Quote from ndjeff7:

I wanted to post this for all the YM traders. Using some more of the tips that I've learned from this thread, I set up a nice channel that the YM is in today (I got the idea and use from Romik). You can see price just hit the top of the channel and when that happened traders were hitting the bid like crazy so I took a quick short and got out with Gary's 10 pt exit strategy. I've gotten lots of good ideas from being in this forum this last week and would like to thank everyone. Hopefully this thread keeps going and more people join in with great ideas.
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way to go Jeff!
 
Thanks romik, I hope that the rest of your trading day goes well. I'm off to rest up during the weekend for fall trading starting on Tuesday.

I also found another one of the patterns Gary was talking about in the ER2 this morning. I didn't trade it since I'm only trading YM at the moment, but I kept an eye on it. I don't remember the name of the pattern, (bullish triangle maybe??) but you can clearly see the strong upside break out of the triangle. Have a good long weekend everyone!
 

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Quote from ndjeff7:

I wanted to post this for all the YM traders. Using some more of the tips that I've learned from this thread, I set up a nice channel that the YM is in today (I got the idea and use from Romik). You can see price just hit the top of the channel and when that happened traders were hitting the bid like crazy so I took a quick short and got out with Gary's 10 pt exit strategy. I've gotten lots of good ideas from being in this forum this last week and would like to thank everyone. Hopefully this thread keeps going and more people join in with great ideas.
More...

Good job, keep it simple and sweet. I hope it continues for you. Just don't modify and trade it like a robot. You'll be fine.
 
Quote from ndjeff7:

Thanks romik, I hope that the rest of your trading day goes well. I'm off to rest up during the weekend for fall trading starting on Tuesday.

I also found another one of the patterns Gary was talking about in the ER2 this morning. I didn't trade it since I'm only trading YM at the moment, but I kept an eye on it. I don't remember the name of the pattern, (bullish triangle maybe??) but you can clearly see the strong upside break out of the triangle. Have a good long weekend everyone!
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Yes, that is the Ascending Triangle that Volente was showing yesterday. It is a bullish pattern as the price should break to the horizontal. Good pickup.
 
Quote from 4re:

Romik,
Are you watching this pennant? I am sure you are.
I gotta run but I'll check back in a couple of hours.
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yes, but I am currently in the long trade and possible short only @ 1306.50. C u l8er Gary.
 
Quote from romik:

yes, but I am currently in the long trade and possible short only @ 1306.50. C u l8er Gary.
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I think you will get your steak money on it. Just be careful with resistance at 1312.25.

L8r
 
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