S/R Emini Journal

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Quote from romik:

it's disappointing, but not a huge deal.
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It is the price of doing business here. But still I get pissed with a $500 loss. When we do the long term trades you can make more and sometimes lose more on them. You'll get it back just consider that you loaned it to them for a while and get it back with interest.
 
Quote from ndjeff7:

Looks like we have a triangle pattern setting up here in the YM, gotta be a pretty good move coming out of it in either direction. The big question is which direction? hahaha
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I would look for clues from hourly and daily charts. Daily does point towards 1302 range. There has been a BRD in CCI and HIST and by my rules of PTs 1302 is an average range AND is very near daily support (upwards horizontal).

Though last 10 days support is pretty much in @ ~1305
 
Quote from ndjeff7:

Looks like we have a triangle pattern setting up here in the YM, gotta be a pretty good move coming out of it in either direction. The big question is which direction? hahaha
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That should be a continuation to the downside.
 
Yeah, I'm leaning here on the short side too. The top of the previous trading range in YM is 11410 which is about 25 points away so that may be a good target to shoot for out of the triangle, price can't keep contracting forever!
 
Quote from romik:

I'll be short @ 1306.50, PT 1304.50, Stop 1308.75 and a possible reverse.
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Hey Bro,
There is some minor support at 1304.50. Just so you can make a quick escape if neccessary.

I have to get going so you guys fill me in on the days activities. I'll be out all day.
 
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